Activity In The Firm's Consumer Fraud Section - Written by Beasley Allen on Thursday, April 19, 2012 9:39 - 1 Comment

Bank of America Litigation

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Lawyers in the Section are handling a number of cases against . As we have mentioned in prior issues, now owns . Financial Advisors who worked for participated in several deferred compensation plans, including plans with names like FACAAP, Growth Award, WealthBuilder, and other Long Term Compensation Incentive Programs (LTCIPs). The Advisors worked hard to accumulate benefits in the LTCIP’s with the expectation that and its successors would honor their obligations under the plans. Unfortunately, those obligations have not been honored.

’s acquisition of triggered what was defined as a “Change in Control” within the LTCIP’s. According to plain language in the plans, that event affected the vesting of deferred compensation so that any participating broker who resigned for “Good Reason” following the buyout was due to be paid the deferred compensation they worked so hard to build up. However, this did not happen and resulted in thousands of former Financial Advisors being owed millions of dollars in unpaid benefits.

Lawyers in the Section are investigating potential on behalf of former brokers against . These former employees often left either because of the changes that occurred or in some cases were pressured or pushed out by the incoming management. In any case, they were wrongfully denied deferred compensation to which they were and may still be entitled. During these tough economic times, it is a sad commentary that any hard working person must fight for what is rightfully due to him or her. Our lawyers are ready to help those former employees win that fight against .

Lawyers: Chad Stewart and Larry Golston

Primary Staff Contact: Jodi Turner

Dee Miles, as Section Head, is in charge of the Section. Michelle Fulmer serves as the Section Head Administrator. They have a very good group of lawyers and staff personnel in this section. As one can readily see, things have been very busy in the Section. If you have any questions about any of the areas covered above, contact either the or staff person working in that specific area at 800-898-2034.



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anonymous
Jul 15, 2012 11:33

There are countries that don’t respect their capitalism, plus also don’t respect their own Constitution, for themselves to enter into revolution, those countries should not blame at other countries, because after all, its their very own revolution, their very own mistakes, those public of many countries, they do not studying the articles of their own political Constitution, foe those to make it able, to can steal good plus money, plus committing crimes, those poor countries public, they asked constantly for financial international aid, but those nasty poor persons they are, already with plan to steal and murder that help, those are their way to survival for those poor countries, they must study their own Constitution, plus they should know, not to ask constantly for international aid, because that one is not their solution, the solution for poor countries, it is the grow the agriculture power, the poor countries they always have the same rate, they ask for international help, those violate its own Constitution, to join the revolution, later over, with the theft money, they become rich, and those spent the stolen money, latter again, those poor ask for international help again, then again they violate its own Constitution, for on porpoise fall into revolution, those poor countries, are dangerous countries, many countries must do not negotiate, with those because these countries violate the economic system that integrated capitalism, some greatest example, of that it is a country under name México, many saying that a country in north America, they are falling into revolution some states of that country some say that the state of California the state of Texas, those states they are violating, on porpoise their own constitution. to felt into revolution for making able to stolid good and money to business people, the police must to stop they duties are.

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