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Results: 1-10 of 12

IRS subject to APA???
  • Eversheds Sutherland (US) LLP
  • USA
  • October 18 2010

The U.S. Court of Appeals for the District of Columbia, sitting en banc on September 29, raised serious questions in a suit seeking refund of telephone excise taxes paid to the Internal Revenue Service (IRS


SEC obtains consent judgments against Frank J. Russo and FJR corporation
  • Eversheds Sutherland (US) LLP
  • USA
  • January 8 2010

The Federal Court for the District of Massachusetts entered consent judgments in a previously filed enforcement action against Frank J. Russo, a Massachusetts-based former investment adviser, and his investment advisory corporation, FJR Corporation


SEC settles case against Ohio investment adviser who allegedly defrauded elderly clients
  • Eversheds Sutherland (US) LLP
  • USA
  • January 8 2010

The Securities and Exchange Commission (SEC) announced that investment adviser (IA) Julie M. Jarvis, of Columbus, Ohio, and her financial advisory firm, Crossroads Financial Planning, Inc., have agreed to settle the SEC’s pending civil action against them


Advisory firm employee sentenced for embezzling more than $1.3 million in client funds
  • Eversheds Sutherland (US) LLP
  • USA
  • November 6 2009

The SEC announced that Rita White, a former employee of former Boston-based investment advisory firm Veritas Advisors, Inc., was sentenced to two years' imprisonment, followed by three years of supervised release, and was ordered to pay a fine of $25,000


SEC charges Massachusetts-based adviser in multimillion-dollar Ponzi scheme
  • Eversheds Sutherland (US) LLP
  • USA
  • July 6 2009

The SEC charged Massachusetts-based investment adviser Michael C. Regan for allegedly conducting a multimillion-dollar Ponzi scheme in which he promised investors lofty returns as high as 20 but instead often stole their money for his personal use


Eleventh and Seventh Circuits vacate certified consumer classes
  • Eversheds Sutherland (US) LLP
  • USA
  • October 29 2008

Yesterday saw noteworthy consumer class action decisions from the Eleventh and Seventh Circuitsboth wins for defendants


Warnings about replacing AIG policies
  • Eversheds Sutherland (US) LLP
  • USA
  • September 29 2008

Thus far, at least three states (New York, Wisconsin and Kentucky) have issued warnings about firms trying to replace AIG policies, without adequately disclosing to customers the associated costs and without adequately establishing a reasonable basis for the change


Antitrust title insurance
  • Eversheds Sutherland (US) LLP
  • USA
  • July 10 2008

On June 25, 2008, a New Mexico federal district court in Murphy v. Fidelity National Title Insurance Company (No. Civ. 06-441-WFDDJS) entered final judgment on its previous dismissal with prejudice of a putative class action lawsuit filed against three Sutherland clients, Commonwealth Land Title Insurance Company, Lawyers Title Insurance Corporation and Transnation Title Insurance Company, other title underwriters and various state defendants


Modal premiums life insurance
  • Eversheds Sutherland (US) LLP
  • USA
  • July 10 2008

On April 10, 2008, the First Judicial District Court of Santa Fe County, New Mexico in McNabb v. New York Life Insurance Company (No. D-0101-cv9902640) dismissed with prejudice a putative modal premium class action filed against Sutherland’s client, New York Life Insurance Company


FINRA conducting a sweep examination of pitches to retirees and Section 72(t) withdrawals
  • Eversheds Sutherland (US) LLP
  • USA
  • August 3 2007

The Financial Industry Regulatory Authority (“FINRA”) recently initiated a sweep examination of broker-dealers that may be targeting “potential or early retirees.”