By admin on April 26, 2010
The distracted driving attorneys at Panish Shea & Boyle LLP are proud to announce the sponsorship of a website called DeadlyTexting.com which advocates against teens texting while they are behind the wheel. Panish Shea & Boyle LLP has united with CBS 5 - San Francisco and several other news, internet media, and radio outlets to spread awareness about the risks of texting while driving, especially among teenage drivers. Distracted driving can have devastating consequences, yet teens often think that they cannot be affected. DeadlyTexting.com aims to help further educate the public about the dangers of texting while driving and assist parents in initiating discussions with their teens.
To learn more about DeadlyTexting.com and how parents can help their children make the decision to NOT text and drive, please read Panish Shea & Boyle’s full press release here or visit www.psblaw.com.
By admin on April 25, 2010
The Securities & Exchange Commission filed Civil Fraud charges against investment and securities bank Goldman Sachs Group Inc. on Friday, April 16, 2010 for allegedly selling ill-fated investment funds to investors. Goldman is being accused of creating and selling securities tied to subprime mortgages while failing to make known that the hedge fund that was betting against the investment actually took part in designing the product.
A security fund called a Credit Default Obligation, which has been named in this example as ABACUS 2007-ACI, is at the center of Goldman’s controversy. Credit default obligations do not include the properties themselves, and instead are bets that the properties referenced in a security will either increase or decrease in value. As the housing market depleted, the ABACUS security lost all value and the hedge fund manager who helped design the fund, John Paulson, brought in $1 billion for his firm.
Anyone can be a victim of securities fraud. However, anticipating these fraudulent events is nearly impossible, especially when an investment bank insures results, gains an investor’s trust, and neglects to disclose pertinent information that could greatly affect the outcome of the investment. In this instance, Goldman Sachs and Paulson were playing both sides of the fence by promoting a fund that they knew had a good chance of failing and going as far as to bet that it would.
If you. someone you love, or your business or organization has been affected by securities fraud, or have specifically done business with Goldman Sachs and lost significant money as a result, help is available. Contact the Goldman Sachs securities fraud attorneys at Panish Shea & Boyle LLP to learn more about how our legal team can assist you in successfully taking large corporate entities to trial. Panish Shea & Boyle LLP has constructed a reputation as an aggressive and unprecedented legal team providing considerable results for the clients we represent in various business litigation cases. Call 877-800-1700 for a free consultation today.
