Texas Lawyers Blog

Sunday, September 2, 2012

Defense Contractor Fraud Whistleblower Lawyer and Military Contractor Fraud Whistleblower Lawyer Handles Defense Contractor Fraud Whistleblower Lawsuits: Virginia grand jury indicts military contractor - Businessweek

Defense Contractor Fraud Whistleblower Lawyer Handles Defense Contractor Fraud Whistleblower Lawsuits and Military Contractor Fraud Qui Tam Lawsuits by Defense Contractor Fraud Whistleblower Lawyer and Military Contractor Fraud Whistleblower Lawyer Jason S. Coomer

Defense contractor fraud is the target of the Federal False Claims Act that offers defense fraud whistleblowers and military fraud whistleblowers large rewards for properly exposing war profiteering and fraudulent defense contractors. Whistleblowers that have knowledge of corrupt government contractors that have sought payment from the government for defective products, services that were never provided, and dangerous products should are eligible for large financial rewards, if they step forward and properly expose defense contractors that cheat the government through False Certification of Product Quality, Product Substitution, Cross Charging, False Certification of Services Provided, Charging for Services or Goods not provided, Violations of the Truth-in-Negotiations Act ("TINA"), Improper Cost Allocation or other fraudulent schemes.

By working with a defense contractor fraud whistleblower lawyer or military contractor fraud whistleblower lawyer, the whistleblower can increase their ability to properly expose defense contractor fraud as well as be protected from illegal retaliation. For more information on Military Contractor Qui Fraud Tam Lawsuits and Defense Contractor Fraud Qui Tam Lawsuits, please feel free contact Texas Military Contractor Fraud Whistleblower Lawyer and Defense Contractor Fraud Qui Tam Lawyer Jason S. Coomer or go to the following web page: Defense Contractor Fraud Whistleblower Lawyer and Military Contractor Fraud Whistleblower Lawyer.

Virginia grand jury indicts military contractor - Businessweek

"ROANOKE, Va. (AP) — A federal grand jury in Virginia indicted a military contractor Thursday on charges of misrepresenting the level of protection provided by armored vehicles used by VIP convoys in Iraq. The 13-count indictment charges Armet Armored Vehicles and its president, 67-year-old William R. Whyte of Ontario, Canada, with major fraud against the United States, wire fraud and false claims.

"The Department of Justice has no higher priority than protecting our national security," U.S. Attorney Timothy J. Heaphey said in a written statement. "We will work to ensure that the goods provided by contractors to the brave men and women of our military meet safety standards and contract specifications."

Texas Fatal Accident Lawyers Represent The Families of People That Have Been Wrongfully Killed and Make The World Safer By Preventing Future Fatal Accidents by Texas Fatal Accident Lawyer and Texas Accident Death Lawyer Jason S. Coomer

Texas Fatal Accident Lawyers Help Parents, Spouses, Children, and Other Family Members Seek Compensation for Lost Loved Ones and Investigate Dangerous Policies, Negligent Actions, and Hazardous Conditions that Help Prevent Future Fatal Accidents by Texas Fatal Accident Lawyer and Texas Accident Death Lawyer Jason S. Coomer

Losing a loved one is difficult. This is especially true if your loved one is killed by the carelessness, conscious disregard, or negligence of another. Unfortunately, every year thousands of Texans are killed by the negligence of drunk drivers, careless businesses, and negligent property owners. In most of these situations the family of the person killed is not compensated or is under compensated for the loss of a loved one. Further, many of these fatal accidents are not properly investigated allowing negligent businesses, hazardous conditions, careless people, and dangerous policies to kill or injure others.

Texas Fatal Accident Lawyers can help families that have lost a family member and loved ones through on the job accidents, car crashes, truck collisions, accidental shootings, drunk drivers, dangerous conditions, explosions, fires, failure to follow safety procedures, motorcycle wrecks, falls, medical malpractice, automobile accidents, and other claims resulting in accidental death. Texas Fatal Accident Lawyers can represent the families of the deceased and assert their rights after an accident including performing a full investigation of the accident death to determine what happened and how to prevent any other accidental death from occurring in the same way.

Texas Fatal Automobile Accidents, Texas Fatal Truck Wrecks, and Texas Fatal Car Accidents Are The Most Common Type of Fatal Accident and Can Often Involve Several Different Types of Insurance and Legal Claims

The most common type of fatal accidents are automobile collisions where a drunk or careless driver crashes into another vehicle or runs over a pedestrian or cyclist. Texas fatal automobile accidents are one of the leading causes of death for persons under 50 years of age and the families of those killed are commonly under compensated by insurance companies. Because of the complexity of insurance coverage including commercial accident policies, death benefits, and other potential insurance policies, it is often best for families that have lost a loved one in a fatal accident, to seek counsel regarding the fatal accident.

For more information on Texas Fatal Automobile Accident Lawsuits and Texas Automobile Accident Death Lawsuits, please feel free to contact Texas Fatal Accident Lawyer Jason S. Coomer or go to the following web page: Texas Fatal Automobile Accident Lawyer.

Texas Fatal Work Accident Lawsuits Include Texas Fatal Explosion Lawsuits, Texas Commercial Vehicle Accident Death Lawsuits, and Texas Fatal Construction Accident Lawsuits

Texas fatal workplace accidents are another common type of fatal accident that can kill a loved one. In these fatal accidents, it is typically the family wage earner that is killed resulting not only in the loss of a loved one, but also in the loss of necessary income. In these situations, it is often essential for the family to seek help in forcing an insurance company or large corporation to pay compensation for lost wages, future lost earnings, and other damages from the fatal accident.

For more information on Texas Fatal Work Accident Lawsuits and Texas Worker Accident Death Lawsuits, please feel free to contact Texas Fatal Accident Lawyer Jason S. Coomer or go to the following web page: Texas Fatal Industrial Accident Lawyer and Texas Work Place Accident Death Lawyer.

Texas Fatal Accident Lawyers Can Help Prove Damages to Insurance Companies and Guilty Defendants After an Accident Death

After losing a loved one in an accident, it can be difficult to locate all potential insurance recoveries and other potential legal recoveries. It can also be difficult to prove the full extent of damages that your family has suffered from the loss of a loved one. Insurance companies and guilty defendants are often more interested in protecting themselves from paying compensation, than from making sure a family is fully compensated for the death of a loved one. This is true even if the damages suffered include the loss of a main contributor of financial support to your family or if there are large medical and funeral bills created by the death. These damages can often cause a ripple affect of other damages that can result in the loss of a home, loss of vehicles, loss of ability to go to college, and other serious financial problems. Understanding collectible damages under Texas law and potential insurance coverage under Texas law, is important in maximizing a recovery after the loss of a loved one in a fatal accident.

For more information on Texas Fatal Accident Lawsuits and Texas Accident Death Lawsuits, please feel free to contact Texas Fatal Accident Lawyer Jason S. Coomer or go to the following web pages:

Sunday, August 26, 2012

Texas Doctor Mistake Lawyers Are Finding More Dangerous and Negligent Doctors Practicing in Texas by Texas Doctor Mistake Lawyer and Texas Fatal Medical Mistake Lawyer Jason S. Coomer

Texas Doctor Mistake Lawyers That Handle Texas Doctor Mistake Lawsuits and Texas Fatal Medical Mistake Lawsuits Are Finding More Incompetent Doctors From Other States and Countries Practicing in Texas and other Medical Doctors That Are Aware of Dangerous Doctors in Their Medical Community by Texas Doctor Mistake Lawyer and Texas Fatal Medical Mistake Lawyer Jason S. Coomer

Changes in Texas medical malpractice law have created an environment where negligent doctors including incompetent doctors from other states and other countries are coming to practice in Texas and then carelessly injuring and killing Texans. Because the Texas Supreme Court and Texas Legislature have substantially increased the cost of filing and litigating Texas doctor mistake lawsuits, many of the mistakes committed by these negligent doctors will not be noticed or acted upon until the negligent doctor kills or seriously injures several people or the right person.

Texas Doctor Mistake Lawyers Are Finding Some Dangerous Doctors Have Long Histories of Making Deadly Mistakes

In reviewing Texas doctor mistake lawsuits, it is becoming more common for the negligent doctor that has made a deadly medical mistake to have had numerous incidents regarding careless acts and for other doctors in the medical community to be aware of the poor reputation of the dangerously negligent doctor. In these situations, it is not uncommon to learn that the negligent doctor may have caused numerous deaths and that other doctors in the medical community were aware that this dangerous doctor had a history of making deadly mistakes.

Further, in an era of mass profit medicine, many doctors are becoming aware of dangerous assembly line doctors that perform dangerous and unnecessary surgeries as well as other unnecessary medical procedures. These dangerous doctors often weigh profits over the health of patients and prescribe unnecessary procedures to those with health insurance or Medicare regardless of the medical need.

It Is Important to Report Dangerous Doctors to Prevent Future Deaths and Injuries

If you have lost a family member to the careless act or actions of a Texas doctor, it is important to report this doctor to the hospital, medical center, or practice that the doctor is working at and to the Texas Board of Medical Examiners. Additionally, if you believe that you have suffered a significant injury or your child has suffered a birth injury as a result of a doctor mistake, physician error, or negligent act, it is important that you come forward and expose the negligence or mistake to prevent similar mistakes from occurring in the future.

For more information on specific types of Medical Malpractice, please feel free to contact Texas Doctor Mistake Lawyer, Jason S. Coomer or go to the web pages below:

Saturday, August 25, 2012

SEC Requires International Energy, Mining, and Extraction Companies to Report Payments to Foreign Governments by International Energy Company Fraud Lawyer and International Oil Company Illegal Kickback Lawyer Jason S. Coomer

International Energy, Mining, and Extraction Companies Listed With the SEC Are Being Required to File SEC Disclosures On Payments Made to Foreign Government Officials for Oil, Gas, and Mineral Contracts: False Reports of Payments to Foreign Governments by Multinational Oil Companies Can Result In SEC and FCPA Violations That Are the Basis for Whistleblower Reward Bounty Actions by International Energy Company Fraud Lawyer and International Oil Company Illegal Kickback Lawyer Jason S. Coomer

Under the Dodd-Frank Wall Street Reform and Consumer Protection Act, all domestic and foreign companies registered with the U.S. Securities and Exchange Commission (SEC) must publicly report how much they pay governments for access to their oil, gas and minerals, beginning in FY2012. These payments must be reported on a country-by-country and a project-by-project basis, and will likely cover a wide range of the material benefits that accrue to governments from extractive deals. This Dodd-Frank reporting requirement, known as the Cardin-Lugar Transparency Amendment is expected to help remove corruption from the oil and gas mineral extraction industry.

SEC ruling will spotlight financial dealings of firms in Africa | MinnPost

"The world is set to know a bit more about the billions of dollars that US-listed companies spend to scoop gold and gas and diamonds and oil out of the earth."

"In a 2-to-1 vote yesterday, the US Securities and Exchange Commission approved a thorny clause nestled near the back of 2010's 800-page US Financial Reform Act. Section 1504 — the “Disclosure of Payments By Resource Extraction Issuers Section” — forces any oil or mining company listed on a US stock exchange to produce an annual report detailing each check, bank transfer, or cash-flushed suitcase above $100,000 that they submit to foreign governments."

False Reports of Payments to Foreign Governments by Multinational Oil Companies Can Result In SEC and FCPA Violations That Are the Basis for Whistleblower Reward Bounty Actions

If you have evidence of an energy company that is committing accounting fraud or giving illegal bribes to government officials, please feel free to contact International Oil Company Government Corruption Lawyer, Jason S. Coomer or go to the following web page for more information: International Extraction & Mining Contract Whistleblowers.

Sunday, August 19, 2012

Texas Depuy Pinnacle Hip Implant Lawsuits and Texas Depuy ASR MoM Hip Lawsuits: Depuy Pinnacle Hip Implants and Depuy ASR Mom Implants Are The Subject of Several Failed Hip Implant Lawsuits by Texas Depuy Pinnacle Hip Implant Lawyer and Texas Depuy ASR MOM Failed Hip Implant Lawyer Jason S. Coomer

Texas Failed Depuy Pinnacle Hip Implant Lawyers and Texas Failed Depuy ASR MOM Hip Implant Lawyers are Still Taking Some Depuy Pinnacle Hip Implant Lawsuits and Depuy ASR MOM Implant Lawsuits by Texas Depuy Pinnacle Hip Implant Lawyer and Texas Depuy ASR MOM Failed Hip Implant Lawyer Jason S. Coomer

Though some Depuy failed hip implant lawsuit statutes are about to run, other Depuy failed hip implant lawsuits continue to be viable. Persons that have failed Pinnacle hip implants and persons that have recently been diagnosed with a failed ASR MOM hip implant and will require or have recently required revision hip surgery may still have viable failed hip implant lawsuits. Persons that have a failed hip implant that has recently been removed should contact a Depuy failed hip implant lawyer to determine, if they may still have a viable case. If you or a family member have been the victim of a failed hip replacement surgery and had to have a hip implant replaced through revision hip surgery, please feel free to send an e-mail to Texas Failed Depuy Pinnacle Hip Implant Lawyer abd Texas Failed Depuy ASR MOM Hip Implant Lawyer Jason Coomer about these potential statutes and potential failed hip implant issues.

Failed Depuy Pinnacle Hip Implant Lawsuit Information, Failed Depuy ASR MOM Hip Implant Lawsuit Information, and Failed Hip Implant Hip Revision Surgery Lawsuit Information

For more information on Failed Depuy Pinnacle Hip Implant Lawsuits, Failed Depuy ASR MOM Hip Implant Lawsuits, and Other Failed Hip Implant Revision Surgery Lawsuits, please go to the following Web Pages: Depuy Revision Hip Surgery Lawsuit Information, Failed Hip Surgery Medical Malpractice Lawsuit and Defective Hip Implant Lawsuit Information, and Depuy Failed Hip Surgery Lawsuit and Metal on Metal Hip Implant Revision Surgery Lawsuit Information.

Medicaid Fraud Qui Tam Lawyers Help Health Care Professionals Claim Financial Rewards For Properly Exposing Medicaid Fraud By Texas Medicaid Fraud Qui Tam Lawyer and Medicaid Fraud Whistleblower Lawyer Jason S. Coomer

Medicaid Fraud Qui Tam Lawsuits, Medicaid Fraud False Claims Act Lawsuits, and Medicaid Fraud Whistleblower Lawsuits Offer Large Financial Rewards and Whistleblower Protections to Health Care Professionals That Properly Expose Medicaid Fraud by Texas Medicaid Fraud Qui Tam Lawyer & Medicaid Fraud Whistleblower Lawyer Jason S. Coomer

Medicare Fraud Whistleblowers are needed now more than ever to expose systematic Medicaid fraud that is being committed by large for profit health care providers that are seeking to increase their profits by committing fraud against government benefit programs including the Children's Health Insurance Program (CHIP), Medicaid, and Medicare. Through Medicaid fraud, CHIP fraud, and Medicare fraud; some hospitals, nursing homes, home health care companies, therapists, doctors, dentists, and large health care companies are getting rich by defrauding the government and taxpayers.

USDOJ: United States Joins Lawsuit Against San Francisco Area’s North East Medical Services

The United States has joined a whistleblower action pending in the Northern District of California against the federally-qualified health center (FQHC), North East Medical Services (NEMS), alleging that the center under-reported income it received from a managed care organization in order to artificially inflate reimbursements it received from the California Medicaid program, the Justice Department announced today. North East serves the San Francisco Bay area.

“As health care costs continue to rise, it is more important than ever that health care providers report accurate information to federal and state health care programs,” said Stuart Delery, Acting Assistant Attorney General for the Justice Department’s Civil Division. “The Department of Justice is committed to cracking down on improper accounting practices such as those alleged in this case, which undermine the integrity of these health care programs and increase the costs of health care for the rest of us.”

“Filing claims that imp roperly inflate reimbursement amounts means there are less funds available for people in need,” said Melinda Haag, U.S. Attorney for the Northern District of California. “My office views the actions this defendant allegedly committed as a serious breach of the responsibilities healthcare organizations owe to people in need of medical care and also to the taxpayers who fund these programs. We are committed to doing everything in our power to protect the integrity of the healthcare system.”

The whistleblower action, captioned United States ex rel. Trinh v. North East Medical Services, Inc. Civil Action No. 10-1904 (N.D. Cal.), was filed under the qui tam provisions of the False Claims Act. The False Claims Act allows for private persons to file actions to provide the government information about wrongdoing. Under the statute, if it is established that a person has submitted or caused others to submit false or fraudulent claims to the United States, the government can recover treble damages and $5,500 to $11,000 for each false or fraudulent claim filed. If the government is successful in resolving or litigating its claims, the whistleblower who initiated the action can receive a share of between 15 percent to 25 percent of the amount recovered.

Medicaid Fraud Qui Tam Lawsuit Information, Medicaid Fraud False Claims Act Lawsuit Information, and Medicaid Fraud Whistleblower Lawsuit Information

If you are aware of Medicaid Billing Fraud, Medicare Billing Fraud, CHIP Fraud, or other health care fraud and are the original source with special knowledge and evidence of the fraud, it is important that you step forward to expose the fraud. For more information on Medicaid Fraud Qui Tam Lawsuits and Medicaid Fraud Whistleblower Lawsuits, please feel free to contact Medicaid Billing Fraud and CHIP Fraud Whistleblower Lawyer Jason Coomer via e-mail message or go to the following web pages: Medicaid Billing Fraud Whistleblower Lawsuits, Medicaid Retention Overpayment Lawsuits, Texas Medicaid Fraud Whistleblower Recovery Lawsuits, and Medicaid Referral Kickback Lawsuits.

Saturday, August 18, 2012

Brazil Government Official Bribes: New Laws Prohibit Multinational Corporations From Bribing Brazilian Government Officials and Offer Large Financial Rewards and Protections to International Whistleblowers for Exposing Government Corruption and Illegal Bribes by Brazil Government Official Bribe Lawyer and Brazil Government Official Illegal Payment Lawyer Jason S. Coomer

International Contract Bribes and SEC Bounty Actions: Multinational Corporations That Illegally Bribe Brazilian Government Officials Are The Target of FCPA SEC Bounty Actions That Reward and Protect International Whistleblowers That Expose Illegal Bribes, Kickbacks, and other Government Corruption by Brazil Government Official Bribe Lawyer and Brazil Government Official Illegal Payment Lawyer Jason S. Coomer

With the rapidly expanding Brazilian economy, many international corporations are using illegal bribes, kickbacks, and other illicit payments to government officials to obtain lucrative government contracts, construction contracts, and oil contracts. These illegal bribes are the target of new laws that offer large financial rewards and whistle blower protections to international whistle blowers that expose illegal bribes and other government corruption. These whistle blower reward laws are essential and effective in exposing government official bribes, government agent kickbacks, fraud, embezzlement, and other forms of corruption.

These foreign anti-bribery laws are part of a global trend where governments around the world are cracking down on large corrupt multinational corporations that are offering bribes and kickbacks to government officials in order to obtain large government contracts, avoid health & safety regulations, bypass environmental laws, and exploit populations in foreign countries.

If you are aware of significant international contract bribes, illegal kickbacks or other corrupt practices by foreign companies and/or multinational corporations, please feel free to contact Brazil Government Official Bribe Lawyer Jason Coomer.

Analysis: Next hurdles for Brazil: sticky fingers, red tape | Reuters

"The ministry overseeing Brazil's new $66 billion infrastructure plan was also ground zero for a spectacular corruption scandal last year in which officials allegedly demanded 5 percent kickbacks on highway construction projects and then pushed carts down the hallways to hand out the cash."

"Rousseff hopes the infrastructure plan, unveiled on Wednesday, will revolutionize Brazil's decrepit highway and railway system. She is also betting it will provide a boost to an economy that has barely grown during the past year, and is struggling to upgrade its infrastructure before hosting the 2014 World Cup and the 2016 Summer Olympics."

"The initiative marks a major shift from practices over the past decade in which successive left-leaning governments oversaw planning, execution and maintenance of most infrastructure projects. Under the new scheme, which some have labeled a privatization, businesses will be responsible for most aspects of building or improving about 4,500 miles of highways and 6,200 miles of railroads."

"Rousseff said she will outline similar initiatives for sea ports and airports in coming weeks."

"Observers generally praised the spirit of the plan, but pointed out that it does not remove the state entirely from the equation. Brazil's notoriously slow environmental licensing process, a legal system that allows projects to be halted for tenuous reasons, and continued problems with graft mean that the plan is likely to fall short of Rousseff's expectation of $50 billion in investments in just five years."

Brazilians and Other International Whistle Blowers Can Receive Large Financial Rewards for Properly Exposing International Bribes and Kickbacks

For more information on Brazilian Government Bribe Whistle Blower Bounty Actions where international executives, Brazilians, and other international whistle blowers can obtain large financial rewards for exposing international bribes and kickbacks from multinational corporations to government officials, please go to the following webpage: Brazilian Government Official Bribe Bounty Actions & Brazil Illegal Bribe Bounty Action Whistle Blower Rewards.

Thursday, August 16, 2012

Texas Corporate Fraud Lawyers Provide Legal Advice on Several Different Types of Corporate Fraud Lawsuits By Texas Corporate Fraud Lawyer and Texas Corporate Fraud Whistle Blower Lawyer Jason Coomer

Texas Corporate Fraud Lawyers Handle a Variety of Corporate Fraud Lawsuits Including SEC Corporate Fraud Whistle Blower Lawsuits, Breach of Fiduciary Duty Lawsuits, Corporate Fraud Shareholder Lawsuits, and Corporate Fraud Business Torts by Texas Corporate Fraud Lawyer and Texas Corporate Fraud Whistle Blower Lawyer Jason S. Coomer

Corporate fraud has been increasing as many business executives and business owners have committed massive corporate fraud at the expense of their shareholders, corporations, and business partners. These fraudulent activities can be the basis of several different types of legal actions including breach of fiduciary duty lawsuits, corporate fraud business tort lawsuits, corporate fraud shareholder lawsuits, and corporate fraud whistle blower lawsuits.

For more information on corporate fraud lawsuits and corporate fraud whistle blower lawsuits, please feel free to contact Texas Corporate Fraud Lawyer and Confidential Corporate Fraud Whistle Blower Reward Lawyer, Jason S. Coomer.

Texas Corporate Fraud Lawyers Can Help Recover Business, Corporate, and Partnership Assets Through Texas Business Fraud Lawsuits and Texas Corporate Fraud Lawsuits

Protecting Corporate and Partnership assets including investment capital, mineral rights, intellectual property, water rights, stock, real estate, trade secrets, customer lists, and revenues is an important part of running a successful business. However, sometimes someone in a position of power or with opportunity will take advantage of a situation to steal or take what does not belong to them. The first step in recovering the assets is to obtain evidence of the fraudulent act. Commonly, computer hard drives, e-mail messages, and accounting records are the best source of evidence to prove wrongdoing. The second step is to calculate the assets that were taken and any additional damages that this fraud has caused. The third step is to identify all potential defendants that allowed the fraud to take place and who profited from the corporate fraud.

For more information on types of corporate fraud, please go to the following web pages or use the submission form on this Blog.

SEC Bounty Action Lawsuits Are Designed to Expose Corporate Fraud by Rewarding and Protecting Corporate Fraud Whistle Blowers

The SEC is offering large financial bounties to insider trade whistle blowers that expose executive insider trading, stock manipulation schemes, fraudulent accounting practices, hedge fund insider trading, private equity fund fraud, money manger insider trading, hedge fund manager illegal trading, stock manipulation schemes, and other violations of securities law. These insider trading whistle blower rewards can be obtained by financial professionals with knowledge of illegal insider trading and other SEC violations. The SEC encourages all financial professionals with original knowledge of executive insider trades, hedge fund insider trades, private equity fund fraud, false misleading information on a company's financial statements, false information on Securities and Exchange Commission (SEC) filings, stock manipulation schemes; embezzlement by stockbrokers; and other securities fraud to properly expose the violations.

For more information on corporate fraud lawsuits and corporate fraud whistle blower lawsuits, please feel free to contact Texas Corporate Fraud Lawyer and Confidential Corporate Fraud Whistle Blower Reward Lawyer, Jason S. Coomer.

Tuesday, August 14, 2012

Libor Lawsuits: States, Pensions, and Hedge Funds are Reviewing Potential Libor Lawsuits: Libor scandal riles Calpers chief investment officer

States, Pension Funds, and Hedge Fund Lawyers Are Reviewing Libor Fraud Lawsuits Regarding Rate Manipulation on Interest Rate Derivative Contracts and Other Investments by Texas Libor Lawsuit Lawyer and Texas Libor Interest Rate Manipulation Lawyer Jason S. Coomer

Several states, hedge funds, and pension funds are reviewing potential Libor fraud lawsuits and Libor interest rate manipulation lawsuits. Financial managers for pension funds, state governments and many other entities should seek legal counsel to determine if they may have suffered significant damages from Libor fraud and Libor manipulation interest rate manipulation. For more information on Libor Fraud Lawsuits and Libor Interest Rate Manipulation Lawsuits, please feel free to contact Texas Libor Fraud Lawsuit Lawyer and Texas Libor Interest Rate Manipulation Lawyer Jason S. Coomer.

Libor Scandal Riles Calpers Chief Investment Officer

"Libor is compiled from estimates by big banks of how much they believe they have to pay to borrow from each other and is used for $550 trillion of interest rate derivatives contracts. It also influences rates on many lending transactions, including mortgages, student loans and credit card transactions."

"Suspected manipulation by global banks of Libor benchmark international rates shows the financial services industry cannot be trusted to act in the best interest of long-term investors like the California Public Employees' Retirement System and any misdeeds uncovered in Libor probes need to prosecuted, said Joe Dear, who oversees the assets of the $233 billion pension fund."

"On Sunday, a spokesman for New York Attorney General Eric Schneider said the state is investigating possible rigging of Libor, and other states, such as Florida, are also looking at possible legal actions. Connecticut's attorney general launched a probe six months ago."

"U.S. and British authorities last month fined Barclays Plc, the bank at the center of the Libor scandal, a record $450 million for manipulating the rate. Barclays employees are not shielded from criminal prosecution. The U.S. Justice Department is also building criminal cases against several financial institutions and their employees, The New York Times reported on Saturday."

Monday, August 13, 2012

Libor Fraud Lawyers Are Seeking Compensation For Pension Funds, Banks, Government Entities, and Other Investors That Suffered Significant Damages from Libor Interest Rate Manipulations and Libor Fraud by Libor Fraud Lawyer and Libor Interest Rate Manipulation Lawyer Jason S. Coomer

Libor Pension Fund Fraud Lawyers Are Reviewing Libor Pension Fund Fraud Lawsuits For Banks, Colleges, Municipalities, Pension Funds, State Governments, and Other Investors That Have Sustained Significant Damages As A Result of Libor Fraud, Libor Manipulation, and Artificially Low Interest Rates by Texas Libor Fraud Lawyer and Texas Libor Interest Rate Manipulation Lawyer Jason S. Coomer

Libor fraud and interest rate manipulation have caused many investors to suffer significant damages from artificially manipulated interest rates. These banks, colleges, municipalities, pension funds, and other investors that held Libor-linked securities purchased over-the-counter from defendant banks, that held bonds that were tied to Libor, and that lost money from fraudulently manipulated interest rates all have potential claims against the defendant banks and can seek compensation for significant losses caused by the fraudulent manipulation of Libor.

Financial managers for pension funds, state governments and many other entities should seek legal counsel to determine if they may have a valid claim for Libor fraud and manipulation of interest rates. For more information on Libor Fraud Lawsuits and other Libor Interest Rate Manipulation Lawsuits, please feel free to contact Texas Libor Fraud Lawyer and Texas Libor Interest Rate Manipulation Lawyer Jason S. Coomer.

Libor Fraud and Interest Rate Manipulation Resulted In Large Financial Losses For Some Pension Funds, State Governments, Colleges, Municipalities, and Other Investors: These Investors Have a Limited Time To Seek Compensation

There are numerous victims of the Libor fraud and interest rate manipulation including pension funds, state governments, colleges, and municipalities. These victims have a limited time to seek compensation and should seek counsel to determine if they might have a valid claim for significant loses.

The victims of low-interest locusts | David Cay Johnston

"About 44 million Americans have earned a pension, 1.5 million of them in plans that already have failed, according to the U.S. government’s Pension Benefit Guaranty Corp."

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