Looted, possibly contaminated body parts transplanted into USA, Canadian patients

Filed Under (Uncategorized) by Admin on 06-09-2022

Monday, March 20, 2006

Fears of contaminated bone and skin grafts are being felt by unsuspecting patients following the revelation that funeral homes may have been looting corpses.

Janet Evans of Marion, Ohio was told by her surgeon, “The bone grafts you got might have been contaminated”. She reacted with shock, “I was flabbergasted because I didn’t even know what he was talking about. I didn’t know I got a bone graft until I got this call. I just thought they put in screws and rods.”

The body of Alistair Cooke, the former host of Masterpiece Theatre, was supposedly looted along with more than 1,000 others, according to two law enforcement officials close to the case. The tissue taken was typically skin, bone and tendon, which was then sold for use in procedures such as dental implants and hip replacements. According to authorities, millions of dollars were made by selling the body parts to companies for use in operations done at hospitals and clinics in the United States and Canada.

A New Jersey company, Biomedical Tissue Services, has reportedly been taking body parts from funeral homes across Brooklyn, New York. According to ABC News, they set up rooms like a “surgical suite.” After they took the bones, they replaced them with PVC pipe. This was purportedly done by stealth, without approval of the deceased person or the next of kin. 1,077 bodies were involved, say prosecutors.

Investagators say a former dentist, Michael Mastromarino, is behind the operation. Biomedical was considered one of the “hottest procurement companies in the country,” raking in close to $5 million. Eventually, people became worried: “Can the donors be trusted?” A tissue processing company called LifeCell answered no, and issued a recall on all their tissue.

Cooke’s daughter, Susan Cooke Kittredge, said, “To know his bones were sold was one thing, but to see him standing truncated before me is another entirely.” Now thousands of people around the country are receiving letters warning that they should be tested for infectious diseases like HIV or hepatitis. On February 23, the Brooklyn District Attorney indicted Mastromarino and three others. They are charged with 122 felony counts, including forgery and bodysnatching.

Retrieved from “https://en.wikinews.org/w/index.php?title=Looted,_possibly_contaminated_body_parts_transplanted_into_USA,_Canadian_patients&oldid=4673663”

An Overview Of Perspective Software

Filed Under (Workplace Policy) by Admin on 05-09-2022

By Jacob Coroner

Perspective Software is one of the world’s leading developers of business process management (BPM) and enterprise content management (ECM) software. Established more than a decade ago in 1988, the company is well known for their flexible and versatile range of products and solutions. The products of the company are used in several industries that include business enterprises, government offices, institutions of higher education, health care and so much more.

A brief history of the software company

Perspective Software started out as Genesis Software and focused primarily on developing software for accounting. The company changed its first name to Perspective Vision in 1995 as it began to shift its development operations to their trademarked product ImageNow. The company also began to develop software in the areas of workflow, imaging, and document management. In 2004, the company abandoned its second name in favor of its current name.

In 2010, Perspective Software was purchased by Lexmark International Inc. as a standalone business unit. The result has led the company to expand its reach throughout the entire world. The central office is still based in the United States, in Kansas to be more precise, but has offices in locations in all continents such as: Singapore, France, Australia, the United Arab Emirates, United States and Brazil.

[youtube]http://www.youtube.com/watch?v=UEioCWKT0NQ[/youtube]

Most recently, Lexmark International Inc. had come to acquire two other companies, Australian ISYS Search Software and the American Nolij Corporation. The two companies will help supplement the work conducted by Perspective Software.

Currently, the company also has partnerships with several major hardware and software companies such as: IBM, Oracle, Lawson Software, Xerox, Microsoft, Microsoft Dynamics, Canon and so much more.

Company products and services

The company is famous for its flagship product ImageNow. The product includes document imaging and management solutions, and workflow management systems. Their products are efficient and versatile. The company promises and boasts an immediate high return on investment.

The company’s service teams are among its greatest assets. It has an all-inclusive portfolio of services which can bring an organization to greater heights of operational efficiency. These services helps an organization take full advantage of their investments in ECM technology.

Products as Services

Perspective Software also offers a very unique kind of service. Unlike other software products out there, the company allows customers to use their software as a service. This service is referred to as SaaS which stands for Software as a Service. This allows organizations access to their software through a subscription service in working environments that are managed and maintained by the company.

Awards and Accolades

The company and its key figures have one for themselves several awards. The company’s CEO and president Scoot Coons is a recipient of the Ernst & Young Entrepreneur of the Year award. The company itself has been voted as one of the ‘Best Places to Work’ by its employees in Kansas for five times. Last, but not least, Perspective Software has also been inducted into the ‘Hall of Champions’ by the Kansas City Business Journal.

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Sub-prime lenders send jitters through global markets

Filed Under (Uncategorized) by Admin on 04-09-2022

Tuesday, March 13, 2007

Just two weeks after China sent global markets into a tumble, growing worries about sub-prime mortgage lenders in the United States are sending jitters through stock exchanges around the globe. The three major US stock market indices each fell two percent from Monday’s closing price, marking the second-biggest loss of 2007. London’s FTSE 100, Paris’ CAC 40 and Frankfurt’s DAX 30 indices each closed down more than 1 percent.

As the Mortgage Bankers Association reported that late payments on mortgages and home foreclosures in the US homes rose in the fourth quarter to their highest level in years, investors are concerned that not only US banks but also multi-national banks around the globe could have exposure.

More than two dozen sub-prime lenders have closed or sold operations as defaults on those mortgages have risen. “The delinquencies and defaults have started to soar,” said Nicolas Retsinas, director of Housing Studies at Harvard University. “A lot of these lenders started to make loans and lost track of some of the fundamentals.”

New Century Financial Corporation, the second largest sub-prime lender in the US, has recently revealed that its creditors were no longer providing funds and, further, it has become subject of an SEC investigation. The New York Stock Exchange has said it will delist New Century. Accredited Home Loan Lending, another major sub-prime mortgage specialist, said it was seeking fresh capital and waivers on its lending covenants.

Sub-prime lenders provide mortgages to people who do not qualify for loans from mainstream lenders, typically due to their credit histories. The lenders then bundle these mortgages as collateral for loans that they obtain from other financing firms, such as GMAC. Such firms can then repackage these loans and sell them as mortgage-backed securities. These securities may end up in the hands of major multi-national banks such as Citibank, HSBC, and Commerzbank. Each level of lending assumes a level of financial risk, but trouble can arise when the risk tolerances are exceeded. If too many homeowners default on their mortgages, the sub-prime lender can end up defaulting. If too many of these lenders default, as it is feared may be happening now, the defaults can cascade upward. While no one is predicting major bank failures at this point, it is feared that their profits could be hurt.

Retrieved from “https://en.wikinews.org/w/index.php?title=Sub-prime_lenders_send_jitters_through_global_markets&oldid=1556193”

Gastric bypass surgery performed by remote control

Filed Under (Uncategorized) by Admin on 04-09-2022

Sunday, August 21, 2005

A robotic system at Stanford Medical Center was used to perform a laparoscopic gastric bypass surgery successfully with a theoretically similar rate of complications to that seen in standard operations. However, as there were only 10 people in the experimental group (and another 10 in the control group), this is not a statistically significant sample.

If this surgical procedure is as successful in large-scale studies, it may lead the way for the use of robotic surgery in even more delicate procedures, such as heart surgery. Note that this is not a fully automated system, as a human doctor controls the operation via remote control. Laparoscopic gastric bypass surgery is a treatment for obesity.

There were concerns that doctors, in the future, might only be trained in the remote control procedure. Ronald G. Latimer, M.D., of Santa Barbara, CA, warned “The fact that surgeons may have to open the patient or might actually need to revert to standard laparoscopic techniques demands that this basic training be a requirement before a robot is purchased. Robots do malfunction, so a backup system is imperative. We should not be seduced to buy this instrument to train surgeons if they are not able to do the primary operations themselves.”

There are precedents for just such a problem occurring. A previous “new technology”, the electrocardiogram (ECG), has lead to a lack of basic education on the older technology, the stethoscope. As a result, many heart conditions now go undiagnosed, especially in children and others who rarely undergo an ECG procedure.

Retrieved from “https://en.wikinews.org/w/index.php?title=Gastric_bypass_surgery_performed_by_remote_control&oldid=4331525”

Iranian International Master Dorsa Derakhshani discusses her chess career with Wikinews

Filed Under (Uncategorized) by Admin on 03-09-2022

Tuesday, April 14, 2020

In February 2017, the Iranian Chess Federation announced two teenage chess players, Dorsa Derakhshani and her younger brother Borna Derakhshani, were banned from representing the national team. The federation announced their decision although Dorsa Derakhshani had previously decided and informed the chess federation she did not wish to play for Iran.

Dorsa Derakhshani is currently 21 years old and holds the International Master (IM) as well as Woman Grand Master (WGM) titles. Her brother, Borna, plays for the English Federation and holds the FIDE Master title.

Dorsa Derakhshani was banned since she did not wear a hijab, an Islamic headscarf, while competing at the Tradewise Gibraltar Chess Festival in January 2017. Under the laws of Islamic Republic of Iran, hijab is a mandatory dress code. Her brother Borna Deraskhsani was banned for playing against Israeli Grand Master (GM) Alexander Huzman at the same tournament. Iran does not recognise the existence of Israel, and previously, Irani athletes have avoided playing against Israeli athletes.

Mehrdad Pahlavanzadeh, the president of the country’s chess federation, explained the decision to ban the players saying, “As a first step, these two will be denied entry to all tournaments taking place in Iran and in the name of Iran, they will no longer be allowed the opportunity to be present on the national team.” ((fa))Farsi language: ?????? ????? ?? ??? ??? ?? ??? ????? ?? ?? ???? ???????? ?? ?? ????? ? ?? ??? ????? ?????? ??????? ????? ??????? ? ???? ???? ???? ?? ??? ??? ?? ??????? ????. He further stated, “Unfortunately, something that should not have happened has happened and our national interest is paramount and we have reported this position to the Ministry of Sports.” ((fa))Farsi language: ????????? ?????? ?? ????? ????????? ?????? ??? ? ????? ??? ?? ?? ?? ???? ?????? ???? ? ?? ??? ???? ?? ?? ????? ???? ?? ????? ?????.

IM Dorsa Derakhshani, who currently studies at Saint Louis University in the United States and plays for the United States Chess Federation, discussed her chess career, time in Iran and the 2017 controversy, and her life in Saint Louis with a Wikinews correspondent.

Retrieved from “https://en.wikinews.org/w/index.php?title=Iranian_International_Master_Dorsa_Derakhshani_discusses_her_chess_career_with_Wikinews&oldid=4583918”

Childhood Obesity What Parents Must Know

Filed Under (School) by Admin on 03-09-2022

The speedily increasing incidence of obesity among children is one of the most challenging dilemmas facing the society today. Obesity has become an epidemic among children and adolescents in the United States, effecting about 17 percent of them. Obesity increases the risk for diabetes, hypertension, and other chronic health problems. It also decreases the quality of life. Growing public awareness of the magnitude and adverse health consequences of childhood obesity has led to an array of efforts aimed at increasing physical activity as well as promoting healthful eating. As childhood obesity is a serious public health problem calling for immediate reductions in obesity prevalence and in its health and social consequences, parents need to understand this entity and how to address it without adversely affecting the childs psychology. Parents are concerned or would soon get concerned about the ideal weight that their child should have to remain healthy. The World Health Organization defines health as a state of complete physical, mental, and social well-being and not merely the absence of disease or infirmity.

Consistent with this, the health-at-any size approach is encouraged. This is focused on health rather than weight. It focuses on the whole person, physically, mentally, and socially. This approach shifts the emphasis to living actively; eating in normal, healthful ways; respecting each individual; as well as health and wellbeing for all at whatever size they may be. Health-at-any-size advocates support for appropriate lifestyle and behavior changes to achieve these objectives.

This must clearly be understood that being overweight does not mean that he or she is obese too and that there is a difference between being overweight and obese. How do we decide whether an individual is overweight or obese? There are scientific guidelines which decide this and classify obesity. The commonest parameter is body mass index commonly known as BMI. It is the ratio of weight in kilograms to square of height in meters. Now how do you calculate this? Suppose John’s weight is 80 Kilograms and his height is 1.6 meters. Then multiply 1.6 by 1.6 (this will give square of height in meters), we get 2.56. Now divide 80 by 2.56 (This is the ratio of weight in kilograms to square of height in meters). The answer is 31.25. So John’s BMI is 31.25. A person is said to be overweight when his body mass index is over 25 while he or she is called obese if it is 30 or more. This classification helps to choose the various modalities of treatment available for obesity and also identifies simply overweight individuals who can adopt measures to prevent their progression to obesity.

Height and weight measurements and BMI need to be considered as part of an overall assessment and not as the single measurement for determining health status. Use of this measure alone has resulted in inaccurate labeling of children. Tables for BMI are based on assumptions that higher weight means higher body fat. However, some children with higher body weights will not be over fat, depending on physical activity, age, stage of puberty, gender, and ethnicity. For example, a recent study shows that one in four children categorized as at risk have normal body fat, and one in six in the normal weight range have high body fat. Children grow and mature in different ways, and a childs weight for height or BMI can best be evaluated in relation to his or her own growth history. Also, growth spurts may be preceded by an increase in body fat. Thus an over ambitious attempt to impose BMI standards on children in a blanket manner may interfere with normal growth of many.

Parents have a large role to play. Diet pattern and physical activities of children are to be focused upon. They should be aware that eating slowly helps children to recognize when they are full, so encourage slow eating. Planned and low-fat snacks which are portion-controlled can help keep kids remain satisfied between meals and stay away from overeating; thus snacks must be planned. Allocation of specific areas for eating and that too on a table is essential but it should not be in a room with a television. Children should focus on meals while eating rather than becoming unaware whether they are full while watching the television. A particular type of food like candy or cookies should not be abandoned and let everyone in the family enjoy them in moderation. Be aware of what is served at school or pack a nutritious lunch for your child. Have a dinner with the whole family as regularly as possible. Use this time to enjoy your meal and learn about your child’s activities that day. Unless your doctor recommends it, do not put your child on a restrictive diet. Children have specific nutritional needs, so limiting what your child eats can interfere with healthy growth and development.

It should also be understood that when you are physically active, your child is more likely to be physically active. Find activities that you are comfortable participating in and have your child join you. When your children get praise and positive feedback while they are being active, they are much more likely to keep going with the activity, thus, applaud your children whenever they engage in any sort of physical activity. Be a proud parent, show enthusiasm and give appropriate rewards for engagements in physical activities. Mention your child’s successes to your friends while your child is around. A step further, get together with neighbors and start a regular group activity plan for all the children on your street. If you see an opportunity for starting a new activity in the community, volunteer to help.Last but not the least stigmatization of an obese or overweight child either at home or at school brings about loss of self esteem, depression and compensation through satiety of overeating. It leads also to a perception that the child is doomed to his or her fate and efforts to loose weight are not destined to bring about positive results. Thus encouragement and appreciation of the childrens overall capabilities, behavior and personality, may encourage them to approach correction of obesity more positively. Parents should propose to the schools that acceptance and respect for oneself along with others can be effectively addressed as part of the overall school policy on acquiescence of diversity. Refusal to tolerate teasing or harassment of or by students or staff should become a strategy. Obesity prevention programs need to be periodically assessed by appropriate professionals to ensure that they do not create unintentional stigmatization or promote dangerous eating and exercise behaviors. All aspects of the measures required to control obesity are to be exercised in a comprehensive manner to meet the advancing menace of this draconian problem – an obese society.

US stock markets tumble on ‘Black Monday’ anniversary

Filed Under (Uncategorized) by Admin on 01-09-2022

Saturday, October 20, 2007

This article features in a News Brief from Audio Wikinews:

Some say history tends to repeat itself. Today marked a day in history, when 20 years ago, the United States Dow Jones Industrial Average market crashed, on what is known as ‘Black Monday‘. The crash sent the market tumbling down 508 points, losing nearly 24%. On Friday, the Dow Jones nearly broke that record when the market closed at -366.94 points, down almost three percent.

Several factors could be to blame for the loss, one being Turkey’s government approving a measure on October 18 to send Turkish troops into Iraq in an attempt to take out militants of the Kurdistan Workers Party (PKK). This sent oil prices skyrocketing to the highest prices in history, with the highest record being just over US$89.00, which was set on October 18.

Fears that the housing market in the U.S. has come to a standstill has also lead Caterpillar Inc., which manufactures and sells construction equipment to issue a warning that the standstill would cause profits to drop, and the American economy to be severely hurt. On Friday their stocks lost nearly six percent to close at $73.57.

Investors and experts of the markets are disturbed by the losses calling the situation ugly.

“It’s pretty ugly. A company like Caterpillar should be a poster child for global growth and benefits of the weak dollar. It makes you question: Is global growth really that strong? Has the earnings kick from the weak dollar played itself out?” said Bell Curve Trading chief strategy expert, Bill Strazzullo.

Others believe that the losses were a way of emotionally responding to the events of ‘Black Monday.’

“Some of the earnings reports were a little disappointing but not that bad. I think we’re responding emotionally to the 20th anniversary of the October 1987 stock market crash. I’d like to laugh except it hurts,” said T Rowe Price Head trader, Andy Brooks.

The NASDAQ also took heavy losses to close down 74.15 points or -2.64%, closing at 2,725.16. The S&P 500 was also hit hard, losing 39.45 points, or -2.56%, closing at 1,500.63.

Retrieved from “https://en.wikinews.org/w/index.php?title=US_stock_markets_tumble_on_%27Black_Monday%27_anniversary&oldid=1691711”

Wikinews’ overview of the year 2007

Filed Under (Uncategorized) by Admin on 31-08-2022

Monday, December 31, 2007

What would you tell your grandchildren about 2007 if they asked you about it in, let’s say, 20 year’s time? If the answer to a quiz question was 2007, what would the question be? The year that you first signed on to Facebook? The year Britney Spears and Amy Winehouse fell apart? The year author Kurt Vonnegut or mime Marcel Marceau died, both at 84?

Let’s take a look at some of the international stories of 2007. Links to the original Wikinews articles are in bold.

Retrieved from “https://en.wikinews.org/w/index.php?title=Wikinews%27_overview_of_the_year_2007&oldid=4678722”

Tom Cruise Scientology promotional video leaked to the Internet

Filed Under (Uncategorized) by Admin on 30-08-2022

Thursday, January 17, 2008

Two days before Tom Cruise: An Unauthorized Biography, a biography of actor Tom Cruise written by journalist Andrew Morton, was released in the United States, a video showing Cruise promoting Scientology was leaked to the Internet. The promotional video appeared on video-sharing sites including YouTube, Gawker.com and radar online.com, and clips from the video were also shown on Wednesday morning talk shows in the United States.

In the 9-minute video produced by the Church of Scientology, Cruise is seen discussing his beliefs while the theme from his Mission: Impossible films plays as background music. Cruise appears wearing a black turtleneck sweater, speaking about his dedication to changing people’s lives. The format of the video appears to be an interview with Cruise, and it is edited with questions cut out. Some of Cruise’s responses end abruptly.

Being a Scientologist, when you drive past an accident it’s not like anyone else. As you drive past you know you have to do something about it because you know you’re the only one who can help.

Throughout the video, Cruise uses Scientology jargon terms such as “KSW”: “For me, it’s all about KSW.” The term stands for Keeping Scientology Working, which refers to a 10-point letter written by Scientology founder L. Ron Hubbard in 1965 to ensure the organization’s survival. Cruise also discusses “SPs”, or Suppressive Persons, “PTSPs”, a “potential trouble source” influenced by a Suppressive Person, and the need to “confront and shatter suppression”.

Cruise makes assertions about programs which use Hubbard’s teachings such as Criminon and Narconon “We’re the authorities on getting people off drugs. We’re the authorities on the mind. We’re the authorities on improving conditions. We can rehabilitate criminals. Way to happiness. We can bring peace and unite cultures.” Of the manner in which he wishes to spread Scientology’s message, he says “You’re in the playing field or out of the arena.” Cruise also expresses his disdain for psychiatrists, “Crush these guys [psychiatrists]! I’ve had it! Psychiatry doesn’t work. No mercy! None! Go to guns!”

The video concludes with Cruise laughing, and then a voiceover says: “Scientology can be defined by a single question: would you want others to develop the knowledge you have? In answering that question, Tom Cruise has introduced LRH [L. Ron Hubbard] technology to more than 1 billion people on earth. And that is only the first wave he has unleashed. That is why the story of Tom Cruise, Scientologist, has only just begun.”

While the video can be seen in any Church of Scientology, what has appeared on the Internet is a pirated and edited version of a 3-hour event.

According to Reuters, the Church of Scientology stated that the video was shown at a 2004 meeting of the International Association of Scientologists. In a statement, the Church of Scientology said that the video was Cruise’s acceptance speech after he had been given the organization’s “Freedom Medal”, and was shown “before an audience of 5,000 church parishioners and their guests.” The statement also called the video that appeared on the Internet a “pirated and edited version.” A representative for Cruise confirmed the Church of Scientology statement: “The video is of Mr. Cruise making an acceptance speech to fellow parishioners at a private church event in 2004.” David Miscavige, head of the Church of Scientology, had presented Cruise with the “Freedom Medal of Valor” at the 2004 ceremony. Eighty Scientologists have received the “Freedom Medal” since the award’s establishment in 1985, but Cruise is the only recipient of the Freedom Medal of Valor. Andrew Morton’s Tom Cruise: An Unauthorized Biography characterizes Cruise as the second most powerful individual within the organization.

It’s newsworthy, and we will not be removing it.

The video first appeared on the Internet on Sunday, and disappeared after the footage was linked to from Gawker.com and The Huffington Post. Gawker.com posted a copy of the video Tuesday morning, and said that the video had “been passed around privately by reporters and writers investigating Cruise’s ties to Scientology.” Gawker.com noted that a smaller video clip which had previously been available on YouTube “is no longer available, most likely after the Church of Scientology sent in a copyright infringement notice.” Gawker.com has stated that the video will stay up on its site, and has reprinted correspondence with Ava Paquette, an attorney with Moxon & Kobrin, a law firm representing the Church of Scientology. Nick Denton of Gawker.com commented on the posting of the video “It’s newsworthy, and we will not be removing it.”

These tapes were made for purposes of recruitment.

Investigative journalist Mark Ebner is helping to post more than two hours of additional footage related to the Cruise video, and called it “the most unintentionally hilarious footage you’ve ever seen,” and characterized it as “better than” when Cruise jumped on Oprah’s couch during a May 23, 2005 appearance on The Oprah Winfrey Show, and the South Park parody of Cruise in the controversial episode “Trapped in the Closet“. Ebner appeared on The Today Show on Wednesday, and discussed the video’s appearance on the Internet. In response, the Church of Scientology called Ebner a “fraud”. Ebner told the New York Daily News that “These tapes were made for purposes of recruitment.”

The Scientologists, by taking action to enforce their copyrights, have made it a news story.

Attempts by the Church of Scientology to stop distribution of the video via the Internet “seem to have backfired spectacularly,” according to The Press Association, and by Thursday the video was viewable on websites other than Gawker.com, including the New York Post, Independent Television News and the BBC. For websites based in Britain usage of the video is protected under copyright laws, specifically for reporting news and current affairs. Still other reports on the video linked to locations where it could be watched, including a report in The Times. Copies of the video were not available on Google Video on Thursday, but were still available on YouTube.

Attorney Mark Stephens of London-based firm Finers Stephens Innocent commented on the Church of Scientology’s attempts to remove the video from the Internet: “The Scientologists, by taking action to enforce their copyrights, have made it a news story. The mistake was not to foresee that a news story has special protection in copyright law in reporting news and current events.”

Retrieved from “https://en.wikinews.org/w/index.php?title=Tom_Cruise_Scientology_promotional_video_leaked_to_the_Internet&oldid=1979398”

The Responsibilities Of A Securities Attorney

Filed Under (Performing Arts) by Admin on 30-08-2022

byAlma Abell

A security is any stock, bond or other debt note, securities are issued by companies who wish to raise cash or mitigate debt. There are two ways to exchange securities; the primary market and the secondary market. The difference between the two is the manner in which the securities are sold, in the primary market the security is sold directly by the issuer while in the secondary market the securities are traded amongst parties that have no direct relationship with the issuing company. The security exchange act is that which regulates secondary trades and is that area where the involvement or assistance of a securities attorney in Sacramento area is most often needed.

There is a wide range of areas where a security attorney can work, some of the more common are:

[youtube]http://www.youtube.com/watch?v=jfHB-qrRHNs[/youtube]

Derivative actions: A derivative action is a lawsuit that is brought against the officers of a company by the shareholders. In most cases the claim is made that the senior managers and officers have breached their fiduciary duties. The plaintiffs, the shareholders will seek termination of the wrongful acts as well as compensation from the rogue employees directly back to the company.

Federal and state lawsuits: Depending on the type of claim which is asserted a lawsuit can be brought in either Federal or state court by a shareholder to recover investment or asset losses which are the direct result of corporate malfeasance or fraud.

Class actions: Just as individuals can file suit, a securities attorney in Sacramento can be asked to file a lawsuit on behalf of classes of shareholders who have similar claims and interests. This is beneficial for shareholders as the cost of litigation against large publically traded corporations can be huge; class action allows recovery for the shareholders but with a smaller financial burden.

The action is filed by the attorney who represents the individuals who serve as class representatives. The representative must be approved by the court and must have a claim similar to the other class members. In the event the case is settled between the corporation and the representative all members of the class can do one of three things; take a pro-rata share of the settlement, disagree with the settlement and pursue independent separate litigation or participate in the settlement with certain objections.

Security laws are quick to change, as a result of a number of large financial scandals as well as the financial collapse of 2008 the courts have looked closely at securities and have made a number of decisions which have set new precedent, it is the mandate of the securities attorney in Sacramento to stay current on all developments that affect securities law.

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