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'Octomom' faces eviction from Southern Calif. home
Headline News | 2010/12/27 11:37

The man who sold his Southern California home to "Octomom" Nadya Suleman said Sunday that he's going ahead with eviction proceedings because she hasn't made a long overdue $450,000 payment.

Amer Haddadin said he'll evict Suleman if she and her lawyer Jeff Czech don't pay the balance on the house by Friday. A balloon payment was due Oct. 9.

"I think they have money, but they are hiding the money," Haddadin said.

Suleman and Czech were served notice on Dec. 2 by mail and by hand, Haddadin said. He expects the eviction to be speedy.

Suleman and her 14 children have lived in the 4-bedroom house for nearly two years, ever since she brought her octuplets home to the quiet cul-de-sac in La Habra, about 25 miles east of Los Angeles. Her father purchased the home for $565,000, including a $130,000 down payment.

Suleman's father, Ed Doud, cut a deal with Haddadin for the house because a traditional bank loan wasn't available to Suleman, who is unmarried and unemployed. She previously lived with her mother in a small Whittier home before that house was foreclosed on.

In April, Haddadin granted a 6-month extension on the remaining balance, and says that as a Jordanian, he took pity on a fellow Arab in a tough spot, and pledged to help Doud, who is Palestinian.



NY court upholds $250,000 award after prosecution
Headline News | 2010/12/24 19:04

A midlevel court has upheld a judge's $250,000 award to a woman falsely implicated in four gruesome 1989 murders in central New York.

The Appellate Division panel declined to raise the award to 74-year-old Shirley Turner Kinge for malicious prosecution and negligent supervision of a State Police investigator who later admitted planting her fingerprints on a gas can. Kinge originally sued New York for $500 million.

The gas can was left at the house where the Harris family was shot and their bodies set on fire in Dryden, 40 miles south of Syracuse.

Kinge, who used Harris' credit cards afterward, spent 2 1/2 years in prison on arson and burglary convictions later overturned.

Her son Michael Kinge was shot dead when troopers tried to arrest him for the murders in 1990.



Menzer & Hill, P.A., Files an Arbitration Claim Against UBS Financial Services, Inc.
Headline News | 2010/12/16 10:14

The Securities Law Firm of Menzer & Hill, P.A., www.suemyadvisor.com, announced today it filed an arbitration claim against UBS Financial Services, Inc. (“UBS”), (NYSE: UBS) on behalf of an investor who lost the vast majority of his retirement savings as a result of the purchase of Lehman Brothers principal protected notes (“Notes”).  The claim alleges UBS was negligent and engaged in gross misconduct by misrepresenting and omitting material facts regarding the Notes.

UBS marketed the Notes as safe, secure, investments without informing the purchasers of the true risks associated with the Notes, including the fact that the Notes were tied to the credit worthiness of the guarantor, Lehman Brothers.   Furthermore, based on the examiner’s report of the Lehman Brothers bankruptcy, UBS engaged in short term lending transactions with Lehman Brothers known as Repo 105 transactions on a fully collaterized basis, while its trading force continued to solicit purchases of the Notes which contained 100% risk.  When Lehman Brothers filed for bankruptcy, the values of the Notes became essentially worthless. 

If you have purchased Lehman Brothers Notes or have sustained any other investment losses, the attorneys at the Securities Law Firm of Menzer & Hill, P.A. are dedicated to pursuing claims on behalf of investors who have suffered investment losses as a result of broker misconduct. 

For a free case evaluation or to discuss this matter, please contact the Securities Law Firm of Menzer & Hill, P.A., at 888-923-9223, or visit us on the web at www.suemyadvisor.com



Madoff trustee sues HSBC for $9 billion
Headline News | 2010/12/06 12:10

The court-appointed trustee liquidating Bernard Madoff's former investment firm has filed a lawsuit against HSBC for $9 billion for allegedly aiding the most massive Ponzi scheme in history.

The trustee, Irving Picard, alleged that London-based HSBC Holdings PLC (HBC) enabled Madoff's fraud "through the creation, marketing and support of an international network of a dozen feeder funds based in Europe, the Caribbean, and Central America," in a statement released Sunday.

He claimed that HSBC and the feeder funds funneled more than $8.9 billion to Madoff's fraudulent investment advisory business, and earned hundreds of billions of dollars despite being "well aware" of the fraud after accounting firm KPMG twice notified the bank of "serious risks."

"Had HSBC and the defendants reacted appropriately to such warnings and other obvious badges of fraud outlined in the complaint, the Madoff Ponzi scheme would have collapsed years, billions of dollars, and countless victims sooner," Picard said in the statement.

David Sheehan, counsel for the trustee, said HSBC and the feeder funds' "financial sophistication" gave them insight to Madoff's scheme "long before his confession and arrest," but "each possessed a strong financial incentive to participate in, perpetuate and stay silent about Madoff's fraudulent scheme."



Orlando law firm gives away 1,000 free Thanksgiving turkeys
Headline News | 2010/11/23 15:38

Hundreds of hungry families lined up outside the Pendás Law Firm’s Orlando office early Tuesday morning, hoping to receive a free Thanksgiving turkey.

Starting at 8 a.m., attorney Lou Pendás and a group of volunteers began handing out frozen turkeys to the first 1,000 families in line, no questions asked.

Pendás said anyone could come and line up for a free turkey at his office, on East Colonial Drive.

But the giveaway was intended for families in need first and foremost, so organizers said they trusted Central Floridians to abide by the honor system.

The first few people in line showed up outside the law office around 3 a.m. Tuesday, hoping for a free holiday meal during an especially rough year.

It’s the second consecutive year the Pendás Law Firm gave away tons’ worth of turkeys.

Lou Pendás said he originally came up with idea after a number of clients told him they were worried about struggling during the holidays.

The day before the giveaway in Orlando, Pendás and his family handed out another 1,000 frozen birds at his firm’s Tampa office.



Study: AZ Boycott Cost State $140M
Headline News | 2010/11/18 11:08


A new report shows the boycott of Arizona in the wake of a controversial immigration law has cost the state more than $140 million.

The analysis commissioned by the Center for American Progress says lost hotel revenue in the first four months after the bill signing was about $45 million. The state also lost $96 million that visitors would have spent during their stays.

The study released on Thursday says meetings and conventions will probably continue to be lost for more than a year. That will multiply the impact of a boycott called by immigrant-rights groups after Republican Gov. Jan Brewer signed the state's new law in April.

The study was paid for by the group, a liberal-leaning think tank, but conducted by the respected Scottsdale-based economic firm Elliott D. Pollack & Co.



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