Arnold & Itkin LLP lawyers Kurt Arnold and Jeff Seely filed a wrongful death and survival action against Enterprise Leasing Company of Houston, two local bars, and a drunk driver who caused a wreck that killed a 21 year old local resident. Enterprise negligently leased a vehicle to the drunk driver, who had a suspended license and a prior DWI conviction. The two local bars also willfully overserved the drunk driver. The decedent left a grieving mother, father, and brother. The case was filed in state court in Harris County.
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.
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:
Almost 688,000 households in 29 Hurricane Ike-stricken counties who have applied for state or federal assistance
$186 million-plus Federal Emergency Management Agency funds approved for housing and other emergency needs
$45 million is the sum expended by Houston chapter of the American Red Cross in Ike-related relief
36 deaths of Houston-Galveston area residents because of Hurricane Ike
134 names remaining on list of missing persons
14,650 CenterPoint Energy customers still without power, mostly in Galveston
$30 million in Small Business Administration disaster loans
308 homes and buildings destroyed in Galveston
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.
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.
