Will Puerto Rican Bonds Be the Next Wave of Litigation?

After large funds sued Argentina to recover on their defaulted bonds and walked away with a huge windfall settlement, they set a new precedent for litigation for investors to consider. With Puerto Rico now on the brink of being unable to pay its debts, investors are already gearing up for litigation to recover on the bonds they own. The U.S. government is considering a law to help the country restructure its debt as well which might lead to restrictions on bondholders ability to recover their investments. Click here to read more.

SEC Sues Companies and Executives for Accounting Fraud

The Securities and Exchange Commission announced settlements in two financial, accounting fraud cases against companies and then-executives. In one case, technology manufacturer Logitech International agreed to pay a $7.5 million penalty for fraudulently inflating its fiscal year 2011 financial results by failing to write-down millions in excess inventory and its executives agreed to pay penalties of $50,000 and $25,000, for violations related to Logitech’s warranty accrual accounting and failure to amortize intangibles from an earlier acquisition. In the other case, three then-executives at battery manufacturer Ener1 agreed to pay penalties for the company’s materially overstated revenues

Families Sue Sperm Bank Over DNA

More and more people are using insemination and in vitro fertilization causing them to put their trust in corporate sperm banks to provide half of their child’s DNA creating novel issues some of which are not yet subject to strict regulations on industry practices. One such situation involves a lawsuit brought by three families against Xytex, a Georgia sperm bank, for failing to inform them that their sperm donor had schizophrenia and a serious criminal history thereby putting at least 23 children to have a genetic predisposition to schizophrenia and potential behavioral issues. Click here to read more.

Some "All Natural" Products May Not be What They Claim

The FTC is cracking down on companies with products, including sunscreens, moisturizers, shampoos, conditioners, and shower gels, that claim to be "all natural" even though they contain synthetic ingredients such as “Dimethicone,” “Phenoxyethanol,” “Polyethylene,” “Butyloctyl alicylate,” “Polyquaternium-37,” or “Neopentyl Glycol Diethylhexanoate.” According to the FTC, the falsely advertised product included “All Natural Hand and Body Lotion,” sold under the trade name ShiKai, and “Coconut Shea All Natural Styling Elixir,” sold under the trade name EDEN BodyWorks. Click here to read more.

SEC to Focus on Private Silicon Valley Companies

In recent speeches and presentations, the Securities and Exchange Commission indicated its increasing concern with private companies and in particular “Silicon Valley Initiative,” that are pre-IPO companies and “unicorns” that are private start-up firms with valuations greater than $1 billion. Click here to read more.

Regulators Recommend Use of New Broadband Labels

Regulators, including the Federal Communciations Commission and Consumer Financial Protection Bureau, are encouraging companies that sell monthly Internet service to start using nutritional fact-styled labels. The labels will display price and data allowance of monthly Internet service, other fees, Internet speeds, and links to privacy and network management practices to allow customers to more easilly comparison shop. Click here to read more.

Investment Scheme Lured Seniors with Free Dinner

The Securities and Exchange Commission charged four individuals in an investment fraud aimed at seniors who they solicited with a “free dinner” at investment seminars in Florida. The SEC alleges that they created fraudulent marketing materials including some with performance numbers that were “cut and pasted” from another firm’s website. Click here to read more.

Featured Posts
Recent Posts
Search By Tags
Follow Us
  • Facebook Basic Square



Andersen Sleater Sianni LLC © 2018 |  LEGAL NOTICE AND PRIVACY POLICY                   Created by NYCWebsitesDesign.com


  • w-facebook