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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
California Suspends Worker Layoff Notifications. Did Velodyne Take Advantage?San Jose, CA
Siers v. Velodyne Lidar is a class action lawsuit brought under the provisions of the federal Worker Adjustment and Retraining Notification Act (WARN) and provisions of California labor law that afford employees similar protection against sudden and precipitous layoff. According to Benjamin Siers, Velodyne terminated a third of its workforce with just one day’s notice, citing the COVID-19 pandemic. In the context of Velodyne’s other business activities, however, that reason appears to have been a pretext – a very convenient pretext that relieved Velodyne of time and attendant costs it would otherwise have incurred as it moved production facilities overseas.
Can California Employers Pay Workers with Reloadable Debit Cards?Riverside County, CA Janelly Sandoval filed a class action lawsuit against Home Depot in Riverside Superior Court on January 31,2020. The lawsuit, which has since been removed to the District Court for the Central District of California, claims that Home Depot violated Sections 201 through 203 of the California Labor Code by paying her final wages by means of a pay card. Between 2017 and 2020, it was allegedly the company’s usual practice to pay workers’ final pay by debit card, regardless of whether they were usually paid by check or through direct deposit.
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Zantac JUUL Mesh Hips Talc Roundup CA LaborAAJ? Wells Fargo Fake Account Scandal Grinds OnOakland, CA The Northern District of California has approved attorneys’ fees in the settlement of the latest lawsuit arising from the massive Wells Fargo fake account fraud. The scandal came to light in 2016 after account holders raised questions about mysterious bank overdraft fees that they were charged. The bank’s misconduct, however, may date back at least as far as 2002.
E-Cig and Vape Companies Cashing in on COVID-19Santa Clara, CA Vaping and e-cigarette companies are using the corona virus crisis as a sales tool, despite warnings from health officials that vape and e-cigarette users might be at a higher risk for complications from COVID-19. And an attorney general accuses the FDA of vape fear mongering.
Emergency Room Overcharges –Surprise!Santa Clara, CA Almost one-third of Americans with health insurance who wind up in an emergency room find out after the fact that their health plan doesn’t cover as much as they thought. Given that there are about 140 million ER visits each year, and “surprise” emergency room charges are so frequent that 59 percent of Americans have been contacted by a debt collector and 16 percent of Americans’ credit reports include medical debt due to overdue medical bills, it’s not such as surprise that this debt totals about $81 billion.
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