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Groupon Faces Class-Action Lawsuit

April 13, 2012. By Heidi Turner.

Chicago, IL: Groupon reportedly faces a class-action lawsuit alleging securities fraud on the part of the company when it filed its IPO. The Groupon lawsuit, which has not been certified as a class action, joins other securities fraud litigation in allegations that companies committed stock option fraud or securities investment fraud by misleading investors.

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SEC Securities Fraud Investigation Nets Results

March 21, 2012. By Gordon Gibb.

Washington, DC: The Securities and Exchange Commission (SEC) has brought the hammer down on a number of perpetrators in a securities fraud case. The issue stems from an investigation that led to charges, in June of 2010, of securities fraud against three gentlemen from California and one from New Mexico.

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Madoff Securities Fraud Lawsuit Affects Investors Across US

March 7, 2012. By Heidi Turner.

San Diego, CA: California might seem far removed from the Bernard Madoff securities fraud that was centered in New York, but investors across the country were affected by the securities investment fraud. Now, even the owners of the New York Mets may have to pay, following the investigation into Bernard Madoff's fraud and subsequent securities fraud litigation.

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New Securities Fraud Case Has Link to Galleon Group

February 23, 2012. By Gordon Gibb.

Atherton, CA: The point man of a large securities fraud case may already be behind bars, but that hasn't stopped allegations against others from emerging. To that end, the Securities and Exchange Commission (SEC), together with the US Federal Bureau of Investigation (FBI), have bestowed upon a California resident charges of insider trading.

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Charles Schwab Faces Allegations of FINRA Violations

February 9, 2012. By Heidi Turner.

Washington DC: The Financial Industry Regulatory Authority (FINRA) has announced that it filed a complaint against Charles Schwab & Company, alleging the company's agreements violated FINRA rules. Financial firms frequently have customers sign an agreement that sets out how disputes will be handled in the case of securities fraud allegations or concerns about stock fraud, either nationally or in states such as California, Washington and Nevada. Customers with claims of California securities investment fraud and other wrongdoing either turn to a securities lawsuit or an arbitration to settle their disputes.

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Public Defense System under Fire in Washington State

July 19, 2011. By Brenda Craig.

Seattle, WA: Out of a duty to the public good, two attorneys from Seattle have taken on a class-action suit aimed at ensuring that low-income and indigent persons charged with misdemeanors in Mount Vernon and Burlington are afforded all the rights afforded to US citizens. "We got interested in the idea just as conscientious attorneys," says Toby Marshall, from the firm of Terrell, Marshall, Daudt & Willie. "We started investigating about six months ago, doing public disclosure requests, getting documents and interviewing people."

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Washington Mutual Settles Securities Lawsuit

July 8, 2011. By Heidi Turner.

Seattle, WA: Washington Mutual has reportedly reached a settlement in the securities lawsuit filed against it by shareholders. The securities fraud settlement is reportedly the largest ever in Western Washington and joins the ranks as one of the largest class-action settlements to stem from the financial meltdown. Plaintiffs filed the securities fraud litigation alleging Washington Mutual executives and directors violated securities laws.

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Restrictions Announced in Avandia Use

May 25, 2011. By Heidi Turner.

Seattle, WA: Eight months after the US Food and Drug Administration (FDA) announced that restrictions would be imposed on Avandia use, the federal government has announced how those restrictions will look. Limitations on the use of Avandia were announced after concerns about Avandia side effects were raised. Those Avandia risks included a reported increased risk in heart attack. Now, concerns are also being raised about risks associated with rival drug Actos, according to J. Benton Stewart II, attorney at Stewart Law, P.L.L.C.

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Del Monte Recalls Cantaloupes Because Of Possible Salmonella Panama Contamination

March 23, 2011. By Lucy Campbell.

Washington, DC: Del Monte Fresh Produce N.A., Inc. (“Del Monte Fresh”) of Coral Gables, Florida is recalling 4,992 cartons of cantaloupes, each containing 4 plastic mesh sleeves with 3 cantaloupes per sleeve, because they have the potential to be contaminated with Salmonella Panama, an organism which can cause serious and sometimes fatal infections in young children, frail or elderly people, and others with weakened immune systems. Healthy persons infected with Salmonella Panama often experience fever, diarrhea (which may be bloody), nausea, vomiting and abdominal pain. In rare circumstances, infection with Salmonella Panama can result in the organism getting into the bloodstream and producing more severe illnesses such as arterial infections (i.e., infected aneurysms), endocarditis and arthritis.

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Clearwire a Broadband Ponzi Scheme Says Suit

March 22, 2011. By Brenda Craig.

New York, NY: Millions of Americans have signed up with Clearwire, an Internet subscriber service based in Washington state that promises lightning fast performance, but attorney Peter Seidman from the firm of Milberg LLP in New York says many of those subscribers are severely disappointed with what they get.

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