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Sort by date 1,813 pages found matching bank of america- Following Suit: Variable Annuities Litigation Update
Dec-26-13 • As the largest generation in America’s history gets ready to retire, the focus on litigation over financial scams is gaining momentum. Variable annuities , a type of financial product many people are not likely familiar with, represent a minefield for investors, particularly seniors and people trying to shore up their retirement incomes. Ma... - Payday Lender in Trouble for Debt Collector Violations
Dec-22-13 Fort Worth, TX A payday lender who was also involved in debt collection practices will pay $19 million in fines and refunds for issues with how the company collected debt and issued loans. According to USA Today (11/20/13), Cash America International allegedly used a process called robo-signing to process documents used to collect debts. People wh... - Paxil Side Effects the Ultimate Catch 22
Jan-28-12 New York, NY Paxil appears to be among those drugs that might qualify under "damned-if-you-do, damned-if-you-don't" status. Paxil side effects are many and varied, serving as a trigger for many a Paxil lawsuit. And yet, in spite of continued warnings by the US Food and Drug Administration (FDA) that link the antidepressant to such adverse reactions as... - David Willey Capital One Insider Trading Fines
The Securities and Exchange Commission filed charges against the former finance chief of Capital One Financial Corporation alleging insider trading. After learning federal regulators planned to downgrade their assessment of the bank's overall condition, David Willey sold thousands of stocks on the market; two months later Capital One shares fell 40%. Th... - Washington Mutual Inc. Comerica Resignation Settlement
Seattle, WA: Comerica Inc. filed a lawsuit against the nation's largest thrift bank after workers resigned from Comerica in July 2005 to join Commercial Capital Bancorp Inc. The lawsuit alleged the employees tried to take business away from the financial services company when they moved. Washington Mutual bought Commercial Capital in 2006; it did not ad... - A New Year, a New Twist on Stock Broker Fraud
Jan-11-12 Koloa, HI The new year has begun with a new twist on the crime of stock broker fraud —in this case, a Hawaiian who wasn't a stockbroker and admitted to his clients that he wasn't. And yet investors gave him money anyway. Stock fraud is a common white-collar crime, that sees stockbrokers advising their clients to invest in products that may not... - Bad Faith Insurance Lawsuit Filed Over Credit Disability Insurance
Dec-5-13 Charleston, WV A bad faith insurance lawsuit has been filed against two companies, alleging policyholders had their disability claims wrongfully terminated. The terminated disability claim allegedly affected the policyholders’ mortgage and was meant to cover mortgage payments for a certain amount of time, but was terminated early. According to... - Texas Plaintiff Sues Over Airbag Injuries, Other Claims
Dec-3-13 Marshall, TX Airbags were originally envisioned and designed to prevent injuries. So it’s somewhat galling when airbag injuries are caused when the devices either deploy when they shouldn’t, fail to deploy when they should or deploy improperly. This problem is compounded given that most cars, including subcompacts, have as many as 10 airbag... - Charges Filed in California Financial Elder Abuse Case
Nov-29-13 Los Angeles, CA With the rate of financial elder abuse reportedly on the rise, states such as California are attempting to prevent elderly financial abuse. To that end, charges have reportedly been laid against a man who allegedly committed elder exploitation by stealing from his aunt. According to the Los Angeles Times (11/26/13), the alleged per... - UK Steel Plant Workers Alleged to Have Had “Snowball Fights” with Asbestos
Nov-24-13 Splott, Cardiff Sadly, it appears to be an old story but one that still has a few chapters yet to be written. To that end, experts conversant with asbestosis disease in the UK say that asbestos cases from exposure dating back decades are not expected to peak before 2016. Findings are similar in North America. The latest round of asbestosis lawsui... - Ex-UBS Trader Changes Legal Teams for REIT Fraud Case
Dec-22-11 London, England Former UBS employee Kweku Adoboli has switched legal teams prior to his court appearance next week, as the trader is heading to trial over a REIT fraud claim, according to Reuters . The news source reported that the London law firm now representing Adoboli recently announced they were defending the trader, who is accused of unauthor... - Four More Actos Lawsuits Filed
Nov-8-13 St. Louis, MO Despite a recent Actos lawsuit in which Takeda Pharmaceuticals was found negligent in its labeling of Actos but wound up not having to pay, more lawsuits concerning Actos side effects have been filed. These lawsuits allege a link between Actos and bladder cancer, and allege Takeda, maker of Actos, failed to properly warn about the risks... - The News Is Not All Bad for Actos Lawsuits
Oct-23-13 Baltimore, MD Despite the bad news given to the family of a man who filed an Actos bladder cancer lawsuit, for those whose lawsuits are currently pending, the news is not all bad. Although Diep An’s family will not receive any of the $1.75 million award, the jury did find that Takeda Pharmaceuticals was negligent in not warning about the link bet... - Massive Call Center Lawsuit Granted Conditional Status As Class Action
Oct-18-13 Minneapolis, MN The apparent skirting of overtime pay laws that appears as work performed off the clock has rarely seen a bigger challenge than that of plaintiffs who have launched a class-action lawsuit against one of the nation’s leading call centers. According to various legal briefs, there could be as many as 51,021 potential class members. ... - Denied Disability Roller Coaster
Oct-16-13 San Diego, CA Rebecca was first approved then denied disability by Cigna. She had all but given up hope of getting any benefits until earlier this year. “I heard that CIGNA is settling some claims that were previously denied,” she says. “I’m wondering if they will reopen my wrongly denied disability claim.” Cigna’s s... - Banca Popolare Italiana Parmalat Bankruptcy Settlement
Talk to a local bankruptcy lawyer right away! Parmalat SpA and Banca had filed lawsuits against one another related to the dairy company's corporate fraud scandal collapse in December 2003. Parmalat was seeking money in revocatory claims, which allow a company to recover money paid to creditors shortly before bankruptcy. Under the terms of the settl... - RenaissanceRe Holdings Ltd. Securities Fraud Settlement
RenaissanceRe Holdings Ltd. (RenRe) was being investigated by the U.S. Attorney for the Southern District of New York for restating three years of earnings from 2001 to 2003, particularly transactions with reinsurer Inter-Ocean Holdings Inc., which failed to meet accounting standards. RenRe is still under investigation, initiated by its shareholders. Th... - Lehman Brothers Wins Dismissal of ERISA Plan Lawsuit
Oct-24-11 New York, NY Lehman Brothers has won dismissal of an ERISA plan lawsuit filed by beneficiaries of the bank's employee stock plan. The plaintiffs alleged in their lawsuit that the defendants breached their fiduciary duty to people who invested in the employee stock plan, a violation of ERISA law. A judge found, however, that the plaintiffs did not su... - The State of Ohio wrongful imprisonment Settlement
More than 26 years ago, Timothy Howard, now 52 years old, of Columbus Ohio, was wrongfully imprisoned for bank robbery and murdering a guard. In 2003, Howard was found innocent and exonerated in criminal court and released from prison after new evidence was uncovered that was not available to his defense attorneys in his1997 trial. The state of Ohio has... - Merrill Lynch fraud Settlement
Following Enron's implosion, several Merrill Lynch bankers allegedly aided Enron in falsifying its financial results, a claim the Wall Street bank denied. Merrill, which helped Enron structure complex deals before its bankruptcy, agreed to pay Enron 29.5 million dollars to settle so-called "Megaclaims" litigation. Merrill Lynch did not admit any wrongdo...