Courts deny class action for Gulf Coast trailer case
A federal judge refused to grant class action status to lawsuits over formaldehyde in government issued Gulf Coast trailers after Katrina and Rita. The ruling says claims are too individualized across dozens of models and manufacturers. Trial will proceed with individual cases from Louisiana Texas Mississippi and Alabama.
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New Orleans
Gulf Coast
U.S
Kurt Engelhardt
Louisiana
Texas
Mississippi
Alabama
Engelhardt
Tony Buzbee
Justice Department
Engelhardat
Federal Emergency Management Agency
Centers For Disease Control and Prevention
FDA approves first new prostate cancer drug in four years
The FDA cleared degarelix from Ferring Pharmaceuticals as an injectable treatment that lowers testosterone to slow tumor growth. Unlike older drugs, degarelix does not raise testosterone levels and achieves levels similar to post testis removal. FDA cancer drug chief Richard Pardieu cited ongoing need for options as Zoladex and Lupron Depot are mentioned as peers.
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Washington
Ferring Pharmaceuticals
Food and Drug Administration
Ferring
FDA
United States
Richard Pardur
AstraZeneca
Abbott Laboratories
Treasury lists support to 43 banks in bailout program
The Treasury said it provided 1.9 billion to 43 banks under the 700 billion rescue plan. M&T Bank led with 600 million in exchange for preferred stock and warrants, while Fulton Financial received 376.5 million. Details show 34 private banks now funded, with 162 billion invested across 207 banks and 250 billion reserved for direct bank investments.
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Washington
Treasury Department
Buffalo
N.Y
Fulton Financial Corp
Lancaster
Financial Rescue Program
The
Treasury
Department
Mavericks owner Cuban buys stake in Carmike Cinemas
Mark Cuban, Dallas Mavericks owner and Landmark Theatres co owner, bought 1.2 million Carmike Cinemas shares worth about 2.8 million dollars, giving a 9.4 percent stake. The move comes amid ongoing SEC insider trading scrutiny over Mam ma.com in 2004 and potential penalties.
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NBA Mavericks
Carmike
New York
Mark Cuban
Dallas Mavericks
Landmark Theaters
Carmike Cinemas Inc
Securities and Exchange Commission
Cuban
Edgewood Rd
National Basketball Association
Mamma.com Inc
SEC
Mamma.com
Copernic
Wagner
Yahoo
Wagner/Cuban
Magnolia Pictures
2929 Productions
Hdnet
Hdnet Movies
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