The Affordable Care Act scored a major victory today as the Supreme Court upheld provisions allowing the government to provide tax subsidies for consumers who purchased insurance through the program, although their states don’t have an official insurance exchange of their own. [More]
After two years of accusations calling Herbalife a pyramid scheme, the company has won the dismissal of a lawsuit against it alleging it was set up to only enrich those few at the top of its multi-level marketing business. [More]
A California jury handed down a big decision for Toyota, saying that the car company wasn’t responsible in the 2009 crash of a Camry that accelerated out of control and killed the driver. Instead, the jury placed the blame squarely on another driver in the crash, saying it was the catalyst that set the whole accident in motion. [More]
A judge just invalidated the patents on two human genes whose mutations have been linked to breast and ovarian cancer. The genes were isolated by a biotech firm called Myriad Genetics, which argued that because it figured out how to isolate the genes outside of the human body then they were patentable. The judge called that “a ‘lawyer’s trick’ that circumvents the prohibition on the direct patenting of the DNA in our bodies.” The company sells a $3,000 cancer screening kit and has maintained a monopoly on the test because of the patents. [More]
Ameriquest originated a mortage, securitized it, and sold it. Then pretended it still owned the mortgage to a U.S. Bankruptcy Court judge. Whoops.
Mary Bach, the woman who sued Kmart for charging tax on toilet paper, has won her lawsuit and $100. Kmart offered to settle with Bach, but she declined.
The first RIAA jury trial has ended and the single mom accused of sharing 24 songs has been ordered to pay $222,000 by a jury of her peers.
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