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Sort by date 1,676 pages found matching security breach- Broker Insists Auction-Rate Securities are Still Safe
May-1-08 Los Angeles, CA Natalie handed her life savings over to a UBS Financial Services broker with explicit instructions to invest in certificates of deposit (CD). Instead, they were put into auction-rate securities and despite the collapse of that market, the broker still insists Natalie's investment is not at risk. "My relationship with my broker started... - Caught with Auction Rate Securities
Apr-30-08 New York, NY: What Barbara requested from her broker was a safe liquid alternative to her placing large sums in the bank but what she ended up with was auction rate securities that cannot be cashed out. "I told my broker that I had quite a bit of cash on hand and was looking to park it," says Barbara. "The bank was charging me too high interest fees i... - To TD Ameritrade: "I Want My Money!"
Apr-21-08 Omaha, NE: Class action lawsuits against Ameritrade TD over their auction rate securities are flying everywhere right now because investors are not able to get their money out of their accounts. Jeffrey Cohen, a lawyer out of Denver, went to TD Ameritrade with $75,000 of his firm's money in his hands in order to hold that money in a money-market account... - Auction-Rate Securities: $333 Billion in Assets Frozen
Apr-17-08 New York, NY: The latest victim of the credit crisis— Auction Rate Securities —are producing victims of its own: thousands of investors who either assumed, or were told that their investments were as good as cash. The reality, is that their money is now unavailable to them—akin to going to a bank and expecting to undertake a withdraw... - From Half a Million to Uncertain Worth with Auction Rate Securities
Apr-16-08 San Bernardino, CA On the advice of a respected broker, Lisa invested a sizeable inheritance into auction rate securities , counting on a healthy return when she was ready to cash them out. That day may never come; the $330 billion ARS market is being devalued and the bonds are increasingly hard, if not impossible, to sell. "My mom died and left me som... - Work Crew "Ate Asbestos for Breakfast"
Apr-9-08 Denver, CO It's unfathomable that just two years ago, a crew of 15 men were hired to tear down a property that was riddled with asbestos without being issued respirators or any kind of safety gear. In fact, they weren't even told that the buildings contained asbestos. According to Justin S., one of the demo crew, the building company knew. "The buildi... - Chantix: Husband became Manic
Apr-9-08 Green Bay, WI Melinda and her husband both decided to quit smoking so the started taking Chantix in January of this year. Chantix reduced their smoking, but at what cost? "There were no warnings that we would go crazy, flip out and fight, and my husband thinking about suicide," says Melinda. "First my mom was prescribed Chantix—she smoked foreve... - Icy Hot Patch Burns: Trust Your Body
Apr-8-08 Chattanooga, TN The makers of the Icy Hot Patch that was recalled in the US back in February went north in March, with Chattem Canada recalling a number of products in its Icy Hot Heat Therapy line. The recall follows numerous reports of serious burns in the US, with consumers reporting a host of first, second and third-degree burns. As of March the... - California Worker Finds Comp Time for Overtime Never Materializes
Mar-30-08 Santa Clara, CA: When Terrence started working for Siemens at a Microsoft lab in California; he didn't realize that all his overtime would be unpaid. But that is exactly what happened. To make matters worse, when he complained he couldn't continue to work for free, he was fired. Terrence worked as a lab manager, responsible for image servers and work st... - Energy Company Plans to File Bankruptcy
Mar-27-08 Basehor, KS: Ethanex Energy is seeking bankruptcy protection after failing to raise interim financing in the amount of $1.5 million, according to a March 24, 2008 posting with security regulators. The ethanol company out of Basehor, Kansas had at one time announced their plans to build three plants, but had ceased such actions and also put an end to a... - Darden Restaurants Accused of Inflating Stock
Mar-22-08 Orlando, FL: Darden Restaurants , which operates the Red Lobster, LongHorn, and Olive Garden restaurants, is now the subject of a lawsuit filed March 19, 2008 in U.S. District Court for the Middle District of Florida on behalf of its stockholders. The complaint alleges that Darden, based out of Orlando, misrepresented its business, market prospects,... - Avandia Experiment may have Killed Mom
Mar-17-08 Memphis, TN When Sharon's mom first started taking Avandia for her diabetes, the drug was still experimental. Now, Sharon's mom is dead from congestive heart failure and Sharon herself is worried, after having taken Avandia for more than a year for her own diabetes. "My mom died March 20, 2002," said Sharon. She had been diagnosed with diabetes abou... - Credit Card Abuse Takes on Many Forms
Mar-13-08 Freeland, MI Credit card abuse can take on many forms—including the personal data you entrust the credit card company to hold safe on your behalf. However, that is not always the case, as witnessed in January when data from 650,000 credit cards was at risk of being compromised after a computer tape went missing. GE Money handles credit card oper... - Compactor Explodes at Landfill, City Worker Sues
Mar-12-08 Beaumont, TX: A man who once worked for the city of Beaumont was forced to retire early almost two years ago when, while working at a landfill, a Caterpillar compactor exploded near him after catching fire. The man, Kenneth Allison and his wife Genevieve, have filed a personal injury lawsuit against Mustang Tractor & Equipment Co. (the company that sold... - FBI Investigating Countrywide for Securities Fraud
Mar-11-08 Washington, DC: A criminal investigation has been opened against Countrywide Financial by the FBI and the Justice Department for possible securities fraud . The FBI and the Justice Department is investigating whether or not the nation's largest mortgage lender falsified its financial condition and the stability of its loans in security filings. The in... - Hospital Hit with Loss of Medicare and Medicaid Payments
Mar-1-08 Clyde, NC: Litigation has been brought against Haywood Regional Medical Center by former employee Dr. Aloha Bryson. The doctor was pressured to resign for presenting allegations that two patients died due to improper care and four others received improper care as well during October and November 2007. Dr. Aloha Bryson has had a degree of difficulty loca... - Wrongful Death Covers Many Situations
Feb-26-08 Pittsburgh, PA Wrongful death lawsuits can be filed in many situations involving countless circumstances and situations. What they all have in common is that the victim's death was preventable and was caused by the actions of a different party (a person or organization) who acted improperly. A wrongful death lawsuit can involve negligent actions by the... - Wrongful Death Knows No Bounds
Feb-17-08 Glendale, CA Wrongful death observes no boundaries, or carries no bias for economic or social status. Wrongful death can happen to the blue-collar worker, the poor, or the rich and famous. However, the one common denominator remains that wrongful death, no matter who is involved, is tragic and needless. For the late James Hizer of Ohio, his world had... - Some Cities Blocking Landlords from Evicting due to Defaulting Mortgage Payments
Feb-15-08 Seattle, WA The high foreclosure rate the United States is experiencing is causing another type of housing crisis that involves the eviction of renters and cities are working to block such evictions. When a landlord faces the inability to pay a mortgage, the tenant suffers as well. And many times these evictions are a result of the inability to pay mort... - Style is not the Only Risk with Aged Flooring
Feb-12-08 Denver, CO: It appears that weekend warriors have more to be concerned with than the style and fashion of fixtures in their home. Apparently, many flooring specifically linoleum produced during the 1970's and through the early portion of the 1980's, may have asbestos properties. Exposure to asbestos has been proven to cause Mesothelioma, a type of lung can...