Elder Financial Abuse Examined

One of the biggest social epidemics in the United States is the trend of elders being taken advantage of for financial gain.  Classified as financial elder abuse, senior citizens often find themselves the targets of exploitation because of their weakened physical and… Read More »

1

Annuity Fraud Makes 2014 IRS Dirty Dozen List

The Internal Revenue Service issued its annual “Dirty Dozen” list of tax scams, cautioning taxpayers to protect themselves against a wide range of schemes this tax season. “Taxpayers should be on the lookout for tax scams using the IRS name,” said IRS… Read More »

0

Annuity Fraud Case Comes With a Dark Twist

Life insurance and annuity fraud scams can take a wide range of forms, but one recent case is particularly dark. The Securities and Exchange Commission (SEC) received a complaint that two brokers intentionally defrauded customers by luring people to invest in contracts… Read More »

1

Federal Judge Trims Annuity Fraud Allegations against ING

A California federal judge on March 4 dismissed several claims against ING USA Annuity and Life Insurance Co. for allegedly selling life insurance contracts to senior citizens that did not pay out as promised. The judge found that the purchasers could only… Read More »

0

da Vinci Robot Injuries Were Hid from FDA, Class Action Lawsuit Says

Intuitive Surgical Inc. has been hit with a class action lawsuit from shareholders who allege the company made misleading statements concerning its flagship product, the da Vinci Surgical System, including “concerted efforts to conceal da Vinci’s internally-known defects and the injuries caused… Read More »

0

Class Action Lawsuit Accuses Angie’s List of Insider Trading

Lead plaintiffs Eva and Harold Baron have filed a class action lawsuit against Angie’s List, alleging that company executives inflated it share price by making false and misleading statements about growth and revenue and eventually selling their own stocks for more than… Read More »

2

Corporate Disinterest Could Limit Future Annuities Fraud

There are two main goals for financial instruments for older Americans: maintain or increase the principal to provide stability, or guarantee monthly payments for a set period of time. Firms offering these products are declining to continue selling them and the net… Read More »

1

Investors Sue Tesla Over Car Safety in Class Action Lawsuit

Follow us on Twitter and Facebook for the latest Class Action Lawsuit Settlement News!   Investors Sue Tesla Over Car Safety in Class Action Lawsuit By Dominic Rivera   A class action lawsuit has been filed against Tesla Motors Inc. on behalf… Read More »

0

Tellabas Securities Class Action Lawsuit

Follow us on Twitter and Facebook for the latest Class Action Lawsuit Settlement News!   Tellabas Securities Class Action Lawsuit By Andrea Gressman   It was recently announced that a securities class action lawsuit was filed against Tellabs Inc. (NASDAQ: TLAB) on… Read More »

0

Longwei Petroleum Securities Class Action Lawsuit

Follow us on Twitter and Facebook for the latest Class Action Lawsuit Settlement News!   Longwei Petroleum Securities Class Action Lawsuit By Andrea Gressman   A securities class action lawsuit has been filed against Longwei Petroleum Investment Holding Limited (LPH) in the… Read More »

2