Implant suit settled for $3.2B

Article Abstract:

Dow Corning has been ordered to pay $3.2 billion to approximately 400,000 women, who charged that the company's silicone-gel breast implants caused immune related illnesses. Terms of the settlement were not disclosed but plaintiffs are expected to receive a maximum of $250,000 depending on their illnesses, with average payment expected to be $31,000 for medical compensation and $5,000 for implant removal surgery. The settlement, which was brokered by court-appointed mediator Francis McGovern, is higher than the $3 billion proposed by Dow Corning but lower than the $3.8 billion sought by the plaintiffs.

Comment:

Is ordered to pay $3.2 bil to around 400,000 women, who charged co' silicone-gel breast implants caused immune-related ailments

Surgical Appliance and Supplies Manufacturing, Surgical & Radioactive Implants, Dow Corning Corp., Prostheses and implants

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Firm fined $1.5M over tainted juice

Article Abstract:

Odwalla Inc., a juice maker, assented to pay $1.5 million fine over an E. coli outbreak in 1996 that killed a girl and made at least 66 other people ill. The Food and Drug Administration declared that the fine was the largest criminal fine ever levied against a food maker. US Attorney Paul Seave stated that Odwalla pleaded guilty to 16 misdemeanor charges of selling contaminated food products and will be on probation for five years. The outbreak of E. coli 0157:H7 was due to adulterated unpasteurized apple juice made at Odwalla's plant in Dinuba in California.

Comment:

Assents to pay $1.5 mil fine over an E coli outbreak in 1996 that killed a girl & made at least 66 other people ill

Canned Fruit Juices, Fruit and Vegetable Canning, Canned juices, Odwalla Inc.

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Bank chief says workers used poor judgment

Article Abstract:

The employees of the Bank of New York (BoNY) have made a lapse in judgment on allowing suspicious accounts to remain open and active without questioning. Federal investigators and banking regulators are probing nine BoNY accounts held by Russian emigre Peter Berlin, through which around $7.5 billiion moved from 1996 to 1999 until the bank closed the accounts. The probe is part of wider investigation on the possible use of US banks by Russian mobsters to launder their money as well to divert foreign aid payments.

Commercial Banks, Commercial Banking, The Bank of New York (New York, New York)

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