Articles Posted in Uncategorized

Litigation Funding And Contingency Fees Are Not Inherently Unethical
Banks Law Office

Litigation Funding Is Criticized Because Of Predatory Practices CBS News aired a 60-minutes segment titled “Litigation Funding: a multibillion-dollar industry for investments in lawsuits with little oversight.” As the segment explained, “litigation funding” is the practice of funding someone’s lawsuit in return for the right to collect a portion of the money that person recovers…

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Fitbit Allegedly Failed To Pay For Fitbit Ionics Submitted In The Recall Between 2022 And 2023
Banks Law Office

Banks Law Office represents more than 40 individuals who allege that Fitbit has failed to pay them for Fitbit Ionic smartwatches they submitted to the Fitbit Ionics recall. If Fitbit has refused to pay you for Ionics that you submitted to the recall, please contact Banks Law Office today. On March 2, 2022, Fitbit and…

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SEC Refuses to Adopt Fiduciary Rule
Banks Law Office, P.C. Team

The SEC refuses to recommend  a fiduciary rule for broker-dealers; new rule reiterates FINRA suitability standard and allows  conflicts of interest between brokers and investors. The Securities and Exchange Commission in a 4-1 vote has rejected the fiduciary rule as the standard of conduct for broker-dealers and their representatives.  Instead, the SEC has proposed “Regulation…

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