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Posts tagged "deceptive trade practices"

Used-Car "Liar Loans" Prey on Vulnerable Borrowers, Destabilize Financial Markets

The financial crisis of 2008, widely considered the worst since the Great Depression, stemmed from the securitization of risky mortgage loans sold to investors at wildly inflated prices. In essence, mortgage companies eager for even more business began encouraging borrowers to take out mortgages on homes they could not afford. These subprime mortgages - called "liar loans" by some because they were often based on falsified paperwork and inflated incomes - were then bought by investment banks that bundled them up and sold to big investors at prices that did not reflect the creditworthiness of the borrowers. When the housing bubble burst and borrowers began defaulting on their mortgage payments, the value of those investments declined, throwing the entire financial system into chaos and millions out of their homes.

Credit Report Company to Pay Millions for Inaccurate Credit Report

A jury has ordered Equifax to pay an unprecedented eighteen million dollars to an Oregon woman who spent over two years trying to get her credit report corrected.

Anheuser-Busch Accused of Watering Down Its Beer

Anheuser-Busch has systematically cheated consumers and violated Texas law by watering down Budweiser and its other beers to reduce alcohol content below advertised levels, a federal lawsuit filed last Thursday in Dallas alleges. The lawsuit states that the alcohol content is mislabeled on the brands Budweiser, Michelob, Michelob Ultra, Hurricane High Gravity Lager, King Cobra, Busch Ice, Natural Ice, Bud Ice, Bud Light Platinum, and Bud Light Lime.

FedEx Sued for Civil Racketeering

A recent lawsuit accuses FedEx of systematically overcharging business and governmental customers on a wide scale. The class action lawsuit claims that FedEx charged the higher residential rate for packages that were being sent to many businesses and governmental offices at the higher residential rate. The suit alleges that FedEx overcharged these customers by as much as $3 per package, with millions of packages having been overcharged. Many of these charges were made for delivery to addresses that were obviously not residential addresses including banks, courthouses, and governmental offices. It is alleged that FedEx even charged the residential rates to packages sent to its own corporate offices.

  • $50+ Million Personal Injury Fire and Explosion

    The firm successfully represented nearly 100 victims who suffered personal injuries and damages to property from a large fire and explosion resulting in a settlement of more than $50 million. The firm served as lead lawyers on the steering committee in this litigation.

  • $80 Million Personal Injury Large Plant Explosion

    The firm successfully represented 270 plaintiffs, taking a lead role in the plaintiffs’ steering committee, who suffered injuries in a large plant explosion resulting in a settlement of nearly $80 million.

  • $50+ Million Personal Injury Plant Fire and Explosion

    The firm successfully represented 45 personal injury victims in a plant fire and explosion, serving on the plaintiffs steering committee, concluding with a settlement of more than $50 million.

  • $22+ Million Personal Injury Work Site Accident

    The firm prevailed in a personal injury trial for a worksite injury client with the jury returning a verdict and resulting in a judgment of over $22 million for the firm’s client.

  • $12 Million Auto Accident 18-Wheeler Collision

    The firm successfully achieved a $12 million settlement for the family of a man who died in an 18 wheeler collision.

  • $30 Million Personal Injury Burn Victims

    The firm prevailed on behalf of three burn victims with settlements totaling nearly $30 million.

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