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Sort by relevance 1,813 pages found matching bank of america- Heparin Victim Widow: "We Have a False Sense of Security."
May-5-08 Washington DC Joanna Marie Staples of Toledo, Ohio told a congressional subcommittee on April 29, 2008 that there is a false sense of security in a country where people expect to feel safe and protected. Her husband Dennis had died shortly before his 60th birthday after he had received an injection of contaminated heparin. The same contaminated heparin... - State Regulators and Attorney General Probe Banks and Brokers in Auction-Rate Securities Debacle.
May-5-08 New York, NY New York State Attorney General Andrew Cuomo has launched a probe into the failure of the auction rate securities market . The industry-wide investigation has slapped subpoenas on 18 banks and securities firms that underwrote and brokered the investments. Under the gun is the marketing of the securities and how the decision was made to stop t... - TravelCenters to pay $5 million settlement in antitrust lawsuit.
Westlake, OH: (May-01-08) Flying J Inc. and its affiliates brought a civil antitrust litigation against TravelCenters of America LLC (TA), alleging that the company had been involved in a conspiracy with others, refusing to process payment card transactions using the TCH electronic processing platform. The suit claimed that the TCH platform is operated b... - 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... - Caught with Auction Rate Securities
Apr-30-08 New York, NY: What Barbara requested from her broker was a safe liquid alternative to her placing large sums in the bank but what she ended up with was auction rate securities that cannot be cashed out. "I told my broker that I had quite a bit of cash on hand and was looking to park it," says Barbara. "The bank was charging me too high interest fees i... - Possible Merck ERISA Violation Regarding Vytorin
Apr-29-08 Whitehouse Station, NJ When Merck dragged its feet for 21 months before releasing the ENHANCE study shaming Vytorin , the manufacturer allegedly did more than delay the bad news: it may have also delayed the returns, and derailed the retirement plans of thousands of investors unaware of a ticking time bomb. But Merck knew, and in so doing may have breac... - Bankruptcy lawsuit ends in undisclosed settlement.
Birmingham, AL: (Apr-25-08) Birmingham-based Red Mountain Bank has been entangled in a legal battle with Capri Real Estate LLC, over Capri on Caldwell, the high-end condominium project that filed Chapter 11 bankruptcy in late February 08. The suit revealed that the condo's original developer, the Netherlands-based Euro American Investors Group, began to... - Wachovia to pay up to $125 million settlement in check cashing lawsuit.
Charlotte, NC: (Apr-25-08) A series of lawsuits were brought against Wachovia Corp., a Charlotte bank, by customers who claimed that they were harmed by the bank's relationship with some telemarketers and payment processors. The complaints filed with the Office of the Comptroller of the Currency, the bank's regulator, resulted in an 18-month federal inve... - DirecTV is allegedly charging consumers a cancellation fee that is improperly disclosed to them.
Law firms are investigating complaints that DirecTV imposes a cancellation fee that is improperly or insufficiently disclosed to consumers. This fee is imposed regardless of the reason for cancellation (including for poor reception or service) and regardless of the amount of time of the subscription. Some Excerpts from Unhappy DirecTV Customers ... - DirecTV Cancellation Fees: "A Big Mess"
Apr-26-08 Stanton MI Elizabeth M. is upset that DirecTV charged her an early termination fee, especially since she only had DirecTV service for two days. She says that even customer service reps for the company told her she shouldn't have been charged the fee. But what made the situation worse was that DirecTV took the money directly out of her bank account withou... - Lawsuit Pending Against Wells Fargo due to Illiquidity of Securities for Investors
Apr-26-08 San Francisco,CA The effects of the fallout in the auction rate securities market is being felt everywhere across the country. A crop of lawsuits is springing up for brokerage firms that dealt in securities that are now in a state of illiquidity for investors. Wells Fargo and Co. and its non-bank subsidiary, Wells Fargo Investments that is based in San Fra... - Credit Card Rates: Transfer Fees Increase
Apr-26-08 Houston, TX: Last year, Angie decided to save money by consolidating balances from a few credit card accounts and transferring them to The Bank of America—where she had a platinum VISA card. "They told me I would be charged 9.9 percent for a transfer balance but my statement showed over 40 percent," says Angie. Yet another blatant abuse of credit ca... - To TD Ameritrade: "I Want My Money!"
Apr-21-08 Omaha, NE: Class action lawsuits against Ameritrade TD over their auction rate securities are flying everywhere right now because investors are not able to get their money out of their accounts. Jeffrey Cohen, a lawyer out of Denver, went to TD Ameritrade with $75,000 of his firm's money in his hands in order to hold that money in a money-market account... - Attorney Brian S. Kabateck On Technology Litigation and Righting Old Wrongs
Apr-20-08 Los Angeles, CA: Brian S. Kabateck, founding partner of Kabateck Brown Kellner, LLP, specializes in consumer class action and mass torts. His client list includes the likes of Michael Jackson, Ed McMahon, José Conseco, and Lou Ferrigno. As we'll see, it also includes the victims of genocide from almost a century ago. LawyersandSettlements (LAS): You r... - Baywatch star reaches settlement in family lawsuit.
Los Angeles, CA: (Apr-17-08) Baywatch celebrity David Hasselhoff and his wife of 16 years Pamela Bach have been locked in divorce proceedings over the last few months. Sources close to the couple revealed that the two have reached a settlement agreement, in which the former Baywatch star will pay $25,000 a month to support his ex-wife and children. The c... - Auction-Rate Securities: $333 Billion in Assets Frozen
Apr-17-08 New York, NY: The latest victim of the credit crisis— Auction Rate Securities —are producing victims of its own: thousands of investors who either assumed, or were told that their investments were as good as cash. The reality, is that their money is now unavailable to them—akin to going to a bank and expecting to undertake a withdraw... - The Reality of Reality TV: Alleged "Sweatshop Conditions"
Apr-17-08 Hollywood, CA: The reality for many workers on US Reality TV shows is long hours, and little or no overtime pay -- a contravention of California overtime statutes. It is for this reason that the Writers Guild of America (WGA) is attempting to organize workers, to help them get a better deal from their employers. Last Tuesday, 12 former workers of suc... - From Half a Million to Uncertain Worth with Auction Rate Securities
Apr-16-08 San Bernardino, CA On the advice of a respected broker, Lisa invested a sizeable inheritance into auction rate securities , counting on a healthy return when she was ready to cash them out. That day may never come; the $330 billion ARS market is being devalued and the bonds are increasingly hard, if not impossible, to sell. "My mom died and left me som... - Heparin Counterfeit Seven Times Cheaper Than the Real Thing
Apr-15-08 Washington, DC: Patients with recently-implanted heart stents, vascular stents or grafts are wondering if they are going to be affected by the tainted heparin scare, after the US Food and Drug Administration last week alerted medical device manufacturers that they should review their sources of heparin. Some medical devices, including devices used in pul... - Everybody Watching Wachovia: Another ERISA Concern?
Apr-14-08 Charlotte, NC Investors, and current and former employees holding Wachovia retirement savings plans and 401(k) plans (Plan) will not be happy with the news this morning that the 4th largest bank in the country has posted a huge loss for the first quarter, and is attempting to raise $7 billion in capital. The anger amongst investors and savers would ce...