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Transit expert lawyers to help NJ fight tunnel tab
Law Firm News |
2010/12/03 09:53
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pGov. Chris Christie approved a law firm with expertise in federal transit issues to help challenge a $271 million tab the federal government says the state owes for a canceled rail tunnel./ppChristie's office said the governor had signed off Thursday on the selection of the Washington, D.C., firm of Patton Boggs. Rodney Slater, who served as U.S. transportation secretary under President Bill Clinton, and former Republican U.S. Sen. Trent Lott are among the partners./ppWe're delighted to have been engaged by the state, said Stuart Pape, the firm's managing partner. The firm, which has an office in Newark, is assessing its strategy, Pape said./ppChristie killed the $8.7 billion tunnel from New Jersey to New York City on Oct. 27, citing potential cost overruns that he said could add $2 billion to $5 billion or more to the price./ppThe federal government and Port Authority of New York and New Jersey each contributed $3 billion to the project, while New Jersey's share was $2.7 billion. The state and Port Authority were responsible for overruns./ppChristie is fighting a bill for the return of federal money already spent on engineering and construction of the tunnel. The Nov. 24 bill from the Federal Transit Authority seeks payment within 30 days./ppIt's not surprising that the same federal transit agency that had no clear way to pay for cost overruns of a project already hurt by poor planning and inequitable cost sharing is relying on bureaucratic power plays to wring even more money out of New Jerseyans, Christie said in a statement Thursday./pp
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Local law firm welcomes two new additions
Legal Focuses |
2010/12/03 09:53
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pThe law firm of Cunningham, Mitchell amp; Rocconi welcomes two attorneys, Elizabeth Sissy Rankin and Roman Hankins./ppRankin returns to the firm after serving as a General Sessions and Juvenile Court judge in Montgomery County.
Hankins returns to his hometown after graduating from the University of Tennessee-Knoxville with a bachelor of business administration degree and a doctor of jurisprudence./ppWe are very honored to have both Sissy and Roman join us, said Jack Mitchell, senior partner of the firm, in a news release. Sissy's experience as a judge brings additional value to the litigation practices of our firm, and we are excited about Roman's potential after graduating UT with honors./ppLarry Rocconi, another partner of the firm, sees additional opportunities for growth with the new hires. We have been very fortunate in this economy to have an active practice and loyal clients. By getting Sissy back and bringing Roman on board, we can continue to provide existing and new clients with a high level of service in a timely fashion./ppRankin and Hankins said they share in the enthusiasm at Cunningham, Mitchell amp; Rocconi. When my term as General Sessions judge ended, I knew that I wanted to come back to a strong law firm with a great reputation, both among lawyers and the community as a whole. I'm proud to be back with these gentlemen.
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The Securities Law Firm of Menzer Hill, P.A., Files an Arbitration Claim
Headline News |
2010/12/03 09:52
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pThe Securities Law Firm of Menzer amp; Hill, P.A., a href=http://www.suemyadvisor.comwww.suemyadvisor.com/a, announced today it filed an arbitration claim against NEXT Financial Group (“NEXT”), for its failure to supervise one of its financial advisors who engaged in unauthorized and excessive trading within an investor’s account./ppConsistent with the arbitration claim this Firm just filed, the Financial Industry Regulatory Authority’s (“FINRA”) BrokerCheck website, on November 10, 2010, states that NEXT “did not have a reasonable system for reviewing the transactions of its registered representatives for excessive trading.” /ppGary Menzer, co-founder and managing partner of Menzer amp; Hill, P.A., says “the $400K fine and regulatory action FINRA assessed against NEXT is not surprising considering the activity we uncovered in the account of one of our clients and customer of NEXT.”nbsp; Investors are encouraged to contact Menzer amp; Hill, P.A. if they believe their accounts are being excessively traded by their brokers or are subject to other abuses./ppThe attorneys at the Securities Law Firm of Menzer amp; Hill, P.A. are dedicated to pursuing claims on behalf of investors who have suffered investment losses.nbsp; /ppFor a free case evaluation or to discuss this matter, please contact the Securities Law Firm of Menzer amp; Hill, P.A., at 888-923-9223, or visit us on the web at a href=http://www.suemyadvisor.comwww.suemyadvisor.com/a
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The Securities Law Firm of Klayman Toskes Files Arbitration Claim
Marketing |
2010/11/28 21:08
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pThe Securities Law Firm of Klayman amp; Toskes (Kamp;T), a href=http://www.nasd-law.comwww.nasd-law.com/a, announced today that it filed a securities arbitration claim against Securities America on behalf of a 69 year old retiree from Arizona, seeking to recover $230,000 which was invested in Medical Capital Notes. /ppIn August of this year, Montana's Commissioner of Securities filed a Notice of Proposed Agency Disciplinary Action against Securities America relating to its sales of Medical Capital Notes. According to the Notice, Securities America withheld material information regarding heightened risks from its registered representatives and their clients concerning Medical Capital Notes. Montana's Commissioner of Securities also alleged that Securities America concealed these risks from its brokers and their clients. Additionally, in 2009, Massachusetts' Securities Division filed a Complaint against Securities America relating to its sales of Medical Capital Notes. Massachusetts alleged that Securities America ignored their own due diligence analysts and sold Medical Capital Notes to unsophisticated investors without telling them about the risks involved./ppWhile a class action lawsuit regarding Medical Capital Notes has been filed, Kamp;T reminds investors of the benefits of filing an individual securities arbitration claim, as opposed to participating in a class action lawsuit. By participating in a class action lawsuit, an investor may only recover a nominal amount. However, if one has experienced significant losses in Medical Capital Notes, it may be more beneficial for them to file an individual securities arbitration claim. In 2003, Kamp;T conducted a detailed study of securities arbitration versus class action. The study concluded that investors who file a securities arbitration claim traditionally obtain an overall higher rate of recovery as opposed to participating in a class action lawsuit. To view the full results of the comparison, please visit our web-site: a href=http://www.nasd-law.com/documents/classvr.pdfhttp://www.nasd-law.com/documents/classvr.pdf/a/ppInvestors who purchased Medical Capital securities from a full-service brokerage firm and sustained significant losses can contact Kamp;T to explore their legal rights and options. The attorneys at Kamp;T are dedicated to pursuing claims on behalf of investors who have suffered investment losses. Kamp;T, an experienced, qualified and nationally recognized securities litigation law firm, practices exclusively in the field of securities arbitration and litigation. It continues its representation of investors throughout the world in securities arbitration and litigation matters against major Wall Street brokerage firms./ppIf you have information relating to this announcement or have investment losses of $100,000 or more in Medical Capital Notes, please contact Steven D. Toskes, Esquire or Jahan K. Manasseh, Esquire of Klayman amp; Toskes, P.A., at 888-997-9956 or visit us on the web at a href=http://www.nasd-law.comhttp://www.nasd-law.com/a.
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Judge denies class action in cigarette lawsuits
Topics |
2010/11/28 21:07
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pA federal judge in Maine yesterday denied class-action status to four lawsuits accusing Philip Morris USA of misleading smokers about the health risks of light cigarettes./ppThe ruling by U.S. District Judge John A. Woodcock Jr. concerns lawsuits that were filed in Illinois, Maine, California and Washington, D.C., alleging that Henrico County-based Philip Morris USA marketed light cigarettes as healthier than regular cigarettes in violation of various consumer-protection and false-advertising laws./ppThe lawsuits are among 15 cases that were consolidated for pre-trial proceedings in federal court. In his ruling, Woodcock said the plaintiffs had not met the requirements for class-action status./ppWhile the judge has yet to rule on the remaining cases in the multidistrict litigation, we believe this decision should serve as a persuasive authority in denying class certification in those and other similar cases as well, said Murray Garnick, senior vice president and associate general counsel for Philip Morris USA parent company Altria Group Inc./ppThe federal court ruling in Maine yesterday was in contrast to a decision in a separate lawsuit in New Hampshire state court Monday./ppIn that case, a superior court judge granted class-action status to a lawsuit against Philip Morris USA over its marketing of light cigarettes. A spokesman for Philip Morris USA said the company will appeal that decision to the New Hampshire Supreme Court.
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Ruling on Wal-Mart class-action case may have broader impact
Topics |
2010/11/28 21:07
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pThe fate of the largest job bias lawsuit in the nation's history — a claim that Wal-Mart Stores Inc. shortchanged women in pay and promotions for many years — hinges on whether the Supreme Court will let the class-action case go to trial./ppThe court is likely to announce as soon as Monday whether it will hear the retail giant's appeal asserting that a single lawsuit cannot speak for more than 1.5 million employees./ppBusiness lawyers and civil rights advocates are closely following the Wal-Mart case for its implications for class-action litigation.
This may sound like just a technical, procedural issue, but because of the economics of it, class-action certification is often the most important issue to be decided, said Washington lawyer Roy T. Englert Jr./ppIf the high court permits the Wal-Mart case to proceed as a class action, it will put enormous pressure on the retailer to settle, he said. The plaintiffs have not specified the damages they would seek, but given the size of the class, it could mount into billions of dollars./ppThe U.S. Chamber of Commerce and several large corporations have joined with Wal-Mart, the nation's largest employer, in urging the high court to hear the appeal and to restrict the use of class-action claims.
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