R. Allen Stanford’s businesses have been shut down by the Securities and Exchange Commission pending an investigation of charges that they engaged in fraudulent investment practices such as:
- lying about historical data related to their investment products and
- promising unrealistic rates of return.
Stanford Financial has offices in Texas and Mississippi, namely Jackson, Columbus, and Tupelo.
The Mississippi Secretary of State has subpoenaed Stanford’s records in what could be a $9 billion fraud.
If you have investments with any of the Stanford Financial businesses, please contact us to protect your legal rights. Our number is 601.376.9331. Or, you can fill out the short submission form below, and we’ll get back to you immediately.
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In a 9-0 opinion, which can be found here, the Mississippi Supreme Court upheld a trial court’s denial of a motion to compel arbitration.
In Trinity Mission Health and Rehab, LLC v. Ruth Lawrence, Mrs. Lawrence sued Trinity over the death of her husband. Trinity moved to compel arbitration claiming that Mr. Lawrence had signed an arbitration agreement. Further, Trinity argued that Mrs. Lawrence had signed the arbitration agreement and had authority to bind Mr. Lawrence.
The Court rejected both arguments and found that Mrs. Lawrence’s claims can proceed to a trial on the merits in circuit court, not arbitration. The opinion is good news for those of us fighting against the continual erosion of our jury system and the emergence of arbitration.
Good job to the lawyers representing Mrs. Lawrence and who briefed the case to the Court — Trae Sims and Ben White.
February 13, 2009 — Today, the company that caused a massive outbreak of salmonella food poisoning from peanut butter products — and may have caused numerous deaths — filed for bankruptcy. Peanut Corporation of America filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Western District of Virginia.
In Chapter 7 bankruptcy, corporations liquidate their assets to create cash for creditors.
This bankruptcy will certainly affect the claims of people who have been injured by the salmonella outbreak and peanut butter recall. Injured persons need to move quickly to protect their rights.
If you’ve been injured as a result of salmonella poisoning from peanut butter, call us now at 601.376.9331 to protect your claim. Or, you can fill out the short submission form below, and we’ll get back to you within 24 hours, if not sooner — even on weekends.
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On January 20, 2009, Heartland Payment Systems, which provides payment and payroll solutions to some 250,000 businesses nationwide, announced a security breach in which private consumer information was potentially stolen. The Better Business Bureau states that Heartland processes more than 100,000,000 transactions a month.
The story is developing and Herrington Law, PA is staying current on those developments.
If you have reason to believe that your private debit/credit card and/or bank account information has been affected, please give us a call at 601.949.9456 or please fill out the short form below.
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In a matter of first impression, the federal Second Circuit Court of Appeals has ruled that a court, not an arbitrator, should determine the lawfulness of a class action ban in an arbitration agreement.
The decision in In Re: American Express Merchants’ Litigation can be found here.
