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Alex Hartzband

Biden Administration Rolls Back Trump-Era DOL Policies

Posted by Alex Hartzband on 02/04/2021

Almost immediately after taking the oath of office, President Joe Biden has begun rolling back a series of policies, rules, and opinion letters promulgated by the Department of Labor ("DOL") under former President Donald Trump. First, President Biden rescinded a Trump-era rule that limited the DOL's ability to issue and rely upon sub-regulatory ...

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Faruqi & Faruqi

Google Pays $3.8 Million to Resolve Pay Bias Claims

Posted by Faruqi & Faruqi on 02/03/2021

On February 1, 2021, the United States Department of Labor ("DOL") announced it reached a settlement with Google, resolving allegations of systemic pay and hiring discrimination against the technology giant. Under the terms of the settlement, Google agreed to pay $3.8 million to more than 5,500 employees and job applicants. Between 2014 and ...

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Katherine M. Lenahan

GameStop Shares Surged After Reddit-Driven Short Squeeze

Posted by Katherine M. Lenahan on 02/02/2021

GameStop's stock price soared over 400% this week after retail traders, spurred on by a Reddit message board and other online trading communities, snapped up the struggling video game retailer's shares. The GameStop frenzy has fascinated many, with the Associated Press describing it as "a head-scratching David and Goliath story" that "is playing ...

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Camilo Burr

Renewed Push in Congress to Increase Federal Minimum Wage to $15 Per Hour

Posted by Camilo Burr on 02/01/2021

On Tuesday, January 26, 2021, Congressional Democrats renewed their efforts to increase the federal minimum wage to $15 per hour by 2025 by introducing the Raise the Wage Act. The Act would phase out the lower wage for tipped workers while gradually increasing the minimum wage under the Fair Labor Standards Act from the current hourly wage ...

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Raymond N. Barto

Court Denies Mylan and PBMs’ Motions to Dismiss on RICO and Antitrust Claims for EpiPen Overcharges

Posted by Raymond N. Barto on 01/29/2021

Judge Eric Tostrud of the District of Minnesota allowed a putative direct purchaser class to go forward with its case against Mylan and a group of Pharmacy Benefit Managers ("PBMs") for engaging in an alleged kickback and bribery scheme that resulted in inflated prices for EpiPens. The EpiPen is an auto-injector device that allows patients ...

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Faruqi & Faruqi

Supreme Court Declines To Hear Appeal in M&T Bank Merger Case

Posted by Faruqi & Faruqi on 01/28/2021

On January 25, 2020, the United States Supreme Court denied a petition for a writ of certiorari in a closely watched attempt by M&T Bank Corporation ("M&T") to overturn the Third Circuit's ruling in Jaroslawicz v. M&T Bank Corporation, 962 F.3d 701 (3d Cir. 2020). In Jaroslawicz, the Third Circuit reversed a district court's dismissal of a ...

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Megan Remmel

The First Circuit Affirms Verdict That Ex-AVEO CFO Committed Securities Fraud

Posted by Megan Remmel on 01/27/2021

On January 22, 2021, the First Circuit Court of Appeals affirmed a jury's verdict finding that the former chief financial officer of AVEO Pharmaceuticals, Inc., David Johnston, committed securities fraud in relation to his statements regarding AVEO's kidney cancer drug, tivozanib. See Sec. & Exch. Comm'n v. Johnston, No. 19-2264, 2021 WL 222037, ...

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David Calvello

Google Faces Antitrust Lawsuit By DOJ and State Attorneys General Over Alleged Anticompetitive Practices in Search and Search Advertising

Posted by David Calvello on 01/26/2021

The next few years are shaping up to be a watershed period for the antitrust laws, especially as they relate to giant internet and hardware companies such as Google, Facebook, Amazon, and Apple. Shortly after Congress released a damning report on the state of big tech late last year, the Department of Justice ("DOJ") and several state Attorneys ...

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Timothy J. Peter

FDA reaches deal to end litigation with company that sold schools apple juice with high levels of Arsenic

Posted by Timothy J. Peter on 01/25/2021

On January 14, 2021, the FDA entered into a Consent Decree with Valley Processing, Inc. to put an end to litigation stemming from allegations that the Sunnyside, Washington based firm had sold millions of servings of apple juice with high levels of arsenic to children pursuant to the USDA school lunch program. According to the complaint, FDA ...

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Kristyn Fields

Senate Finance Committee Publishes Results of Two-Year Investigation into Rising Insulin Prices

Posted by Kristyn Fields on 01/22/2021

On January 14, 2021, Sens. Charles E. Grassley (R-Iowa) and Ron Wyden (D-Ore.), leaders of the U.S. Senate Finance Committee, released the results of their bipartisan investigation into the rising price of insulin, which they launched nearly two years ago. In the course of its investigation, the committee reviewed more than 100,000 pages of ...

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