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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
$29 Million Verdict in Talcum Powder LawsuitOakland, CA
On March 13, a jury in California Superior Court awarded Terry Leavitt and her husband $29.4 million in the first Johnson & Johnson (J&J) talcum powder lawsuit to go to trial in 2019. Ms. Leavitt linked
her mesothelioma diagnosis to her use of asbestos-contaminated J&J baby powder and Shower-to-Shower talcum powder. The verdict includes $22 million for pain and suffering, $5 million in compensatory damages, nearly $1.3 million for her medical costs and $1.2 million for lost wages.
ERISA Lawsuit Claims Fidelity Investments Took Secret Kickbacks Boston, MA
On February 21, 2019, Andre W. Wong, a participant in T-Mobile USA Inc.'s 401(k) plan, filed a class action ERISA lawsuit in Massachusetts District Court. The lawsuit may ultimately affect nearly every 401k plan participant in every plan that has offered investment options managed by Fidelity Investments since 2017. Wong v. FMR LLC
lays out a complicated pay-to-play scheme (disarmingly and perhaps deceptively described in internal documents as “supermarket fees”).
Jamba Juice Feels the Squeeze in California Unpaid Wages LawsuitLos Angeles, CA
Superior Court Judge Carolyn B. Kuhl has approved Jamba Juice’s offer to settle a class action California unpaid wages lawsuit for $1.95 million. The plaintiffs in Arteaga v. Jamba Juice
claimed that the smoothie chain forced nearly 5,500 employees to work off the clock – through meal breaks and without proper overtime pay.
3M Allegedly Reported False Safety Results to Procure Lucrative ContractKansas City, MO
On February 21, 2019, Jonathan Foster, an Army Reserve veteran, filed a 3M Combat Arms defective earplug lawsuit in the Western District of Missouri. He suffers
from tinnitus, a symptom of permanent hearing loss, because the earplugs supplied to him by the Army during his training and subsequent deployment to Afghanistan were badly designed. They failed to protect him from the preventable harm that the manufacturer guaranteed against.
Subpoenas Fly! Senate Demands Docs in Tainted Talcum Powder ProbeWashington, DC
The long-running Johnson & Johnson (J&J) talcum powder lawsuits have now taken a strangely contemporary turn as long-silent witnesses, both in this world and the next, tell tales. The Department of Justice (DOJ) and Securities and Exchange Commission (SEC) have subpoenaed
corporate documents, and Sen. Patty Murray (D-WA) Ranking Member of the Senate Committee on Health, Education, Labor and Pensions (HELP) has requested
information back to 1966. Could this end the corporate stonewalling that has stymied so many J&J talcum powder lawsuits
for so long?
Stadium Concessionaire Settles California Wage Lawsuit for $5.4 MillionSan Jose, CA
Centerplate of Delaware Inc. , a multinational food and beverage company, has offered to pay $5.4 million to resolve stadium workers’ claims that the company failed to pay wages required under various provisions of California labor law. Raquedan v. Centerplate accuses
the company of failing to provide meal breaks and sick days; as well as failing to pay for accrued vacation days, time spent waiting at security checkpoints and the cost of uniforms.
Take the MRI, Hold the GadoliniumTampa, FL:
Studies have shown that a host of conditions are characterized by retention of gadolinium, and the proven retention of this heavy metal in brain tissue has been named “gadolinium storage condition”. Armed with these facts, Virginia says she refused to have a second MRI with contrast dye and her radiologist was okay with that.
School Bus Drivers’ Wage Lawsuit Survives Crippling ChallengeSan Francisco, CA
In Humes v. First Student Inc.
, a group of California bus drivers claim that the company for which they worked, First Student, Inc. (formerly Laidlaw) failed to pay them for all the hours that they worked
. In the latest legal turn, the Ninth Circuit has cleared the way for the drivers to pursue their lawsuit as a class action. That keeps the lawsuit alive. Among their California labor law claims is that they received inaccurate pay stubs. It seems a small point in a big fight. Especially because of recent case law developments, however, pay stub claims be an increasingly important part of California wage lawsuits.
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