SEC Orders Blockchain Company to Pay $24 Million Penalty for Unregistered ICO

The Securities and Exchange Commission today announced settled charges against blockchain technology company Block.one for conducting an unregistered initial coin offering of digital tokens (ICO) that raised the equivalent of several billion dollars over approximately one year.  The company agreed to settle the charges by paying a $24 million civil penalty. read more »

CFTC Orders Chicago Trading Firm and Its Co-Founder to Pay $2.5 Million in Penalties for Spoofing and Manipulative Trading Scheme

The U.S. Commodity Futures Trading Commission announced today the filing and settling of enforcement actions against Hard Eight Futures, LLC and Igor Chernomzav for spoofing – bidding or offering with the intent to cancel the bid or offer before execution – and for engaging in a manipulative and deceptive trading scheme.

“This case is about maintaining fair markets,” said CFTC Director of Enforcement James McDonald.  “Market integrity in today’s electronically traded markets starts with making sure bids and offers represent real buying and selling interest, not fake order flow intended to manipulate other market participants.” read more »

Zantac Pulled From Shelves by Walgreens, Rite Aid and CVS Over Carcinogen Fears

The pharmacy chains are pulling the heartburn medication from shelves after the Food and Drug Administration warned that it had detected low levels of a cancer-causing chemical in samples of the drug.

The pharmacy chains Walgreens, Rite Aid and CVS have moved to stop selling the heartburn medicine Zantac and its generic versions after the Food and Drug Administration warned this month that it had detected low levels of a cancer-causing chemical in samples of the drug. read more »

Johnson & Johnson settles for $20m in Ohio to avoid opioids crisis trial

Settlement with two Ohio counties comes a month after Oklahoma judge ordered company to pay $752m to that state

Pharmaceutical and baby products giant Johnson & Johnson has announced it has reached an agreement worth just over $20m with two Ohio counties, becoming the latest company to settle a lawsuit to get out of the first federal trial over the nation’s opioids crisis. read more »