Articles by Nate Raymond

Alabama ‘Pill Mill’ Doctor Gets 21 Years in Prison

An Alabama doctor was sentenced on Friday to 21 years in prison for running two clinics with a colleague that prosecutors called a massive “pill mill,” in a case tied to the U.S. probe of Insys Therapeutics Inc. Xiulu Ruan, …

New York County Sues Purdue, J&J Over Opioid Marketing

A county in New York state has sued Purdue Pharma LP, Johnson & Johnson and other drugmakers, accusing them of engaging in fraudulent marketing that played down the risks of prescription opioid painkillers, leading to a drug epidemic. The lawsuit, …

Missouri Jury Orders J&J to Pay $110M in Talc-Powder Trial

Johnson & Johnson on May 4 was ordered by a Missouri jury to pay over $110 million to a Virginia woman who says she developed ovarian cancer after decades of using of its talc-based products for feminine hygiene. The verdict …

Halliburton Settles Securities Fraud Class Action for $100 Million

Halliburton Co. on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court. The deal resolves a lawsuit in federal …

Airbnb, New York City Settle Rental Law Lawsuit

Airbnb Inc. and New York City said on Friday they had resolved a lawsuit brought by the company challenging a law it argued could expose it to significant penalties for advertising short-term apartment rentals. Airbnb filed the suit in October …

Source Says Airbnb, New York in Talks to Resolve Rental Law Lawsuit

Airbnb Inc and New York state are in talks to resolve a lawsuit brought by the company challenging a law it says could expose it to significant penalties for advertising short-term apartment rentals, a person familiar with the matter said …

Facebook Claims ‘Zero Tolerance’ for Terrorist Activity

Lawyers for Facebook Inc. on Tuesday sought to assure a U.S. judge overseeing lawsuits by victims of militant attacks in the Middle East that it took a “zero tolerance” approach to any communications that may promote terrorist threats or activity. …

Amtrak Wins Partial Appeal to Recoup Insurance for Sandy Repairs

Amtrak secured a partial U.S. appellate court win on Wednesday in its efforts to recoup insurance coverage after the railroad service sustained more than $1 billion in losses during Superstorm Sandy in 2012. The 2nd U.S. Circuit Court of Appeals …

Court Denies U.S. Bid to Rehear Bank of America ‘Hustle’ Mortgage Program

A U.S. appeals court refused on Monday to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp. and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis. The …

Lawyer Sentenced for Insider Trading on Nationwide-Harleysville Merger

A former partner at the law firm Fox Rothschild was sentenced on Friday to six months in prison for trading on inside information that a client at his law firm was about to announce a merger, prosecutors said. Herbert Sudfeld, …