City of Cleveland Files Insulin Price Fixing Lawsuit July 28, 2023 On Monday, July 24, 2023, the City of Cleveland filed a lawsuit against drug manufacturers and pharmacy benefit managers (PBMS). The City alleges the defendants artificially inflated the price of insulin at the expense of self-funded health plans and their members and beneficiaries. According to a release from the Cleveland Office of the Mayor, defendants […] Read More
Adverse Investment Disclosure Events Involving Broker Frank Avallone July 28, 2023 Frank Avallone is currently registered as a broker with Ceros Financial Services, Inc. Mr. Avallone has four customer complaints reported on his FINRA BrokerCheck report. Mr. Avallone was formerly a registered broker and Financial Advisor at National Securities Corp. He has eleven years of experience in the securities industry and worked at Newbridge Securities Corp […] Read More
J&J Can’t Resolve Mass Talc Lawsuits Through Subsidiary’s Bankruptcy, Judge Rules July 28, 2023 Today, U.S. Chief Bankruptcy Judge Michael Kaplan dismissed Johnson & Johnson (J&J) subsidiary LTL Management LLC’s second bankruptcy petition (Case No.: 23-12825). The ruling has thwarted J&J’s plan to wield Chapter 11 as a means for resolving around 50,000 lawsuits alleging the company’s talc products caused claimants to develop ovarian cancer. The judge’s opinion stated: […] Read More
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