Category Archives: Business Law

Information about legal issues affecting small businesses, including big business. The latest news, videos, and discussion topics on Legal Issues involving business and money.

Trump administration plans to require drug companies to include prices in ads

BY JESSIE HELLMANN AND NATHANIEL WEIXEL – 

Drug companies would be required to list prices in advertisements under a Trump administration proposal released Monday.

Under the new proposal, which was announced by Health and Human Services Secretary Alex Azar, drug manufacturers would need to state the list price of a 30-day supply of any drug that is covered through Medicare and Medicaid and costs at least $35 a month.

The plan is the boldest step the administration has taken to date as part of its efforts to bring down drug prices, and puts the administration squarely at odds with the powerful prescription drug lobby.

“Patients deserve to know what a given drug will cost when they’re being told about the benefits and risks it may have,” Azar said during a speech Monday in Washington, D.C.

“And they deserve to know when a drug company has pushed its prices to abusive levels, and they deserve to know this every time they see a drug advertised to them on TV.”

The proposal will be officially published Wednesday, and will be open for public comment for 60 days.

According to HHS, the 10 most commonly advertised drugs have list prices ranging from $535 to $11,000 per month for a usual course of therapy. Under the proposal, companies would be required to post that information in clear, legible text onscreen at the end of the ad.

HHS officials said the agency will publish a list of companies that don’t comply with the policy. Those companies would also be subject to potential litigation, officials said during a press call.

The pharmaceutical industry opposes the proposal, arguing it would confuse consumers because a drug’s list price is often lower than what the patient will actually pay.

PhRMA, the deep-pocketed trade group representing pharmaceutical companies in the U.S., tried getting ahead of Azar’s announcement, telling reporters Monday morning that its members would begin directing patients to more information about drug costs in television ads.

Every ad mentioning a prescription drug by name will include a voiceover or text telling patients to go to a company-sponsored website where they can find information about the list price, as well as a range of potential out-of-pocket costs and potential patient assistance. 

“We want patients to have more cost information and support using direct-to-consumer advertising,” said PhRMA President Steven Ubl, but “just including list prices is not sufficient and would be misleading.”

Azar acknowledged PhRMA’s plan in his speech Monday afternoon, but said it doesn’t go far enough. 

Full Read – https://thehill.com/policy/healthcare/411505-trump-administration-to-require-drug-companies-include-prices-in-ads

Farrah Abraham Threatened with Multi-Million Dollar Lawsuit If She Bails on Celebrity Boxing Match

November 03, 2018 01:08 AM

Farrah Abraham may face legal action if she backs out of a celebrity boxing match.

The former Teen Mom OG star is scheduled to go head-to-head against Flavor of Love alum Nicole “Hoopz” Alexander during the match set for Nov. 10 in Atlantic City.

While she confirmed to PEOPLE on Friday that she is still planning to participate in the event, she asserted that the promoters who organized it “are in breach” of contract.

“They have not gotten flights or delivered on contractual obligations as well as safety,” said Abraham, 27.

According to The Blast, promoters Damon Feldman, Samantha Goldberg and their attorney, Tony List, are threatening to sue for millions if she bails on the event. They also said that they met all of her demands and that as of now, the fight is still on.

The report states that first class plane tickets have allegedly been purchased for Abraham and her 9-year-old daughter Sophia, and that she has been paid half the money she’s owed up front.

Full Read – https://people.com/tv/farrah-abraham-threatened-to-be-sued-celebrity-boxing-match/

Ex-Bodyguards Sue Johnny Depp for Unpaid Wages

The bodyguards filed a lawsuit on Tuesday against Depp for a variety of charges, including unpaid wages, missing overtime, wrongful termination and unlawful business practices, E! News stated. The men said they were exposed to unsafe working conditions and that they acted more like babysitters and chauffers than security to Depp and his family and friends.

The plaintiffs, Eugene Arreola and Miguel Sanchez, said that one of their main duties was to protect Depp from his own vices and that the job was more about caretaking than protecting the actor from the public.

The lawsuit said that Arreola and Sanchez were originally hired to protect Depp through Premier Group International, but they began work for the actor directly in 2016, the year that his financial problems began to escalate. They said that while working as his in-house security from May 2016 to January 2018 they were not given overtime pay or breaks during their 12-hour shifts.

Full Read – https://www.jdjournal.com/2018/05/02/ex-bodyguards-sue-johnny-depp-for-unpaid-wages/

Cartel gangster ‘The Stew Maker’ dissolved as many as 650 people in ACID

A CARTEL gangster is believed to have dissolved as many as 650 people in acid after a mass grave was discovered in Mexico.

Thousands of fragments of bone have uncovered by cops believed to belong the victims of the gangster nicknamed El Pozolero – the Stew Maker.

Real name Santiago Meza Lopez, he was first captured in 2009 and confessed to helping the Sinaloa cartel get ride of bodies.

Hundreds of people disappear every year as cartel wage bloody war with each other over the drug trade in Mexico.

Lopez is believed to have operated at a farm known as the Chicken Coop in the city of Tijuana near the border with the US.

There he used used acid in barrels to dissolve human remains on orders from the cartel.

Full Read – https://www.dailystar.co.uk/news/world-news/690954/mexico-drug-cartel-gangster-murder-bodies-dissolved-acid-stew-maker-Sinaloa