Exactech Defective Hip Implant MDL Takes ShapeBrooklyn, NY As of March 2024, 1,244 defective, ankle, knee and hip implant lawsuits were pending in multidistrict litigation in the Eastern District of New York. Although no trials or settlements have yet occurred, some speculate that individual hip plaintiffs may ultimately expect to recover as much as $300,000.
DOL Charges TPA Embezzled ERISA Plan AssetsPittsburgh, PA On February 5, the Western District of Pennsylvania issued a Temporary Restraining Order barring RiversEdge Advanced Retirement Systems, LLC and Paul Palguta, the company’s sole owner and president, from accessing the assets of various ERISA retirement plans. The Department of Labor has accused the third-party administrator of misappropriating and misallocating retirement plan assets from seventeen retirement plans, fourteen of which were covered by ERISA. The defendants also are alleged to have transferred assets among the trust accounts for these plans and generated false records to conceal these transfers. The fraudulent information provided to the plans duped them into filing false reports with the DOL, which further frustrated discovery of the embezzlement.
Bayer in the Weeds over Monsanto’s RoundupPhiladelphia, PA Philadelphia Judge James Crumlish III dug Bayer’s Monsanto into the weeds last month. Along with rejecting Monsanto’s challenge to a $175 million Roundup verdict, he had harsh words regarding the company’s trial tactics, calling its performance indignant and self-promotional. And he dished out more punishment by awarding $2.3 million in delay damages to plaintiff Ernest Caranci.
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