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The Rosen Law Firm Announces Investigation
Network News |
2010/09/03 23:18
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pThe Rosen Law Firm today announced that it has commenced an investigation into allegations that China-Biotics, Inc. (China-Biotics or the Company) may have violated the federal securities laws by issuing false and misleading statements to investors about its business and financial condition. /ppRecently, market commentators have published reports questioning the truth of China-Biotics' disclosures about the nature, quality, and number of the Company's retail outlets. Additionally, a recent report calls into question the veracity of China Biotics' financial statements filed with the SEC for the fiscal years ended 2007 and 2008; China Biotics' financial statements filed with the SEC report much higher revenue, income, and assets than the financial statements filed by China Biotics' main operating subsidiary Shanghai Shining Biotechnology Co., Ltd. with the China State Administration for Industry and Commerce. /ppAs a result of these allegations, the Rosen Law Firm is preparing a class action lawsuit on behalf of investors who suffered losses purchasing China-Biotics stock. /ppYou may access the website at a href=http://www.rosenlegal.comhttp://www.rosenlegal.com/a to participate in the proposed class action. /ppIf you purchased China-Biotics securities and would like further information concerning your legal rights or your ability to recover your investment losses, please contact Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email a href=mailto:lrosen@rosenlegal.comlrosen@rosenlegal.com/a or a href=mailto:pkim@rosenlegal.compkim@rosenlegal.com/a or visit the website at a href=http://www.rosenlegal.comwww.rosenlegal.com/a
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Gail Koff, Principal in Jacoby Meyers, Dies at 65
Lawyer News |
2010/09/02 23:22
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| pGail J. Koff, who could be considered the silent partner in the national law firm Jacoby amp; Meyers, a sort of legal Wal-Mart for the middle class, died Tuesday in Manhattan, where she lived. She was 65. /ppThe cause was complications of leukemia, her former husband, Ralph Brill, said. /ppMs. Koff was not there in September 1972 when Stephen Z. Meyers and Leonard G. Jacoby, his former law school classmate at the University of California, Los Angeles, opened their first storefront office in Van Nuys. But her aspirations matched those of the founders, and six years later she became the third partner, though unidentified in the firm’s name, assigned to open the first New York office. /ppRecognizing that the rich can afford lawyers and that the poor have access to free assistance programs, Jacoby amp; Meyers focused on serving average people who could often not afford to hire a lawyer at prevailing rates. /ppThe firm set off something of a revolution in the field by using mass-marketing techniques and charging flat fees for services. It opened walk-in neighborhood “legal clinics” staffed by general practitioners who had access to teams of specialists in areas like bankruptcy, real estate, personal injury, divorce and criminal law. /pp“My main interest in the law has always been the availability of local services,” Ms. Koff told The New York Times in 1979. /ppBy then, Mr. Jacoby and Mr. Meyers had started the first television advertising campaign conducted by a law firm. The advertising had a folksy appeal, featuring “two guys named Jacoby and Meyers,” and offered free consultations. It appeared in 1977, just weeks after the United States Supreme Court ruled that law firms, like any other business, could advertise their services. /p |
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An Attorney General Bid Sets a Rare Focus Upstate
Lawyer News |
2010/09/02 23:21
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pThe math is easy: As much as 70 percent of Democratic primary voters in New York State live south and east of Bear Mountain. Accordingly, the candidates in this year’s primary for attorney general have spent much of their time seeking votes in New York City and its suburbs. /ppBut with just a week to go before the vote, an unlikely contest is heating up for the allegiance of upstate Democrats, long the overlooked stepchildren of primary elections. /ppSean Coffey, a wealthy lawyer who is a former federal prosecutor, has in recent weeks saturated markets outside the New York City region with television advertising, doubling the amount spent by the next closest candidate, Kathleen M. Rice, the Nassau County district attorney. Since May, Mr. Coffey has spent at least a day or two each week campaigning upstate. And in debates he has made a point of highlighting the issue of high property taxes, an issue with limited relevance to the attorney general’s office but major importance to suburban and rural voters. /pp“I’m running to be the attorney general of the entire State of New York. Not Manhattan. Not Long Island,” Mr. Coffey said at a debate in Rochester last week, a shot at two rivals, State Senator Eric T. Schneiderman, who is from the Upper West Side, and Ms. Rice, neither of whom showed up for the event. /pp“I can’t win without upstate, and I know it,” Mr. Coffey said. The heavy investment by Mr. Coffey, a novice candidate, reflects a calculation that his most likely path to victory against more established contenders is to win by large margins upstate and place well in New York City’s suburbs. Westchester County is Mr. Coffey’s home base, but it is also home to another candidate, Assemblyman Richard L. Brodsky of Greenburgh. In Nassau County, Ms. Rice is highly popular. /ppMr. Coffey, who is from Bronxville, is also investing heavily to reach out to black and Latino voters, through targeted radio advertising, and to middle-class white voters in Queens and Brooklyn, who are widely seen as the swing vote in this year’s primary. /pp“We’ve actually looked at the history and know that behind every upset victory, upstate has loomed large,” said Bruce N. Gyory, a consultant to Mr. Coffey. “Our read of political history, in a statewide primary, you ignore upstate New York at your peril.”
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Securities Arbitration / Litigation Lawyers
Marketing |
2010/09/02 13:57
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strongMenzer amp; Hill, P.A./strong represents investors in the recovery of losses at the result of brokerage firms' failure to supervise their financial advisors who engage in unsuitable investment recommendations, the excessive trading of investors' accounts, inappropriate allocation of portfolio assets, misrepresentations and/or material omissions of fact resulting in fraud, negligence, breach of fiduciary duties, selling away, failure to advise their clients of risk management strategies and excessive use of margin.
In addition to their legal and arbitration experience, the attorneys and founding partners of Menzer amp; Hill, P.A. bring with them extensive securities industry experience which include in-house and chief corporate brokerage counsel, chief compliance officer supervising and regulating the practice of stockbrokers and financial advisors, as well as sales experience with advising clients and recommending the sale of securities and insurance.nbsp; The attorneys and founding partners have essentially switched hats where they once represented the industry and broker-dealers, they now represent aggrieved investors.nbsp; This yields a unique experience giving the firm intimate knowledge of the misconduct of brokers and the details and nuances of the securities and insurance products they recommend. pstrongPractice Areas
/strongWe represent clients in cases involving the following practice areas:/pullia href=http://www.suemyadvisor.com/securities-arbitration-litigation-attorneyfont color=#330000Securities Arbitration / Litigation/font/a/lilia href=http://www.suemyadvisor.com/annuities-and-insurance-arbitration--litigationfont color=#330000Annuities and Insurance Arbitration / Litigation/font/a/lilia href=http://www.suemyadvisor.com/broker-fraud-investment-advisor-and-financial-planning-arbitration-litigationfont color=#330000Investment Advisor and Financial Planning Arbitration / Litigation/font/a/lilia href=http://www.suemyadvisor.com/hedge-fund-and-alternative-investment-fraud-arbitration--litigationfont color=#330000Hedge Fund and Alternative Investment Fraud Arbitration / Litigation /font/a/lilia href=http://www.suemyadvisor.com/futures-and-commodities-arbitration--litigationfont color=#330000Futures and Commodities Arbitration / Litigation/font/a/li
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Mass. man accused of killing kin pleads not guilty
Headline Topics |
2010/09/02 13:53
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pA Massachusetts man accused of killing his wife, two children and mother-in-law pleaded not guilty Thursday to four counts of first-degree murder as a prosecutor described how he left two copies of a letter confessing to the slayings./ppThomas Mortimer IV was arraigned in Woburn Superior Court on Thursday following his indictment last week. He had previously entered not guilty pleas in district court and has been held without bail since his arrest following the killings in June./ppMortimer frowned as he listened to a clerk read an indictment charging him in the murders of his wife, 41-year-old Laura Stone Mortimer, mother-in-law, 64-year-old Ellen Stone, and two children, 4-year-old Thomas Mortimer V, and 2-year-old Charlotte Mortimer. He did not look at his wife's family members, seated in the front row of the courtroom./ppThe family was found beaten and stabbed to death in their Winchester home./ppDistrict Attorney Gerard Leone has said that the slayings followed a fight and ongoing marital discord. Leone said there were signs that Mortimer attempted suicide at the home.
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Quote stuffing a focus in flash crash probe
Topics |
2010/09/02 10:52
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pU.S. regulators probing the May flash crash are focusing on a trading practice known as quote stuffing, in which large numbers of rapid-fire orders to buy or sell stocks are placed and canceled almost immediately./ppCFTC commissioner Scott O'Malia told Reuters on Thursday that the futures regulator was reviewing data from Nanex LLC, a trade database developer that issued a study suggesting that computer algorithms used quote stuffing to gain an edge during the May 6 crash./ppThe U.S. Securities and Exchange Commission, which is investigating the crash jointly with the Commodity Futures Trading Commission, is looking at quote stuffing and something called sub-penny pricing, a person familiar with the flash crash probe said./ppThe Nanex study uses market graphics and playful names to illustrate quote stuffing, arguing that high-frequency trading firms do this to flood the marketplace with bogus orders to distract rival trading firms./ppInvestors could make trades under the false impression that those orders were legitimate, only to see liquidity disappear and the market move against them when the orders are canceled -- all in the blink of an eye.
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US investors seek pay for pre-WWII German bonds
Industry News |
2010/09/01 23:26
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| American investors are taking the German government to court in the U.S. over tens of thousands of bonds sold by the country in the aftermath of World War I.pThey're asking federal courts to force Germany to repay the 80-year-old bonds, which today could be worth hundreds of millions of dollars./ppThe German government says the lawsuits are baseless and that bondholders must go through a validation process enshrined in German law./ppBut the bondholders say a nightmarish maze of bureaucratic red tape has been built around the validation process./ppAction has been heating up in lawsuits filed in Miami, New York and Chicago, including a victory for investors last month when an appeals court rejected Germany's attempt to dismiss their case./p |
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