Our tendency to avoid discussions of money with our aging parents is not just unfortunate, but can have serious financial consequences when things go wrong.
Green, Schafle & Gibbs represents a Pittsburgh couple who are suing Howmedica Osteonics Corporation d/b/a Stryker Orthopaedics for a defective hip implant. Attorneys Michael Schafle and Jon Acklen filed a complaint on behalf of their clients last month in US District Court alleging that Stryker’s hip implant had a design defect and failed.
Widely considered one of the most pressing problems of our times, elder abuse and particularly elderly financial abuse have received national attention, thanks to initiatives by the Department of Health, the Department of Labor, and the Obama Administration. These agencies have focused on the loss of billions of dollars per year in retirement savings among not just millionaires but ordinary hard-working and retired Americans.
Each month and again on a quarterly basis, the agency that regulates the financial industry, FINRA (Financial Industry Regulatory Authority), produces a detailed report that runs down all disciplinary actions recently taken against brokerage firms and brokers. This long list of alleged wrongdoing and misconduct reads a lot like a police blotter. We strongly encourage any investor who suspects their broker and/or broker-dealer of having lost them money on dubious terms to at least skim this report to see if you recognize any names, schemes, products, or securities.
Our firm currently represents former customers of Malcolm Segal who lost a significant amount of money in one of his fraudulent or nonexistent CDs. If you or anyone you know may have been damaged by Segal’s scheme, please contact our experienced securities litigation attorneys immediately to protect your legal rights.
According to a revealing new report by NJSpotlight.com, which organized data provided by investigators who annually inspect 364 New Jersey nursing homes accepting Medicare and Medicaid, “the average New Jersey nursing home has about six deficiencies, ranging from food preparation to fire exits without proper signage and lighting to physical abuse.”
A recent article on The Street.com concerning revelations about a FINRA arbitrator with a shady past should remind aggrieved investors how important it is hire an attorney who is intimately familiar with the arbitration process.