Arnold & Itkin LLP Secures $650,000 Settlement in an Unoperated Back Injury Case

Arnold & Itkin LLP attorneys Jeff Seely and Michael Pierce recovered $650,000 on behalf of a Wood Group service technician who was injured in an industrial accident when a third party failed to properly hang a blowout preventer on a land rig. His job was to cut through the casing to allow the rig to be moved. Because it was not secured properly, the 15 ton blowout preventer swung, pinned him up against the wall, and injured his back. The case was pending in Harris County.

Many Lawsuits Over Stanford Investment Fraud

Since Ralph Janvey was appointed the receiver of Stanford's assets after his alleged investment fraud, and all accounts associated were frozen, brokers and investors have wasted no time filing lawsuits in attempts to get access to their money.

A Houston lawyer, representing the Stanford brokers, Ron Frank, told the Houston Chronicle the Securities and Exchange Commission (SEC) outlawed any contact between the brokers and their clients as of February 17th, the day of the raid. Janvey explained that investors can contact a small group of brokers, not to withdraw investments, but to sell securities. Frank went on to say that the receiver has "overstepped his bounds" and that they are "going to try to take on the receiver."

Stanford Frozen AssetsIn a different lawsuit, J. Mark Brewer sued to SEC in an attempt to get access to frozen retirement accounts. His funds are held by a clearing firm called Pershing, who handled Stanford transactions. Brewer argues that, although, Stanford may be guilty, his dealings with Pershing have nothing to do with his situation. Brewer is one of many investors unhappy with the freezing of their Pershing assets. Some of the others, however, have taken a different approach; they are on board with the SEC's civil lawsuit in Dallas.

Another client cannot access his banking account due to the freeze. His attorney, Ben Elmore, has filed an intervention in the Dallas SEC lawsuit.

Also, Arnold & Itkin LLP has filed suit on behalf of a defrauded investor. The client suffered financial loss as a result of Stanford's misrepresentation of facts and deceit.

Investment Fraud Lawsuit

Taking on a billionaire and his tangled web of lies after an investment fraud can be arduous. Our securities attorneys have the expertise and experience necessary to research the situation, find the answers and recover your investment.

If you have lost money in an investment fraud, contact a securities attorney at Arnold & Itkin LLP to find the resources you need.

Arnold & Itkin LLP Files Suit on Behalf of Stanford Investment Fraud Victim

Arnold & Itkin LLP has filed a securities fraud lawsuit against Stanford International Bank Ltd., Stanford Group Company, Stanford Capital Management, Allen Stanford, James Davis and Laura Pendergest-Holt alleging the defendants fraudulently deceived the plaintiff by making false and misleading statements. Their deceit in the investment fraud caused the plaintiff economic loss and Arnold & Itkin LLP is proud to represent them and help recover the lost investment.

Arnold & Itkin LLP Represents Injured Seaman, Jasper Smith

Arnold & Itkin LLP represents Jasper Smith, a Jones Act seaman from Alabama, who was seriously injured while working as a ring setter for Daybrook Fisheries. On September 29, 2008, the captain of his pogey boat crashed their vessel into an Exxon Mobil platform located off the coast of Louisiana. The force of the collision slammed Mr. Smith into a freezer. Arnold & Itkin LLP is proud to help him get the medical treatment he needs for his back injuries and help him get the compensation he deserves.