February, 2009California Man Convicted of Selling Unapproved Medical Devices
A San Diego man has been found guilty of illegally selling medical devices he claimed could treat a wide range of conditions and diseases using electrical currents. A federal prosecutor said it was the largest case involving the sale of such unapproved medical devices in decades. James Folsom, 68, could be sent to prison for more than 140 years and fined $500,000 after being found guilty by a federal court jury on 26 felony counts. He remains jailed awaiting sentencing, …
Continue →Wanted Billionaire Banker Stanford Found in Virginia
R. Allen Stanford, the Texas billionaire financial advisor and banker charged with orchestrating an $8 billion investment scheme, has been tracked down in Virginia, FBI officials said. Stanford, 58, was charged this week along with two high-ranking associates and accused of selling fraudulent high-yield certificates of deposit for his Stanford International Bank. The Securities and Exchange Commission alleges that Stanford falsified documents to entice investors into parting with their money on promises of high interest rate returns which were nothing …
Continue →Drug-Eluting Stents May Be Just As Good As Traditional Bypass Surgery, Study Finds, Giving New Options to Heart Patients
Treatment with drug-coated stents, those tiny metal tubes designed to prop open clogged heart arteries, may be just as effective and as safe as traditional open-heart bypass surgery for some patients with severe heart disease, new international research finds.
Continue →Old Navy Recalls Stuffed Toys; Button Eyes Can Detach and Pose a Choking Hazard to Young Children
The stuffed toys have two button eyes that could detach from the toy, posing a choking hazard to young children.
Continue →Class-Action Decertified in Lawsuits Against Microsoft’s Vista
Consumers who sued Microsoft Corp. claiming the company misled them about which computers could be upgraded to run on the new Windows Vista operating system cannot sue the computer giant as a class, but can do so individually, a federal court judge has ruled in reversing her previous order.
Continue →Investigation of Billionaire Banker Stanford Goes Global, Drug Money Laundering Accusation Added
Texas banker and financial manager R. Allen Stanford, named this week by U.S. regulators in an alleged $8 billion investment scam, now faces broadening and increasing charges of international financial fraud.
Continue →Rise in Outsourcing of Clinical Drug Trials Puts More U.S. Consumers At Risk
More and more pharmaceutical companies are conducting clinical trials for new drugs in foreign countries, a controversial cost-cutting move that puts American consumers at risk of death or serious injuries from drugs which are either defective or not effective.
Continue →Raptiva (efalizumab)
Audience: Dermatological healthcare professionals, patients [Posted 02/19/2009] FDA issued a Public Health Advisory to notify healthcare professionals of three confirmed, and one possible report of progressive multifocal leukoencephalopathy (PML), a…
New Study Finds Better Way to Determine Dose of Blood-Thinner Coumadin, But Improved Method May Not Be Available for Years
Medical researchers may have found a better way to determine the proper dose of a popular blood-thinning drug, which is taken by an estimated four million people in the United States.
Continue →Man Who Fell Into Path of NYC Subway While Drunk Awarded $2.3 Million
A Brooklyn man who admitted he was drunk when he fell into the path of an oncoming New York City subway train and lost part of his leg three years ago has been awarded $2.3 million by a jury. Dustin Dibble, 25, said he was so drunk at the time of the April 2006 incident that he doesn’t even remember what happened. The accident occurred at the city’s Union Square subway station. However, his lawyer successfully argued in court that …
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