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Sort by date 1,824 pages found matching bank of america- Defunct Company Sued for ERISA Plan Violation
May-11-11 Grand Rapids, MI The US Department of Labor (DOL) has initiated a lawsuit against a failed metal processing company in an effort to recover more than $16,000 in ERISA plan contributions owed to a collection of employees. The DOL launched the lawsuit to ensure the missing contributions don't wind up as a write-off during bankruptcy proceedings. The... - Recovering Money Lost to Financial Elder Abuse
Nov-28-08 Beverly Hills, CA If you suspect you or someone you love has been a victim of financial elder abuse it may be a good idea to contact a lawyer to determine what can be done; usually the sooner you contact a lawyer the better. That's because in some cases of financial elder abuse, the abuser takes the victim's money and spends it, leaving nothing for recov... - A Tale of Two Contracts
Oct-14-08 Hollywood, CA Like any grade-school promise, commercial contracts are just that—a legal pledge, or a guarantee that a promised service will be carried out. A commercial contact is a covenant, and when it is breached commercial contract law comes into play. Sometimes those breaches can make for salacious headlines, especially when well-known celebrit... - SEC Enforcement Boosts Settlement Value: Study
Mar-16-11 New York, NY One small, but persistent ray of sunshine in an otherwise bleak oversight culture in this country is the Securities and Exchange Commission (SEC), which continues to watch over the investment and financial traffic in the US as resources will allow. A sign that the SEC is effective, according to a yearly study undertaken by Cornerstone Research... - Copyright Infringement: Cut, Pasted and Pirated.
Jul-26-08 Charles Town, WV Copyright infringement is the new blue-collar crime, and the Internet is the new frontier for posting, displaying, downloading and using things that belong to someone else. Copyright is a form of ownership, after all. Not unlike the way you own a car, or a piece of real estate. The bank may be on title so long as you hold a mortgage o... - Auction Rate Securities: UBS Commits "Flagrant Breach of Trust"
Jul-25-08 New York, NY If you needed any further proof that companies have been up to illegal activity regarding auction rate securities, this should finally convince you. New York State has filed a lawsuit against Swiss bank UBS AG, accusing the company of misleading clients by falsely selling auction rate securities as cash equivalents. According to the lawsuit,... - Auditor Whistleblower vs. PricewaterhouseCoopers
May-7-21 San Francisco, CA Former senior manager of PricewaterhouseCoopers claims he was fired in retaliation for a whistleblower claim he made to the U.S. Securities and Exchange Commission (SEC). Mauro Botta was an auditor at the behemoth auditing company for almost two decades until he was fired in 2017. Whistleblower Allegations Botta filed the whistleb... - Hedge Funds and Mortgage Fraud
Jul-18-08 Palm Beach, FL Unscrupulous hedge fund managers and other financial advisors should be very nervous. Recent news has been filled with reports of indictments, lawsuits and arbitration cases against advisors who used their role for their own gain rather than for the benefit of their clients. More and more frequently, investors are holding their advisors ac... - Auction-Rate Securities: Investors Led Down the Garden Path
Jul-16-08 New York, NY If the auction-rate securities debacle taught us anything, it is that Grandma was right all along: the safest place for your money is in your mattress. Sure, you don't earn anything from it. But you don't lose it, either—as scores of investors found out the hard way after the sudden and spectacular collapse of the auction-rate securities m... - RBC Auction Rate Securities: Canada's Largest Bank Hit with Class Action Lawsuit
Jun-2-08 New York, NY The implosion of the auction rate securities market has caught up with Canada's largest bank, after Royal Bank of Canada (RBC) was hit with a potential class-action lawsuit that has been filed in New York. The allegation is that RBC conveyed to its clients the assurance that auction rate securities were safe, short-term opportunities for... - Auction Rate Securities: From Boom to Bust…to Broke?
May-29-08 Washington, DC: While it may have occurred well before the market for auction rate securities turned to dust, alleged misdeeds by a major brokerage firm has resulted in a settlement with the Securities Exchange Commission (SEC). First Southwest has agreed to compensate the SEC $150,000 to settle charges that the firm had allegedly engaged in various a... - Destroy vs. Preserve Philips CPAP Sleep Machine Evidence
Dec-7-21 Philadelphia, PA In response to a federal court order requiring Philips RS North America to preserve evidence for a multidistrict litigation, the company says it hinders the recall and repairs of its defective CPAP sleep machines , as per the FDA’s order. But plaintiffs say Philips proposes to destroy evidence—defective sound-dampening f... - Auction-rate Securities: What They Are, and Why You Should Call Your Lawyer
Apr-10-08 New York, NY An investment product often touted as completely liquid and as good as cash is proving to be anything but in a slowing economy, leaving many desperate investors high and dry, and without access to their funds. Auction-rate securities , it turns out, are in reality not akin to cash and the fine print, it has been reported, duly points that out... - Twenty-One Arrested in Securities Fraud Ring
Apr-1-08 Trenton, NJ: Twenty-one people have been arrested because of their connection to a securities fraud ring that netted approximately $50 million by scamming investors. The New Jersey State Attorney General Anne Milgram said the scheme was operating from Miami, Florida and Sao Paulo Brazil and was using the securities market in New Jersey to conduct their s... - ATM Financial Files Bankruptcy Amid Fraud Accusations
Feb-17-08 Wake County, FL: A Garner Company named ATM Financial, has decided to file for bankruptcy amid last week's accusations that the company committed fraud against one of its clients. The Tuesday bankruptcy filing in Florida's federal bankruptcy court is in an effort for the company to use Chapter 11 bankruptcy to reorganize its debts. In the filing, ATM... - Bank Conspired with own Customers in Scheme
Feb-13-08 Lancaster, PA: In a conspiracy that involved the officers, employees, and some customers of Sterling Financial, an internal investigation has uncovered that the fraudulent scheme cost the financial institution $200 million. Also investigating the scheme are the Securities and Exchange Commission as well as the U.S. Attorney's office in one of the biggest b... - Settlement Approved in Countrywide Identity Theft Suit
Aug-28-10 Louisville, KY A settlement in a suit concerning identity theft between Countrywide Financial Corp. and 17 million of its customers received final approval from a federal judge. The 17 million people included anyone who obtained a mortgage from Countrywide or had the company service a mortgage before July 1, 2008, according to the Associated Press... - Countrywide Financial Executives Faces Securities Fraud Allegations
Aug-26-10 Los Angeles, CA Formerly one of the largest mortgage lenders in the US, Countrywide Financial now faces allegations of securities fraud on the part of some of the lender's executives. Allegations made in the securities fraud litigation include that investors were misled by Countrywide executives. Meanwhile, other lawsuits alleging securities fraud and... - Wealthy Brothers Charged in Alleged Securities and Stockbroker Fraud
Aug-4-10 Washington, DC Two billionaire brothers and others within their influential circle in Dallas have been brought up on charges of securities fraud by the Securities and Exchange Commission (SEC), according to the 7/30/10 edition of the New York Times. Samuel and Charles Wyly, who are reportedly worth billions of dollars together, were charged on July... - Yet Another Unum Lawsuit Seeks Damages, Back Payments
Sep-14-12 Pittston, PA Yet another Unum lawsuit has been filed alleging unfair practices and denial of benefits by an insurer known for chronic denials, according to details of an action filed August 31 in the United States District Court for the Middle District of Pennsylvania. Plaintiff in the case is Joseph J. Costello DPM, a licensed podiatrist whom, the...