Critical Mass With Law.com's Amanda Bronstad: 2 Pharmacies Paid $10B to Settle Opioid Lawsuits, so Who's Next? 'Totally Out of Control' Fees in Mass Torts Dodged Appellate Review
I'm Amanda Bronstad. Feel free to reach out to me with your input. My email is [email protected], or follow me on Twitter: @abronstadlaw.com.
November 09, 2022 at 11:11 AM
6 minute read
Critical Mass
Welcome to Law.com Class Actions: Critical Mass, a weekly briefing for class action and mass tort attorneys.
This week: CVS and Walgreens agreed to pay $10 billion to settle thousands of lawsuits. A federal appeals court refused to weigh in on U.S. District Judge Vince Chhabria's controversial 2021 holding criticizing common benefit fees. Cantex Health Care Center brought in this law firm in nine lawsuits brought on behalf of residents who died from COVID-19 at its skilled nursing facility in New Mexico.
I'm Amanda Bronstad. Feel free to reach out to me with your input. My email is [email protected], or follow me on Twitter: @abronstadlaw.com.
Walgreens pharmacy in Baltimore, MD. August 11, 2020. Photo: Diego M. Radzinschi/ALM After Walgreens and CVS, Are More Opioid Settlements Likely?
Walgreens Boots Alliance Inc. and CVS Pharmacy Inc. agreed to pay about $10 billion to settle opioids lawsuits. Here's my wrap-up on the settlements, which, as has been the case for several large opioids deals, depend on a "critical mass" of participating cities, counties and states. In fact, Joe Rice (Motley Rice), lead plaintiff attorney in the opioid multidistrict litigation, told me: "We've got a long way to go to get finalized."
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Who Got The Work
J. Brugh Lower of Gibbons has entered an appearance for industrial equipment supplier Devco Corporation in a pending trademark infringement lawsuit. The suit, accusing the defendant of selling knock-off Graco products, was filed Dec. 18 in New Jersey District Court by Rivkin Radler on behalf of Graco Inc. and Graco Minnesota. The case, assigned to U.S. District Judge Zahid N. Quraishi, is 3:24-cv-11294, Graco Inc. et al v. Devco Corporation.
Who Got The Work
Rebecca Maller-Stein and Kent A. Yalowitz of Arnold & Porter Kaye Scholer have entered their appearances for Hanaco Venture Capital and its executives, Lior Prosor and David Frankel, in a pending securities lawsuit. The action, filed on Dec. 24 in New York Southern District Court by Zell, Aron & Co. on behalf of Goldeneye Advisors, accuses the defendants of negligently and fraudulently managing the plaintiff's $1 million investment. The case, assigned to U.S. District Judge Vernon S. Broderick, is 1:24-cv-09918, Goldeneye Advisors, LLC v. Hanaco Venture Capital, Ltd. et al.
Who Got The Work
Attorneys from A&O Shearman has stepped in as defense counsel for Toronto-Dominion Bank and other defendants in a pending securities class action. The suit, filed Dec. 11 in New York Southern District Court by Bleichmar Fonti & Auld, accuses the defendants of concealing the bank's 'pervasive' deficiencies in regards to its compliance with the Bank Secrecy Act and the quality of its anti-money laundering controls. The case, assigned to U.S. District Judge Arun Subramanian, is 1:24-cv-09445, Gonzalez v. The Toronto-Dominion Bank et al.
Who Got The Work
Crown Castle International, a Pennsylvania company providing shared communications infrastructure, has turned to Luke D. Wolf of Gordon Rees Scully Mansukhani to fend off a pending breach-of-contract lawsuit. The court action, filed Nov. 25 in Michigan Eastern District Court by Hooper Hathaway PC on behalf of The Town Residences LLC, accuses Crown Castle of failing to transfer approximately $30,000 in utility payments from T-Mobile in breach of a roof-top lease and assignment agreement. The case, assigned to U.S. District Judge Susan K. Declercq, is 2:24-cv-13131, The Town Residences LLC v. T-Mobile US, Inc. et al.
Who Got The Work
Wilfred P. Coronato and Daniel M. Schwartz of McCarter & English have stepped in as defense counsel to Electrolux Home Products Inc. in a pending product liability lawsuit. The court action, filed Nov. 26 in New York Eastern District Court by Poulos Lopiccolo PC and Nagel Rice LLP on behalf of David Stern, alleges that the defendant's refrigerators’ drawers and shelving repeatedly break and fall apart within months after purchase. The case, assigned to U.S. District Judge Joan M. Azrack, is 2:24-cv-08204, Stern v. Electrolux Home Products, Inc.
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