Blogs

Client Q & A

Answers to common client questions.
Posted: August 27, 2015

Client Q&A: I was cheated by a big company. My loss was not big, but they probably cheated other people, too. How can we all get justice?

I was cheated by a big company. My loss was not big, but they probably cheated other people, too. How can we all get justice? By Bradley J. Nash In general, a plaintiff in a lawsuit can only assert claims for injuries that he suffered – and cannot assert claims on behalf of others. A class action is a special...

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Posted: August 10, 2015

Client Q&A: The IRS is After Me. What Should I do?

The IRS is after me. What should I do? By James C. Sherwood The IRS contacts people in many ways, and for many reasons. Most of these contacts are routine inquiries; some are not. What follows are some considerations to help you understand the process. However, if the IRS contacts you, seek advice from a qualified tax attorney or accountant....

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Posted in Client Q & A, Taxation
Posted: July 27, 2015

Client Q&A: What’s a Ponzi scheme and how can I tell if I have gotten caught in one?

What’s a Ponzi scheme and how can I tell if I have gotten caught in one? By John M. Lundin A Ponzi scheme is a fraud where the victims entrust money to the perpetrator who, instead of investing the money, uses later investments to pay returns to earlier investors, keeping the rest of the money for itself. The scheme typically...

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Posted: July 13, 2015

Client Q & A: One of my customers just went bankrupt. Does that mean it does not have to pay off its account?

One of my customers just went bankrupt. Does that mean it does not have to pay off its account? By Bennette Deacy Kramer Your customer does not have to pay off its account now, but depending on the amount of assets in the bankruptcy estate, you might receive payment up to 100% of the amount of the account during the...

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Posted: June 29, 2015

Client Q&A: I just got cheated out of a lot of money, but I hear that big New York law firms charge as much as $1,000 an hour. There is no way I can pay that! What can I do?

I just got cheated out of a lot of money, but I hear that big New York law firms charge as much as $1,000 an hour. There is no way I can pay that! What can I do? By Erik S. Groothuis. It is a common misconception that attorneys will only agree to take on matters where they are compensated...

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Posted: June 16, 2015

Client Q&A: My insurer has refused to pay for my defense of a claim against me. What can I do?

My insurer has refused to pay for my defense of a claim against me. What can I do? By Bradley J. Nash Defending a lawsuit can be an expensive proposition—the costs may even exceed the defendant’s ultimate liability in the case. In some instances, the defendant’s insurance carrier may be obligated to provide a defense for the lawsuit or otherwise...

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Posted in Client Q & A, Insurance
Posted: May 18, 2015

Client Q&A: What is Mediation?

My company has a dispute with a vendor, and our contract says we have to mediate before anyone files a lawsuit. What’s mediation? By John M. Lundin In a mediation, a neutral third party—a mediator—tries to help the parties reach a mutually-agreeable negotiated resolution to their dispute. The thing that distinguishes mediation from arbitration or litigation in court is that,...

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Posted: May 8, 2015

Client Q&A: What is FINRA and how can it help me?

I think my stockbroker cheated me. When I complained, they said something about FINRA. What is FINRA and how can it help me? By Erik S. Groothuis. What is FINRA? When customers sign brokerage agreements, somewhere in the fine print they almost always agree to waive their rights to sue either the brokerage firm or its employees in court. Instead,...

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Posted: April 21, 2015

Client Q&A: I just found out that a default judgment was entered against me in a lawsuit. What do I do?

I just found out that a default judgment was entered against me in a lawsuit. What do I do? By Bradley J. Nash In general, courts resolve disputes on the merits. However, when a defendant receives proper notice of a lawsuit and fails to appear to defend the action within the prescribed time limit, the court may enter a default...

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