Month: February 2009

Abraham Watkins

Stanford Financial Group Sued by Firm

Stanford International Bank, Ltd. (SIB) was one of several entities within the Stanford Financial Group (SFG). SIB issued Certificates of Deposit to those seeking a safe investment and a dependable return. However, the opposite occurred. Recently, at the request of the Securities and Exchange Commission, a federal court in Dallas appointed a receiver to take…

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Abraham Watkins

Law Firm Eyes New Claim Against Stanford

The recent SEC action against Stanford Financial Group comes as no surprise to our law firm as we have recently successfully concluded a lawsuit against Stanford. Our law firm represented a group of investors who allege fraud and misrepresentation against Stanford Financial Group involving an investment opportunity in which Stanford acted as the investment banker….

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Abraham Watkins

National Highway Transport Safety Administration Considering The Expansion Of Minimum Safety Standard – FMVSS 206

The National Highway Traffic Safety Administration has proposed an upgrade Federal Motor Vehicle Safety Standard No. 216 (FMVSS 216) would require that a roof withstand an applied force equal to 2.5 times the vehicle’s weight while maintaining sufficient headroom for an average size adult male. The current standard is 1.5 times the vehicle’s weight. The…

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Abraham Watkins

Supreme Court Rules Against Deceased Worker’s Family

In the case of In re Union Carbide Corporation, an opinion released on January 9, 2009, the Texas Supreme Court ruled against the survivors of a worker who died from industrial toxic exposure. Initially, a fellow worker named Kenneth Moffett brought suit for personal injuries because he contracted myelogenous leukemia from toxic exposure at Union…

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