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: Lawyers and Settlements

The Fleecing of America’s Senior Citizens

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Pensacola, FL:One of the most appalling results of the subprime debacle is how it has effected millions of America’s senior citizens. Florida attorney Peter Mougey has dozens and dozens of clients whose life savings have been seriously damaged or depleted by the unscrupulous practices of Wall Street investment firms that promised clients stable returns and then callously signed them up for high-risk mutual funds loaded with toxic mortgages and derivatives they did not understand. “Many of people who have been hurt by this are elderly,” says Mougey. “My heart goes out to the widows in 70s, 80s even 90s whose husbands put aside money to take care of them and have now lost everything.”

Full post as published by Lawyers and Settlements on October 20, 2008 (boomark / email).

Lawsuits and Settlements

John Vermillion and Associates LLC et al.
allegedly misrepresented themselves as qualified financial advisers to sell living trusts and exploit senior citizens.

Senior Abuse
Avamere senior home to pay $904,200 settlement in eldercare lawsuit.

Louisiana Citizens Reaches $23 Million Settlement With Homeowners
Louisiana Citizens Reaches $23 Million Settlement With Homeowners

Senior Awarded $7.75 Million in Nursing Home Abuse Lawsuit
Senior Awarded $7.75 Million in Nursing Home Abuse Lawsuit

Windsor Healthcare Management
allegedly provided substandard care and neglected the rights of its senior residents.

Convicted Caretakers
Senior care center agrees to $175,000 settlement in false advertising lawsuit.

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