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Alex Hartzband

Essential Workers Nationwide Participate in May Day Strike for Improved Working Conditions During COVID-19 Outbreak

Posted by Alex Hartzband on 05/01/2020

As most citizens across the United States continue to shelter in place to slow the spread of the novel Coronavirus, workers at grocery stores, department stores, pharmacies, parcel delivery services, and other essential businesses have been forced onto the frontlines, constantly putting their health at risk. These essential workers assume ...

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Raymond N. Barto

Six States Join Antitrust Action Against Vyera Pharmaceuticals and Martin Shkreli for Daraprim Scheme

Posted by Raymond N. Barto on 04/28/2020

The FTC and New York State Attorney General recently amended their original January 2020 complaint against Vyera Pharmaceuticals and its now-infamous CEO, Martin Shkreli, to include six additional states as plaintiffs. The coalition of antitrust enforcers allege that Vyera engaged in an elaborate scheme to protect its monopoly on Daraprim ...

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Innessa M. Huot

Rep. Ro Khanna and Sen. Elizabeth Warren Fight to Include an ‘Essential Workers’ Bill of Rights in Next Stimulus Package

Posted by Innessa M. Huot on 04/28/2020

On April 16, 2020, Representative Ro Khanna (D-Calif.) and Senator Elizabeth Warren (D-Mass.) unveiled a proposal for an Essential Workers Bill of Rights that would provide essential workers on the frontlines of the COVID-19 pandemic with robust protections. The two lawmakers are calling for the bill to be included in the next COVID-19 relief ...

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Richard W. Gonnello

Covid-19 Affecting ESG Scores

Posted by Richard W. Gonnello on 04/28/2020

ESG investment scores, which derive from the environmental, social and governance standards that socially conscious investors use to screen potential investments, are being impacted by the Covid-19 pandemic. According to a recent Bloomberg report, the pandemic is "awakening fund managers who consider [ESG] issues when investing to blind spots ...

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Dillon Hagius

Opioid Litigation Watch: Purdue Pharma

Posted by Dillon Hagius on 04/28/2020

Purdue Pharmaceutical—maker of the popular painkiller OxyContin—filed for bankruptcy in 2019 after an onslaught of lawsuits accused the company of contributing to the nation's opioid crisis. Because of its bankruptcy, these lawsuits were stayed (i.e., paused) for six months. During this time, Purdue proposed a global settlement that "could ...

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Patrick J. Collopy

Baseball Umpire Calls Out Systematic Discrimination in Major League Baseball

Posted by Patrick J. Collopy on 04/28/2020

On April 24, 2020, Major League Baseball ("MLB") Umpire Angel Hernandez filed a motion for partial summary judgment against the professional baseball league, arguing that the MLB's promotion and postseason assignment policies for umpires are discriminatory. As outlined in Hernandez's motion, prior to the filing of his lawsuit in 2017, the ...

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Stephen Doherty

Stockpiling Sneaker Seller Slips-up

Posted by Stephen Doherty on 04/28/2020

In a first of its kind case, the office of the United States Attorney for the Eastern District of New York has brought criminal charges against a Long Island entrepreneur under the Defense Production Act. The defendant owns several New York based businesses that sell sneakers and apparel. After a search of defendant's warehouse, investigators ...

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Sherief Morsy

SEC Establishes Cross-Divisional COVID-19 Market Monitoring Group

Posted by Sherief Morsy on 04/28/2020

On April 24, 2020, the United States Securities Exchange Commission ("SEC") announced its formation of a cross-divisional COVID-19 Market Monitoring Group (the "Group"). The Group will be focused on the following tasks: (1) SEC and staff actions and analysis related to the effects of COVID-19 on markets, issuers, and investors; and (2) responding ...

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Megan Sullivan

The SEC Halts Trading Of More Than 20 Stocks Due To COVID-19 Claims

Posted by Megan Sullivan on 04/28/2020

As a result of the influx of fraudulent activity stemming from the COVID-19 pandemic, in April the Enforcement Division of the United States Securities and Exchange Commission ("SEC") suspended trading for more than 20 publicly-traded companies, including 16 penny stocks on the OTC market. The SEC explained that it has concerns that these ...

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Adam Steinfeld

Price Gouging Tests the Limits of Free Competition

Posted by Adam Steinfeld on 04/27/2020

Last month, a pair of brothers in Tennessee made headlines for stockpiling hoards of hand sanitizer and bacterial wipes purchased from retailers during a "1,300-mile road trip across Tennessee and into Kentucky". The entrepreneurs then listed the items on Amazon, often for many times the original purchase price. Throughout March, similar stories ...

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