August 2, 2013 by Henry
John William Coates, a prominent guardian ad litem in Travis and Williamson counties in Austin, is one of those lawyers who safeguard the rights of children and represent them during legal proceedings. His work deals with having to look after kids’ best interest, but as it turns out, those kids he claims to protect have actually fell victim to his greed. He’s been forging their signatures and misapplying amounts that have added up to more than half a million dollars, and it has reportedly been going on for about 10 years.
Coates had been appointed by the courts to stand as a representative for children under 18 who have been awarded money in lawsuits, money that should have been placed in a trust in the county registry. Authorities found out that he did no such thing. Instead, he has commingled the fund and spent the money on a whim. Investigations … Read the restRead more of this article
December 11, 2013 by Henry
Financing the purchase of a mobile or modular home hasn’t always been easy. For years, mortgage companies did not consider a manufactured home the same as one with a permanent foundation. The only exceptions were double-wides that were going to be placed on an existing foundation in conjunction with the purchase of a piece of land or real estate. Manufactured homes, including mobile homes, double and triplewide homes, were considered to be a temporary structure that could be moved or relocated at any time.
What Has Changed
A few important concepts have changed the way lenders think about manufactured housing. One of the most important changes is the materials with which mobile homes and double-wides are built. Most manufactured housing companies have began using actual drywall instead of wall board. This increases the strength and improves the structure of the home making it more resistant to extreme weather conditions. Newer … Read the restRead more of this article
December 9, 2013 by Henry
Starting up your own fashion store can be a difficult task, especially on the financial part. You often find yourself stuck with your brilliant business idea just because of the limited access to capital. The following are some of the creative ways to top up what you already have so that the initiative finally lifts off.
Your Personal Assets
On average, more than 60 percent of business start-up financing comes from the proprietors themselves. This is according to Consumer Reports that analyses the current trends in the world of business and entrepreneurship. However, the moment the topic of personal finance comes into question, many minds shift to savings accounts, money market accounts, and other checking accounts. At this point, it is crucial for you to know that success in business ventures is not all about liquid assets. If you keenly look around you, there are some high value assets that … Read the restRead more of this article
December 3, 2013 by Henry
Anxious, plaintiffs of a personal injury case are often curious about whether or not their case would take long, or when they can expect to receive awards. But one can never predict how long it will take because each personal injury case is different from the other, though not entirely. Most slip-and-fall, vehicular accident or any other type of injury claim would come to a close after one year. But if it comes to a trial, it will probably take one more year. Personal injury lawsuits due to medical malpractice would usually take longer because of various factors and complicated issues.
Personal Injury Case Continuance
During the early months of a personal injury case, the plaintiff’s injury is usually main concern, along with the diagnosis and medical interventions done to treat the injury. An initial case investigation will then be done by the attorney, and he will also bring … Read the restRead more of this article
November 20, 2013 by Henry
If you’ve had no experience with hiring a lawyer and you’ve just been injured because of someone else’s misdoing, then one of the things you must be concerned about is how much a law firm charges. Personal injury firms to be exact, as they are typically the go-to firms for these kinds of cases.
There are two ways in which personal injury lawyers would usually prefer to receive payment. One is through a contingency plan, wherein you pay your attorney when they’ve managed to obtain proper compensation for your injury. The other is through an hourly rate where you would have to pay them depending on the time they’ve spent working on your case.
Paying Through Contingency Basis
This is the most common way personal injury firms or lawyers use to charge a client for their services. Paying a contingency fee means that a client would have to pay their … Read the restRead more of this article
November 13, 2013 by Henry
Amidst the controversy surrounding their accounting methods, Olam, the second largest rice trader in the world, claim to have enough liquidity to overcome market stress. Carson Block, the founder of the small research firm Muddy Waters LLC, began to call their accounts into question, but Olam’s auditor says that the company “is in a sound financial position.” In addition, representatives also say that “the company has sufficient liquidity in place to meet its financial obligations and those that might arise from stress in the capital markets.”
In a letter issued last Thursday which was addressed to the Olam’s board, Ernst & Young LLP, the auditors for the said company, explained that the financial statements they made conform to Singapore’s reporting standards. In their defense, they said, “We stand by our audit opinions on the consolidated financial statements of Olam.” And Chief Executive Officer Sunny Verghese says that this was just … Read the restRead more of this article
November 6, 2013 by Henry
Every kid’s favorite toy store, Toys “R” Us, along with its legal representatives from Sills Cummis and Gross, faced brutal criticism from a state judge last week because of the fact that they utilized litigation as a strategy in negotiations regarding a new lease for their Times Square branch. Last January 2, 2013, Supreme Court Justice Charles Ramos, in Manhattan, dismissed the lawsuit that the toy company and its counsel worked hard on to recover the 12 years of property taxes that it had been paying as part of its flagship store lease.
Ramos’s decision stated that the “counsel and their clients are admonished to consider that the citizens of this State pay a considerable sum to finance the operations of the Unified Court System.” He continued by writing that “the record reveals that this action was commenced in the midst of lease renewal negotiations. Litigation, with its expense and uncertainty, … Read the restRead more of this article
October 30, 2013 by Henry
Given the circumstances that one out of five insider trading cases in the US has something to do with healthcare stocks, several companies in the industry maintain that their policies that were framed to prevent abuse are enough to meet the needs of the situation. Either that or they just don’t want to talk about the matter at hand. A number of people have been sued and/or charged by US regulators for insider trading since 2007, and 97 of them benefitted from trading information regarding drugs, medical devices, and their manufacturers. Most drug manufacturers either decline to discuss their policies or decline to make adjustments.
The biotechnology company NPS Pharmaceuticals Inc. (NPSP)’s chief executive officer, Francois Nader, describes to insider trading as “rogue cases from time to time,” an opinion he shares with every other drug company executive that was interviewed. Though who oppose, however, say that, if unresolved, will … Read the restRead more of this article
October 23, 2013 by Henry
The recent election had brought about a good omen for the gay and lesbian community, and even for advocates of marijuana. But for those who wanted a change in how food products were labeled, or those in support of soda tax, not quite. A vote for Proposition 37, which seeks to label foods that were made with genetically modified organisms (GMO), appeared to be certain in California, up until the opposition had it derailed.
Money, a whopping $46 million that is, played a big role in this loss. “This wasn’t an election so much as a sale,” said Stonyfield Farm founder and Just Label It! campaign chair Gary Hirshberg. Similarly, money was also a factor in the prevention of soda taxes in El Monte and Richmond. Beverage companies outspent advocates by about $3.3 million.
Do the types of food we eat benefit our health or predispose us to a number … Read the restRead more of this article