Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Is it me or do US judges, lawyers and Ambulance chasers always pick on foreign companies mainly to suck dry with their fraudulent and excessive claims ?.Its BP mark 2 all over , do you give in to all the fraudulent claims to protect company reputation and share price or fight for years and years which hangs on the share price as well.GSK share holders cant win either way and the lawyers win what ever . Some American firm is trying to bring class actions against RIO now looking for rent a crowd witnesses , Lloyds and other banks are being had over again by legal firms claiming car buyers did not read or know what interest rates they were signing up to in their loans etc etc its laughable if it wasn't so serious to the SP. I agree there must be some people who rightly should have a claim against any company but the massive industrial scale class action witch hunts which are being allowed by courts to make £billions pounds for law firms must and should be stopped .If you promise people free money they will agree to play the fraudulent games of these law firms.
How much could it cost? In May 2024, Johnson & Johnson (J&J) announced a $6.48 Billion talc settlement proposal for the thousands of lawsuits that claim the company's baby powder and talc products cause ovarian cancer. Nearly 60,000 talc-related lawsuits have been filed against Johnson & Johnson, with around 99% involving ovarian cancer.
Its ironic that the share price has fallen today considering there are 2, not 1 RNS announcements. One shows GSK to be developing, so far successfully, a life changing medication against that scourge of the Western world that is cancer. The other is a court case brought by ambulance chasing lawyers to further the cause of their own wealth by persuading gimme gimme gimme claimants to make dubious claims in the hope of some free cash. I assume they would be happy to to kill off GSK and lose their massive contribution to life expectancy that they provide. Funny old world.
Johnpwh
Kind of glad now I sold half my GSK couple of weeks ago to fund my NG rights issue.
It’s funny how it works out ( sometimes)
Another great RNS about Rectal Cancer
Hesham Abdullah, Senior Vice President, Global Head Oncology, R&D, GSK, said: "The data showing no evidence of disease in 42 patients is remarkable. These results bring us one step closer to understanding the potential of dostarlimab in this curative-intent setting for patients with dMMR locally advanced rectal cancer. We look forward to evaluating dostarlimab in certain colorectal cancers in our ongoing AZUR-1 and AZUR-2 registrational studies.
BAYER'S gylcophosphate hebicide ROUNDUP, which has been around for over 50 years used on a large scale and deemed totally safe, showed a weak link to cancer from mice studies in 1 study. They could not replocate the results in rats.
Although the evidence was basically non-existant, an expert witness proved crucial to say he thought there was a link to a type of human blood cancer. (https://cllsociety.org/2023/04/toxic-exposure-does-exposure-to-roundup-cause-cll-sll-and-other-lymphoma/) - with that judgement the flood gates opened.
Some individuals, not even a class action were awarded billions. The claims have been never ending for such a popular product. BAYER stock did nothing but slowly fall from 120 in 2015, over a protracted period of years, less than a decade later it's 26 Euros.
Shareholders minimised or dismissed the threat of serious US legal liabilities from a popular product which is over 50 years old and had passed as safe all known tests to science.
Although BAYER is still just about in business the legal liabilities have crushed the iconic 160 year old company. Net debt is now an unbelievable 15 times operating earnings and trapped shareholders have seen years and years of losses as the drama unfolded - what was deemed a nonsense claim easily dismissed in 2015, snowballed into a monster of billions in compensation and thousands of claims, each year the story getting worse and worse.
Escalating mountains of legal claims out of molehills is a very real danger of the US legal system.
Compensation culture in the western world has gone mad.
Fire fighters 100 in total £20 million for just doing their job.
£4.6 million pay out for councillor for just doing her job.
All too traumatised to work again. All related to Grendfell Towers.
I have been on Zantac for years now I am forced onto other drugs that will be more risk of side effects than Zantac.
Where is my compensation?