Bellwether IVC Filter Trial Kicks Off in March

Bellwether IVC Filter Trial Kicks Off in March

Over 4000 lawsuits have been filed against the two largest manufacturers of IVC (inferior vena cava) filters. In March, the first bellwether trial for these suits, against C.R. Bard and Cook Medical, will be heard. Patients around the country suffering as a result of defective IVC filters are waiting anxiously to see how the justice system will handle their plight.

FINRA Fines Citigroup $11.5 Million for Inaccurate Info to Customers, Brokers

FINRA Fines Citigroup $11.5 Million for Inaccurate Info to Customers, Brokers

From February 2011 to December 2015, Citigroup displayed to investors, brokers, and supervisors inaccurate ratings related to more than 1,800 equities, or more than 38% covered by the firm. These mistakes included the wrong execution recommendations (“buy” instead of “sell”); ratings which were mixed up between securities; or non-ratings for securities which were actually rated.

Investigation into Philadelphia-Area Stockbroker Ponzi Scheme

Investigation into Philadelphia-Area Stockbroker Ponzi Scheme

Green, Schafle & Gibbs has launched an investigation into the alleged Ponzi Scheme operated by Philadelphia-area stockbroker Paul W. Smith. Based in Wayne, PA, Smith operated a long-running Ponzi Scheme using purported investments in The Haverford Group, which costs a group of mostly retired and elderly investors approximately $2.35 million, according to the SEC.

The Dirty Secret of the Securities Industry

The Dirty Secret of the Securities Industry

There’s a universe of advice and information out there for investors looking to educate and protect themselves. Tune in to MSNBC or visit TheStreet.com and you’ll find a million answers to million different questions related to investing intelligently. But for all this “noise” about investing, there is some basic, critical information you probably will not hear about that could make all the difference to your financial well-being.

Defective Hip Implants & Your Legal Rights

Defective Hip Implants & Your Legal Rights

Getting hip implant surgery these days is easy enough. Unfortunately the problems tend to start after the procedure, when many patients notice symptoms and side-effects related to defective hip implant technology. In some cases, the technology is so dangerous - and causes so much pain - that hip implant revision surgery becomes necessary. In such cases, you may need to explore your legal rights.

Firm Announces FINRA Award of Over $63K Against Morgan Stanley Smith Barney

Firm Announces FINRA Award of Over $63K Against Morgan Stanley Smith Barney

In a notable FINRA arbitration award released late last month from a Philadelphia, Pennsylvania Arbitrator.  Philadelphia-based FINRA attorney arbitration law firm, Green, Schafle & Gibbs, has secured a more than $63,000 arbitration award from brokerage firm Morgan Stanley Smith Barney to an investor who had sought $80,000 in financial damages.

Elder Financial Health Impacts US Economy, says Philly Fed Chief

Elder Financial Health Impacts US Economy, says Philly Fed Chief

As the baby boomer generation ages, the financial exploitation of older Americans becomes more and more of a problem. It not only affects individual wealth and security, but it has a ripple effect that extends outward to families, society and the national economy.

Nursing Home Abuse Strikes Close to Home in Darby PA

Nursing Home Abuse Strikes Close to Home in Darby PA

Last week, St. Francis Center for Rehabilitation and Healthcare of Darby, Pennsylvania was raided due to an inspection in early August. The initial inspection was prompted by complaints of mistreatment of patients.

Bellwether Trial in IVC Filter Lawsuits

Bellwether Trial in IVC Filter Lawsuits

A bellwether trial on October 23, 2017 will structure arguments for future matters pertaining to faulty IVC filter devices. This case is relevant for victims of faulty IVC filters because it will determine whether the manufacturer was negligent in selling and producing a product that has allegedly caused a number of injuries and fatalities.

IVC Filter Overuse and Potential Dangers

IVC Filter Overuse and Potential Dangers

In 2010, the FDA issued a safety warning over inferior vena cava (IVC) filters, a type of vascular filter implanted into the heart by radiologists or surgeons in order to presumably prevent life-threatening pulmonary emboli (PEs). In the years following the warning, the rate of implantation slowed, although it is still more than 10x higher than in Europe.

Securities Industry and the "Best Interest Standard" for Investors

Securities Industry and the "Best Interest Standard" for Investors

For decades, broker dealers and financial advisors were only required to uphold their “fiduciary duty” toward client-investors. Now the US Department of Labor and FINRA are working together to enforce a higher standard of care - the "best interest standard." But is it really a higher standard?

Green, Schafle & Gibbs Represents Couple in Stryker Hip Implant Suit

Green, Schafle & Gibbs Represents Couple in Stryker Hip Implant Suit

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.