A Bergen County, New Jersey, judge has ordered two law firms – Paul, Weiss, Rifkind, Wharton & Garrison and Lowenstein Sandler - to pay an amount in sanctions that is believed to be sufficient to deter repetition of their misconduct and to compensate defendant for the frivolous litigation in a suit they filed on behalf of the […]
“To measure the quality of the lawyer by the hourly rate, that’s not the right way to do it.” Christopher L. Weiss, Esq., from the law firm of Weiss Esq., Ferro, Labella & Zucker, LLC. Mr. Weiss said this on June 9, 2010, to the Superior Court of New Jersey, Chancery Division, Bergen County, during […]
According to the Washington-based Investor Protection Trust, a nonprofit that promotes shareholder education, one out of five Americans over the age of 65 has been the victim of an investment scam. There are well over 35 million Americans over the age of 65, which equates to more than 7 million seniors who have been abused […]
I have been asked if investors who hold accounts with large broker-dealers containing public securities need to be concerned about becoming a victim of an investment scam. The answer is unequivocally, “yes.” It is important at the onset of the relationship to conduct a thorough broker check in order to know the person with whom […]
On August 3, 2010, the North American Securities Administrators Association (NASAA) released its annual list of top 10 traps that investors know about. NASAA President and Texas Securities Commissioner Denise Voigt Crawford said investors rebuilding nest eggs damaged by the market collapse as well as those frustrated with low interest rates are particularly […]
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