Recent events around LJM Capital Preservation and Growth Fund show the problems that still exist in the modern market. They also show why we need to improve access to lawyers that will hold brokerage firms accountable.
To give a very short explanation of what happened with LJM, we have to go back to the beginning of the year. While LJM claims to represent modest investments in the market that are meant to avoid market fluctuations, they were in reality engaging in very risky investments all while not making sure they had enough capital to handle market fluctuations.
Many brokers knew this, but they did not share that information with their clients. Instead, they invested their clients’ money in LJM, which then cost their clients a great deal when LJM’s stock dropped 80 percent in February. That 80 percent may have resulted in the loss of about $600 million for investors, many of whom didn’t even know they had money in a business that was behaving so irresponsibly.
The attorneys who represent investors against brokers who invested in the LJM fund are seeking compensation for their clients precisely because of these practices. Because these investors weren’t notified of the risks of investing in LJM, they have a right to get their money back. Their brokers did them a disservice by not explaining the kind of risky investments they were pursuing.
This will hopefully result in a large settlement that returns those losses to those who shouldn’t have experienced them in the first place. However, no matter the result, LJM speaks to a larger issue in the market. Namely, we need a better way to hold businesses and brokerage firms more accountable. LJM should never have been allowed to claim it was focusing on reasonable investments when they were in fact exposing themselves and their investors to major losses through their risky investments.
At the same time, brokers and brokerage firms should not be in a habit of making such questionable investments for their clients. Most people who use a brokerage firm expect conservative investments that provide stability and moderate growth. Brokerage firms should take these expectations more seriously and not play around with clients’ money so much, particularly without notifying their clients of the risks they are exposing them to.
The answer to how we curb these problems mostly comes down to lawyers. While it would be nice to see more laws and more focus from the state in these problems, that’s most likely unrealistic. Far more realistic is an effort to inform investors of their legal options by making lawyers who can help in such situations more visible. The more lawyers out there who can help their clients get compensation for such practices, the better. The more these investors know such lawyers are out there and ready to help them, the better. And finally, the more these lawyers win cases against brokerage firms, the more brokers will think twice before making those risky investments.
Craft beer is taking off all over the country. But, like all products and crazes, it’s taking off more in some places than in others.
For instance, you see skateboards rolling down the streets of Lexington, Kentucky every now and then, but no one would call it the center of the skateboarding world.
So, for those looking to really invest themselves in the craft beer world, where are the best cities to visit to really get into the scene?
Here are the top 5 cities to plot on your national craft beer tour.
- Myrtle Beach, SC
Not the first location on most lists, but Myrtle Beach has a growing craft beer culture. It’s also the seat of some great beer-based invention, such as the Growler Chiller, which allows you to keep beer growler cold.
- Pittsburgh, PA
A city that loves beer so much, it has a whole museum dedicated to it. Go to the museum, then stay for the beer on offer at the local bars and pubs.
- Seattle, WA
A city that prides itself on coffee also has a thriving craft beer culture that prides itself on being inventive. Try some of the really creative beers here.
- Denver, CO
In the second slot, a city that already has a reputation for a free-spirited love of inebriation (in all the best senses of the word). Denver is working hard to undo the damage Coors has done to its beer reputation. And, with its Denver Beer Triangle (home to 72 pubs), it’s doing an excellent job.
Colorado may be best known for snowboarding and the recent legalization of some…substances, but Denver’s making a good claim that it should also be known for its great craft beer.
- Portland, OR
The home of the hipsters, a West Coast haven for those who cherish a liberal and relaxed atmosphere, a city of bicyclists and handlebar mustaches: Portland is perhaps the most obvious place to create the craft beer capital of the world. Obvious or not, the statement is true: in the world of craft beer, Portland is king.
The city has the most craft breweries of any city in the world. That’s right, not just the West Coast or America (which would be good enough to place first on this list), but of the world.
Needless to say (but still worth saying anyway), Portland has a fantastic selection of beers. All those microbreweries mean there are plenty of new and unique beers on tap at every bar or pub you step into.
If you’re looking for a city to visit to get a real sense of the craft brewing scene, this is the one to go to.
So settle in on your bicycle, slick up your mustache, and head over to Portland to become a microbrew aficionado. There is, literally, nowhere better in the world to go.
One of the greatest opportunities of residents in areas where shale gas abounds is the chance of earning huge amounts of cash, either instantly by selling their property and/or mineral rights, or over a period of years by leasing their mineral rights to giant oil-producing firms.
Shale gas, which is trapped inside soft, layered sedimentary rocks that have formed from merged mud or clay, is the main source of petroleum and natural gas that is used in American homes and commercial buildings.
The production of shale gas, according to the U.S. Energy Information Administration (EIA), has increased over the past years, allowing ‘Saudi America’ (America’s new moniker) turn into an oil-producing country from being an oil-dependent one.
Aside from the companies engaged in the extraction of oil from productive shale gas areas, the residents are the other group who benefit tremendously from this shale boom, that is, if they are able to decide correctly on what to do with their mineral rights and/or property – lease or sell.
There are companies that are willing and are ready to pay millions of dollars in cash to property and mineral rights owners. Selling means cash up front – whether your property produces something or nothing at all. If your property proves to be really productive, you may regret having sold it or wished that you had sold it at a much higher price. How productive an area of land really is may never be known, though, unless the firm starts digging and actually strikes oil.
However, if your land proves to be unproductive and, therefore, far less the amount that you have been paid, wouldn’t you be glad that you had sold it and made millions of dollars despite a less or non-productive land? This is the very risk taken by any firm when it purchases mineral rights.
Owners, however, should refrain from deciding to sell (their) mineral rights abruptly, lest they end up getting paid a certain amount of cash when they could have gotten a much bigger amount. A website with the address, www.auctionmineralrights.com/how-to-sell-mineral-rights/, shares valuable information regarding selling mineral rights – information that will help you, the land owner, to get the better end of the deal.
Patients consult medical professionals to get treatment, but there are instances where instead of being treated, they are harmed. This can happen on many medical malpractice instances, such as misdiagnosis. A misdiagnosis occurs when one of the following has happened:
- A healthy person has been diagnosed as sick
- A sick person has been diagnosed as healthy
- A person has been diagnosed with the wrong medical condition
- A person has been diagnosed with the wrong subtype of a medical condition
Failure to properly assess a person may have a variety of consequences that can be detrimental to the patient’s health. For example, a healthy person being diagnosed as sick will receive unnecessary medical treatment. A sick person being diagnosed as healthy may worsen his condition because of the lack of treatment, and this can be particularly dangerous for medical conditions that need immediate attention. A person diagnosed with the wrong medical condition or the wrong subtype of a medical condition will receive inadequate treatment, putting him at risk of wrong medications and unwarranted surgeries.
Misdiagnosis also result into financial damages. What makes this worse is the fact that the financial damage has been done because of an error, meaning that it is unnecessary. Some of the most common financial burdens include hospital bills, medication costs, surgery costs, rehabilitative costs, and lost wages due to hospital confinement and lost time at work.
According to the website of Habush Habush & Rottier S.C. ®, those who have been wrongly diagnosed may be eligible to pursue a medical malpractice claim against the responsible party.
But how can a medical malpractice claim be viable? Typically, they need to pass the following criteria to be a strong case:
- There is a direct doctor-patient relationship
- The doctor has the duty of care toward the patient
- The duty of care has been violated by the doctor, either through action or inaction
- The violation of the duty of care has resulted into the patient’s harm
The fact that misdiagnosis still happens is alarming, as it puts ordinary people without medical backgrounds to be subject to the medical malpractice instances of those who are supposed to be knowledgeable. It is a good thing that there is a body of law for medical malpractice, as it is a way to deter medical professionals from committing unwarranted mistakes.
Intellectual property refers to anything that has been formed in the mind, such as artistic works and other inventions. Intellectual property has been an important part of commerce, and there are fundamental laws that protect individuals, businesses, and their intellectual properties that include but are not limited to trademarks, copyright, patents, and trade secrets.
But why is there a need to protect intellectual property? It’s because our society progresses through the creation and invention of new things. The laws are there to protect the owners of these inventions, encouraging more competition and more innovation.
Despite the protections, intellectual property disputes still exist. According to the website of the Houston intellectual property attorneys of Williams Kherkher, many intellectual property disputes are associated with copyright cases, trademark cases, and trade secret litigation.
Copyright laws are there to protect authors, artists, and other creators and their creations. Copyright covers a lot of things, like novels, films, photographs, and architecture. If these works are reproduced, distributed, or displayed without the permission of their creators, it is copyright infringement, which is also loosely called piracy.
Protecting copyright gives the creators incentives for their work, like recognition and revenue that they can deem only as their own. Of course, this is not just on an individual level, but also in a company level. Companies that enjoy the protections of copyright will be more determined to invest in their works, especially because nobody can steal these works from them. As a result, culture and entertainment become even more enjoyable for everybody.
Trademarks are distinctive signs that identify products and services, and these signs include signatures, marks, expressions, or anything else that makes a product or service recognizable. Trademark protections exist so the individuals and companies that own them get exclusive rights to use these signs to identify only their products and services.
By protecting trademarks, the individuals and companies that own them are incentivized through recognition and profit that only they can enjoy. This also prevents counterfeiters, and again, this encourages more competition and innovation.
With the development of technology, copyright and trademark protections can be harder and harder to implement. But at the end of the day, these protections still exist and are ready to bite on whoever try to go against them, may they be out in the open or hiding in the deep end of the internet.
The challenges faced by many small businesses can be too much, resulting to these firms thinking if filing bankruptcy would be a beneficial move for them. Bankruptcy is a process that individuals or companies go through to help them eliminate or repay their debts which have increased to an amount that is impossible to manage. Individuals file for personal bankruptcies, while the type filed by firms is business bankruptcy, which could either be liquidation bankruptcy or reorganization bankruptcy.
The specific bankruptcy chapter that a business may file depends on its form of business. Sole proprietorships, which are legal extensions of the owner can file business bankruptcy under Chapter 7, Chapter 11, or Chapter 13. Partnerships and corporations, on the other hand, being legal entities separate from their owners, can file business bankruptcy under Chapter 7 or Chapter 11.
For a firm that really has no future, has no substantial assets, or whose debts are so overwhelming so that restructuring it would not amount to any benefits, Chapter 7 business bankruptcy may be the best option. A firm filing Chapter 7 bankruptcy, also called liquidation bankruptcy, means, however, that business operations are over.
The firm itself, and whatever assets it has, will have to be surrendered to a court-appointed trustee who, in turn, will need to liquidate these and use the amount earned to pay the firm’s creditors. At the end of the bankruptcy case, the sole proprietor will receive a “discharge,” which will releases him/her from any further obligation in connection to the debts (this discharge is not available to partnerships and corporations).
If a firm still has a future, then Chapter 11 business bankruptcy should be the chapter to be filed. This chapter involves a plan wherein financial reorganization is made and the firm allowed to balance its income and expenses, continue earning profits, and continue operations. Reorganization is made under the guidance of a court-appointed trustee, who may also happen to be the owner of the company.
While it is true that many small corporations, limited liability companies, and partnerships shy away from Chapter 11, due to its risks and complexity, aside from being time-consuming and expensive, many still choose it because it is the only bankruptcy chapter that allows firms to restructure while continuing operations.
Chapter 13 business bankruptcy, the third option, but only for sole proprietors, allows business owners to restructure their debt payment plan. For sole proprietors to qualify under Chapter 13, however, their unsecured debt should not be more than $383,175, and their secured debt, not more than $1,149,525.
At bradford-law.com, it is explained that even the most well-run businesses may suffer from periods of financial distress for a variety of reasons. When issues related to debt and financial difficulties become overwhelming, business owners may be left wondering what options are available to them. For many companies, Chapter 7 bankruptcy may be an attractive and effective solution to their problems.
Shoulder arthroplasty is a a type of joint replacement surgery that involves the replacement of the humerus and the glenod or the shoulder socket. Here the ball of the humerus is replaced by a metal implant and the socket by a smooth plastic device that takes the place of the functions of the natural cartilage surface. According to the Agency for Healthcare Research and Quality, there are around 53,000 patients who undergo shoulder replacement surgery.
Shoulder replacement surgery is necessary in order to restore the normal functions of the shoulder. It usually starts with unbearable pain in the shoulder which may be due to various causes such as osteoarthritis, broken bones in the arm near the shoulder, tumor in or around the shoulder, and others. There are various risks associated with shoulder replacement. However, if defective replacement devices are implanted in the patient, the result could be debilitating pain and additional injuries which could include significant bone loss, instability, and weakness.
According to the website of Williams Kherkher, the main goal of shoulder replacement is to replace the humerus with a metal “ball” component that is attached to a stem and a plastic socket over the surface of the glenoid. A successful procedure would usually last for 10 to 15 years. However, when faulty shoulder replacement devices are used, the pain could be much longer and the expenses could be huge. It may require a second surgery which could extend the recovery time. The general aim of rehabilitation is to restore shoulder motion and strength. On the other hand, failure of the replacement surgery could result to severe complications.
It is worth noting that precautions still need to be implemented even after the surgery as there is still a risk of infection. Full recovery is the end target and the patient is expected to return to normal activities after some time.
Medical professionals rely on pharmaceutical companies to design and manufacture treatment for various conditions and diseases. Thanks to the continuing advancement of technology, pharmaceuticals are able to come up with the most innovative solutions to help advance the health and welfare of people. Unfortunately, the pharmaceutical industry isn’t always foolproof. Defective medical devices lead to more trouble than what they were intended to solve. In fact, as noted by the lawyers of Williams Kherkher, defective pharmaceuticals are known to comprise a significant number of all product liability cases in America.
The pharmaceutical industry is, of course, responsible for many vast improvements in the landscape of medicine. However, there are times when the medications and devices manufactured by pharmaceutical companies prove to be dangerous. While the government has set up safety nets to ensure that defective pharmaceuticals aren’t used on patients, there are moments when researchers fail to catch the potential risks before it’s too late. In plenty of cases, these errors only come to light when they cause significant injury and suffering on patients. Even with FDA approval, some pharmaceuticals cause consequences that are often difficult to solve.
These faulty implants used to replace severely damaged joints caused by injury or medical conditions such as arthritis can lead to bone and tissue damage, as well as high levels of metal toxicity in a patient’s body. Defective implants can also easily erode, leading to dislocation from the bone socket. These defective products are especially alarming because correcting the errors they caused require more invasive surgery and lengthy recovery times. For most patients, this leads to mounting medical expenses that may no longer be covered by insurance.
A leak in your roof can pose a problem to the rest of your house. In some instances, they develop years before roof replacement takes place. The problem is finding the source can be difficult as it starts away from where the leak shows up. Usually they result from cracked or missing shingles, on a flat roof, a blistered or cracked area. When water passes through the roofing, it may slowly find its way to your favorite furniture.
In order to get rid of leaks, you need to consider roof repair. Repair is an immediate and temporary solution to an active leak. Working on a roof can be a dangerous so it is best to do it on a sunny day when the roof is dry. Working on a rainy day when the roof is wet and slippery can be dangerous.
When doing roof repair, it is best to wear rubber-soled shoes as it provides the best traction for such activities. You should also be aware of the location of power lines and avoid them. As always, you should implement adequate safety measures when doing roof repairs. If possible, use safety ropes. Shingle roofs are much easier to fix. Just look for damaged, curled, or missing shingles.
If the weather has been dry for a while, check for any water marks, stains, or discolorations on the wood due to moisture. If it is still raining, place a bucket under the leak with adequate support. Let it collect the drips and fix the leak once the rain stops.
If roof repair is not your kind of thing, you can always get in touch with roofing contractors. They will do the repair for you. They have the training and experience to handle such kind of roofing problems. Leaks in the roof need to be repaired immediately before it becomes worse.
In the US and in many other countries around the world, one common thing about car crashes is that most of these are caused by young drivers, particularly those aged between 16 and 19 years old. According to the National Motor Vehicle Crash Causation Survey (NMVCCS), a yearly study conducted by the NHTSA, about 90% of these crashes are due to driver error – mistakes committed by drivers. These driver errors, to name a few, include distracted driving, inexperienced driving, day dreaming, falling asleep while driving, driver fatigue, reckless driving, aggressive driving, and driving while impaired either by alcohol or, legal or illegal drugs (legal drugs refer to over-the-counter drugs or prescription medicine).
Driver errors are results of carelessness or negligence and irresponsibility – avoidable things without which car accidents would significantly be reduced. “Reduced” because though more than two-thirds of car accidents are due to these, there are other reasons why cars crash, according to the National Highway Traffic Safety Administration. These other reasons include defects on roads, highways and bridges, and defective cars or malfunctioning car parts due to mechanical failure.
Mechanical failure can be due to manufacturing defects or poor design (both of which can be blamed on the car manufacturer), or lack of proper vehicle maintenance, which is actually the driver’s or car owner’s fault. The most commonly identified mechanical problems that lead to car accidents are tire blow out, which can occur if tires are worn out or under inflated, faulty steering systems and suspensions, faulty headlights and taillights, malfunctioning wipers, and faulty brakes.
Two modern safety technologies that most of today’s cars are equipped with are the dual braking system, which will allow a car to still brake even if one of its braking systems fails due to circuit malfunction, and the anti-lock braking system, which will keep the car’s front wheels from locking during emergencies.
While the malfunction of any critical car part may lead to an accident, risks can be higher if the problem were the brakes. If the malfunctioning brakes were a manufacturing defect, then it would be surprising why, despite manufacturers’ compliance with federal safety standards and the quality control system they themselves observe, bad parts still slip through. Obviously, some people are just not aware, or they simply disregard thoughts, of the real dangers a defective car part can possibly cause everyone on the road.
In a website belonging to the law firm Williams Kherkher, it is mentioned how victims are made to face not just physical and/or emotional trauma, pain and sufferings, but a host of other concerns that can lead to financial troubles, like costly medical treatment and lost wages. All these sufferings and losses make it necessary for victims to pursue justice and compensation through a civil lawsuit.