Karl Heideck Takes A Deeper Look At Philadelphia’s Lawsuit Against Wells Fargo

Just as it was recovering from its previous legal drama of fake customer accounts, Wells Fargo has been hit with yet another legal scandal. The City of Philadelphia has filed a lawsuit against Wells Fargo & Co. for violation of the Fair Housing Act of 1968. The lawsuit comes two weeks after the Supreme Court of the United States gave Miami the green light to sue Wells Fargo and Bank of America for violation of The Housing Act.

A law expert, Karl Heideck, gave a detailed account of the lawsuit. Philadelphia alleged that Wells Fargo had been employing predatory lending approaches towards minority mortgage borrowers. The lawsuit against the bank was filed in the US District Court for the Eastern District of Pennsylvania on 15th May 2017.

Karl posits that the city is accusing the San Francisco-based bank for offering Black and Hispanic borrowers riskier loans with higher interest loans despite of them being qualified for lower-risk and lower-interest loans. According to the lawsuit, this situation makes it difficult for the borrowers to refinance their mortgages, leading to a high number of foreclosures in their neighborhoods. Investigations of data from loans for the past decade indicated that Blacks and Hispanics are more likely to receive higher-interest loans compared to their White counter parts. Karl contends that increased foreclosures in minority neighborhoods have led to lower property values, thus harming the City of Philadelphia economically. The City of Philadelphia is requesting for undisclosed monetary compensation and wants Wells Fargo Bank to stop its discriminatory lending practices against the customers.

About Karl Heideck

Karl Heideck is a Philadelphia-based contract attorney. The executive has unique experience in the field given that he has been practicing for more than a decade. His service focuses on compliance, risk management, product liability, corporate law, employment proceedings and commercial litigation. He is an alumnus of Swarthmore College where he graduated in 2003. Karl Heideck proceeded to Templeton University Beasley School of Law and graduated with a JD in 2009. Later, he secured a litigation license.

The professional litigator is highly skilled in settlement, dispute resolution, communication, and negotiations. In the course of his career, Karl Heideck has filed and responded to complaints for numerous clients. He has demonstrated a deep passion and professionalism for his work, which has helped him to deliver excellent results. The litigation process usually includes obtaining personal jurisdiction, pretrial stage and post-trial. Litigation can also include legal steps like filing motions and responses for clients, and making appeals. Karl Heideck is also a writer. He shares much information about law through his blog.

Geoffrey Cone’s take on The Statement ‘New Zealand is a Tax Haven’

Geoffrey Cone is a respected tax and trust lawyer based in New Zealand. He is a highly skilled lawyer in the field of banking and commercial litigation, tax law, trust law, and domestic and international corporate law. Mr. Cone has worked for reputable firms from where he honed his skills to be the prominent lawyer he is today. Mr. Cone started his career at Russell McVeagh which is a leading law firm with branches in Auckland and Wellington. He later worked for Lane Neave Ronaldson, a well-established law firm based in Christchurch. The firm services small and large companies as well as private individuals in all areas of law.

Geoffrey Cone later founded his law firm in 1999 and was the only law firm in New Zealand to provide services in foreign trust and tax planning. Under Cone’s leadership, the law firm has grown to be among the most reputable law firms in New Zealand. Cone Marshall together with his partner Karen Marshal serve as the principals of the law firm. The firm provides legal advice to law firms in Oceania in matters concerning tax planning, trust management, superannuation funds and mutual investment structures.

The respected lawyer graduated from the University of Otago with an undergraduate degree and a postgraduate degree in tax and trust law. Mr. Cone’s extensive knowledge has allowed him to provide professional advice on matters dealing with tax and trust law. Recently, Mr. Cone challenged a statement made by the media saying that New Zealand is a tax haven. Geoffrey strongly opposed this statement saying that New Zealand has never and will never feature on the OECD’s list of tax havens. Tax havens impose little or no nominal taxes, lack transparency in their tax systems and their laws prevent the exchange of information with other countries. New Zealand does not possess any of these characteristics nor does it have a very secretive private banking sector.

New Zealand was even one of the first governments to feature on the OECD’s white list for having implemented the internationally agreed tax standard. This policy is referred to as the gold standard for transparency, and it supports the exchange of information between countries to enforce tax laws. The country has demonstrated leadership in tax transparency in several ways. One of them is in the way it deals with foreign trusts and the requisites placed on trustees, all of which help other governments that need relevant information. Resident trustees of a foreign trust are also required to keep financial documents and other records such as the trust deed and details of trust assets and liabilities for purposes of taxation. The records are supposed to be kept in English failure to which attracts a heavy penalty.

Learn more: http://whoswholegal.com/profiles/52792/0/cone/geoffrey-cone/

Relmada Therapeutics Amends Lawsuit Against Laidlaw & Company

 

Relmada Therapeutics Inc., a clinical stage company developing novel therapies for the treatment of chronic pain, recently announced that it has filed a motion to amend its complaint against Laidlaw & Company LTD. The Motion to file a new amended complaint is an addition to the lawsuit Relmada Therapeutics initially filed. The new complaint features a new legal claim based on Laidlaw’s breach of the debt that it owed Relmada. Relmada is claiming that Laidlaw revealed confidential information that it acquired. Relmada wants money for the fees and costs that were accumulated during the company’s initial response to Laidlaw.

Relmada notes that the US District Cour issued a restraining order and injunction against Laidlaw. Laidlaw’s Principals, Matthew Eitner and James Ahern were singled out in the injunction due to claims of misleading proxy materials. Relmada wants Laidlaw to compensate them for the damages suffered because of Laidlaw. Relmada also wants to make sure that Laidlaw will not cause trouble in the future.

Laidlaw & Company have a history of investment banking that dates back over 100 years. Laidlaw focuses on the needs of companies both at home and abroad, as well as entrepreneurs and institutions throughout the World. Laidlaw has a large network of offices in Europe and the United States with employees operating using both FCA Authorization and FINRA registration.

Matthew Eitner is the Chief Executive Officer at Laidlaw. Eitner also served as Managing Director of Aegis Capital Corporation, a private investment firm. Eitner also served as the Vice President at Casimir Capital, an investment bank. Eitner also has experience as an equities trader at Deutsche Bank.

James Ahern is the Managing Partner and Head of Capital at Laidlaw. Ahern’s responsibilites include finding funding for companies. Ahern also helps oversee Laidlaw’s capital markets.

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