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J&J wins reversal of $417mn talc verdict

Bloomberg Johnson & Johnson got a $417 million jury verdict thrown out after a California judge agreed the company didn’t have a duty to warn a woman who has since died that its Baby Powder could cause ovarian cancer. The ruling erased the fourth-largest US jury award of the year. It follows a Missouri appeals court’s ruling earlier in the ...

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BMW office raided in EU car collusion probe

Bloomberg BMW AG said it was raided by European Union antitrust watchdogs as the EU ramped up a probe into the German car industry following reports that carmakers colluded on technology for decades. News of the search marks the latest development in a probe sparked earlier this year. Daimler AG reported a possible cartel as part of the EU’s leniency ...

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US realtors go on $11mn lobby spree

Bloomberg Washington’s most powerful trade associations spent more than $30 million on lobbying in the third quarter as Congress ramped up efforts to overhaul of the US tax code. Real estate groups were among those spending heavily, according to lobbying disclosures released for three months. The National Association of Realtors, among Washington’s biggest spenders, doled out $11.1 million during the ...

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