90 results

• Zimmer Biomet Class Action Lawsuit Filed Over Hip, Knee Supply Chain Problems

  January 5, 2017

  Irvin Jackson

  A class action lawsuit accuses Zimmer Biomet of misleading investors about supply chain problems that affected revenue from its hip and knee implant businesses.

• UBS Hit with $18M FINRA Verdict Over Puerto Rico Municipal Bonds

  December 7, 2016

  Irvin Jackson

  UBS has been ordered to pay nearly $19 million to a couple who says the company's mismanagement of its Puerto Rico bond funds cost them millions in damages.

• Seniors Financial Abuse Helpline Has Fielded Thousands of Calls, Helped Recover Millions

  December 6, 2016

  Irvin Jackson

  A hotline for seniors suffering financial exploitation and fraud has received more than 7,000 calls since last year, and has resulted in callers receiving millions in reimbursement from investment firms.

• Elderly Financial Abuse Targeted By Proposed FINRA Rules

  October 25, 2016

  Irvin Jackson

  FINRA is asking the SEC to approve new rules to protect seniors and other vulnerable adults from financial exploitation.

• FINRA Fines May Hit Record Level Against Finance Industry This Year: Report

  October 7, 2016

  Irvin Jackson

  FINRA may be headed toward a record-breaking year in fines against financial institutions, however restitution to customers is down significantly and there has been a slight decrease in the actual number of disciplinary actions.

• Wells Fargo Class Action Filed By Employees Who Say They Were Fired For Not Committing Fraud

  October 6, 2016

  Irvin Jackson

  Two Wells Fargo employees have filed a $2.6 billion class action lawsuit accusing the company of firing or demoting employees who refused to make fraudulent accounts in order to meet sales quotas.

• Wells Fargo Lawsuits Filed by Customers and Employees, Over Fraudulent Accounts

  September 13, 2016

  Irvin Jackson

  Wells Fargo employees say orders to create fake accounts came from executives in a 2014 lawsuit, while customers face forced arbitration hurdles in bringing claims.

• Wells Fargo Fake Bank Account Scam Results in Customer Refunds, $185M In Fines

  September 12, 2016

  Irvin Jackson

  Wells Fargo must pay in excess of $185 million after setting up fake accounts for millions of customers and then charging them overdrafts and minimum balance fees.

• Consumer Watchdog Groups Back Efforts To Limit Forced Arbitration By Banks

  August 19, 2016

  Irvin Jackson

  Public Citizen says it and other consumer groups support a proposed ban of forced arbitration clauses in financial institution contracts which block class action lawsuits.

• Elder Financial Abuse May Impact Nearly 20% of Seniors: Report

  March 24, 2016

  Irvin Jackson

  A new survey finds that a large number of elderly Americans may be victims of financial fraud and calls on doctors and their children to watch for signs of financial abuse.