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With Puerto Rico settlement in sight, clients win $4.8M award from UBS

Tobias Salinger's With Puerto Rico settlement in sight, clients win $4.8M award from UBS" Financial Planning story reports on a recent recent settlement of $4.8 million in relation to arbitration filings in Puerto Rico. UBS has been accused of unauthorized use of lines of credit and margin, breach of fiduciary duty, breach of contract, unsuitability and negligence by multiple high profile clients following the crash of the Puerto Rico bond market, and SLCG's Edward O'Neal is quoted saying...

Consultant: West Virginia city was bombarded with opioids

The Washington Times' "Consultant: West Virginia city was bombarded with opioids" story reports on three companies that have been involved in complex litigation for shipping overwhelming amounts of opioids into the state of West Virginia from 2006 to 2014. Dr. McCann testified in this case, and is quoted in the article saying that of the 110 million doses of hydrocodone and oxycodone that were shipped into the state, over 90% were from the defendants. That covers just two of the many...

AG Ferguson wins historic $14.5M after trial on "trust mill" scheme

A press release from the Washington State Attorney General details a historic settlement of $14.5 million after CLA Estate Services, Inc. and CLA USA, Inc. earned millions deceptively selling estate-planning services and annuities to Washington seniors. Quoted from his testimony in the case, Craig McCann states in the article that during his extended time as an expert witness, he has never seen a product in which "there is a zero chance that a fully informed investor would ever purchase".

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