Our News Library | Levin Papantonio Rafferty - Personal Injury Lawyers

Philips CPAP Recall - Degradation of Foam Could Cause Cancer and Other Health Risks

Phillips Respironics has issued a voluntary recall of around 4 million CPAP and BiLevel PAP devices. According to the manufacturer’s notification, the company’s quality management system revealed these products pose serious health risks and potentially life-threatening injuries for users.

The first-generation DreamStation product family comprises the Philips medical devices most affected by the recall.

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HMS Income Fund Losses – Investors May Be Entitled to Recover Their Losses

MSC Income Fund, formerly known as HMS Income Fund, is a principal investment fund that works to provide debt and equity financing solutions primarily to private U.S. companies. According to Hines Securities’ website, a new advisory agreement approved by HMS Income fund’s shareholders, the subsidiary of Main Street Capital Corporation that had been serving as the Fund’s sub-advisor is now the sole investment advisor and administrator of the Fund. Because of this transaction, HMS Income Fund is now known as MSC Income Fund, Inc.

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Healthcare Trust Inc. REIT Investment Losses – Investors May Have Right to File Claim

Healthcare Trust Inc. is a publicly registered non-traded REIT (real estate investment trust) that was sponsored by AR Global. Healthcare Trust Inc. was originally known as American Realty Capital Healthcare Trust II, Inc. Healthcare Trust was a high risk investment, and it should have only been recommended to investors who could afford a complete loss of their investment. Brokers and brokerage firms who did not conduct appropriate due diligence or unsuitably recommended their clients invest in Healthcare Trust Inc. may be liable for losses suffered by investors

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Winning the War on Opioids: A Behind the Scenes Look at The Largest and Most Complex Deal In The History of Jurisprudence

A massive $26 billion proposed settlement against the pharmaceutical industry’s biggest players was just announced. Legal insiders from Levin Papantonio Rafferty explains how a consortium of firms found the right formula after a decades-long battle for justice.

In a deal the Washington Post called “the largest civil action in U.S. history,” the terms for the formal global settlement agreement with opioid manufacturer Johnson & Johnson (J&J) and the “Big Three” drug distributors AmerisourceBergen, Cardinal Health, and McKesson were just announced.

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Previously Registered Investment Adviser Jeffrey Raymond Dixson Allegedly Made Unsuitable Investment Recommendations

Financial Industry Regulatory Authority (FINRA) has published a BrokerCheck report on previously registered broker and investment adviser Jeffrey Raymond Dixson, showing multiple customer disputes and one regulatory dispute.

As of this writing, Dixson has been the subject of 20 customer disputes, nine of which are still pending. He also faced a regulatory dispute in 2007.

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Investors Harmed By Investments in SPACs May Have Right to Recover Losses

Recently, professional athletes and various high-profile celebrities have joined in on the boom of SPACs (Special Purpose Acquisition Companies), causing the U.S. Securities Exchange Commission to caution investors about investments in SPACs. Athletes like Stephen Curry, Serena Williams, Alex Rodriguez, and Colin Kaepernick are among those notable names who have invested in SPACs.

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Texas Broker Masood Husain “Mike” Azad Barred by FINRA Following Allegations

FINRA registered broker Masood Husain Azad (also known as Mike H. Azad) has been barred by the regulatory authority following allegations from clients dating back to 2017. First Allied Securities Inc. terminated Mr. Azad’s employment in May of 2017 following allegations of violating a Firm policy regarding borrowing money from clients. Azad was also allegedly engaging in outside business activity and unapproved private securities transactions.

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How to Recover Losses in Hospitality Investors Trust REIT

Levin Papantonio Rafferty may be able to help you recover your losses in the Hospitality Investors Trust. Hospitality Investors Trust (HIT) is a publicly registered non-traded real estate investment trust (REIT), formerly known as American Realty Capital Hospitality Trust. Thousands of investors who were sold HIT have suffered severe losses. Shares were originally sold to most investors at $25 a share. The estimated current value of a share based on limited secondary trading values is less than $1, and HIT has now filed for bankruptcy.

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Florida Surfside Condo Collapse: What Happened and Getting Compensation

Experts have yet to identify the factors that prompted the collapse of a condo in Surfside, Florida. Knowing what brought the 12-story building down will be essential to evaluating the safety of other buildings, as well as to determine legal liability for residents who seek to recover damages.

Miami-Dade State Attorney Katherine Fernandez Rundle committed to having a grand jury study the building’s collapse and start paving the way to accountability for the disaster.

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FINRA Bars Previously Registered Broker and Investment Adviser Joia Evans From Broker Activities

A BrokerCheck report on previously registered broker and investment adviser Joia Evans reveals that Financial Industry Regulatory Authority (FINRA) has barred her from acting as a broker or otherwise associating with a broker-dealer firm.

Evans, who worked as a registered broker with TIAA-CREF between 2015 and 2020, also went by the names of Joia Thomas and Joia Webb. Prior to her employment with TIAA-CREF, Evans worked as a broker for Edward Jones from 2014-2015.

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FINRA Bars Previously Registered Broker and Investment Adviser David Brian Zuber

Financial Industry Regulatory Authority (FINRA) has issued a BrokerCheck report on David Brian Zuber, a previously registered broker and investment adviser that FINRA has barred from acting as a broker or otherwise associating with a broker-dealer firm.

Zuber worked with Securities America, Inc. starting in February 2011. He also was employed by Arbor Point Advisors (as of September 2016) and JK Investment Group, Inc.  (March 2011 to August 2016).

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Customer Claims Filed Against Barred Broker Philip Joseph Sparacino

FINRA has barred previously registered broker Philip Joseph Sparacino. Additionally, the New Jersey Bureau of Securities opened an investigation after he allegedly employed a device, scheme, or artifice to defraud customers. Prior to being barred, Mr. Sparacino had 11 years of experience with six different firms.

Since at least June of 2019, Sparacino had allegedly been engaging in a pattern of unauthorized, excessive, unsuitable, and fraudulent trading activity on behalf of customers.

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