Tag Archives: lawsuit

Teva faces $100M lawsuit from Israel over unpaid Copaxone royalties: report

Teva Pharmaceuticals’ big-selling multiple sclerosis drug Copaxone is losing ground in the U.S. thanks to generics, but the medicine was once the company’s primary growth driver. Now, it’s at the center of a lawsuit filed by the state of Israel over alleged unpaid royalties.

Israel has sued Teva for $100 million in royalties on the longer-lasting version of the medicine, Globes reports. While Teva owns Copaxone marketing rights, scientists at the Weizmann Institute of Science developed the medicine, the publication reports. 

When the original daily version, first approved in the U.S. in 1996, neared its patent expiration, the company switched its efforts to a longer-acting version. In its lawsuit, Israel claims government scientists at the Weizmann Institute developed the long-acting version as well, so it’s owed royalties.

“The state has no alternative but to take legal action against Teva to ensure that it receives suitable remuneration for using public resources that brought Teva very large scale revenue,” the suit says, according to Globes. 

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Boca Raton law firm sues Chinese government over handling of coronavirus

The Berman Law Group filed a class action federal lawsuit against the People’s Republic of China and several other Chinese government entities, alleging they mishandled the outbreak of COVID-19.

According to the law group, the lawsuit accuses the Chinese government of failing to contain the virus and allowing it to spread globally, causing it to become a costly global pandemic.

The law group is backed by big names such as Frank Biden, Joe Biden’s brother, and former Sen. Joseph Abruzzo.

The suit names five plaintiffs, none of whom have the virus, but who say they were adversely impacted by the outbreak. The Berman Group, a Boca Raton-based law firm representing the five plaintiffs, say they’ve received dozens of calls from others looking to be added to the complaint since filing.

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Airbnb threatens to sue New York if governor signs new law curtailing its service

Airbnb says a bill that would outlaw advertising short-term rentals on its platform in New York is unconstitutional and is threatening to sue the state if Governor Andrew Cuomo signs it into law.

Airbnb has been fighting an uphill battle for legal status in New York, which prohibits landlords and homeowners from renting out apartments for less than 30 days at a time. The bill to prevent advertising these rentals would essentially cripple the company’s operations in New York, which is among its most lucrative markets.

In a letter to Cuomo and other state leaders, Airbnb outlines the legal action it says it would be forced take should the governor sign the bill, AB 8704-C, into law. “As this unlawful bill would impose real harm on our community, out of respect for the process and to inform your considerations, we want to formally notify the State that if it is signed into law by Governor Cuomo, Airbnb would have no choice but to immediately file suit against the State of New York and ask a court to declare the statute invalid and unenforceable as well as to award any damages and fees as appropriate,” Rob Chesnut, general counsel of Airbnb, writes in the letter.

“AIRBNB WANTS TO BE CLEAR THAT IT DOES SO MORE IN SADNESS THAN IN ANGER”

Chesnut adds, “In making such a formal notification, Airbnb wants to be clear that it does so more in sadness than in anger, as the company believes that there are clearly available lawful alternative legislative options to meet legitimate policy objectives while still protecting the right of everyday New Yorkers to share the homes they live in order to help make ends meet.”

Airbnb has been accused of exacerbating New York’s housing crisis by housing advocates, the state’s powerful hotel union, and members of the state legislature and New York City Council. Some unscrupulous landlords have been known to push out their tenants, many of them low-income, so they can turn their apartments into illegal hotels, which they advertise on Airbnb.

Last year, the New York attorney general released a report that found that from 2010 through early June of 2014, $168.3 million, or 37 percent percent of revenue generated by Airbnb hosts, came from hosts with three or more listings.

Full Article – http://www.theverge.com/2016/9/7/12834606/airbnb-threatens-lawsuit-new-york-governor-cuomo-law