Legal News Articles - BusinessBad Faith Insurance Lawsuits Filed against Home Warranty CompaniesSan Diego, CA: Consumers who are upset about their treatment by home warranty companies have filed home warranty lawsuits, alleging that those companies practice bad faith insurance. Among the companies that have reportedly faced such lawsuits are American Home Shield and Fidelity National Home Warranty.
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American Home Shield Lawsuit Alleges Improper DenialsMontgomery, AL: Customers of home warranty companies, such as American Home Shield can take heart that some previous home warranty lawsuits have resulted in settlements. One American Home Shield lawsuit resulted in a settlement, although the company did not admit any wrongdoing or liability in the settlement.
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All This, Just for a Free Book: Fisher Investments September 21, 2011. By Gordon Gibb.Woodside, CA: While the enterprise at the center of an investment controversy holds that "losing an arbitration once every seven years is a record far better than any major competitor," the alleged disconnect between the stated wishes of the investor and Fisher Investments, the firm to which the investor entrusted her cash, leaves one asking the proverbial question, "whose money is it anyway?"
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Fisher Investments CEO Discusses Market Volatility, 2012 CampaignNew York, NY: Kenneth Fisher, the chief executive officer of California-based Fisher Investments Inc., told Reuters that the recent volatility in the financial markets has limited initial public offerings, but that the ultimate impact may not be too severe.
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Client Wins Potentially $300,000 in Fisher Investments ArbitrationNew York, NY: A client who filed an arbitration claim against Fisher Investments could be awarded more than $300,000 in her Fisher Investments complaint. The award against Fisher Investments was given after the client complained that her account was over-concentrated in stocks.
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FDA Pulls Breast Cancer Indication for AvastinWashington, DC: An FDA panel reviewing the efficacy of Roche’s blockbuster cancer drug Avastin in metastatic HER2 negative breast cancer has ruled to pull the indication. The vote took place Wednesday with the Advisory panel made up of cancer specialists voting unanimously to pull the indication. The panel voted three times, and each time the vote was unanimous, ruling that the data on Avastin in this particular group of breast cancer patients is not effective, and not necessarily safe, and therefore should not be approved for treatment.
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Lawsuit Fights Back against Aggressive Debt CollectorsHouston, TX: A class-action suit alleging aggressive and illegal debt collection practices against Encore Capital Group and its agents lifts the lid on a growing problem for consumers struggling to pay bills. "A lot of people call lawyers for help not because they want to get rich in a lawsuit, but because they don't know where else to turn," says consumer attorney Aaron Radbil from the firm of Weisberg & Meyers. "They have got debt collectors who are harassing them, debt collectors who won't leave them alone. These people have real problems and they deserve to be treated fairly."
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DIRECTV Customers One Step Closer to Justice Says AttorneySan Francisco, CA: A California court has granted class-action status to a potentially multi-million dollar class-action suit against DIRECTV. Customers allege that they were charged as much as $480 in early cancellation fees in violation of California consumer law.
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California Launches Investigation Into MetLife Death Payment Practices
April 27, 2011. By Lucy Campbell.
Sacramento, CA: Insurance Commissioner Dave Jones and California State Controller John Chiang have announced the issuance of a subpoena and joint investigative hearing into the practices of Metropolitan Life Insurance Company (MLIC), also known as MetLife.
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Life Partners Class ActionDallas, TX: Waco-based financial company Life Partners did not play fair with investors and is guilty of both breach of contract and breach of fiduciary duty, according to a class-action suit filed by Dallas attorney James Craig Orr from the firm of Heygood, Orr & Pearson. If the allegations prove true, hundreds of people who bought something called "life settlements" investments from the company are likely owed thousands and thousands of dollars.
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