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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

ERISA Lawsuit Targets ESOP Scam
Wilmington, DE Set against the backdrop of California’s notorious water wars, the 1974 film “Chinatown,” focuses on the mysterious Evelyn, who must finally explain whether a young girl is her daughter or her sister. The awful truth unfolds. She is murdered – shot through the eye as her daughter or sister screams. Evelyn’s private detective/lover is told to leave it alone; he doesn’t understand what’s going on. His partner utters the grim tagline, “Forget it Jake; it’s Chinatown,” from which the movie takes its title. In Alvarez v. Wilmington Trust, the latest Wilmington Trust ERISA lawsuit, the prize at the center of the story is not water rights, but the vast sums of money held in Employee Stock Ownership Plans, ERISA retirement plans designed to invest primarily in employer stock.

Workplace Sexual Harassment and Retaliation – Attorney Weighs In
Manhattan, NY A sexual harassment and retaliation settlement was in the spotlight, this past July. It involved more than 25 construction workers who were subjected to physical assaults and other types of harassment, and some workers were retaliated against after complaining to supervisors. “It’s so important that these women supported and corroborated each other,” says attorney Vincent White. “It is never okay for someone to harass you at work.”

FDA Update on BIA-ALCL Finds More Cases, More Deaths
Silver Spring, MD On August 20, the U.S. Food and Drug Administration provided an update on adverse events relating to breast implants, including breast implant-associated anaplastic large cell lymphoma. The new FDA update on BIA-ALCL reports a total of 733 cases and 36 patient deaths globally, an increase of 160 new cases and 3 deaths since July 2019. Of those 733 cases, 84.6 percent involved Allergan implants.

Bayer to Settle Essure Birth Control Lawsuits for $1.6 Billion
Santa Clara, CA Almost two years after Bayer stopped selling Essure in the U.S., and four years after the FDA told Bayer its birth control device needed a black box warning regarding potential serious side effects, the pharma giant will pay $1.6 billion to settle Essure lawsuits brought by nearly 39,000 women in the U.S. who suffered serious health complications as a result of Essure fallopian tube implants.

Amazon Last Mile Delivery Workers Get Right to Sue under California Labor Law
San Francisco, CA California “last mile” delivery drivers, who are often hired as independent contractors, may have the right to file lawsuits for overtime, minimum wage and other California labor law violations. In a recent Ninth Circuit decision, Rittman v. Amazon, the court held that an Amazon Flex driver was not bound by the terms of an arbitration agreement he had signed. Even though his tasks never led him across state lines, he was exempt from the Federal Arbitration Act’s (FAA) enforcement provisions as a transportation worker engaged in interstate commerce.

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