Professional negligence claims in the UK are on the rise – in a big way according to reports.

Legal Business reports that High Court cases against firms have tripled since last year, showing an increase of 192 per cent.

City litigators say the sharp increase is primarily a result of the time limit looming for pursuing negligence claims arising from losses sustained during the 2008 financial crisis, as well as the increased prominence and availability of third-party litigation funding.

Generally regarded by the market as a highly emotive form of litigation, parties have six years from the date of the alleged negligence in which to bring a claim to court. As is traditional with liability cases, many claims filed in the last year involved property and conveyancing disputes, and subprime mortgage lenders make up a substantial percentage of claimants.

Stephenson Harwood senior partner and commercial litigator Ronald Foord says: ‘We’re slightly more than six years in from Lehman – which is engraved on everybody’s heart. People who want to pursue potential claims and haven’t done so for whatever reason have had to get off the fence and put their money where their mouth is. Whether all those claims will go anywhere is open to doubt. Some may not even get served.’

Read more at Legal Business

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Pharmaceutical giants Merck have agreed to pay $8.4 billion for Cubist Pharmaceuticals in a major deal that sees the giant drug company move more deeply into the antibiotic area, including its focus upon diseases like diabetes.

The move has been a response to more interest in some areas such as vaccinces, diabetes and oncology and is also a response to Mercks aging portfolio of big selling drugs. The growing diabetes issue has stimulated further interest in this market as diabetes treatments and drugs are being developed by various companies and as Merck’s Januvia treatment is not growing as fast as previously.

Fox News are also reporting that the KE diet, also known as the feeding tube diet may in fact be the anser to those suffering type 2 diabetes.

The diet has been controversial since being introduced in 2011 and involves a feeding tube with an electric pump that is inserted through the nose and into the esophagus.

The ‘implant’ then provides a nutritional solution through the tube 24 hours a day, allowing the patient to intake about 800 calories daily. While on the diet, individuals cannot eat anything and may only drink water, tea or black coffee. This process lasts a number of days under doctor supervision.

Dr. Spencer Berry, medical director of Medical Weight Loss Specialists in Fargo, North Dakota, told FoxNews.com that the diet safely produces dramatic weight loss in a very short period of time.

“The KE diet provides only proteins, fats and micronutrients and no carbohydrates or sugars, so your body goes into a state of deep nutritional ketosis and burns its own fat,” he said.

Berry recently conducted a study of 17 patients suffering from type 2 diabetes or in a pre-diabetic state to test his theory that the KE diet could combat the disease.