Available 24/7

Seven Days A Week

720.372.2824

Call Us For A Free Consultation

Facebook

Twitter

LinkedIn

FDAzar > News (Page 2)

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...

Continue reading

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...

Continue reading

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....

Continue reading

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,...

Continue reading

The Craig Silverman Show 710KNUS News/Talk

FDAzar 710 KNUS

Saturday August 18th Frank Azar was interviewed on Craig's Lawyers' Lounge. Follow the link to listen to the full interview and find out more about The Strong Arm. The Interview Summary and Highlights Craig: We've never had a visit from the Strong Arm. Everybody in Colorado knows the Strong Arm. He's got to be one of the most famous people in Colorado. His name is Frank D. Azar and is here in the lounge. Welcome, Frank. Frank: Thanks for having me, Craig. It's been tough getting here. Craig: Well, tell everybody the Frank Azar story. And does it have anything to do with Trinidad, Colorado? Frank:...

Continue reading

OMG, TMI: TIPS FOR PROTECTING YOUR PRIVACY ONLINE

These are tumultuous times out in cyberspace, from the massive data breach at Equifax last year that compromised the personal data of 148 million people to the recent revelations that private information about millions of Facebook users ended up in the hands of a political data firm seeking to influence voter behavior. In the wake of those incidents and others, more and more users of social media doubt their ability to protect their personal information online. According to a survey by the Pew Research Center, only nine percent of respondents are “very confident” that the safeguards on social media sites...

Continue reading

WELLS FARGO CLASS ACTION LAWSUITS SEEK DAMAGES FOR EXCESSIVE AUTO LOAN COSTS

insurance contract

Thousands of motorists who financed their cars through Wells Fargo over the past decade may be entitled to compensation for being forced to buy insurance they didn’t need or for other fees that weren’t properly refunded. Two separate class-action lawsuits filed by Franklin D. Azar & Associates are seeking refunds for bank customers of the improper charges, and class members may be entitled to additional compensation for other damages caused by Wells Fargo’s actions...

Continue reading

FDA DRUG APPROVAL PROCESS CRITICISM AND RISKS

As consumers, we all rely on government regulations and inspections to help insure the safety of the food we eat, the cars we drive, the toys we buy our children. But the safeguards we expect may be flimsier than we think, in one particularly critical area: the development of new pharmaceutical drugs and medical devices, many of which are now reaching the marketplace with minimal testing and weak regulatory oversight. Two recent investigative reports published by distinctly different media outlets, the Atlanta Journal-Constitution and the online watchdog ProPublica, provide disturbing evidence that efforts by the Food and Drug Administration to make...

Continue reading

Payday Loans: A Matter of Life and Debt

Payday Loan Check

The unemployment rate is at the lowest it’s been in decades, but our nation’s economy is still more fragile than many people realize. An estimated eight out of ten American workers — close to 95 million people — are reportedly living paycheck to paycheck, with little in the way of cash reserves to tide them over in the event of a financial emergency. And over the course of a year as many as 12 million cash-poor customers will turn to payday loan operations for short-term, ready cash to help them keep up with their bills. Payday lending is an undeniably controversial...

Continue reading