Legal Departments' Class Action Risks Poised to Escalate in 2023
"This has always been an area where dollars spent on compliance pay massively huge dividends, by either getting rid of these cases or winning these cases outright," said Gerald Maatman, a Duane Morris partner.
January 04, 2023 at 10:15 AM
3 minute read
Driven largely by opioid litigation against the pharmaceutical industry, class action settlements rose to unprecedented levels in 2022, a new report published by the law firm Duane Morris found.
Class actions and government enforcement lawsuits against opioid manufactures, retailers and distributors rang up more than $50 billion in settlements last year, according to the Duane Morris Class Action Review, which draws conclusions from the hundreds of rulings in the last year.
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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.
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