Fraud

Report Reveals Spike in Fraud During Class Action Claims; $82 Million Drunk Driving Verdict Announced

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New York — A recent surge in fraudulent claims during the settlement phases of class actions and mass torts is threatening the integrity of legal processes, a newly released report reveals. The investigations are shedding light on a largely unreported side of personal injury and medical malpractice litigation, even as cases such as an $82 million verdict in a drunk driving crash continue to headline. The increasing complexity and volume of cases in these areas have made them hotspots for deception, where claimants attempt to either exaggerate damages or fabricate injuries entirely to exploit large … Read more

Former City Councilman and Company Ordered to Pay $728K for Securities Fraud and Lavish Spending

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SHERMAN, Texas — A Grayson County jury awarded a $728,000 judgment on Tuesday against former Denison city councilman Michael Wright, in a case that spotlighted allegations of investment and securities fraud linked to his business, Wright Drilling and Exploration. The verdict, confirmed after a week-long trial and six hours of jury deliberation, concluded a legal battle that began three years ago when investors accused Wright of mismanaging their funds, leading to significant financial losses under the guise of profitable oil and gas investments. Fernando Bustos, representing the aggrieved investors, lauded the jury’s decision as a … Read more

GGR Investors Invited to Participate in Gogoro Inc. Fraud Probe with Schall Law Firm

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Los Angeles — Investors holding stock in Gogoro Inc. now have an opportunity to join an ongoing investigation into allegations of fraud concerning the electric scooter company. The probe is being spearheaded by The Schall Law Firm, a prominent legal entity recognized for its civil disputes expertise, particularly in shareholder and securities issues. The move comes after a series of events that has left shareholders questioning the integrity of Gogoro’s disclosures and financial statements. The investigation primarily targets the veracity of the information provided by Gogoro during its public offerings and financial reporting periods, allegations … Read more

Tom Davis Joins Epiq as Chief of Staff, Bolstering Fraud Prevention in Class Action and Mass Tort Units

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NEW YORK — Epiq, a leader in legal services and technology solutions, has enhanced its team by appointing Tom Davis as Chief of Staff for its Class Action, Remediation, and Mass Tort division. With a profound background in operations, compliance, and fraud prevention, Davis brings decades of relevant expertise to a rapidly evolving field fraught with complex challenges. Davis, who previously served as vice president of operations and fraud prevention at Garden City Group (GCG) before its acquisition by Epiq in 2018, will directly collaborate with Nicole Hamann, President of Epiq Class Action. His role … Read more