Payments detailed in implant lawsuit

Article Abstract:

Dow Corning gave specific proposals for a $3.2-billion settlement on the class-action action lawsuit brought by as many as 700,000 women against the firm's implant product. The women alleged that medical problems resulted from the silicone get breast implants manufactured by Dow. The plaintiffs would be entitled to benefits of as much as $300,000 in a tentative agreement that was allowed by US Bankruptcy Judge Arthur Spector. Dow Corning outlined the terms as part of a reorganization plan it has submitted since going under bankruptcy protection in 1995.

Comment:

Gives specific proposals for a $3.2-billion settlement on the class-action action lawsuit brought against its implant product

Government regulation (cont), Surgical Appliance and Supplies Manufacturing, Surgical & Radioactive Implants, Dow Corning Corp., Prostheses and implants, Article

---

No reasons for smiles, save hope and Internet

Article Abstract:

Friedman, Billings, Ramsey Group is riding on the Internet boom in an effort to transform itself as a major investment banking group. The company's Website, fbr.com, currently specializes in offering initial public offering to small investors. The narrow focus has helped the company become the industry's dollar-volume leader of IPOs during the first quarter of 1998, overtaking venerable Wall Street investment bankers Goldman Sachs, J.P. Morgan and Morgan Stanley.

Investment Banking and Securities Dealing, Strategy & planning, Investment Banking, Friedman, Billings, Ramsey Group

---

Iraq work puts Bechtel in spotlight; private contractor juggles restoration with controversy

Article Abstract:

Bechtel Group Inc. is overseeing multitudes of subcontractors working to restore buildings and infrastructure in Iraq. Bechtel obtained the contract by bidding on it, but the company is working to counter many complaints.

Construction, Foreign operations, Engineering Services, Engineering & Architectural Svcs, Engineering & Architectural Services, Iraq, Construction industry, Bechtel Corp.

Similar abstracts:

• Abstracts: Ottawa plans to scatter seed money for startups. Rural companies hungry for high-speed Internet. Startups sweat for cash
• Abstracts: Yellow Pages plans to maintain payout. Thomson eyes Asia for expansion
• Abstracts: MTS-Allstream deal angers some investors. MTS: Press 1 now for expansion. Bell to sell Certen stake to Amdocs
• Abstracts: Icahn withdraws buyback offer for Philip debt. U.S. rates hold at 45-year low. U.S. rate cut likely on hold
• Abstracts: Union drive begins at WestJet. Miles Nadal aims for high road in building ad empire

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.