Johnson & Johnson has been ordered to pay nearly $4.7bn in damages to 22 women who claim the company’s talcum powder contributed to them developing ovarian cancer (six of whom have died from ovarian cancer)

https://www.theguardian.com/business/2018/jul/13/johnson-johnson-ordered-to-pay-47bn-in-talc-powder-claim?CMP=twt_gu Mark Lanier, the lead counsel for the women, six of whom have died from ovarian cancer, said Johnson & Johnson had covered up evidence of asbestos in its products for more than 40 years. After a six-week trial at …

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Firm that Audits the Fed’s Financial Statements Hit with $625 Million in Damages for Negligence in Bank-Fraud Case Brought by the FDIC

Wolf Richter wolfstreet.com, www.amazon.com/author/wolfrichter When it gets too complicated for senior auditors, send in a “college-aged intern.” For PricewaterhouseCoopers, having for years rubber-stamped as outside auditor the financial statements of Colonial Bank in Alabama is getting expensive. Colonial, the 25th …

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