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  • Funds Board Participates in Regions Morgan Keegan Lawsuit
    Feb-6-11 Nashville, TN The legal battles surrounding the failed RMK funds took a new twist prior to the start of the New Year, following the inclusion of the board formerly associated with three failed RMK funds in a lawsuit against Morgan Asset Management. At stake is about $1 billion lost to the failure of Helios Select High Income, Select Intermediate Bond a...
  • US Airways Plane Grounded After Hole Discovered in Fuselage
    Mar-29-11 Charlotte, NC A pilot doing a pre-flight inspection to his commercial aircraft discovered a small hole in the exterior fuselage of the plane, CNN reported late yesterday. The US Airways 737-400 was loading for a flight when the pilot noticed the breach in the plane's fuselage, and alerted authorities. The plane was immediately grounded and taken o...
  • Never Mind Overtime Pay: Too Much Work Can Kill You
    Nov-10-08 Irvine, CA A scientific study done in California a few years ago concluded that working long hours can raise hypertension risk by 29 percent. In other words, working long hours can be bad for your health. That's one of the reasons why overtime laws exist, to ensure that workers who work more hours than the standard work week receive overtime pay accordin...
  • ERISA Lawsuit against the University of Miami Cites Excessive Fees
    May-17-21 Miami, FL   On April 5, the four named plaintiffs in Santiago v. University of Miami asked the Southern District of Florida to certify a class of roughly 16,000 beneficiaries of and participants in the University of Miami Savings Plan. Their ERISA lawsuit alleges that the University breached its duties of loyalty and prudence by permitting the Plan...
  • Nursing Home Workers Sentenced in Nursing Home Abuse Cases
    Dec-29-10 Chicago, IL Although deaths attributed to natural causes can occur at an Illinois nursing home , the sad truth is that some deaths are attributable to Illinois nursing home abuse. Families who thought their loved ones were safe at nursing homes in Illinois are then shocked to learn that Chicago nursing home abuse has caused death or serious injury to th...
  • Fact or Coincidence? Enbrel Users Continue to Wonder
    Feb-21-11 Midway, KY While Enbrel has been off the radar of late, the tumor necrosis factor alpha blocker (TNF blocker) is still on the minds of people who have used Enbrel to combat Enbrel arthritis or plaque psoriasis—and who have wound up with more than they had bargained for. Blogger 'jennybyc' wrote, "not only did it not make me any better, it made...
  • Two Injured in Springfield Motorcycle Accident
    Dec-23-10 Springfield, MO Two drivers were injured in a recent Springfield motorcycle accident near Shell Knob in Barry County, reports the Joplin Globe . Trevor C. Messbarger, 24, and Shane P. Fancher, 27, both of Cassville, Missouri, were reportedly taken to nearby St. John's Hospital in Cassville with moderate injuries, according to the Missouri State Hig...
  • Michigan Employment Protest against Homebuilders
    Dec-26-09 Bloomfield Hills, MN Last week workers gathered outside the headquarters of a homebuilder in Bloomfield Hills, Michigan, to protest the shoddy workmanship and unfair wages paid by Pulte Homes and other builders. Pulte says the allegations are unfounded. The housing bubble bust has proved tough on homebuyers, but it appears to have hit the homebu...
  • Connecticut Businessman Accused of ERISA Abuse, Misusing 401(k) Pension Funds
    Dec-24-09 Manchester, CT It may be small potatoes compared with the millions of dollars some employees have lost in their 401(k) and ERISA pension plans, but the employees of a small Connecticut company are no less unhappy about the recent violation of their employee 401(k) and the subsequent loss of their ERISA benefits. Earlier this month the US Departmen...
  • Is Illinois Medical Malpractice Driving Out Doctors?
    Feb-11-11 Chicago, IL Medical malpractice in Illinois has been hotly debated of late, with President Obama's recent comments about medical malpractice and the establishment of caps for medical malpractice settlements only adding fuel to the fire. Unlike some states, there are no caps for Illinois medical malpractice. Some think there should be. Others, such as...
  • Military Helicopter Crash Shifts from Rescue to Recovery: Officials
    Nov-3-09 Sacramento, CA Last week's helicopter crash that occurred when a Marine helicopter crashed with a Coast Guard plane off the coast of California has become a recovery effort, now that the search for survivors has been called off. Helicopter crash victims, as well as those aboard the doomed plane, have yet to be found. A total of seven members of the...
  • Lawsuits Filed Against DePuy Orthopaedics
    Nov-14-10 Honolulu, HI More lawsuits have been filed against DePuy Orthopaedics following the DePuy hip replacement recall. Patients who have had the DePuy hip implanted have now filed a DePuy lawsuit, alleging the DePuy hip replacement devices were improperly designed and manufactured. Approximately 93,000 hip replacement units were affected by the recall, w...
  • Boston Scientific Vaginal Mesh Settlement and More Abdominal Mesh Lawsuits Filed
    Apr-23-21 Washington, DC Boston Scientific will pay $188.6 million to resolve transvaginal mesh lawsuits in 47 states and the District of Columbia. This means that tens of thousands of women who have been injured by vaginal mesh implants will qualify for some restitution. The multi-state lawsuit accused the medical device manufacturer of failing to disclose the...
  • Segway Injuries on the Rise: Report
    Oct-5-10 Washington, DC The death last month of James W. Heselden underscores a report released around the same time as Heselden's demise that puts the focus on injuries suffered by users of the Segway . Heselden, the British businessman who recently purchased the company that makes the Segway personal transportation devices, was killed on September 26 while app...
  • Antitrust Laws, and 3.79 Million Reasons to Cry Foul
    Sep-12-09 Schaumberg, IL A massive antitrust act case that may see payouts to 3.79 million class members was upheld this past Tuesday, assuring that antitrust laws have been brought to bear and antitrust policy is actively defended in this country. It was in 2006 that settlements were reached in class action cases over allegations that Zurich Financial Servi...
  • Did Detroit Edison Mislead Retirees about Benefits?
    Apr-13-21 Cincinnati, OH  On March 23, the Sixth Circuit revived an ERISA lawsuit that alleges that Detroit Edison Co. misled plan participants about the benefits they could expect at retirement when the plan design was changed in 2002. The Appeals Court’s decision in Nolan v. Detroit Edison Co. gives the participants a fresh opportunity to show tha...
  • Man Sentenced to 330 Years for Investment Fraud
    May-1-08 Denver, CO On April 29, 2008 a 72-year-old man was sentenced to 330 years in prison for a high yield investment scheme. The scheme included securities fraud, mail fraud, and wire fraud. The man, Norman Schmidt, was found guilty after an eight week trial concluded on May 29, 2007. In the fraud scheme, Schmidt and his group scammed people by guaranteeing...
  • Investors Seeking Assurances That BP Stock Losses Won't Happen Again
    Aug-12-10 Pittsburgh, PA The BP oil spill that has had such a devastating effect in so many areas—from the environment to BP benefits —has prompted funds managers representing a collection of major portfolios with a combined asset value of an astonishing $2.7 trillion, to seek verification from major players in the oil industry as to their emergency r...
  • Class Action Lawsuit Filed Against Walgreen Co. for Securities Fraud
    Apr-20-08 Baltimore MD It was announced on Friday April 18, 2008 that a class action lawsuit has been filed against Walgreen Co. on behalf of those who purchased the company's common stock between the dates of June 25, 2007 and November 29, 2007. The lawsuit, filed in the United States District Court for the Northern District of Illinois, alleges that two of its...
  • Credit Card Rate Hikes: Four Customers Tell Companies to Take a Hike
    Mar-30-08 Seattle, WA: What follows are four anecdotes of credit card abuse . Daily, people's lives are being destroyed by unfair rate hikes, by unscrupulous credit card companies. Countless consumers are so deep in debt that any day now, they face foreclosure on their homes. Many have sunk into deep depression and can't find their way out. Isn't it time the govern...
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