NEW YORK, March 11, 2008 - Levi & Korsinsky, LLP (zlk.com) is investigating declared balance artifice in affiliation with the auction of Auction Rate Securities by Citigroup, Inc (NYSE: C), Bear Sterns (NYSE: BSC), Goldman Sachs (NYSE: GS), J.P. Morgan Securities, Lehman Brothers Holdings (NYSE: LEH), Merrill Lynch (NYSE: MER), Morgan Stanley (NYSE: MS), RBC Dain Rauscher, Wachovia Corp. (NYSE: WB), UBS (NYSE: UBS), H&R Block (NYSE: HRB), E*Trade (NASDAQ: ETFC)(collectively “Broker-Dealers”).
On May 31, 2006, an analysis conducted by the Securities Exchange Commission (“SEC”) appear that the Auction Rate Securities were manipulated by assertive broker-dealers administering the auctions. Among added things, the SEC declared that these broker-dealers break intervened in sales and collaborated with advantaged barter by allurement them to bid at auctions and again compensating them with higher-than-clearing ante in the accessory market. The broker-dealers affianced in such bazaar manipulations in adjustment to abutment the “no bootless auction” business affirmation so that investors would accept the Auction Rate Securities arrangement bazaar was convalescent than it in actuality was. As a result, assertive of the Broker Dealers declared aloft paid a absolute of $13 actor in fines, were accusable by the SEC and ordered to “cease and desist” from committing approaching violations.
Any individuals who purchased Auction Rate Securities from the Broker-Dealers may accept acknowledged rights to balance for any amercement incurred. Information about Auction Rate Securities is accessible at www.auctionratehelp.com.
For added advice apropos your acknowledged rights, amuse acquaintance Eduard Korsinsky, Esq. or Juan E. Monteverde, Esq. of Levi & Korsinsky, LLP at 212-363-7500 or via e-mail at info@zlk.com.
CONTACT: Levi & Korsinsky, LLP
39 Broadway, Suite 1601
New York, NY 10006
Eduard Korsinsky, Esq.
Juan E. Monteverde, Esq.
Tel: (212) 363-7500
Fax: (212) 363-7171
Email: info@zlk.com
Website: www.zlk.com
Levi & Korsinsky, LLP has ability in prosecuting broker balance action and all-encompassing acquaintance in accomplishments involving banking fraud. Levi & Korsinsky, LLP represents investors throughout the nation, apperception its convenance in balance and actor litigation.
2009年12月16日星期三
The Clearman Law Firm - The Clearman Law Firm Investigating Secret Life Insurance Polices Where Banks Reap Benefits When Current, Former Employees Die
HOUSTON – Attorneys from Houston’s The Clearman Law Firm (clearmanlaw.com) are announcement a civic analysis of banks that accept purchased abstruse activity allowance behavior in adjustment to aggregate allowances if accepted and above advisers die.
Many of the world’s better banks accept purchased “bank-owned activity insurance” or “BOLI” for years, including Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM), Bear Stearns (NYSE: BSC), Citigroup (NYSE: C), Wachovia, Washington Mutual (NYSE: WM), Wells Fargo (NYSE: WFC) and abounding others.
“We are investigating banks that assure the lives of advisers after their ability or consent,” says class-action advocate Scott Clearman of The Clearman Law Firm. “These types of behavior account alone the banks, not their employees.”
In a BOLI program, a case designates itself as the almsman of activity allowance behavior accoutrement its employees. Nearly bisected of all U.S. banks accept appear owning BOLI behavior at an estimated amount of $120 billion.
A case purchasing a BOLI action have to accommodate the insurer with claimed advice acceptance to anniversary covered employee, including his or her name, sex, age and Social Security number. Employees’ Social Security numbers are again acclimated to conduct “death sweeps” area banks about appoint alfresco brokers to ambit accessible annal in adjustment to apprentice if an agent or above agent has died.
A being whose activity a case insured after accord may accept a appropriate to sue for the bank’s confiscation of their character (name, sex, age and Social Security number). Employees may be able to balance profits fabricated by the bank, agent and insurer.
“It is acrid that bags of case advisers accept been laid off, and yet the banks still angle to account financially if those advisers die,” says Mr. Clearman.
Since the aboriginal 1990s, Mr. Clearman has been a avant-garde in class-action lawsuits adjoin administration for wrongfully insuring employees’ lives for the employers’ benefit. Following several alone lawsuits for the families of asleep employees, Mr. Clearman pursued battleground class-action claims adjoin Wal-Mart and Fina that resulted in above settlements for his clients.
For added advice on The Clearman Law Firm’s analysis of bank-owned activity insurance, amuse acquaintance Bruce Vincent at 800-559-4534 or bruce@androvett.com.
Many of the world’s better banks accept purchased “bank-owned activity insurance” or “BOLI” for years, including Bank of America (NYSE: BAC), JP Morgan Chase (NYSE: JPM), Bear Stearns (NYSE: BSC), Citigroup (NYSE: C), Wachovia, Washington Mutual (NYSE: WM), Wells Fargo (NYSE: WFC) and abounding others.
“We are investigating banks that assure the lives of advisers after their ability or consent,” says class-action advocate Scott Clearman of The Clearman Law Firm. “These types of behavior account alone the banks, not their employees.”
In a BOLI program, a case designates itself as the almsman of activity allowance behavior accoutrement its employees. Nearly bisected of all U.S. banks accept appear owning BOLI behavior at an estimated amount of $120 billion.
A case purchasing a BOLI action have to accommodate the insurer with claimed advice acceptance to anniversary covered employee, including his or her name, sex, age and Social Security number. Employees’ Social Security numbers are again acclimated to conduct “death sweeps” area banks about appoint alfresco brokers to ambit accessible annal in adjustment to apprentice if an agent or above agent has died.
A being whose activity a case insured after accord may accept a appropriate to sue for the bank’s confiscation of their character (name, sex, age and Social Security number). Employees may be able to balance profits fabricated by the bank, agent and insurer.
“It is acrid that bags of case advisers accept been laid off, and yet the banks still angle to account financially if those advisers die,” says Mr. Clearman.
Since the aboriginal 1990s, Mr. Clearman has been a avant-garde in class-action lawsuits adjoin administration for wrongfully insuring employees’ lives for the employers’ benefit. Following several alone lawsuits for the families of asleep employees, Mr. Clearman pursued battleground class-action claims adjoin Wal-Mart and Fina that resulted in above settlements for his clients.
For added advice on The Clearman Law Firm’s analysis of bank-owned activity insurance, amuse acquaintance Bruce Vincent at 800-559-4534 or bruce@androvett.com.
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