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  • Not-So-Happy Holidays with California Securities Fraud
    Dec-28-11 Orange County, CA There's nothing like a good securities fraud story at the end of the year to bring perspective to the task of wrapping everything up for the upcoming tax season. As much as we may lament the performance of our stocks and securities, at the end of the day, few of us find ourselves in the crosshairs of stock investment fraud . But some d...
  • "I Got Stung by Unum"
    Dec-27-11 Douglasville, GA Vernon, who had a kidney transplant in 1995 when he was 33 years old, just came home from dialysis where he goes three times a week, four hours a day. He is the father of six children (the youngest is seven); his wife was laid off last year and is looking for work. Times are tough: A few years ago Vernon claimed bankruptcy—he had no...
  • Lingering Radiation Levels Only One Concern with Recalled CardioGen-82
    Dec-4-11 Sarasota, FL The concern for radiation exposure in relation to the recent recall of CardioGen-82 by Italian manufacturer Bracco Diagnostics is obvious. What isn't, are the ancillary concerns—including travel across international borders—at a time when the world remains understandably vigilant with regard to terrorism. Medically, there is...
  • Cantaloupe Food Poisoning Deaths Allegedly Point to Inadequate Inspections
    Nov-29-11 Lake Forest Park, WA The cantaloupe food poisoning deaths that were allegedly caused by fruit from a Colorado farm have led many to point fingers at the inspection practices that regulators use, Bloomberg reported. According to the news outlet, the cantaloupe incident that occurred has been called one of the deadliest food outbreaks since the 1920...
  • Lehman Brothers Wins Dismissal of ERISA Plan Lawsuit
    Oct-24-11 New York, NY Lehman Brothers has won dismissal of an ERISA plan lawsuit filed by beneficiaries of the bank's employee stock plan. The plaintiffs alleged in their lawsuit that the defendants breached their fiduciary duty to people who invested in the employee stock plan, a violation of ERISA law. A judge found, however, that the plaintiffs did not su...
  • CardioGen-82 Caused Airport Lockout
    Oct-18-11 Sarasota, FL How much radiation is too much? No doubt three patients who were treated at a Sarasota Clinic earlier this year using a nuclear drug delivery device called the CardioGen-82 are asking that question after they set off airport security scanners. The first two travelers set off scanners at the US border and then it happened to a third interna...
  • $29M Preliminary Settlement Reached in 9 Walgreens California Wage & Hour Class Actions
    New York, NY: Walgreen Co. has reached a $29 million settlement of nine California wage and hour class action lawsuits, consolidated in federal court in California. The lawsuits had all alleged that Walgreens failed to provide its employees with adequate breaks, and pay them overtime for mandatory security checks. Additionally, the wage and hour l...
  • Unum Group Shares Tumble As Lawsuits Continue to Pile Up
    Oct-4-11 New York, NY In the current state of the global economy, a number of companies have taken a severe hit when it comes to the value of their stocks, but Unum Group is facing bigger problems as its shares reached a 52-week low recently. According to the Financial News Network , shares of the disability and special risk insurance provider fell to $20.2...
  • Prime Candidate for Shoulder Pain Pump Lawsuit
    Sep-14-11 Fullerton, CA Jeff has no doubt that the shoulder pain pump he woke up with after shoulder surgery is a direct result of Postarthroscopic glenohumeral chondrolysis or PAGCL: prior to arthroscopic surgery he had an MRI that showed rotator cuff tears in his tendons—no cartilage thinning or irregularities. Post-surgery, however, a CAT Scan revealed...
  • Illinois Wrongful Termination
    Illinois wrongful termination lawsuits allege Illinois employees had their rights violated when they were fired from their jobs. Although Illinois employment law allows employers to fire employees for no reason, there are situations in which a wrongful termination lawsuit could be filed against Illinois employers. Illinois At-Will Employme...
  • $4M Settlement Reached in Toys R Us Employment Class Action Lawsuit
    New York, NY: A $4 million settlement has been reached in a wage and hour class action lawsuit pending against three Toys R Us Inc stores in California. The class action lawsuit was filed in California federal court and represents some 39,000 current and former employees, who allege the retailer is in violation of California labor laws. Sp...
  • Amazon Unpaid Wages Lawsuit
    An unpaid wages lawsuit class action lawsuit has been filed against Amazon alleging the company violated Pennsylvania employment laws by failing to pay employees for all time worked for the company. The unpaid wages claim alleges employees were not properly paid for time spent waiting for a screening process at the end of their shift or prior to meal...
  • Los Angeles Times Employees Settle ERISA Plan Lawsuit
    Aug-23-11 Los Angeles, CA Employees of the Los Angeles Times have reportedly settled their lawsuit, which alleged their ERISA pension plan was used illegally. The ERISA plan lawsuit, which alleged violations of federal law, was settled with GreatBanc Trust for a reported $32 million. Plaintiffs in the ERISA benefits lawsuit claimed their employee pension plan...
  • Five Killed at Indiana State Fair
    Aug-14-11 Indianapolis, IN An outdoor concert stage collapsed at the Indiana State Fair Saturday night, killing five people and injuring more than 45, including children. Authorities said that some of the injured are in critical condition. About 12,000 attendees were evacuated from the fair grounds around 2100 local time. A safety announcement was given on st...
  • BP Looks to Have ERISA Benefits Lawsuits Dismissed
    Aug-10-11 Houston, TX British Petroleum (BP) is reportedly looking to have lawsuits filed by employees over ERISA benefits thrown out, according to the company's attorneys. Bloomberg reports that the company claims its employees should not be able to sue its retirement savings plan managers for investing too much in BP's stock because the workers themselves...
  • Unum Group Profits Increased during Second Quarter
    Aug-6-11 Chattanooga, TN Disability and life insurance provider Unum Group reported that its profit increased nearly 10 percent during the second quarter, mostly attributed to fewer investment losses than it endured last year. According to The Associated Press , the Tennessee company posted a net income of $229.8 million, at 75 cents per share, as opposed t...
  • Former New York Communications Company Accused of ERISA Benefits Violations
    Jul-21-11 Endicott, NY The US Labor Department recently filed a civil suit against former Endicott, New York-based ITS Communications Corp. and the firm's former president for alleged ERISA pension violations. According to the Press & Sun-Bulletin of Binghamton, New York, the suit accuses the company and president of collecting payroll deductions from e...
  • OSI Systems, Inc OSIS Securities Fraud
    Company: OSI Systems, Inc Ticker Symbol: OSIS Class Period: Jan-24-12 to Dec-6-13 Date Filed: Jan-10-14 Lead Plaintiff Deadline: Mar-11-14 Court: ---- Allegations: New York, NY: A securities class action lawsuit has been filed on behalf of purchasers of OSI System...
  • CIGNA ERISA Lawsuit Has Something for Everyone
    Jun-7-11 Washington, DC Depending on who you ask, the recent Supreme Court ruling involving a CIGNA ERISA plan was either good for employers, good for employees or a mixed bag for both. The Supreme Court's ruling, which had elements that favored both sides of the ERISA plan lawsuit, could have a huge impact on lawsuits involving employee stock option plans and...
  • 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...
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