Today, the House Oversight Committee is holding an important hearing entitled "The Role of Pharmacy…
CFIF on Twitter CFIF on YouTube
House Hearing Spotlights Pharmacy Benefit Managers (PBMs) as Drivers of Higher Drug Prices

Today, the House Oversight Committee is holding an important hearing entitled "The Role of Pharmacy Benefit Managers in Prescription Drug Markets Part III:  Transparency and Accountability."

For those unfamiliar, Pharmacy Benefit Managers (PBMs) amount to middlemen that control prescription drugs for millions of Americans.  A majority of Americans receive health insurance through employer plans or government programs such as Medicare, which in turn cover prescription drugs through PBMs.  Those PBMs negotiate with drug companies and pay pharmacies, but throughout the process determine the drugs that insured patients may obtain and at what cost.

The problem is that PBMs operate in such an opaque and complex manner that they're able to inflate drug costs while claiming to be working…[more]

July 23, 2024 • 04:57 PM

Liberty Update

CFIFs latest news, commentary and alerts delivered to your inbox.
Home Jester's Courtroom Lawsuit Seeks to Wipeout Teen Entrepreneurs
Lawsuit Seeks to Wipeout Teen Entrepreneurs Print
Wednesday, December 03 2014

Two young girls in Connecticut are being sued and risk a $1 million judgment if they don't shut down their bright idea business.

Sophia Forino, 14-years-old, and her younger sister, Marissa, developed a crude prototype cloth that is a simple way to keep a smartphone or tablet clean.  “It's basically just like a microfiber cloth that I cut out and you turn it over. I put double-sided tape on it." Before filing with and receiving a trademark from the U.S. Patent and Trademark Office for their product "HypeWipes", the family conducted a Google search and paid to have an exhaustive third-party search done on domain names.

“So we're going through all the names, checking them off, and they were like, 'HypeWipes.' It was not taken; different variations of it weren't taken," Forino said.

Shortly thereafter, the girls received a threatening notice from Current Technologies Corporation of Crawfordsville, Indiana, the maker of the Hype-Wipe.

"We received an email addressed to Sophia and Marissa stating that 'We appreciate your ingenious idea and it's great to be an entrepreneur and all, but you're infringing on our product and we'd like you to stop selling it and remove it from the stores immediately, '" the girls' father, Rocco Forino, explained.

Current Technologies' product is a sealed bleach towelette called a Hype-Wipe, which is sold mainly to hospitals and companies for use as a disinfectant and cleaner.

In addition to the $1 million-dollar lawsuit, Current Technologies is demanding that HypeWipes take down its website, hand over its inventory, and it has sent letters to the girls' schools threatening to sue them if they sell HypeWipes as part of a fundraiser. Forino said he is willing to drop the name, and has already shut down the HypeWipes website, but he wants the company to sell off the $40,000 worth of remaining HypeWipes that all have the name printed on them.

“It's pretty aggressive, pretty tasteless, for a company that's not even in the same industry to attack a kid-owned company in that manner," said Forino. “It is very heavy handed. They didn't have to be as heavy handed."

According to news reports, the U.S. Patent and Trademark Office would not comment on the situation.

Source: nbcconnecticut.com
 

Notable Quote   
 
"Israeli prime minister Benjamin Netanyahu delivered a forceful message to American lawmakers during a Wednesday congressional address, saying that the Jewish state's war against Hamas and the terror group's Iranian benefactors is vital to American interests and helps protect the United States.'If you remember one thing, one thing, from the speech, remember this: Our enemies are your enemies, our…[more]
 
 
— Adam Kredo, Washington Free Beacon
 
Liberty Poll   

Given the political events of the past week, which one of the following is the most powerful Democrat in the country for the immediate future?