CourtSide - The FindLaw Breaking Legal News Blog

December 2015 Archives

Notorious pharmaceutical price manipulator Martin Shkreli and co-conspiring corporate attorney Even Greebel were arrested in New York this morning on federal securities fraud charges.

Shkreli gained worldwide infamy when his current pharmaceutical company jacked up the prices of life-saving AIDS medication by some 5,000 percent. The grand jury indictment, which you can read below, accuses Shkreli of using a former company he owned as a personal piggy bank to repay debts from other business ventures.

"Labels matter." That's what the California Supreme Court said when reinstituting a class action lawsuit regarding the accuracy of organic labels on food products. The court also said: "Misrepresentations in labeling undermine this signifying function, preventing consumers from correctly identifying the goods and services that carry the attributes they desire while also hampering honest producers' attempts to differentiate their merchandise from the competition."

The ruling allows consumers to bring unfair competition lawsuits in state court if manufacturers or sellers misuse the "organic" designation on food or produce. You can read the full decision below.