1. Motor Vehicle Accidents
    1. Auto Accidents
    2. Truck Accidents
    3. Motorcycle Accidents
  2. Defective Products
    1. Defective Automobiles
    2. Toys
    3. Car Seat
    4. Cribs
  3. Industrial Accidents
  4. Construction Accidents
  5. Brain Injury
  6. Long Term Disability
  7. Wrongful Death
  8. Workers' Compensation
  9. Medical Malpractice
    1. Birth Injury
  10. Federal Tort Claims Act
    1. Veterans' Administration Hospital Negligence
      & Malpractice
  1. Securities Arbitration Process
  2. Unsuitable Securities Recommendation
  3. Misrepresentation and Omission
  4. Churning
  5. Unauthorized Transactions or Trading
  6. Breach of Fiduciary Responsibilities
  7. Overconcentration
  8. Mutual Fund Fraud
  9. Annuities Fraud
  10. Securities Fraud FAQ
  1. Bedsores
  2. Falls
  3. Malnutrition and Dehydration
  4. Abuse (Physical, Sexual and Mental)
  5. Nursing Home FAQ
  1. Defective Pain Pump
  2. MRI/Gadolinium NSF
  3. Kugel Mesh Hernia Repair Patch
  4. Ortho Evra Birth Control Patch
  5. Ketek and Levaquin
  1. What a Lawyer Can Do for You
  2. Social Security Timetable
  3. Qualifying Disabilities
  4. Social Security FAQ
  1. Consumer Class Actions
  1. Wage Disputes
  2. Overtime
  3. Whistleblowers
  4. Long-Term Disability Benefits Denial

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2151 Highland Ave., Ste. 120
Birmingham, AL 35205

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BH&F Blog

Thursday, July 24, 2008

FINRA Evaluates Arbitration Panels

Mike Barris of Dow Jones Newswire reports that the Financial Industry Regulatory Authority will launch a two-year pilot program this fall that ultimately aims to give investors greater choice when selecting an arbitration panel. The program comes as a battle over reforms for the arbitration process takes shape. Investors' advocates and industry representatives are girding for what is expected to be a fractious 2009 as each side tries to persuade Congress to adopt its position. At a conference last month hosted by the North American Securities Administrators Association, investors' advocates spoke passionately about their belief that consumers don't get a fair shake when they are forced into pre- dispute arbitration agreements, which most brokerage firms require clients to sign as a condition of opening accounts.
To read full article, click here.

posted by BHF at 10:33 AM 0 comments

Thursday, July 17, 2008

Wachovia Auction Rate Securites Probed

Liz Rapaport of the WSJ reports that a team of 10 state securities regulators showed up at the St. Louis headquarters of Wachovia Securities Thursday to demand documents and conduct interviews about the firm's sales and marketing practices. The group includes investigators from Missouri, Illinois, Massachusetts, New Jersey, Pennsylvania and other states, all of which are part of a task force of state regulators investigating auction rate securities and led by the Massachusetts securities regulator. They are all members of the North American Securities Administrators Association. The Missouri Secretary of State Robin Carnahan's office has also subpoenaed more than a dozen Wachovia Securities agents and executives seeking more information and records on its auction rate securities business, according to a statement issued by the office.
To read full article, click here.

posted by BHF at 1:28 PM 0 comments

Wednesday, July 16, 2008

SEC Subpoenas Wall Street

David Scheer of Bloomberg reports that the U.S. Securities and Exchange Commission subpoenaed Wall Street's biggest firms and hedge-fund advisers in a widening effort to crack down on suspected manipulation of Lehman Brothers Holdings Inc. and Bear Stearns Cos. shares. The SEC's enforcement unit demanded information from investment banks including Goldman Sachs Group Inc., Deutsche Bank AG and Merrill Lynch & Co., according to two of the people, who declined to be identified because the inquiries aren't public. The Washington-based regulator is seeking trading records and e- mails, one of them said.
To read full article, click here.

posted by BHF at 8:57 AM 0 comments

Monday, July 14, 2008

Defective Drugs

Before being given approval by the Food and Drug Administration (FDA), a prescription medication must be proven to be "safe and effective for its intended use." However, the current rules of the Center for Drug Evaluation and Research (CDER) allow the prospective drug manufacturer, known as the "sponsor," to design and perform the research. This often includes designing the experiments, picking the doctors or scientists to perform the experiments, compiling the experimental data, and reporting that data to the CDER. Because the experiments are designed with the hopes of approval and scientists are often chosen based on their relationship to the sponsor (often including an investment in the drug they are evaluating), drug trials tend to promote the possibilities of a drug while downplaying potential side effects.


As a result, many drugs are approved without a full appreciation of many potentially dangerous characteristics. These can include:

  • Serious side effects
  • Long-term exposure effects
  • Dangerous drug interactions
  • Quality control issues


Once a defective drug has made it to the market, it is often accompanied by a big marketing push, similar to any other product, with doctors being invited to promotional seminars on using the new drug and given free samples to distribute. This ensures that a new drug is often widely distributed, sometimes in situations where it is of dubious value. Now that it is being taken by thousands or even millions of people, the real trial begins. This trial will reveal all the dangerous characteristics of the defective drug, but the burden of proof has shifted, and a drug must be proven guilty before it can be recalled.


Researchers have to compile evidence proving the danger posed by the drug, but once this connection is proven, the FDA may not issue an immediate recall. Sometimes, as in the recent case of Trasylol, thousands of people can die between the time that researchers report a dangerous side effect, and when the FDA and the manufacturer decide to issue a recall.


There are many reasons why a defective drug may enter the marketplace, including the simple fact that the human body is an incredibly complex machine and it is impossible to predict all the effects of a drug. But pharmaceutical injury lawsuits play an important role in refining the approval process by making it unprofitable for drug manufacturers to market drugs they know to be dangerous.


If you have been injured by a defective drug, contact the pharmaceutical injury lawyers at Burke, Harvey, and Frankowski, LLC for a free initial consultation.

posted by Patti at 5:13 PM 0 comments

Wednesday, July 2, 2008

SEC Proposes Rule To Protect Seniors

Ellie Behling of Plan Advisor reports that the U.S. Securities and Exchange Commission (SEC)proposed a new rule that would extend its jurisdiction to equity-indexed annuities. As more Baby Boomers retire, it is becoming a larger part of the conscience of regulators to protect aging investors from abusive sales practices, especially in the realm of annuities, where a large proportion of these tricks occur. As a step toward protecting senior investors, the SEC is considering whether certain annuity products should be protected by securities laws.
In a statement released yesterday, SEC Chairman Christopher Cox said the proposed rule would establish standards for determining when an equity indexed annuity is not considered an annuity, and rather a security protected under the securities laws. The product would then be subject to investor protection, such as the requirement of registration and requirements related to truthful and complete disclosure of investments to potential purchasers. Investors would then also be protected from fraud and misrepresentation. “In the future, these protections may significantly reduce the problem of investors being harmed by inappropriate sales of equity-indexed annuities,” Cox said.
To read full story click here.

posted by BHF at 9:28 AM 0 comments

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