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
J&J Files Lawsuit Against Doctors Who Linked Talc to Cancer July 21, 2023 Junk science. That’s what Johnson & Johnson is calling scientific studies that link talc-based personal care products with cancer. The multinational corporation, which has worldwide sales of over $93 billion, is suing four researchers who published the studies, demanding a retraction or correction to conclusions that talc products contaminated with asbestos could cause mesothelioma, Reuters reported. According […] Read More