Lipitor Lawsuit Claims the Drug Lowers Cholesterol, But Causes Onset of Type 2 Diabetes

The whole reason to take Lipitor is to enjoy a long and healthy future, which is why so many were shocked in 2012 when the FDA announced that the Lipitor is one of the cholesterol-reducing statins which can trigger both high blood sugar levels and Type 2 diabetes. It was only at this point that Pfizer became required to increase the severity of the warning labels attached to bottles of Lipitor, labels that did nothing to help the millions of people who had already been taking the medication as a means of controlling their cholesterol levels.

Now courts all over the United States are being inundated with Lipitor lawsuits. Following the FDA’s 2012 announcement about statin drugs, a group approached the U.S. Judicial Panel on Multidistrict Litigation and requested that Lipitor lawsuits be passed on to the District of South Carolina where they would be consolidated. A little less than a year later, Pfizer, Lipitor’s manufacture, objected to the entire lawsuit transfer process. The sheer volume of lawsuits prompted the federal government to create the Multidistrict Litigation (MDL) which has the task of handling Lipitor lawsuits. At this point, the MDL is currently sorting out more than 300 separate cases while more cases get filed in state courts all over the country.

When patients took prescription Lipitor it’s because they wanted a bright and healthy future, they didn’t expect that the very medication that lowered their blood pressure and decreased the odds of them developing heart disease was at the same time creating Type 2 diabetes, a disease that creates serious and difficult to treat health problems. Had the individuals who took Lipitor prior to 2012 known what we know now, they could have taken precautions, including carefully monitoring their blood glucose to determine if they were at risk for developing Type 2 diabetes. Many believe that Pfizer was negligent in not making sure the public was properly informed, which is why so many Lipitor lawsuits have been filed in recent years. More often than not, the plaintiff in these cases have been awarded a substantial settlement to help with punitive damages.

Type 2 diabetes represents a serious health risk and can seriously lower an individual’s quality of life. Not only will the individual have to carefully monitor their blood glucose levels for the rest of their life, but it’s also likely that they will experience slower healing times and be at a greater risk of infection. Many people find that they are more susceptible to various types of health problems after they’ve developed Type 2 Diabetes. Many individuals who have been diagnosed with this form of diabetes have been forced to make intense life style changes. You can learn more at rxinjuryhelp.

If you were prescribed Lipitor prior to 2012 and have developed Type 2 Diabetes that your doctor feels was statin induced, it’s in your best interest to contact an experienced attorney and arrange for a consultation. They will walk you through the steps you need to take in order to file a Lipitor lawsuit and receive a settlement that will help cover expenses such as loss wages and medical bills.

 

 

 

 

 

 

Bringing Your Offshore Accounts Into Compliance

Since the first Offshore Voluntary Disclosure Program (OVDP) was enacted in 2009, over $7 billion has been collected from more than 50,000 disclosures. The IRS is very proud of this, of course, because it means they’ve been able to recover unpaid taxes without the costs of detailed investigation and litigation. Thanks to its popularity and continued interest, the IRS continue to keep the program open. If you have considered voluntarily disclosing information about an offshore account, meeting with a tax law attorney can help you determine how to proceed.

What is OVDP?
The Offshore Voluntary Disclosure Program allows someone who has kept an undisclosed offshore account to disclose that account without legal ramifications. Whether a taxpayer willingly or knowingly hid money in an offshore account isn’t at question, especially since the IRS knows that sometimes an offshore account is the result of a scam on an unknowing taxpayer. Regardless, it is a legal issue and there are tax implications.

What Does It Entail?
An OVDP will require that you file eight years of amended tax returns. You will then owe the government any taxes found unpaid during those eight years, plus interest and a penalty of 27.5%. It can seem like a lot, but it’s better than jail time.

Who Should Apply?
If an offshore account has been keeping you up at night, you may want to consider an OVDP. The IRS is not only responsible for collecting taxes, but also for investigating fraudulent returns and loopholes. They can pursue these matters in court. By offering OVDP, they are effectively offering a workaround for those who fear jail time if discovered—even if their participation was unintentional.

Other Programs
OVDP is not the right program for every taxpayer. Just like the IRS has various forms for different situations, they also have different programs. A trustworthy tax law attorney can help steer you towards the right program for you and the IRS, helping you settle your tax burden. Domestic Tax Evasion Amnesty and Foreign Tax Evasion Amnesty programs are available and may be better suited for your situation.

A knowledgeable tax relief law firm will help you navigate the murky waters of tax law. Using their in depth knowledge of the tax code, a tax law attorney will help you deal with the IRS through a stressful time. They can help you better understand OVDP and counsel you through the process.

Some tax relief law firms specialize in OVDP and are especially suited to help taxpayers, even if they are living abroad. They understand the stress and anxiety that can result from dealing with the IRS and focus on creating a judgment-free zone to help their clients through a difficult time. As always, the best way to understand your options when it comes to OVDP is to make an appointment for a consultation with a tax law attorney. As with any legal issue, it is best to deal with tax issues as soon as possible.