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Part 7: Securities Fraud: When "good" Investments Disappear The nest egg stories Cases of investment and securities fraud come in many sizes. It is hard not to feel for middle aged and older individuals who have seen their life savings and pension investments shrivel or disappear while under the supposedly watchful eye of some third party.
Latest Lawsuit News & Legal Information
Firefighting Foam $17.5M Settlement a “Huge Milestone”Peshtigo, WI Peshtigo residents have reached a $17.5 M settlement in a firefighting foam lawsuit filed against Tyco Fire Products and two other companies over per- and polyfluoroalkyl substances (PFAS) contamination. Plaintiffs claimed their drinking water from private wells was contaminated with “forever chemicals” from the use of firefighting foam at Tyco’s Fire Technology Center in Marinette and nearby sites.
California Supreme Court Says Proposition 22 is a Done DealSan Francisco, CA A lawsuit filed by rideshare drivers and the Service Employees International Union seeking to overturn Prop 22, which exempts gig workers from key California labor law AB5, will not be heard by the Supreme Court. But it’s not over yet: the court suggested that plaintiffs could still file their case in a lower court.
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PFAS Mesh Talc Breast Explant Zantac CA Labor? Northern District of Illinois Nixes Mandatory Arbitration in ERISA LawsuitChicago, IL On January 25, the Northern District of Illinois denied Triad Manufacturing’s attempt to force ESOP participants to individually arbitrate their claims of fiduciary self-dealing. The ERISA lawsuit,
James Smith v. Board of Directors of Triad Manufacturing Inc., alleged that the Board of Directors caused the plan to buy Triad stock at an inflated price, harming retirement savers for the benefit of individual board members who were also, not coincidentally, the sellers of the stock. The Court held that plan participants may now continue to the merits of their fiduciary breach lawsuit on a class-wide basis.
Erik Abrahamson: Personal Injury Lawyer SpotlightTampa, FL With over 100 years of combined experience, Abrahamson & Uiterwyk handles virtually every type of personal injury claim—no case is too big or too small. Mr. Abrahamson prides himself on offering professional and compassionate representation to all clients, regardless of their potential case value.
Forever Waiting for EPA’s Limits on PFAS “Forever Chemicals”Washington, DC The EPA on January 19, 2021 finally announced two preliminary actions toward regulating “forever chemicals” in Americans’ drinking water. These toxic chemicals include PFAS, which do not break down in the environment. They are linked to serious health issues, including cancer, reproductive and developmental harm, and reduced effectiveness of vaccines. Over 2,300 sites in the U.S. are contaminated with PFAS.
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