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FDAzar > Blog/News (Page 5)

ELECTRIC SCOOTERS: FAST, CHEAP, AND RISKY?

Scooter rental

In just a few months, the dockless electric scooter has evolved from an oddity to a common sight in many major American cities. And as the numbers have increased, so has the level of annoyance among pedestrians and motorists, many of whom regard the whizzing, toy-like conveyances as too flimsy for the roads and yet too fast for the sidewalks. But others have embraced the phenomenon, seeing in the easy-rent, drop-anywhere vehicles a welcome solution to urban traffic, a way to negotiate congested areas quickly, at a fraction of the cost-per-mile of a gas-guzzling car. Some even regard such “smart mobility”...

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CENTURYLINK LAWSUIT: RETIREMENT FUND INVESTORS SEEK CLASS ACTION STATUS

A motion filed in U.S. District Court in Denver asks a federal judge to grant class action status to a lawsuit against CenturyLink, claiming that the telecom giant mismanaged a retirement fund and cost beneficiaries millions in losses from bad investments. Bonnie Birse and Gerad Detwiler, the named plaintiffs in the suit, are seeking class action certification on behalf of thousands of other participants in the CenturyLink Dollars and Sense 401(k) Plan who invested in the underperforming fund over a five-year period, from April 2012 to the end of September 2017. CENTURYLINK LAWSUIT – A QUESTION OF PERFORMANCE At issue is the Active...

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AZAR FIRM SUES FACEBOOK OVER LATEST SECURITY BREACH

Facebook users affected by the social media giant’s latest security breach have filed a federal class action lawsuit against the company, claiming that a flaw that allowed hackers access to personal data has exposed millions of people to the risk of identity theft. The lawsuit was filed late last week in the Northern District of California by Franklin D. Azar & Associates on behalf of named plaintiffs in California, Colorado and New Jersey. The complaint seeks class action status on behalf of all Facebook users whose private information was compromised by the massive data breach. WHAT IS THE FACEBOOK BREACH? Facebook announced on...

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RECENT PRODUCT LIABILITY LAWSUITS: BIG VERDICTS AND SETTLEMENTS

Defective drugs, medical devices and household products injure thousands of Americans every year. Many assume that if a product is on the market, it’s undergone rigorous testing by the government, but that’s not always the case. As we noted in an article a few weeks ago, efforts by the Food and Drug Administration to make it easier for companies to introduce new products may be jeopardizing patient safety; demands to cut through the red tape of regulatory review have led to consumers being exposed to pricey drugs of dubious efficacy, with potentially serious (or simply unknown) side effects, as well as...

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Azar Law Firm Named Lead Counsel in Securities Class Action Against Flex, Ltd.

DENVER— Franklin D. Azar & Associates, P.C., has been appointed as co-Lead Counsel in a federal securities class action lawsuit filed against the global electronics giant Flex, Ltd., and two of its senior executives. The suit seeks to recover losses suffered by Flex investors after, the complaint alleges, Flex and its senior executives made material misstatements and omissions concerning the company’s internal controls over financial reporting. FDAzar and the Boston-based Thornton Law Firm are litigating the case as co-Lead Counsel on behalf of the Lead Plaintiff, the Bristol County Retirement System, and other Flex shareholders who comprise the putative class members....

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THE MAIN CAUSES OF TEENAGE CAR ACCIDENTS – AND HOW TO PREVENT THEM

There are plenty of jokes made by nervous parents when there’s a new driver in the household, but the statistics for car accidents involving teens are no joke. According to the Centers for Disease Control and Prevention, motor vehicle crashes are the leading cause of death for teens in the United States, claiming six victims aged 16-19 every day. Many of those deaths are preventable, and there are solid strategies for educating teen drivers to improve their safety for years to come. But first it’s important to understand the factors involved that make teen driving so hazardous. HOW BIG IS THE TEEN...

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JOINT REPLACEMENT SURGERY: STUDIES QUESTION COST, NECESSITY

knee replacement x-ray

We live in a society that prizes fitness, and more Americans are pursuing active lifestyles later in life than ever before. That, in turn, has made joint replacement surgery an increasingly attractive — and common — procedure for weekend warriors who are battling arthritic knees and stiff hips. According to a recent Journal of the American Medical Association article, in 2014 more than half a million hip replacement and 723,000 knee replacement surgeries were performed in the United States, at an estimated cost of $20 billion. Americans are getting artificial joints implanted at a significantly higher rate than other countries, and...

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ROUNDUP CANCER LAWSUIT – HERBICIDE AND BREAKFAST CEREAL: CAUSE FOR ALARM?

Oats in the field

When it comes to our food supply, we live in an age of uncertainty. News reports tell us of outbreaks of contaminants at favorite restaurants, recalls at the supermarket, new studies that indicate some “miracle” foods aren’t as beneficial as we thought, or competing claims about whether certain trusted, brand-name products help us or hurt us in our quest for healthy eating. The flood of conflicting information makes it hard to keep up — and might even leave you feeling overwhelmed. But certain developments deserve more attention. One startling example: The recent sizable verdict in the Monsanto lawsuit involving a widely...

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WHAT GOES UP: THE VOLATILE WORLD OF CRYPTOCURRENCY

Bitcoins

Tales of instant wealth are hard to resist. Popular media accounts about the emerging markets for cryptocurrency are teeming with stories of overnight Bitcoin millionaires — like the 19-year-old investor featured in this CNBC report, who parlayed a $1000 gift from his grandmother into a fortune that CNBC valued at $4.4 million. Spurred on by such news, a stampede of hopefuls have plunged into the cryptocurrency markets in the past two years, hoping to make a killing, even if they don’t know the difference between a blockchain and a blockbuster. Unfortunately, those who belatedly joined the feeding frenzy have seen...

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PLAN PARTICIPANTS WIN ROUND IN BATTLE OVER NATIONWIDE 401K FEES

A federal judge has denied a motion to dismiss a lawsuit that claims financial services giant Nationwide Insurance Company is charging excessive fees for recordkeeping for 401(k) plans. The lawsuit, filed in June 2017 by Denver law firm Franklin D. Azar & Associates, alleges that Nationwide charged the Andrus Wagstaff, PC 401(k) plan and other similarly situated 401(k) plans excessive fees for recordkeeping and other services, resulting in charges as high as $625 per participant in 2014 and $500 per participant in 2015. The lawsuit alleges that those fees are almost ten times the reasonable charge for recordkeeping and other services,...

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