BP plans to start restoring a gasonline-producing unit at its Texas City refinery to production after a 3 year shutdown. The plant has been restoring units to production since its shutdown in 2005 after a hurricane and an earlier explosion that killed 15 workers.
Today the Securities and Exchange Commission (SEC) filed a lawsuit accusing Internet entrepreneur turned Dallas Mavericks owner of insider trading. At issue is a 4-year-old stock sale that Mr. Cuban has written about on his blog. The U.S. Securities and Exchange Commission alleges that Mr. Cuban avoided a $750,000 loss by selling his 6 percent stake in Momma.com, an Internet search engine company, after company executives told him confidentially about a stock offering restricted to major investors.
"It is fundamentally unfair for someone to use access to nonpublic information to improperly gain an edge on the market," said Scott W. Friestad, the SEC's deputy director of enforcement.
Cuban has flatly denied the allegations and a statement from his lawyer posted in Cuban's blog said that he would fight the civil complaint.
When company investors or executives with access to privileged information engage in insider trading, it puts other investors and shareholders at an unfair disadvantage. If you have suffered a financial loss as a result of insider trading or other corporate stock fraud, you may be entitled to compensation. A securities attorney with the Texas business litigation law firm Arnold & Itkin LLP in Houston, Texas can help you understand your rights and options you may have to claim compensation for your loss.
Arnold & Itkin LLP filed a Jones Act lawsuit today on behalf of an injured worker who suffered crippling injuries as a result of a ship owner’s failure to maintain a seaworthy vessel. As a result, this hard working man has had a complex back injury. He may need back surgery and months of therapy just to get his life back on track. This Jones Act seaman may never be able to work again. Arnold & Itkin LLP is proud that we will be able to help this man fight to recover his benefits, lost wages, medical expenses, and money for his pain and suffering.
One month after Hurricane Ike cut a destructive swath through southeast Texas leaving more than an estimated $11 billion in insured damages, the impact of the storm is still apparent. Here are some statistics as reported by the Houston Chronicle, from sources including FEMA, US Army Corps of Engineers, American Red Cross, and local government officials:
If you have been impacted by Hurricane Ike and you are experiencing difficulties getting a hurricane damage insurance claim settled fairly by your insurance company, you may be entitled to compensation. Don't be bullied by unfair insurance settlement practices. Get help from a qualified hurricane insurance claims lawyer today.
The former chief executive of Enron's broadband division is slated to plead guilty today to a single count of wire fraud, a federal felony, rather than face a jury a second time.
Joseph Hirko was scheduled to be retried alongside Rex Shelby, a former top software executive, in December this year — more than three years after their first lengthy trial ended with a handful of acquittals, no convictions and jurors hung on dozens of other counts.
Read the full story in the Houston Chronicle article "Guilty plea likely in Enron case".
Nearly a month after Hurricane Ike hit the Houston-Galveston area, most of the area's residents have returned to a nearly normal life. But for many whose homes or business property were damaged by the storm, the stress and complications of dealing with unfair insurance practices are still taking their toll. The Texas Business Lawyers of Arnold & Itkin LLP have published information to help business and homeowners understand their rights and options in the hurricane insurance claims process.
Texas law defines certain rights of the insured and duties and deadlines for the insurer. Read about the Texas Insurance Code and its requirements for prompt payment of insurance claims, and about other duties and deadlines imposed on insurers at Texas-Business-Lawyers.com.
When an industrial accident causes serious injury or death, there are many tangible and intangible costs that can take a toll on the immediate and future well-being of the victim and their family. The immediate impact of a serious injury is obvious— the lost work and wages, the costs of hospitalization, and the suffering. Even rehabilitation costs that may continue into the future are a recognized cost of an injury. Sadly, some of the long term costs of an injury cannot be known by anyone who has not experienced a life changing injury or death of a loved one before.
Experienced personal injury attorneys have helped many clients with life-changing injuries who live every day with the ongoing costs that usually accompany such an injury. With this experience and long term perspective, a good attorney will understand the importance of adequately providing a way to pay for these ongoing costs of injury that an injured worker or their family may live with for many years. With this comprehensive understanding of the real, long-term costs of catastrophic injury an experienced attorney can help injured workers and their families recover physically, financially, and emotionally.
Consider these costs that could result from serious injury or death from an industrial accident:
If you or a loved one have been seriously injured on the job, seek help from experienced counsel who can help you understand the long-term costs of your injury. Contact the experienced industrial accident lawyers at Arnold & Itkin LLP for a free initial consultation.
The Houston Chronicle reported today that in a filing made by lawyers for victims of the March 2005 explosion at BP's Texas City refinery, victims challenged a proposed $50 million criminal fine saying that medical bills surpassed $100 million for just 29 of the people hurt in the explosion. Documents filed in response to a request last month by U.S. District Judge Lee Rosenthal said, "The punishment fails to fit the crime".
Last month Rosenthal asked lawyers for both sides to compile a summary of last wages as well as past and future medical bills for the 15 people killed in the accident and others who were injured. She requested the information to help her determine whether the $50 million fine is "unreasonably low".
The victims' filing said lost wages and past and future medical bills for 29 people reached $102.1 million-- more than twice the proposed fine. It noted medical losses ranging from $249,512 for a person who was 65 to more than $30 million for two people who were 32 and 44.
LyondellBasell Industries said a coker unit at its Houston refinery would remain shutdown through the third quarter. The unit was taken offline for planned maintenance that was expected to be complete in mid-September. Work on the coker was delayed following a deadly crane collapse on July 18 that killed four people.
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