A federal appeals court has revived a federal lawsuit accusing Bollinger Shipyards of lying about the strength of eight patrol boats it lengthened for the Coast Guard.
The 5th U.S. Circuit Court of Appeals ruled Tuesday that a district judge was wrong to dismiss the suit against the Lockport shipyard, a subcontractor on a project to lengthen eight patrol boats from 110 to 123 feet.
Lawyers for Bollinger did not immediately respond to a request for comment Wednesday from The Associated Press.The government wants Bollinger to repay $78 million, NOLA.com 'The Times-Picayune reports.
Four of the boats were delivered in 2004. The hull of the first, the Matagorda, began to buckle at sea in September 2004. The Coast Guard accepted the other four after modifications to boost their hull strength, but it wasn't enough, according to the ruling.
The Coast Guard revoked its acceptance of all eight in 2007; the Justice Department sued in 2011.
Tuesday, December 30, 2014
US Supreme Court takes case, but plaintiff missing
When the U.S. Supreme Court agreed to take Bobby Chen's case involving a run-down Baltimore row house razed by the city, it looked past the fact he was too poor to pay the court's filing fee and had no attorney. But now Chen can't be found, something unheard of at the nation's highest court.
The Supreme Court agrees to take less than 1 percent of the roughly 10,000 petitions it receives every year, but it was even rarer for the court to take a case like Chen's. On average, the court takes just 10 petitions a year like his, in which the party making the request is too poor to pay the court's $300 filing fee.
But since the court agreed to take Chen's case in November, he hasn't surfaced. Dec. 22 was Chen's deadline to mail his main legal brief in the case. The court hadn't heard from him as of Tuesday, said Supreme Court spokeswoman Kathy Arberg.
The court's Clerk's Office, which corresponds with parties who have a case before the court, has tried to reach Chen by letter and email. But it's not clear he got the messages, Arberg said. And he didn't list a phone number when he asked the court to take his case. The Associated Press also tried to reach Chen by email, but the message bounced back as undeliverable. Efforts to find a telephone number were also unsuccessful.
The Supreme Court agrees to take less than 1 percent of the roughly 10,000 petitions it receives every year, but it was even rarer for the court to take a case like Chen's. On average, the court takes just 10 petitions a year like his, in which the party making the request is too poor to pay the court's $300 filing fee.
But since the court agreed to take Chen's case in November, he hasn't surfaced. Dec. 22 was Chen's deadline to mail his main legal brief in the case. The court hadn't heard from him as of Tuesday, said Supreme Court spokeswoman Kathy Arberg.
The court's Clerk's Office, which corresponds with parties who have a case before the court, has tried to reach Chen by letter and email. But it's not clear he got the messages, Arberg said. And he didn't list a phone number when he asked the court to take his case. The Associated Press also tried to reach Chen by email, but the message bounced back as undeliverable. Efforts to find a telephone number were also unsuccessful.
Wednesday, September 3, 2014
Court halts ridesharing service Uber in Germany
A court has barred ridesharing service Uber from operating in Germany, the latest shot in the popular app's fight with taxi drivers worldwide.
Frankfurt state court spokesman Arne Hasse said Tuesday the decision that Uber can't offer its services without a specific permit under German transport laws applies nationwide.
The injunction applies pending a full hearing of a suit brought against Uber by Taxi Deutschland, a German cab association that also offers its own taxi-ordering app. The suit is being heard in Frankfurt because it is one of the several German cities in which Uber operates.
San Francisco-based Uber said in a statement it would use "all legal means" to fight the case.
"It's never a good idea to limit people's choices," Uber said. "We believe that innovation and competition is good for everyone — it profits both drivers and passengers."
The ruling comes after Berlin authorities last month barred Uber from operating in the capital because of safety concerns.
The Law Offices of Place and Hanley, LLC
The Law Offices of Place & Hanley, LLC (Securities Arbitration Lawyers Florida) is a nationally recognized securities and commodities arbitration law firm which represents investors nationwide. At Place & Hanley we represent investors in claims against their brokers, broker dealers, investment advisors, financial advisors and insurance companies. Our securities lawyers represent investors who have lost their savings when their brokerage accounts were mishandled. Our attorneys are experienced in providing focused and aggressive representation for investors who have been the victims of financial fraud, negligence and unsuitable investments. Our firm has experience in prosecuting claims against the major Wall Street firms, including Morgan Stanley Smith Barney, Merrill Lynch, Wells Fargo, UBS, Oppenheimer as well as many mid-sized broker dealers.
Our attorneys have recovered millions of dollars for individual investors. Our firm has experience handling group arbitration claims and class action litigation involving securities related matters. We have successfully recovered punitive damages and attorneys’ fees for our clients. The attorneys and staff at the Law Offices of Place & Hanley are committed to representing aggrieved investors who have lost money because of the negligent or willful acts of the clients once trusted financial advisor, broker and brokerage firm.
Our attorneys have represented thousands of clients nationwide who were victims of misrepresentations, commission churning, unsuitable investments, unauthorized transactions, execution failures, excessive mark-ups, disappearing funds, botched transfers, "selling away" from firms, unregistered brokers, unregistered securities, improper margin liquidations, broker bribes, fraudulent research, "boiler room" sales practices and other wrongful acts. Place & Hanley has prosecuted cases involving stocks, bonds, "penny" stocks, "junk" bonds, options, commodities, mutual funds, REIT's, limited partnerships, derivative securities, collateralized debt obligations “CDO”, auction rate securities and other investments.
Attorneys for the firm practice before the Financial Industry Regulatory Authority (FINRA) which was created in 2007 through the consolidation of the National Association of Securities Dealers (NASD) and New York Stock Exchange (NYSE) enforcement and arbitration divisions. The firm also represents clients in state and federal courts to resolve financial disputes between customers, brokerage firms and other financial institutions.
Our firm has been successful not only in recovering our client’s out of pocket losses, but in multiple cases our clients have received punitive damages and reimbursement of their attorneys’ fees. Please visit the verdicts and settlements page for examples of the securities & stockbroker fraud cases we have handled for our clients. Our success is attributable to hard work, client dedication and an in-depth knowledge of the securities industry.
Our attorneys have recovered millions of dollars for individual investors. Our firm has experience handling group arbitration claims and class action litigation involving securities related matters. We have successfully recovered punitive damages and attorneys’ fees for our clients. The attorneys and staff at the Law Offices of Place & Hanley are committed to representing aggrieved investors who have lost money because of the negligent or willful acts of the clients once trusted financial advisor, broker and brokerage firm.
Our attorneys have represented thousands of clients nationwide who were victims of misrepresentations, commission churning, unsuitable investments, unauthorized transactions, execution failures, excessive mark-ups, disappearing funds, botched transfers, "selling away" from firms, unregistered brokers, unregistered securities, improper margin liquidations, broker bribes, fraudulent research, "boiler room" sales practices and other wrongful acts. Place & Hanley has prosecuted cases involving stocks, bonds, "penny" stocks, "junk" bonds, options, commodities, mutual funds, REIT's, limited partnerships, derivative securities, collateralized debt obligations “CDO”, auction rate securities and other investments.
Attorneys for the firm practice before the Financial Industry Regulatory Authority (FINRA) which was created in 2007 through the consolidation of the National Association of Securities Dealers (NASD) and New York Stock Exchange (NYSE) enforcement and arbitration divisions. The firm also represents clients in state and federal courts to resolve financial disputes between customers, brokerage firms and other financial institutions.
Our firm has been successful not only in recovering our client’s out of pocket losses, but in multiple cases our clients have received punitive damages and reimbursement of their attorneys’ fees. Please visit the verdicts and settlements page for examples of the securities & stockbroker fraud cases we have handled for our clients. Our success is attributable to hard work, client dedication and an in-depth knowledge of the securities industry.
Tuesday, August 19, 2014
Colorado high court won't hear pension lawsuit
The Colorado Supreme Court has decided not to hear a lawsuit from state Treasurer Walker Stapleton seeking information about employee benefits in the state's pension system.
The court issued its decision Monday. Stapleton had appealed to the state's highest court after two lower courts ruled against him.
Stapleton, a Republican, has sought non-identifying information about the top 20 percent of the pension's beneficiaries and their annual retirement benefit. He says the information would help him to assess the health of the state pension's program and how to keep it solvent.
The pension board that manages the Public Employees Retirement Association has maintained that the information is confidential.
Wednesday, July 9, 2014
The Salazar Law Firm - Houston Car Accident Lawyers Services
The Salazar Law Firm, PLLC understands the burdens auto accidents and injuries place on an individual. Our goal is to lessen our client's stress and burden by managing the complex relationships with insurance companies, medical facilities, government agencies, and other insurance defense lawyers.
If you've been injured in an accident, don't let your claim get weakened by not taking the right steps. Get medical treatment for your injuries as soon as possible. Insurance companies pay close attention to "laspes in treatment" and whether or not treatment was sought immediately after the accident.
Insurance companies are in the business of making money. If the insurance company is giving you the run-around, contact our houston car accident lawyers at the Salazar Law Firm today.
If you've been injured in an accident, don't let your claim get weakened by not taking the right steps. Get medical treatment for your injuries as soon as possible. Insurance companies pay close attention to "laspes in treatment" and whether or not treatment was sought immediately after the accident.
Insurance companies are in the business of making money. If the insurance company is giving you the run-around, contact our houston car accident lawyers at the Salazar Law Firm today.
Wednesday, June 4, 2014
Place & Hanley - Securities Attorneys Florida Services
The Law Offices of Place & Hanley represents individual and institutional investors in stock broker & securities fraud. Our attorneys have filed claims against major Wall Street institutions and the nation's most prestigious brokerage firms. Most securities disputes are resolved in arbitration before the New York Stock Exchange or the Financial Industry Regulatory Authority.Our firm also represents investors in arbitration and mediation as well as clients in the North Carolina and Florida state courts where they resolve financial disputes among brokerage firms, customers, and other financial institutions. Our Securities Attorneys have experience in all the following cases: stocks, bonds, "penny" stocks, "junk" bonds, commodities, mutual funds and other investments.
The Law Offices of Place & Hanley have been successful in recovering our client's out of pocket losses and our client's have even received punitive damages and the reimbursement of their attorneys' fees in multiple cases.
Hard work, client dedication, and in-depth knowledge of the securities industry are the secrets to our success. At Place & Hanley our primary goal is to represent investors who have had their brokerage accounts mishandled. We would love the opportunity to put our knowledge and skill to work for you. If you're in need of Securities Attorneys in Florida or have any questions related to securities or commodities fraud, contact our office today.
The Law Offices of Place & Hanley have been successful in recovering our client's out of pocket losses and our client's have even received punitive damages and the reimbursement of their attorneys' fees in multiple cases.
Hard work, client dedication, and in-depth knowledge of the securities industry are the secrets to our success. At Place & Hanley our primary goal is to represent investors who have had their brokerage accounts mishandled. We would love the opportunity to put our knowledge and skill to work for you. If you're in need of Securities Attorneys in Florida or have any questions related to securities or commodities fraud, contact our office today.
Monday, May 12, 2014
Law Office of Rita O. White - Canton Criminal & DUI Lawyers
If you're facing a legal issue and seek guidance, the Law Office of Rita O. White is here to help. Tackling any legal matter without a trained professional can negatively impact the outcome of your legal situation. Our Plymouth Canton Criminal lawyers understand the stress that comes with looming legal issues which is why we work tirelessly to support our clients no matter the situation.
We believe in giving clients our full attention and treating them with care and respect.
When you work with us, you'll get the benefit of:
Caring and knowledeable lawyers
Convenient office hours
Reasonable attorney fees
Don't risk anything! Our dedicated team of lawyers are always available to offer guidance and support. To set up an appointment today or learn more about our Plymouth Canton Criminal law practice contact us at the Law Office of Rita O. White today.
We believe in giving clients our full attention and treating them with care and respect.
When you work with us, you'll get the benefit of:
Caring and knowledeable lawyers
Convenient office hours
Reasonable attorney fees
Don't risk anything! Our dedicated team of lawyers are always available to offer guidance and support. To set up an appointment today or learn more about our Plymouth Canton Criminal law practice contact us at the Law Office of Rita O. White today.
Tuesday, April 15, 2014
McKENNON LAW GROUP PC
Insurance Bad Faith, ERISA and Business Litigation Attorneys
McKennon Law Group PC has offices throughout California, and handles cases all over the State, including the metropolitan areas of Los Angeles, Orange County, San Diego, San Francisco and the Central Valley.
When you need an attorney, choosing the right law firm is the most important decision you will make. We founded McKennon Law Group PC for one purpose: to provide our clients targeted, effective representation geared to get the best possible results. Our single-minded focus is to achieve our clients’ objectives in an aggressive yet professional manner.
We are counted among California’s leading insurance, ERISA, business, and consumer attorneys. We have arbitrated, tried, appealed, and resolved hundreds of disputes on all lines of insurance - life, health, disability, property/casualty, commercial general liability, professional liability, officers and directors liability, employment practices liability, homeowners and business owners property and liability. We have also litigated disputes involving insurance and real estate agent/broker liability, class actions, serious injury and wrongful death, and other consumer and general business matters, and we have recovered millions of dollars in judgments and settlements for our clients.
Office
20321 SW Birch St., Suite 200
Newport Beach, CA 92660
McKennon Law Group PC has offices throughout California, and handles cases all over the State, including the metropolitan areas of Los Angeles, Orange County, San Diego, San Francisco and the Central Valley.
When you need an attorney, choosing the right law firm is the most important decision you will make. We founded McKennon Law Group PC for one purpose: to provide our clients targeted, effective representation geared to get the best possible results. Our single-minded focus is to achieve our clients’ objectives in an aggressive yet professional manner.
We are counted among California’s leading insurance, ERISA, business, and consumer attorneys. We have arbitrated, tried, appealed, and resolved hundreds of disputes on all lines of insurance - life, health, disability, property/casualty, commercial general liability, professional liability, officers and directors liability, employment practices liability, homeowners and business owners property and liability. We have also litigated disputes involving insurance and real estate agent/broker liability, class actions, serious injury and wrongful death, and other consumer and general business matters, and we have recovered millions of dollars in judgments and settlements for our clients.
Office
20321 SW Birch St., Suite 200
Newport Beach, CA 92660
AB & Co IP Services - Sierra Leone Intellectual Property Lawyers
The Gambia Intellectual Property Lawyers
Trademark, Patent & Intellectual Property Rights
AB & Co is a boutique trademark agency specialising exclusively in the protection of intellectual property rights for our clients in Sierra Leone and The Gambia.
Our intellectual property practice is broad and we are Trademark and Patent Attorney for principals all over the world including partner law firms that routinely instruct us on behalf of their clients on IP matters.
We provide high quality services and act as Trademark & Patent Attorneys for principals all over the world including partner law firms.
We act as attorneys for the registration of trademarks, patents, industrial designs and other intellectual property rights. We routinely conduct searches and provide assistances for renewals, change of name and address, amendments and recordal of licences.
Services
Trademark, Patent & Intellectual Property Rights
AB & Co is a boutique trademark agency specialising exclusively in the protection of intellectual property rights for our clients in Sierra Leone and The Gambia.
Our intellectual property practice is broad and we are Trademark and Patent Attorney for principals all over the world including partner law firms that routinely instruct us on behalf of their clients on IP matters.
We provide high quality services and act as Trademark & Patent Attorneys for principals all over the world including partner law firms.
We act as attorneys for the registration of trademarks, patents, industrial designs and other intellectual property rights. We routinely conduct searches and provide assistances for renewals, change of name and address, amendments and recordal of licences.
Services
Searches
Oppositions
Trademark, Patent and Industrial Design registration
Renewals
Recordal of changes of propietor's name, address
Recordal of mergers and assignments
Recordal of licenses
Advice on non-contentious issues
Publication tracking
Oppositions
Trademark, Patent and Industrial Design registration
Renewals
Recordal of changes of propietor's name, address
Recordal of mergers and assignments
Recordal of licenses
Advice on non-contentious issues
Publication tracking
Monday, April 14, 2014
The Law Offices of Tenecia P. Reid, PLLC
The Law Offices of Tenecia P. Reid, located in Northern Virginia and is here to provide you the best legal service to you and your loved one. With years of experience in divorce cases and family matters, Tenecia is both strategic and aggressive. We will give you an honest assessment of your situation and together discuss the ways we could help achieve the goals and outcomes you want.
Specializing in family law for her entire career, Attorney Tenecia P. Reid stands ready to skillfully guide you through the divorce litigation process.
Divorce litigation can be frustrating, confusing, and emotional, so it is imperative to have an attorney who both listens and treats you with respect as you face major life decisions. Widely experienced, Attorney Reid has negotiated and litigated cases that include complex marital assets, tax issues, business valuations, underwater joint mortgages, adultery, abuse, protective orders, and bankruptcy issues.
Attorney Reid is also intimately familiar with the laws governing fault-based divorce cases, and can help you to determine whether you have one or more fault grounds against your spouse and how you may prove them.
Ms. Reid will be able to confidently assess your case and situation to help you obtain the best possible results. Don't hesitate to call today!
Specializing in family law for her entire career, Attorney Tenecia P. Reid stands ready to skillfully guide you through the divorce litigation process.
Divorce litigation can be frustrating, confusing, and emotional, so it is imperative to have an attorney who both listens and treats you with respect as you face major life decisions. Widely experienced, Attorney Reid has negotiated and litigated cases that include complex marital assets, tax issues, business valuations, underwater joint mortgages, adultery, abuse, protective orders, and bankruptcy issues.
Attorney Reid is also intimately familiar with the laws governing fault-based divorce cases, and can help you to determine whether you have one or more fault grounds against your spouse and how you may prove them.
Ms. Reid will be able to confidently assess your case and situation to help you obtain the best possible results. Don't hesitate to call today!
DiRusso & DiRusso, Attorneys At Law.
Surry County Criminal Defense Lawyers
At DiRusso and DiRusso, we are familiar with the local economy, the local employers, and the local court officials. Another advantage to hiring local counsel is availability. In larger cities, and in larger firms, the attorneys may not always be available and much of the interaction a client has may be with support staff, such as paralegals and legal assistants. At DiRusso and DiRusso, the attorneys are in regular contact with the clients, available by telephone, and regularly available for appointments.
At DiRusso & DiRusso, we have the legal knowledge and experience to protect you, no matter who or what is on the other side. We also have the compassion to know that you may be experiencing something very unpleasant and we are available to listen to you and seek solutions along the way. We are dedicated to our clients and show no allegiance to any other entity. We not only counsel our clients on the current law, we provide statutes, rules, cases, and codes so that one may read the current law and have a deeper understanding of the relative law.
If you want to speak with a lawyer about your case, please call us today. There is never a fee for your initial consultation at DiRusso & DiRusso for Workers’ Compensation, Personal Injury or Social Security Disability cases.
At DiRusso and DiRusso, we are familiar with the local economy, the local employers, and the local court officials. Another advantage to hiring local counsel is availability. In larger cities, and in larger firms, the attorneys may not always be available and much of the interaction a client has may be with support staff, such as paralegals and legal assistants. At DiRusso and DiRusso, the attorneys are in regular contact with the clients, available by telephone, and regularly available for appointments.
At DiRusso & DiRusso, we have the legal knowledge and experience to protect you, no matter who or what is on the other side. We also have the compassion to know that you may be experiencing something very unpleasant and we are available to listen to you and seek solutions along the way. We are dedicated to our clients and show no allegiance to any other entity. We not only counsel our clients on the current law, we provide statutes, rules, cases, and codes so that one may read the current law and have a deeper understanding of the relative law.
If you want to speak with a lawyer about your case, please call us today. There is never a fee for your initial consultation at DiRusso & DiRusso for Workers’ Compensation, Personal Injury or Social Security Disability cases.
Saturday, April 12, 2014
The Davis Law Group, PLLC
Southfield MI Criminal Defense Lawyer
The Davis Law Group, PLLC is an aggressive criminal defense firm. We handle cases throughout the Metro Detroit area including Wayne, Oakland, and Macomb County. Our attorneys are former prosecutors and have handled cases ranging from minor traffic violations to homicide offenses.
Having gone through numerous trials, our attorneys know the Metro Detroit courtrooms and the procedures they follow. This works as a major advantage for our clients as we are able to fight against the evidence and change the course of where your life is headed. We are dedicated and willing to do what it takes to get a successful outcome in your case.
We concentrate on defending our clients’ constitutional rights both in and out of the courtroom. If you or a love one has been charged with a crime you know your freedom is on the line. You need as experienced attorney that can get results.
Available 7 days a week 24 hours a day for free phone consultations. For urgent matters we always have at least one attorney on call.
The Davis Law Group, PLLC
27600 Northwestern Hwy. Suite 215
Southfield, MI 48034
The Davis Law Group, PLLC is an aggressive criminal defense firm. We handle cases throughout the Metro Detroit area including Wayne, Oakland, and Macomb County. Our attorneys are former prosecutors and have handled cases ranging from minor traffic violations to homicide offenses.
Having gone through numerous trials, our attorneys know the Metro Detroit courtrooms and the procedures they follow. This works as a major advantage for our clients as we are able to fight against the evidence and change the course of where your life is headed. We are dedicated and willing to do what it takes to get a successful outcome in your case.
We concentrate on defending our clients’ constitutional rights both in and out of the courtroom. If you or a love one has been charged with a crime you know your freedom is on the line. You need as experienced attorney that can get results.
Available 7 days a week 24 hours a day for free phone consultations. For urgent matters we always have at least one attorney on call.
The Davis Law Group, PLLC
27600 Northwestern Hwy. Suite 215
Southfield, MI 48034
Levin & Curlett LLC
New York - Baltimore - Washington, D.C. White Collar Criminal Defense
Levin & Curlett LLC was formed by former prosecutors who created a small, high quality litigation boutique. Levin & Curlett LLC has extensive experience in all facets of criminal and civil litigation. Whether clients are involved in contractual disputes, business litigation, or qui tam whistleblower cases, our trial experience allows the firm to work effectively with clients to achieve their goals. Similarly, extensive prosecutorial backgrounds allow the firm to represent clients who are involved in criminal proceedings as targets, subjects, witnesses, recipients of grand jury subpoenas, or defendants.The firm puts its skills to work representing:
Levin & Curlett LLC was formed by former prosecutors who created a small, high quality litigation boutique. Levin & Curlett LLC has extensive experience in all facets of criminal and civil litigation. Whether clients are involved in contractual disputes, business litigation, or qui tam whistleblower cases, our trial experience allows the firm to work effectively with clients to achieve their goals. Similarly, extensive prosecutorial backgrounds allow the firm to represent clients who are involved in criminal proceedings as targets, subjects, witnesses, recipients of grand jury subpoenas, or defendants.The firm puts its skills to work representing:
- clients who are targets, subjects, or witnesses in criminal investigations,
- clients who are facing criminal charges
- clients who are involved in complex civil litigation at the trial and appellate levels
- whistleblowers in qui tam and False Claims Act litigation.
Salvatore Scanio - Ludwig & Robinson PLLC.
T: 202-289-7605 O: 202-289-1800 F: 202-289-1804
Mr. Scanio has extensive experience in complex domestic and international litigation and regulatory matters, involving federal and state banking, financial transactions, insurance coverage, and contract and other commercial disputes.
Mr. Scanio represents banks, insurers and other companies in cases involving negotiable instruments under the Uniform Commercial Code (UCC), electronic bank payments, fraud, fiduciary duty, accounting, lender liability, loan losses, lost profits, statutory and regulatory violations, professional liability, class actions, and claims against the federal government. He advises clients as to liability, defenses and loss recovery on a wide range of bank fraud and corporate fraud schemes, including check fraud, credit and debit card fraud, unauthorized electronic funds transfers (EFT) including fraudulent wire transfers and ACH transactions, identity theft, check kiting, deposit account fraud, malware attacks, cybercrime, account takeovers, loan and mortgage fraud, embezzlement, and bank insider fraud.
Wednesday, March 26, 2014
The Law Offices of Place and Hanley, LLC
Securities Arbitration Lawyers Florida
The Law Offices of Place & Hanley, LLC is a nationally recognized securities and commodities arbitration law firm which represents investors nationwide. At Place & Hanley we represent investors in claims against their brokers, broker dealers, investment advisors, financial advisors and insurance companies. Our securities lawyers represent investors who have lost their savings when their brokerage accounts were mishandled. Our attorneys are experienced in providing focused and aggressive representation for investors who have been the victims of financial fraud, negligence and unsuitable investments. Our firm has experience in prosecuting claims against the major Wall Street firms, including Morgan Stanley Smith Barney, Merrill Lynch, Wells Fargo, UBS, Oppenheimer as well as many mid-sized broker dealers.
Our attorneys have recovered millions of dollars for individual investors. Our firm has experience handling group arbitration claims and class action litigation involving securities related matters. We have successfully recovered punitive damages and attorneys’ fees for our clients. The attorneys and staff at the Law Offices of Place & Hanley are committed to representing aggrieved investors who have lost money because of the negligent or willful acts of the clients once trusted financial advisor, broker and brokerage firm.
Our attorneys have represented thousands of clients nationwide who were victims of misrepresentations, commission churning, unsuitable investments, unauthorized transactions, execution failures, excessive mark-ups, disappearing funds, botched transfers, "selling away" from firms, unregistered brokers, unregistered securities, improper margin liquidations, broker bribes, fraudulent research, "boiler room" sales practices and other wrongful acts. Place & Hanley has prosecuted cases involving stocks, bonds, "penny" stocks, "junk" bonds, options, commodities, mutual funds, REIT's, limited partnerships, derivative securities, collateralized debt obligations “CDO”, auction rate securities and other investments.
Attorneys for the firm practice before the Financial Industry Regulatory Authority (FINRA) which was created in 2007 through the consolidation of the National Association of Securities Dealers (NASD) and New York Stock Exchange (NYSE) enforcement and arbitration divisions. The firm also represents clients in state and federal courts to resolve financial disputes between customers, brokerage firms and other financial institutions.
Our firm has been successful not only in recovering our client’s out of pocket losses, but in multiple cases our clients have received punitive damages and reimbursement of their attorneys’ fees. Please visit the verdicts and settlements page for examples of the securities & stockbroker fraud cases we have handled for our clients. Our success is attributable to hard work, client dedication and an in-depth knowledge of the securities industry.
Tuesday, March 11, 2014
Man pleads guilty to sea cucumber smuggling charge
Federal prosecutors in San Diego say a man has pleaded guilty to charges he smuggled 100 pounds of dried sea cucumber into the United States from Mexico.
Sea cucumbers are leathery-skinned marine animals used in some folk medicine practices.
United States Attorney Laura E. Duffy says Cheng Zhuo Liu (chuhng joo-oh lee-oo), a resident of Chula Vista, admitted to tucking the sea cucumbers into the spare tire area of his car before crossing the border last October.
According to the US attorney's office, their market value was between $5,000 and $10,000.
The particular species Liu had is protected under international trade rules, and requires a permit for import.
Driver pleads guilty in deadly bus stop crash
A driver who plowed into a Riverside bus stop, killing a woman and a 7-year-old girl, has pleaded guilty to involuntary manslaughter.
The Press-Enterprise reports 46-year-old Joe Williams was ordered Thursday to serve six months in custody of the Sheriff's Department, but his sentence could include a work-release program in lieu of jail time.
Williams was indicted after prosecutors told a grand jury that he had a history of blackouts seizures and should not have been driving.
Authorities say Williams, a parking enforcement agent, blacked out at a red light on Dec. 28.
When motorists behind him honked their horns, Williams accelerated, veered up onto the shoulder of the road and crashed into a bus bench.
Twenty-eight-year-old Melissa Bernal and 7-year-old Aniya Mitchell were killed.
Coast Guardsman guilty in sexual misconduct case
Coast Guard officials in New Orleans say a petty officer has been convicted and sentenced on charges involving sexual assault and possession of child pornography.
Petty Officer 2nd Class Christopher C. Bush's court martial was held in Norfolk, Va.
A Coast Guard news release said the 28-year-old Bush was convicted Friday on four violations of a Uniform Code of Military Justice article dealing with rape and sexual assault and one involving child pornography.
The crimes involved a junior Coast Guard woman and a civilian woman. They happened between January 2010 and May 2013 while Bush was stationed at a unit in New Orleans. The Coast Guard said it was not releasing the name of the unit to protect the privacy of the victims.
3 California men plead guilty in alleged pot grow
Three Northern California men are each facing up to ten years in prison after pleading guilty to charges that they damaged federal conservation land while allegedly growing marijuana.
Prosecutors say Chou Vang, Vang Pao Yang and Pao Vang, all of Eureka, each entered their pleas in federal court in San Francisco on Tuesday to one count of willful injury to federal property.
The men were accused of clearing away trees and vegetation, using fertilizers, and failing to properly dispose of trash while growing pot in the summer of 2012 in the King Range National Conservation Area along California's Lost Coast. The area provides habitat for four federally-listed threatened species, including Chinook and Coho salmon.
As part of a plea deal, prosecutors say they dropped marijuana cultivation charges. The men are scheduled to be sentenced in July.
Thursday, March 6, 2014
Court weighs securities fraud class-action cases
The Supreme Court is considering whether to abandon a quarter-century of precedent and make it tougher for investors to band together to sue corporations for securities fraud.
The justices hear arguments Wednesday in an appeal by Halliburton Co. that seeks to block a class-action lawsuit claiming the energy services company inflated its stock price.
A group of investors says it lost money when Halliburton's stock price dropped after revelations the company misrepresented revenues, understated its liability in asbestos litigation and overstated the benefits of a merger.
Justices threw out the company's first attempt to block the lawsuit in 2011. But Halliburton is now urging the court to overturn a 25-year-old decision that sparked a tidal wave of securities-related, class-action lawsuits against publicly traded companies and has led to billions in settlements.
The court's 1988 decision in Basic v. Levinson says shareholders who claim they were defrauded by false statements in securities filings don't have to prove they actually relied on the statements. Rather, the court reasoned that any misrepresentation would be reflected in the current stock price. Even if investors are not aware of the misstatements, they are presumed to be aware of them because they affect the stock price.
This presumption, known as the "fraud-on-the-market theory," has become the driving force for modern class-action securities cases. But some economists have questioned whether this theory makes sense anymore, saying it doesn't account for the sometimes random and arbitrary nature of stock trading.
Monday, February 3, 2014
7 now guilty in Pendleton contractor bribery case
Two civilian defense contractors have pleaded guilty in a San Diego federal court, bringing to nine the number of defendants who have admitted guilt in recent days to their involvement in a scheme involving bribes and kickbacks at Camp Pendleton and other federal facilities.
Federal prosecutors say Paul Dana Kay of PK Excavation and Manuel Ramirez of MRN Construction, Inc., entered the pleas to violations of the Anti-Kickback Act on Friday.
Six former contractors and a former Defense Department employee have pleaded guilty in the past two weeks to involvement in the scheme.
They include Natividad Lara Cervantes, who referred to himself as "The Godfather of Camp Pendleton," and admitted accepting bribes.
Sentencing is scheduled for April. The defendants face maximums ranging from three years to 20 years in prison.
Monday, January 6, 2014
Court sides with S. Ind. city in man's injury suit
The Indiana Court of Appeals has upheld a lower court's ruling that the Ohio River city of Madison is not liable for injuries a man suffered when he tripped on a sewer grate.
Brad Haskin suffered a ruptured Achilles tendon in July 2008 when he tripped on the grate while walking from Madison's riverfront. He sued Madison in 2009, alleging it was negligent in maintaining the sewer drain and did not properly illuminate it.
The Madison Courier reports a Jefferson County judge had ruled that under Indiana law a city cannot be held liable for injuries caused by infrastructure like the grate that had been unchanged for 20 or more years.
The appellate agreed with that ruling, finding that the city was immune from liability in the case.
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