Law firm – Farris Law Firm http://farrislawfirm.com/ Wed, 22 Sep 2021 13:00:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://farrislawfirm.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Law firm – Farris Law Firm http://farrislawfirm.com/ 32 32 Brasher Law Firm Founder Named to 2021 Texas Super Lawyer List | Texas News https://farrislawfirm.com/brasher-law-firm-founder-named-to-2021-texas-super-lawyer-list-texas-news/ https://farrislawfirm.com/brasher-law-firm-founder-named-to-2021-texas-super-lawyer-list-texas-news/#respond Wed, 22 Sep 2021 13:00:00 +0000 https://farrislawfirm.com/brasher-law-firm-founder-named-to-2021-texas-super-lawyer-list-texas-news/

BEAUMONT, Texas, September 22, 2021 / PRNewswire / – Clint Brasher, the founder of TexasBrasher Law Firm, PLLC, based at Brasher Law Firm, has been named to the 2021 Texas Super Lawyers List, a respected legal guide that recognizes the best lawyers in the state.

Mr. Brasher, who is recognized for his work in insurance law, marks his fourth year on the Texas Super Lawyers list. Certified Counsel in Personal Injury Trial Law by the Texas Board of Legal Specialization, he focuses his practice on first party insurance and bad faith insurance litigation. Mr. Brasher has an impressive record of success and has collected millions of dollars in verdicts and settlements for his clients.

“It is a great honor to be included on this list again,” said Mr. Brasher. “I really love our job – being able to help our clients through difficult times. So to be recognized by my peers for a job that I love is an incredibly special honor.”

The Texas Super Lawyers list only recognizes the top 5% of the best practicing lawyers in Texas. The winners are selected on the basis of nominations from other practicing lawyers in Texas, which are then combined with independent research. In total, each candidate is assessed on 12 indicators of peer recognition and professional success.

This is just the last honor for Mr. Brasher. Most recently, he was recognized by The Best Lawyers in America, another highly respected legal guide, and he was named one of the Lawdragon 500 Leading Plaintiff Consumer Lawyers for 2021. Mr. Brasher’s work has earned him awards. be a member of the prestigious Million Dollar Advocates Forum, and was voted one of the Top 100 Trial Lawyers in Texas by the National Institute of the Trial. Mr. Brasher has also maintained an AV Preeminent Peer Review of Martindale-Hubbell since 2013.

The list of Super Lawyers 2021 will be published in the November issues of Super Lawyers and Texas monthly magazines. To see the full list, visit www.superlawyers.com.

TexasBrasher Law Firm is dedicated to fighting for the rights and interests of its clients using its unique and passionate approach to litigation. The firm represents individuals throughout Texas, Louisiana and Oklahoma in cases involving personal injury claims, insurance claims, labor law and maritime law. For more information visit https://brasherattorney.com/

Media contact:

April Arias

800-559-4534

april@androvett.com

View original content: https://www.prnewswire.com/news-releases/brasher-law-firm-founder-named-to-2021-texas-super-lawyers-list-301382518.html

Law firm SOURCE Brasher, SARL

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Live Shareholder Alert: Rosen, Long-Time Law Firm, Encourages Investors in Live Ventures Incorporated to Take Losses to Obtain Lawyer Before Important Securities Class Action Deadline https://farrislawfirm.com/live-shareholder-alert-rosen-long-time-law-firm-encourages-investors-in-live-ventures-incorporated-to-take-losses-to-obtain-lawyer-before-important-securities-class-action-deadline/ https://farrislawfirm.com/live-shareholder-alert-rosen-long-time-law-firm-encourages-investors-in-live-ventures-incorporated-to-take-losses-to-obtain-lawyer-before-important-securities-class-action-deadline/#respond Tue, 21 Sep 2021 19:51:00 +0000 https://farrislawfirm.com/live-shareholder-alert-rosen-long-time-law-firm-encourages-investors-in-live-ventures-incorporated-to-take-losses-to-obtain-lawyer-before-important-securities-class-action-deadline/

New York, New York – (Newsfile Corp. – September 21, 2021) – WHY: Rosen Law Firm, an international law firm specializing in investor rights, reminds buyers of securities of Live Ventures Incorporated (NASDAQ: LIVE) between December 28, 2016 and August 3, 2021 inclusive (the “Class Period”) the importance Principal applicant deadline of October 12, 2021.

SO WHAT: If you purchased any securities from Live during the Class Period, you may be entitled to compensation without payment of any costs or direct charges under a contingency fee agreement.

WHAT TO DO NEXT: To join the class action lawsuit live, go to http://www.rosenlegal.com/cases-register-2137.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action has already been filed. If you want to serve as the principal applicant, you must move the court no later than October 12, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies providing reviews do not have comparable experience, resources or peer recognition. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, the defendants throughout the Class Period made false and / or misleading statements and / or failed to disclose that: (1) Live’s earnings per share for the fiscal year (“AF” 2016) was actually only $ 6.33 per share; (2) Live used an artificially low number of shares to increase earnings per share by 40%; (3) Live overstated the pre-tax earnings for fiscal 2016 by 20% by including $ 915,500 of “other income” related to certain changes that were not negotiated until after the end of the fiscal year; (4) The acquisition of ApplianceSmart by Live was not finalized during the first quarter of 2017; (5) the use of December 30, 2017 as the “acquisition date” and the recognition of its income did not comply with generally accepted accounting principles; (6) By falsely stating that the acquisition was completed in the quarter, Live recognized a windfall purchase gain, which allowed Live to report positive net income in what would otherwise have been a quarter unprofitable ; (7) between fiscal 2016 and fiscal 2018, the CEO of Live received approximately 94% more in compensation than was disclosed to investors; and (8) accordingly, the defendants’ statements regarding its business, operations and prospects were materially false and misleading and / or lacked reasonable basis at all material times. When the real details entered the market, the lawsuit claims that investors have suffered damage.

To join the class action lawsuit live, go to http://www.rosenlegal.com/cases-register-2137.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a principal applicant.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Lawyer advertising. Previous results do not guarantee a similar result.

——————————-

Contact details:

Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cas@rosenlegal.com
www.rosenlegal.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/97207

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UK Businesses Face Identity Crisis As Global 200 Slip Continues https://farrislawfirm.com/uk-businesses-face-identity-crisis-as-global-200-slip-continues/ https://farrislawfirm.com/uk-businesses-face-identity-crisis-as-global-200-slip-continues/#respond Tue, 21 Sep 2021 07:00:49 +0000 https://farrislawfirm.com/uk-businesses-face-identity-crisis-as-global-200-slip-continues/

For many people, 2020 has been a year to forget. For the best UK law firms, memories are likely to be mixed at best.

The largest UK-based law firms are tumbling down in the Global 200 rankings. None of the top 10 top-90 legal institutions in the world improved their revenue rankings in the latest table.

In fact, every company in this group – Clifford Chance, Allen & Overy, Linklaters, Freshfields Bruckhaus Deringer, CMS, Herbert Smith Freehills, Eversheds Sutherland, Clyde & Co, Slaughter and May and Pinsent Masons – has been ranked higher. of them. years ago.

UK companies’ revenue growth has been slow compared to their international competitors. Of these 10 UK companies, none increased their turnover by more than 5.5%. Almost half of the other top 90 companies have passed this mark.

Only relatively smaller UK companies performed similarly to many US operations. Simmons & Simmons, now ranked 92nd in the world, saw double-digit revenue growth, as did DWF, Addleshaw Goddard, Kennedys, Macfarlanes, Withers and Travers Smith, all of which are in the Global Second Hundred.

Justin D’Agostino, Managing Director of Herbert Smith Freehills, believes the strength of the US economy has been a major factor in helping US companies outperform the rankings.

Justin D’Agostino of Herbert Smith Freehills

“The US national economy has been incredibly vibrant for an extended period of time, which has resulted in the growth of US business revenues,” he said. “They have aggressively sought international market share in a targeted manner, but I don’t think that’s what is driving their growth.”

Other factors may also have had an effect, according to Lee Ranson, co-managing director of Eversheds Sutherland. These include the different fiscal calendar in the UK and the strength of the dollar against the British pound since the Brexit vote in 2016. He adds that labor laws have allowed US businesses to cut back. their costs faster at the start of the pandemic lockdown.

“A lot of American companies have cut wages,” Ranson says, “which was not an approach taken by a lot of British companies. US labor laws allow them to be faster.

At the same time, there may be an additional psychological barrier holding back some of the biggest UK companies as they attempt to strengthen their presence in the US.

Ranson believes some UK companies will have to ask themselves what kind of business they want to be as they attempt to manage their international growth. His own company, for example, does not want to be seen as a British or American company, but simply as an international institution.

“We have to be prepared to accept that as we grow we may not be a UK based company for years to come. For some companies, there is a reluctance to cede control, ”says Ranson. “They might fear their name will disappear. The next step is one that some companies are reluctant to take. Our next step is to be courageous.

For some leaders, it is a challenge that they accept. Wim Dejonghe, senior partner at Allen & Overy, says that not only is the US economy booming, but the US legal system “has a very long arm” because of the way its litigation systems and markets capital affects other regions. “How to manage this is by expanding in the United States,” he adds. “If European companies have the ambition to compete with the world elite, they must increase their American offer. “

During the pandemic, Allen & Overy hired 28 partners and opened three offices in the United States.

Wim Dejonghe of Allen & Overy. Photo: Nathan Clarke

“Our ambition is not to continue to be a UK-based company. It’s about serving customers around the world, ”he says. “If economic trends continue, then of course our US offices will grow faster than the firm-wide average. We are no longer talking about white shoe companies. [At A&O] we’re not talking about the magic circle, we’re just talking about the global elite.

Such questions about identity are not limited to growth. Some UK law firms insist that they don’t necessarily want to be known to be profitable.

British law firms have long been less profitable than their American peers. When this year’s Global 200 is ranked by earnings per partner, only seven of the 26 UK companies on the list make it to the top 100. Only Slaughter and May make the top 35.

Likewise, UK law firms rank poorly when the table is categorized by turnover per lawyer. Only five of the 26 UK companies are in the top 100, and 16 are in the top 50.

But some UK business executives insist they don’t measure their performance by such rankings. On the contrary, they are increasingly interested in non-financial indicators such as well-being.

For HSF’s D’Agostino, looking at the numbers alone can be misleading. “More and more, measures of success in companies like ours are not purely financial measures,” he says, stressing the importance of monitoring how people are feeling and whether they are going the extra mile, as well as areas such as diversity and ESG. “It’s harder to compare across the industry. These are just as important to the health of an organization, ”he says.

This sentiment is shared by Georgia Dawson, a senior partner at Freshfields, who says her business wants to grow and be profitable, but also to be “an organization with values”.

“The firm’s lockstep culture and our approach to diversity appealed to us. People are looking for the full package, ”Dawson says. “You can seek profit without considering other things. This stubborn pursuit is not our raison d’être.

Nevertheless, these leaders say they are confident about the economic outlook for the coming year.

Hong Kong-based D’Agostino believes Britain’s largest companies are well positioned for the future due to their extensive operations in Asia. He says this not only provides a hedging strategy for declining revenues in other regions, “but also a platform to deliver real growth over the next decade.”

A law firm chief adds that some UK firms may perform better than the numbers suggest as they were reluctant to announce significant increases in revenue and profits during the pandemic year. He says they may have used their income instead to make longer-term investments in areas like technology.

Julian Taylor, a senior partner at Simmons & Simmons, who reported a 29% increase in PEP, admits the year has been better than expected financially, “but not from a people perspective,” before moving on. add: “We were very aware of the context in which we obtained this result.

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Kirkland, Mintz Levin feed Brooks Automation $ 3 billion in unit sales https://farrislawfirm.com/kirkland-mintz-levin-feed-brooks-automation-3-billion-in-unit-sales/ https://farrislawfirm.com/kirkland-mintz-levin-feed-brooks-automation-3-billion-in-unit-sales/#respond Mon, 20 Sep 2021 18:44:00 +0000 https://farrislawfirm.com/kirkland-mintz-levin-feed-brooks-automation-3-billion-in-unit-sales/ Signage is visible outside the Kirkland & Ellis LLP law firm in Washington, DC, United States, August 30, 2020. REUTERS / Andrew Kelly

  • Thomas H. Lee Partners turned to Kirkland for the deal
  • Mintz Levin advises Brooks Automation

The company and law firm names listed above are generated automatically based on the text of the article. We are improving this functionality as we continue to test and develop in beta. We appreciate comments, which you can provide using the comments tab on the right of the page.

(Reuters) – Private equity firm Thomas H. Lee Partners LP turned to Kirkland & Ellis to guide its $ 3 billion acquisition of the semiconductor business of Brooks Automation Inc. Mintz, Levin, Cohn , Ferris, Glovsky and Popeo advise Brooks Automation.

The companies announced the transaction on Monday. Brooks Automation has abandoned its plan to separate the semiconductor unit from its life sciences business.

Thomas H. Lee Partners works with a team from Kirkland led by business partners Ted Frankel and Cole Parker and debt financing partner Eric Wedel.

Frankel also recently led a team of Kirkland lawyers who advised the private equity firm on its sale of a stake in robotic technology company AutoStore to Softbank Group Corp, as part of a 2-year deal. , $ 8 billion, according to an April press release.

Brooks Automation, based in Chelmsford, Mass., Turned to regular advisor Mintz Levin for advice on selling their semiconductor unit. The firm’s team was led by corporate members Michael Fantozzi, Daniel Kajunski and Robert Burwell.

Fantozzi and Kajunski previously contributed to Brooks Automation’s acquisition of genomics service provider Genewiz Inc, according to a September 2018 press release.

A representative for the company said Mintz Levin has advised Brooks Automation on several merger and acquisition projects while also acting as securities and corporate advisor to the company.

The sale of Brooks Automation’s semiconductor unit is expected to close in the first half of 2022.

The financial adviser to the company is Evercore Inc, and the accounting adviser to Thomas H. Lee Partners is PricewaterhouseCoopers.

Brooks Automation’s Life Sciences segment caters to customers in the pharmaceutical, biotechnology and healthcare industries globally, while the Automation segment provides robotic and other automated solutions to chipmakers. and equipment manufacturers.

The deal is at least the second multibillion-dollar semiconductor transaction since mid-summer, as the industry faces a global chip shortage.

In July, semiconductor equipment maker MKS Instruments Inc announced the acquisition of specialty chemicals group Atotech Ltd for $ 5.1 billion with backing from five law firms. DLA Piper, Wilmer Cutler Pickering Hale and Dorr and Carey Olsen represented MKS Instruments. Latham & Watkins and Ogier advised Atotech.

Read more:

Brooks Automation to Sell Automation Unit for $ 3 Billion, Drops Separation Plans

Law Firm Quintet Fuels MKS Offer to Boost Semiconductor Business

Sierra Jackson

Sierra Jackson reports on legal matters in major mergers and acquisitions, including transactions, litigation and regulatory changes. Contact her at sierra.jackson@thomsonreuters.com

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Tom Girardi’s fall gives ethics lessons to lawyers https://farrislawfirm.com/tom-girardis-fall-gives-ethics-lessons-to-lawyers/ https://farrislawfirm.com/tom-girardis-fall-gives-ethics-lessons-to-lawyers/#respond Mon, 20 Sep 2021 08:03:08 +0000 https://farrislawfirm.com/tom-girardis-fall-gives-ethics-lessons-to-lawyers/

The Covid-19 lockdown in March 2020 closed courts across the country, meaning there has been no new verdict and no urgency for defendants to pay settlements. For the plaintiff’s former lawyer Tom Girardi, who is now struck off the federal bar and whose firm, Girardi & Keese, is bankrupt and involuntary receivership, was the beginning of the end of his seemingly illustrious career.

Girardi’s career includes his work with Ed Masry on the environmental contamination case dramatized in the 2000 film “Erin Brockovich” and his portrayal of the families of the victims of the Lion Air crash in 2018 that killed all 189 people on board.

As lawyers, we must right the untold damage his actions have caused the legal profession. We can start with these three ethical lessons.

Failure to maintain funds in client’s trust account

According to documents filed by the State Bar of California, Girardi allegedly failed to keep funds that belonged to its clients in their respective trust accounts (CTAs), as required. In January 2021, Girardi went so far as to leave a voicemail message for his co-counsel, Jay Edelson at Edelson PC, claiming that he had paid their customers the full Lion Air settlement amount of $ 2 million owed by their CTA. Despite being co-counsel, Girardi had sole control and was the sole signatory of the CTAs.

One of the many lessons for the state bar is that it needs more scrutiny CTA’s monitoring process and new regulations to prevent this type of diversion in the future. The lesson for lawyers is to do more internal control of their firm’s CTA accounts.

If more than one attorney is a signatory, each signatory should review each deposit and withdrawal and know the deadlines by which clients are to receive money from the account. Even if a lawyer is not a signatory, if there is a suspicion of embezzlement or commingling of money, the lawyer should escalate the issue within the Iaw closes, and if not resolved internally, to the state bar for review. The ethical treatment of customers should always be at the forefront of our minds.

Failure to maintain malpractice insurance

California Rules of Professional Conduct do not require attorneys to carry malpractice insurance, they only require that a lawyer who has no insurance must disclose this fact to their clients. According to a 2018 survey, 39% of sole practitioners and 12% of lawyers in small firms with two to five lawyers do not have liability insurance.

Girardi’s firm did not have malpractice insurance. While it is not clear whether the insurance would have covered the losses in this case due to the allegations of intentional misconduct, the state bar should reconsider how it is handling this issue.

Disclosure is not sufficient protection. There is a vast imbalance of power, both with the client’s likely failure to understand any boilerplate disclosure in the agency agreement and with the generally dire circumstances a client finds himself in precipitating the need for counsel. in the first place. All lawyers should be required to carry malpractice insurance.

A request to terminate the lawyer-client relationship

Girardi’s wife Erika Jayne, one of the cast members of “The Real Housewives of Beverly Hills,” filed for divorce in November 2020. The case generated a tremendous amount of publicity and speculation as to whether she was aware of her husband’s alleged relationships, and more specifically whether her businesses received any of her client’s settlement money.

On June 15, his lawyers requested to step down as counsel, stating that “the relationship of trust that is essential to the proper functioning of an attorney-client relationship has broken down and, according to the good faith assessment of lawyer, the relationship is irreparable. ”

The takedown request was widely reported due to the high-profile nature of the case, and the filing came a day after the premiere of the Girardi and Jayne documentary, “The Housewife and the Hustler.” Two days later, on June 17, his lawyers voluntarily withdrew their withdrawal request. of his case, without further comment. In the court of public opinion, however, the damage was already done.

According to the California Rules of Professional Conduct regarding attorney-client relationships and dealing specifically with termination of representation: “An attorney should not terminate representation until he has taken reasonable steps to avoid harm. reasonably foreseeable to the rights of the customer ”.

Arguably, the filing of the takedown request in itself prejudiced Jayne, particularly coming so close to the documentary’s release and the wording used in the filing. It would be reasonable to believe that the words “trust” and “broken down” meant that the lawyers believed their client was lying to them based on new information they had received either from the documentary or court documents. The problem is, in just two days, lawyers changed their minds about how they viewed their lawyer-client relationship.

The ethical lesson for lawyers is that the lawyer-client relationship is sacrosanct and there is always an imbalance of power, even if the client is a celebrity and in the public eye. The actions of her lawyers made it look like she was lying, and once someone’s credibility is damaged, it is very difficult to rehabilitate herself.

As more information comes to light about Tom Girardi’s alleged actions, we, the lawyers, must strive to learn every lesson and take whatever steps are necessary to regain public confidence in our profession.

This column does not necessarily reflect the opinion of the Bureau of National Affairs, Inc. or its owners.

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Author Info

Dina Sayegh doll is a lawyer, television commentator and certified mediator. She practiced law at Gibson Dunn & Crutcher LLP before co-founding Doll Amir & Eley LLP. She is a legal analyst for the Law & Crime Network and appears regularly on a wide range of media.

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ROSEN, A TOP RANKING LAW FIRM, encourages https://farrislawfirm.com/rosen-a-top-ranking-law-firm-encourages/ https://farrislawfirm.com/rosen-a-top-ranking-law-firm-encourages/#respond Sun, 19 Sep 2021 17:00:00 +0000 https://farrislawfirm.com/rosen-a-top-ranking-law-firm-encourages/

NEW YORK, September 19, 2021 (GLOBE NEWSWIRE) – WHY: Rosen Law Firm, a global investor rights law firm, announces the filing of a class action lawsuit on behalf of the buyers of the American Depositary Shares (“ADS”) of Waterdrop Inc. (NYSE: WDH) pursuant to and / or traceable to the IPO carried out in May 2021 (the “IPO”). A class action has already been filed. If you want to serve as the principal applicant, you must move the court no later than November 15, 2021.

SO WHAT: If you have purchased Waterdrop ADSs in accordance with and / or traceable to IPO, you may be entitled to compensation without payment of any fees or additional charges through a contingency fee agreement.

WHAT TO DO NEXT: To join the Waterdrop class action lawsuit, go to http://www.rosenlegal.com/cases-register-2158.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action has already been filed. If you want to serve as the principal applicant, you must move the court no later than November 15, 2021. A principal plaintiff is a representative party acting on behalf of the other members of the class to direct the litigation.

WHY THE ROSEN LAW: We encourage investors to select qualified advisors with a track record of success in leadership roles. Often, companies issuing reviews do not have comparable experience, resources or peer recognition. Be wise in choosing the right lawyer. Rosen law firm represents investors around the world, focusing its practice on class actions in securities and derivative litigation between shareholders. Rosen law firm has secured the largest securities class action settlement against a Chinese company. Rosen law firm was ranked # 1 by ISS Securities Class Action Services for the number of securities class action settlements in 2017. The firm has been ranked in the top 4 every year since 2013 and has recovered hundreds millions of dollars for investors. In 2019 alone, the company raised more than $ 438 million for investors. In 2020, founding partner Laurence Rosen was appointed by law360 as the Titan of Plaintiffs’ Bar. Many of the firm’s lawyers have been recognized by Lawdragon and Super Lawyers.

CASE DETAILS: According to the lawsuit, the IPO registration statement contained false and / or misleading statements and / or failed to disclose that: (1) Waterdrop had achieved a substantial portion of its historic revenue growth through illicit means which ranged against Chinese rules and regulations governing the insurance industry; (2) Waterdrop had been ordered by the Chinese government to shut down its mutual aid platform due to its failure to comply with Chinese law; (3) Waterdrop was under investigation by regulatory authorities for continued violations of Chinese law; (4) as a result of the foregoing, there was a material undisclosed risk and a substantial likelihood that Waterdrop would be the subject of serious adverse action by regulatory authorities as a result of the IPO; (5) Waterdrop’s operating losses more than quadrupled in the first quarter of 2021 due to the cessation of its mutual aid business and the rapid growth in customer acquisition costs; and (6) Due to the foregoing, the statements in the IPO registration statement regarding Waterdrop’s historical financial and operating metrics and alleged market opportunities did not accurately reflect the business, operations , the actual financial results and trajectory of the Company in the run-up to the IPO, were materially false and misleading, and lacked a factual basis. When the real details entered the market, the lawsuit claims that investors have suffered damage.

To join the Waterdrop class action lawsuit, go to http://www.rosenlegal.com/cases-register-2158.html or call Phillip Kim, Esq. toll free at 866-767-3653 or by emailing pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No class has been certified. Until a group is certified, you are not represented by a lawyer unless you hire one. You can choose the lawyer of your choice. You can also remain an absent group member and do nothing at this point. The ability of an investor to participate in any potential future payback does not depend on whether he is a principal applicant.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Lawyer advertising. Previous results do not guarantee a similar result.

——————————-

Contact details:

Laurence Rosen, Esq.
Phillip Kim, Esq.
Rosen Law Firm, Pennsylvania
275 Madison Avenue, 40th Floor
New York, New York 10016
Phone. : (212) 686-1060
Toll free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cas@rosenlegal.com
www.rosenlegal.com

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Bad for business: World Bank rigging scandal in China shakes investors https://farrislawfirm.com/bad-for-business-world-bank-rigging-scandal-in-china-shakes-investors/ https://farrislawfirm.com/bad-for-business-world-bank-rigging-scandal-in-china-shakes-investors/#respond Sun, 19 Sep 2021 06:07:33 +0000 https://farrislawfirm.com/bad-for-business-world-bank-rigging-scandal-in-china-shakes-investors/
REUTERS

LONDON – Some investors and activists expressed dismay on Friday at revelations that World Bank executives pressured staff to boost China’s score in an influential report that ranks countries based on ease of doing doing business there.

They also said that the World Bank’s subsequent discontinuation of the “Doing Business” series of annual reports may make it more difficult for investors to assess where to put their money.

“The more I think about it, the worse it looks,” said Tim Ash of BlueBay Asset Management, adding that reports released since 2003 have become important to banks and businesses around the world.

“Any quantitative country risk model has incorporated this into the ratings. Money and investments are allocated on the back of this series.

An investigation by the law firm WilmerHale, at the request of the World Bank’s ethics committee, found that the heads of the World Bank, including Kristalina Georgieva – now head of the International Monetary Fund – had exercised a “Undue pressure” to increase China’s scores in the “Doing Business 2018” report.

At the time, the Washington-based multilateral lender was seeking Chinese support for a major capital raise.

Georgieva said she disagreed “fundamentally with the findings and interpretations” of the report, which was released Thursday, and briefed the IMF’s board.

The Tax Justice Network advocacy group hailed the ethics committee’s investigation.

“The bigger question is how, if it is even possible, the Bank can eliminate the institution’s apparent corruption,” UK-based group CEO Alex Cobham said on Twitter.

KREMLIN: RANKS JUST A TOKEN
Economists said such reports – from the World Bank and others – were useful but had long been vulnerable to manipulation.

They said some governments, especially in emerging countries that want to show progress and attract investment, might become fixated on their stance on reports, which assess everything from the ease of paying taxes to legal fees.

The United Arab Emirates, 16th in the latest 2020 report, aimed to top the rankings in 2021, while Russia climbed to 28th in 2020, from 120th in 2011. President Vladimir Putin issued the challenge to the United Arab Emirates. country to break into the top 20 at the end of the last decade.

Asked about the World Bank’s abandonment of ratings, Kremlin spokesman Dmitry Peskov said on Friday: “The task of improving the business climate is not linked to the existence of ratings. Ratings are only one criterion.

Previous World Bank research, however, suggested that foreign direct investment flows were higher for the best performing economies in its reports.

“DIVERGENCE WITH CORRUPTION SCORES”
But Charles Robertson, chief economist at Renaissance Capital, said the ease of doing business had been losing credibility for years. Some countries employ investment firms, including his own, and even former government officials to advise them on how to improve their rankings.

“There were large discrepancies between the corruption rank (s) of some countries and the ease of doing business scores, implying that these were only nominal improvements rather than to reflect an underlying economic change, ”he said.

“As an economist, however, it would be a real shame if we lost access to the underlying data. It’s really interesting, for example, to know that it takes 900 hours for a company in Brazil to process taxes, whereas elsewhere it only takes 70, ”added Robertson.

Emerging markets-focused investment manager Ashmore Group hired a third-party data provider who used Doing Business findings as one of their sources, but ultimately relied on their own research for the decisions. investment, said Gustavo Medeiros, Ashmore’s deputy director of investment research. solidify.

“When companies are looking to make foreign direct investments, the report is a useful roadmap to understand where the potential problems may be and then they can do their due diligence,” he added. – Reuters

]]> https://farrislawfirm.com/bad-for-business-world-bank-rigging-scandal-in-china-shakes-investors/feed/ 0 Overview of hiring, promotions, departures from law firms: update of September 20, 2021 https://farrislawfirm.com/overview-of-hiring-promotions-departures-from-law-firms-update-of-september-20-2021/ https://farrislawfirm.com/overview-of-hiring-promotions-departures-from-law-firms-update-of-september-20-2021/#respond Sat, 18 Sep 2021 09:11:43 +0000 https://farrislawfirm.com/overview-of-hiring-promotions-departures-from-law-firms-update-of-september-20-2021/

Fasken Martineau DuMoulin srl

There are three new partners in the firm’s corporate / commercial group in the Montreal office:

  • Guy Rouleau
  • Jocelyn Auger
  • Jean-Francois Noel

“Their experience and knowledge in the fields of information technology and telecommunications as well as mergers and acquisitions further strengthen the depth of our corporate law team and will be a considerable asset for our clients”, declared Éric Bédard, partner. director of the cabinet for the Quebec Region, in a press release.

Gowling WLG (Canada) srl

Three new partners have joined the firm:

  • Raman Johal (Vancouver) – Private Client Services Group
  • Mark Platteel (Toronto) – Real Estate and Financial Services Department and Infrastructure and Construction Group
  • Lesley Kim (Calgary) – national tax group

“Pragmatic, methodical and very protective of the interests of her clients, Raman promises to be an exceptional addition to the team of private clients at our firm in Vancouver,” said Brent Kerr, managing partner of the firm’s Vancouver office, in a statement.

“[Platteel] has a proven track record of helping infrastructure companies launch and win large-scale projects successfully, work with parts of the consortium, and then manage and overcome the various challenges they face, ”said Ted Betts , Toronto partner and head of the company’s infrastructure and construction group. , in a press release.

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Law firm Rosen to lead investor lawsuit against Botox rival https://farrislawfirm.com/law-firm-rosen-to-lead-investor-lawsuit-against-botox-rival/ https://farrislawfirm.com/law-firm-rosen-to-lead-investor-lawsuit-against-botox-rival/#respond Sat, 18 Sep 2021 01:42:00 +0000 https://farrislawfirm.com/law-firm-rosen-to-lead-investor-lawsuit-against-botox-rival/
By Katryna Perera (September 17, 2021, 9:42 p.m. EDT) – Law firm Rosen was named class counsel on Friday in a lawsuit against medical aesthetics company Evolus Inc. that was filed after the company’s share price fell when it was banned from importing and selling its alternative to Botox in the United States for 21 months.

A New York federal judge named the company and investor Raja Ahmad as the main plaintiff, saying Ahmad alleged the greatest loss and the greatest financial interest among the plaintiffs. According to the order, Ahmad claimed a loss of approximately $ 748,000.

The United States International Trade Commission ordered the …

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Ex-Clinton campaign law firm lawyer pleads not guilty in Trump-Russia inquiry https://farrislawfirm.com/ex-clinton-campaign-law-firm-lawyer-pleads-not-guilty-in-trump-russia-inquiry/ https://farrislawfirm.com/ex-clinton-campaign-law-firm-lawyer-pleads-not-guilty-in-trump-russia-inquiry/#respond Fri, 17 Sep 2021 17:08:00 +0000 https://farrislawfirm.com/ex-clinton-campaign-law-firm-lawyer-pleads-not-guilty-in-trump-russia-inquiry/ A Federal Bureau of Investigation sign outside the FBI J. Edgar Hoover building in Washington. REUTERS / Leah Millis

WASHINGTON, Sept. 17 (Reuters) – A former lawyer for Hillary Clinton’s presidential campaign law firm pleaded not guilty on Friday to lying to the FBI, a charge brought by a U.S. special attorney investigating the origins of a FBI investigation into potential ties between Russia and Donald Trump’s election campaign in 2016.

Sean Berkowitz, the lawyer for Michael Sussmann, 57, a cybersecurity specialist who worked for the Perkins law firm, Coie, told US investigating judge Zia Faruqui that he was pleading “not guilty on behalf of Mr. . Sussmann “.

Andrew Defilippis, representing special advocate John Durham, demanded that the conditions of Sussmann’s bail include restriction of his travel to Washington DC and New Jersey, and that he transfer a gun he owned. to a third party.

Berkowitz accepted the conditions. The next hearing was scheduled for September 22 before U.S. District Judge Christopher Cooper.

Sussmann was charged in an indictment released Thursday by Durham with making false statements during a September 19, 2016 meeting with James Baker, then general counsel for the Federal Bureau of Investigation.

Indictment accused Sussmann of falsely telling Baker he was not representing any clients when he met him to hand over white papers and other data files to the FBI with evidence of questionable cybernetic links between the Trump Organization and a Russian-based bank. Sources familiar with the investigation identified the bank to Reuters as Alfa Bank.

The indictment said Sussmann passed this information on to Baker not as a “good citizen” but as a lawyer representing a US tech executive, an Internet company and the Clinton presidential campaign.

Sussmann “will fight this baseless and politically inspired lawsuit,” his lawyers Berkowitz and Michael Bosworth said in a statement Thursday. Sussmann resigned from Perkins Coie on Thursday.

Sussmann is the second person to be prosecuted by Durham since Trump-appointed U.S. Attorney General William Barr called him in 2019 to investigate U.S. officials who investigated Trump-Russia contacts. Trump described the 2016 FBI investigation as a political witch hunt.

Reporting by Mark Hosenball; edited by Grant McCool

Our Standards: Thomson Reuters Trust Principles.

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