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  • Proposed ERISA Changes Would Affect Definition of Fiduciary
    Nov-10-10 Washington, D.C. Proposed changes to ERISA (Employee Retirement Income Security Act) laws could strengthen the requirements of people who act as fiduciaries for an ERISA plan . The proposed ERISA benefits changes would increase the responsibility given to people who give advice about how an employee stock plan or employee savings plan is run, even if th...
  • Neurologist Tells Patient Reglan Caused Tardive Dyskinesia
    Oct-28-10 Phoenix, AZ Ron suffers from a rare condition called cyclic vomiting syndrome and was given Reglan for the past 10 years, until he developed symptoms similar to Parkinson's disease. Only recently did he connect the dots—his neurologist diagnosed Tardive Dyskinesia as a result of Reglan and other stomach drugs. "The tardive dyskinesia [TD] didn...
  • Kentucky Employment Lawsuit
    Kentucky employees who find themselves being treated unfairly may be eligible to file a Kentucky employment lawsuit against their employers. Among issues that may be the focus of a Kentucky employee lawsuit are failure to pay minimum wage or overtime, discrimination or wrongful termination. Kentucky Wage and Hour Laws Kentucky min...
  • Reglan Tardive Dyskinesia Mis-Diagnosed as Parkinson's Disease
    Oct-15-10 Grand Haven, MI: Diane believes she has Tardive Dyskinesia, and has retained an attorney to help in her fight against the makers of Reglan , but timing is crucial to her claim. "At first I was refused representation because I live in Michigan but my California attorney says the rules in that state are different and it looks like I can get involved in...
  • Proposed $43 Million Settlement in ERISA Plan Class Action
    Oct-13-10 Cleveland, OH Participants in an ERISA plan associated with National City Corporation (National City) will benefit from a proposed $43 million settlement in a class action lawsuit alleging those defendants responsible for administering the National City Savings and Investment Plan (Plan) breached their fiduciary duties under ERISA by making imprudent i...
  • What Really Is Behind Texas Employment Case?
    Oct-11-10 Arlington, TX A school assistant principal in Texas who exposed alleged wrongdoing in the school that employed him may wind up losing his job due to nondisclosure of his own past that included criminal citations, according to a recent United Press International (UPI) report. The situation has roiled into a Texas Employment case that will surely prove t...
  • Attorney Discusses Best Buy Overtime Settlement
    Oct-1-10 New York, NY Former and current Best Buy employees are finally getting properly compensated for overtime . "We filed a class action lawsuit in Pennsylvania and another in New York relating to Best Buy's failure to compensate their employees for hours worked," says attorney Gerald Lawrence of Lowey Dannenberg Cohen & Hart, P.C. "Best Buy has reached...
  • In Debt Thanks to Mirapex, with Time Running Out
    Sep-24-10 Chicago, IL Mirapex , a medication widely prescribed for Parkinson's, has become associated with compulsive gambling, a behavior that was was once described variously as a vice, a temptation, a human failing. But we now have a pretty good idea that certain meds can drive you to it, too. Take the story of Betty, who recently wrote into a debt blog wit...
  • Veteran Suing Military Contractor, Seeks Increase in VA Benefits
    Sep-17-10 St. Charles, MO Sometimes you don't need to take a bullet or shrapnel to be in need of VA benefits . In the case of Tim Wymore, being in the line of fire in Iraq and Afghanistan had nothing to do with munitions, guns, land mines or other explosive devices. For Wymore, it was being within close proximity to open-air burn pits that were operated on US mil...
  • Coca-Cola Faces ERISA Lawsuit
    Sep-10-10 Seattle, WA Coca-Cola faces a lawsuit filed by its employees alleging violations of ERISA plan regulations. The employees say the soft drink producer illegally canceled their benefits in violation of the Employee Retirement Income Security Act (ERISA). According to komonews.com on 8/27/10, Coca-Cola canceled the employees' health care plan one day...
  • Massive Federal Reforms Fail to Prevent Stockbroker Fraud
    Sep-4-10 Kansas City, MO The recent passage of a congressional bill that undertakes a massive overhaul of the financial regulatory system, there will likely be further incidents of stockbroker fraud due to fact that the new law does not require stockbrokers to act as fiduciaries on behalf of their clients. Writing in the Kansas City Star on 8/16/10, lawyer an...
  • Oil Rig Explodes Off Louisiana Coast
    Sep-2-10 New Orleans, LA An oil rig exploded this morning in the Gulf of Mexico, roughly 80 miles off the Louisiana coast in Vermillion Bay. All 13 people on board the rig were rescued from the water by a commercial vessel. The latest reports indicate that one of the rig workers was hospitalized with injuries. It is not currently known whether the rig is leakin...
  • BP ERISA: What Effect Do These Lawsuits Have on Employee Benefits Plans?
    Aug-31-10 Montgomery, AL Although the oil well may be drying up, legal fallout from the BP oil spill, including lawsuits regarding BP employee benefits , show no signs of slowing down. Lawsuits have been filed on behalf of participants in BP benefits plans, alleging their plan assets were invested in BP when it was not prudent to do so. Meanwhile, a number of law...
  • ERISA Advisory Council to Meet in Washington
    Aug-23-10 Washington, DC The Advisory Council on Employee Welfare and Pension Benefit Plans, commonly known as the ERISA Advisory Council, will meet in the nation's capital from August 31 to September 2 to hear testimony from witnesses regarding ERISA pension and to discuss other important matters. Over the course of the three days, the Advisory Council will...
  • Former Clients Allege Stockbroker Fraud
    Aug-19-10 Ballston Spa, NY A number of former clients are suing a stockbroker who was found liable for $1.9 million in a prior stockbroker arbitration case. The latest lawsuit alleges that Mark Casolo embezzled $1.5 million from a number of clients between 2007 and 2009, according to the Albany Times Union . Specifically, the lawsuit accuses Casolo of mov...
  • Edison Discrimination Suit is Déjà Vu All Over Again
    Jul-31-10 San Mareno, CA : This is the third time since 1974 that Southern California Edison is being sued for racial discrimination. "This company has an inbred culture of racial intolerance that favors Caucasians and punishes African Americans and other non-Caucasians," says attorney Charles T. Mathews, who represents 11 plaintiffs in the latest class action ag...
  • BP ERISA: Was Company Stock a Prudent Investment?
    Jul-31-10 Miami, FL Managers of company benefits plans have a duty to act in the best interests of plan participants. Lawsuits filed recently, however, allege that plan fiduciaries failed to prudently invest the assets of BP employee benefits plans and violated ERISA (Employee Retirement Income Security Act) laws. Part of the issue is that many assets of a co...
  • Qui Tam: Is Novartis in Trouble Again?
    Jul-30-10 Park City, UT Novartis has been hit hard with qui tam whistleblower lawsuits for off-label promotion and fraudulent marketing practices, and the drug giant has paid millions of dollars in settlements. Kari has closely followed the Novartis lawsuits because she believes the company should also be charged with fraudulent practices regarding Lotrel. "Nova...
  • More Children Emerging as Victims of Identity Theft
    Jul-22-10 Atlanta, GA Identity theft is a problem typically associated with adults, but many children are also victims of fraud, often at the hands of family members. The number of child victims of identity theft is increasing in Georgia, according to the Atlanta Journal Constitution. Often it is a parent or family member who uses the child's social security n...
  • Can Comp Time Replace Overtime?
    Jul-18-10 Miami, FL "Today's employers believe that they can give comp time—one hour time off for every hour worked passed 40 hours—but I know that is an overtime violation ," says Martin. Martin (not his real name) is correct: although comp time is legal in the public sector, it is generally illegal in the private sector. In 1978 Congress passed...
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