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  • Investors in Auction Rate, Rate the Truth
    Feb-28-09 New York, NY It may have been a year or more since the bottom dropped out of the auction rate securities market , but lawsuits tied to auction rate securities are continuing. Apparently investors who were sold products hailed as "good-as-cash" did not rate the truth on auction rate. And the stories—especially in light of the current cold and hard ec...
  • A Stock Option Contract Should Be Honored
    Feb-1-09 New York, NY A billion dollars is a lot of money. $1.5 billion is even more. And when one thinks of the losses incurred by employees with their employee stock options , little wonder that so many are seeking the advice of an attorney for help from ERISA law. The worsening recession, and the contracting economy are bad enough. Substantial losses in an em...
  • Software Glitches a Danger to Veterans
    Jan-15-09 Washington, DC An investigation relating to glitches in the electronic medical records of the nation's veterans has uncovered the potential for incorrect VA drug doses and other veteran drug doses at many veteran hospitals. While it has not been proven if any patient was ever harmed as a result of the error, the revelation is troubling in light of a nati...
  • Victoria Biks and Marjorie Venturella Social Security Fraud Settlement
    Madison, WI: (Aug-08-07) A federal lawsuit was brought against Victoria Biks, 44, and Marjorie Venturella, 69, a mother and daughter team, accusing them of engaging in a 20-year-long scheme to defraud state, local and federal social service agencies out of $280,000. Biks and Venturella were indicted last year with 30 counts of Social Security fraud and two...
  • LawyersandSettlements.com Releases Its Top 10 Legal News Topics For 2014
    Dec-30-14 Santa Cruz, CA (PRWEB) (December 29, 2014) Pharmaceutical drugs and devices continued to be some of the most popular legal news topics at LawyersandSettlements.com during 2014. This year, anti-coagulants, testosterone, the GM ignition switch recall (airbags) and recalled hip replacements top the list of popular legal topics and lawsuit news at the legal ne...
  • The Colony Apartment Negligent Security Wrongful Death Settlement
    Miami, FL: (May-22-07) Bryan Pata was murdered at his home at The Colony Apartment in Kendall at about 7:15 pm on November 7, 2006. The former University of Miami defensive lineman, returned home, parked in his designated space and walked toward the steps leading to his second-story apartment when he was shot and killed. Negligent security charges against...
  • Tri-S Security Corp. Selling Shareholders Settlement
    Atlanta, GA: (May-22-07) The former selling shareholders of Paragon Systems, Inc. filed charges against Tri-S Security Corp., a provider of security services and equipment for government and private entities. In a settlement reached, Tri-S paid $50,000 to the selling shareholders and will issue 35,000 shares of Tri-S common stock to shareholders no later t...
  • ERISA Lawsuit Nets Nearly $9.4 Million for Plan Participants
    Feb-10-22 St. Paul, MN The U.S. Department of Labor has announced an agreement to settle Walsh v. Reliance Trust Co. that will restore nearly $9.4 million to participants in the Kurt Manufacturing Company Employee Stock Ownership Plan (ESOP). The ERISA lawsuit alleged that plan fiduciaries caused the ESOP to buy all the outstanding company stock for nearly $10...
  • Bank of America Breached Customer Contracts, Charging Overdraft Fees on Non-Recurring Transactions
    Feb-5-20 New York, NY Cockrom v. Bank of America alleges that Bank of America (BofA) charged overdraft fees on everyday one-time purchases, like a cup of coffee or a tank of gas, even when its deposit agreements promised that overdraft fees would be levied only on recurring transactions, such as a mortgage payments. This is a new twist on bank overdraft fee la...
  • Home Depot Retirement Fund Holders Get Second Chance in Court
    Aug-19-08 Atlanta, GA Former Home Depot employees get a second chance at recovering losses to their ERISA portfolios after a federal appellation court reversed a dismissal of their lawsuit. Several lawsuits have been filed against Home Depot's former CEO and retirement plan management for the imprudent investment of employee retirement funds . . On July 31,...
  • E-Cigarette Lawsuit Claims Deceptive Advertising, Fraud
    Jan-20-20 Eugene, OR Among other e-cigarette side effects , Kewmarse Imani, who began JUULing in 2018, is now addicted to nicotine and will struggle with that addiction for life. Imani v. JUUL Labs, Inc. and Altria Group, Inc. , a class action lawsuit , claims that his nicotine addiction is the result of a permanent injury to his developing brain and that he suff...
  • U.S. Supreme Court to Hear Oral Arguments in ERISA Breach of Fiduciary Duty Lawsuit
    Jan-10-20 Washington, DC On January 13, the U.S. Supreme Court will hear oral arguments in Thole v. U.S. Bank, NA , an ERISA lawsuit (ERISA) that has major implications for the rights of participants and beneficiaries to sue plan sponsors under the basic legal framework of ERISA. The defendant plan sponsor will argue that the plaintiff retirees have no standing...
  • Attorney Jay Edelson on New Technology Class Action
    May-29-08 Chicago, IL: Jay Edelson, a managing partner at KamberEdelson, LLC , says that "new technology class actions" differentiate KamberEdelson from other class action law firms. "It's a field unto itself," Edelson says. "It can include things like security breaches, text messaging slam cases, Internet fraud, and unauthorized mobile phone content charges." That...
  • Lehman Brothers Employee Savings Plan Losses
    There is an investigation of potential claims against Lehman Brothers Holdings ("Lehman Brothers" or the "Company") (NYSE: LEH) for violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). Lehman Brothers ERISA Investigation The investigation involves investments in the Lehman Brothers Savings Plan (the "Plan...
  • Secure Computer Anti-Spyware Settlement
    Seattle, WA: Washington State Attorney General Rob McKenna filed a lawsuit against the company for allegedly deceiving consumers into buying its anti-spyware software, called Spyware Cleaner. The lawsuit was filed in Seattle District Court and claimed Secure Computer violated the state's anti-spyware act by misrepresenting security problems to get consu...
  • Multistate Forced-Placed Insurance Class Action to Go Ahead
    Aug-15-14 San Francisco, CA A broad Lender insurance class action that spans 40 different states was given the go-ahead earlier this summer by a US Magistrate. The now-certified class-action lawsuit alleges US Bank benefited from kickbacks by placing lenders insurance through American Security Insurance Co. (ASIC). Plaintiffs claim the insurance was also expensi...
  • Stock Options: Honesty and Deception Filter Down from the Top
    Mar-31-08 New York, NY One needs only to pick up the paper on any given day to read about yet another highly-paid corporate player having his or her way with the system, by thumbing a nose at securities law and manipulating stock options to improve yield and reduce tax. For this reason, any employee of any company who participates in, or has stock options through...
  • Proposed Class-Action California Overtime Lawsuit v. The Gap Will Continue
    Jul-31-14 Sacramento, CA The defendant in a proposed overtime pay lawsuit alleging various affronts to California employment statutes tried to quash the proceedings. But while the judge extended a few small olive branches to The Gap Inc. (The Gap, Gap), the ruling overall went in favor of the plaintiffs. To wit, the judge left more than just a gap for the lea...
  • Wachovia 401(k) Investors: Who's Watching Out for You?
    Feb-4-08 Charlotte, NC: You could forgive yourself for putting your trust—and your money—into an institution that suggests it's gonna 'watch-over-ya.' How can it not, with a name like Wachovia ? However, the opposite could be true as investors are watching Wachovia take a hit from the nation's credit crisis, and almost certain corresponding losses in...
  • Unum and Its Internal Appeals Process
    Jun-3-14 Dallas, TX Lydia was diagnosed with fibromyalgia and applied for long-term disability benefits through Unum, or Unum Provident , her health insurance provider. She received benefits for a year before Unum abruptly cut her off, without warning. “My Unum representative told me that, according to Unum’s policy, they only cover one year for a...
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