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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
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.
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PFAS Mesh Talc Breast Explant Zantac CA Labor? 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.
California Coronavirus Litigation—Amazon Evades Attorney General: A TimeLineSacramento, CA California's Attorney General slapped a lawsuit on Amazon, alleging the company refused to provide information about its coronavirus safety protocols and potential outbreaks, adding to the wave of coronavirus litigation nationwide and violating the California labor code.
Walgreens Wages and Waste SettlementsGlendale, CA Walgreens employees recently settled a California labor lawsuit, filed by a former worker who claimed the huge nationwide retail pharmacy failed to pay him and other employees for all hours worked. Around the same time, Walgreens settled another lawsuit alleging it improperly disposed of hazardous waste and mishandled customers’ records.
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