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Legal News Articles - Consumer Fraud

Judge in Bank Overdraft Fees Case Rules in Favor of Plaintiffs

Judge in Bank Overdraft Fees Case Rules in Favor of Plaintiffs September 15, 2011. By Heidi Turner.
Denver, CO Banks across the United States are feeling the wrath of unhappy customers as lawsuits alleging excessive bank overdraft fees pile up. Customers allege they are not only charged outrageous bank overdraft fees but are also subjected to reordering of transactions, which pushes their accounts into overdraft quickly, increasing the amount they pay in banking overdraft fees.
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DuPont Pulls Imprelis

DuPont Pulls Imprelis August 8, 2011. By Lucy Campbell.
Dover, DE: DuPont's new herbicide Imprelis is being pulled from the market following a flurry of complaints and lawsuits over dead and damaged trees.
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Medical Journal Blasts Medtronic Infuse Bone Graft Data over Alleged Bias

Medical Journal Blasts Medtronic Infuse Bone Graft Data over Alleged Bias July 1, 2011. By Lucy Campbell.
New York, NY A review article published on Tuesday in The Spine Journal is sounding the alarm over data on Medtronic’s Infuse Bone Graft. Co-authored by three US-based physicians, the article states that in 13 trials which included 780 patients, industry funded researchers failed to report a single adverse event involving Infuse.
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Class Action Contends Author's Story Untrue

Class Action Contends Author's Story Untrue May 31, 2011. By Brenda Craig.
Great Falls, MT Millions of people around the world were inspired and swept up by the story of American Greg Mortenson and his selfless efforts to build schools for children in remote regions of Afghanistan and Pakistan. But, a class-action suit for fraud filed in Montana, where Mortenson lives, alleges the adventures documented in Mortenson's best-selling book Three Cups of Tea and Stones Into Schools were "fabrications."
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Attorney Discusses Limits on Class Actions

Attorney Discusses Limits on Class Actions May 5, 2011. By Jane Mundy.
Washington, DC The recent Supreme Court ruling (Apr. 27, 2011)—where companies and/or employers can now require consumers to arbitrate disputes individually rather than joining forces in a consumer fraud class action, for instance, could have far-reaching implications for everyone. What does this decision mean to the typical consumer? Attorney George L. Garrow, Jr. of The Garrow Law Firm in Washington, DC, weighs in…
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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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UBS Fined for Lehman Brothers Principal Protected Notes

UBS Fined for Lehman Brothers Principal Protected Notes April 12, 2011. By Heidi Turner.
New York, NY In the ongoing battle concerning UBS Lehman Principal Protected Notes, the Financial Industry Regulatory Authority (FINRA) has issued a blow against the UBS Lehman structured notes. FINRA has awarded more than $8 million to investors who alleged that UBS downplayed the risks associated with the Lehman Brothers Principal Protected Notes.
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UBS Lined Its Pockets While Hanging Investors Out to Dry: Allegation

UBS Lined Its Pockets While Hanging Investors Out to Dry: Allegation April 5, 2011. By Gordon Gibb.
Orlando, FL Among a host of investors who were stung by alleged fraud thought to be associated with UBS Lehman Principal Protected Notes are retired individuals desperately trying to grow their nest egg through risk-free investments and a not-for-profit organization using the investment product to raise some much-needed capital with which to operate and undertake good works.
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Nationwide Recall of Dietary Supplements X-Hero and Male Enhancer

March 28, 2011. By Lucy Campbell.
Washington, DC USA Far Ocean Group Inc is conducting a nationwide recall of the Company's two supplement products sold under the names X-Hero and Male Enhancer. The Company has been informed by representatives of the Food and Drug Administration (FDA) that lab analysis by FDA of X-Hero sample found the product contains sulfosildenafil, the analogue of the active ingredient of an FDA-approved drug used to treat erectile dysfunction (ED), making X-Hero an unapproved drug. In addition, FDA analysis of Male Enhancer sample found the product contains tadalafil, the active ingredient of an FDA-approved drug used to treat erectile dysfunction (ED), making Male Enhancer an unapproved drug.
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Attorney: Advisors and Brokers Could Be Liable for Alleged Carr Miller Investor Losses

Attorney: Advisors and Brokers Could Be Liable for Alleged Carr Miller Investor Losses March 27, 2011. By Heidi Turner.
Marlton, NJ Investors who lost money in the alleged Carr Miller Capital Ponzi Scheme may worry that there will be no money left over for them to recover their losses. After all, the defendants, Everett Charles Ford Miller, Ryan J. Carr, Brian P. Carr, reportedly spent $13 million on personal purchases. Christopher J. Gray, attorney with the Law Office of Christopher J. Gray, P.C. in New York City, says there may be more than one way for investors to recover money lost in the alleged Ponzi scheme.
Read [ Attorney: Advisors and Brokers Could Be Liable for Alleged Carr Miller Investor Losses ]

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