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May 15, 2019
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Part 7: Securities Fraud: When "good" Investments Disappear
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

President (of Yale) Can’t Dodge Deposition
President (of Yale) Can’t Dodge Deposition
New Haven, CT Peter Salovey, the president of Yale University, must submit to a deposition in a long-running class action ERISA lawsuit. Vellali v. Yale University claims that the university, as a fiduciary of the Yale University Retirement Account Plan (the “Plan”), mismanaged Plan assets and investment options in a way that harmed workers trying to save for retirement. It occurs in the context of several similar university ERISA lawsuits. The results of these have been very mixed – some wins, some losses for plan participants, with no clear trend developing. Yale University also has a long history of labor troubles.

Glasswerks L.A, Inc. to pay $1.3 Million to Settle California Unpaid Wages Lawsuit
Glasswerks L.A, Inc. to pay $1.3 Million to Settle California Unpaid Wages Lawsuit
Los Angeles, CA A Los Angeles commercial glass manufacturer has agreed to pay $1.3 million to resolve a class action California unpaid wages lawsuit brought on behalf of workers who claim they were shorted on overtime and meal and rest breaks between 2012 and 2018. Most of the more than 1,000 current and former employees affected will pocket about $800, although some will collect as much as $2,400.

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Hip Revisions IVC Mesh Talc Roundup CA Labor?

Monsanto Trial: Fake Evidence or Phony Expert?
Monsanto Trial: Fake Evidence or Phony Expert?
Oakland, CA Pilliod v. Monsanto Co., the latest a Monsanto glyphosate lawsuit to go to trial, has focused squarely on the quality of the scientific evidence. Relying on expert testimony, counsel for Alberta and Alva Pilliod has accused Monsanto of outright fraud in securing regulatory approval for Roundup. Counsel for Monsanto has tried to undermine expert Charles Benbrook’s testimony by questioning his credentials.

Latest ERISA Lawsuit News – 401k Mismanagement Lawsuits Going Strong, New Settlement in Treatment Denial Case
Latest ERISA Lawsuit News – 401k Mismanagement Lawsuits Going Strong, New Settlement in Treatment Denial Case
Los Angeles, CA Three ERISA lawsuits – two in the District Court for the Central District of California and two in the Northern District of California – show that ERISA can be a powerful tool to protect workers’ rights. Plan participants who claim that their 401k accounts were mismanaged are on a lawsuit hot streak, and patients who have had coverage denied for medical treatments deemed too “investigational” are beginning to see some success, as well.

Sickening Stock Drop Prompts Boeing 737 ERISA Lawsuit
Sickening Stock Drop Prompts Boeing 737 ERISA Lawsuit
Chicago, IL On March 31, participants in the Boeing Voluntary Investment Plan (VIP Plan) filed a class action ERISA lawsuit in the Northern District of Illinois. The lawsuit alleges that Boeing knew about problems with its 737 MAX series of airplanes and hid the bad news, all while encouraging plan participants to invest in company stock though the VIP Stock Fund. When the planes dove out of the sky, the stock price dropped, too. Although it hardly compares to the terrible and tragic loss of life, plan participants were also injured when their retirement savings vanished.

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