Straight Talk

The purpose of this blog is to provide education and news that will help clients through the litigation process.

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A recent article posted at IndianaLawyer.com touched on the preservation of large estates and pointed out that the key to successful estate planning is communication. With more than $7.6 trillion waiting to be inherited by baby boomers, estate planning is becoming more important especially since research from the Boston College Center for Retirement reports that [...] Read More
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The Financial Industry Regulatory Authority (FINRA) fined Morgan Stanley & Co. $4.5 million in an arbitration dispute involving Morgan Stanley and Banco Nacional de Mexico SA, the Mexican bank known as Banamex, a subsidiary of Citigroup. The $4.5 million award represents 87 percent of the $5.2 million in compensatory damages Banamex had requested. The damages were compensatory and [...] Read More
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Christ Church Cathedral in Indianapolis recently filed a lawsuit against JPMorgan Chase & Co., alleging that the bank caused the church's trusts to lose about $13 million in value because of JPMorgan's decision to purchase 177 investment products. According to the church, the products produced the highest revenues for the bank to the detriment of [...] Read More
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Date: September 19, 2014 Time: 10:45 to 11:45 am Location: Joseph Decuis 191 North Main St. Roanoke, IN 46783 Topic: Down on the Family Farm: Navigating the Unique Succession Planning Needs of Farm Families Estate planning is important for all families and business owners, but it is crucial for farm families. As a farm girl and [...] Read More
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Scott Starr and Shannon Starr will be giving a presentation on securities law at the annual Association of Certified Fraud Examiners (”ACFE”) Professional Development Conference on September 17, 2014 from 9:10am-11:05am. The conference will take place at the following location: PATCtech 5325 Decatur Boulevard Indianapolis, IN 46241 You may register for the conference here. The [...] Read More
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Indianapolis-based accounting firm DeWitt & Shrader PC agreed to settle a lawsuit brought by a receiver appointed for Samex Capital Partners, LLC involving the way it provided services for convicted Ponzi schemer Keenan Hauke. The suit alleged that DeWitt & Shrader violated the Indiana Securities Act and committed negligence and fraud, as well as breach [...] Read More
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An appellant court recently ruled that the wife of a Ponzi scheme operator must pay more than $114.5 million in damages to victims of the Ponzi scheme her husband ran before he committed suicide. Ponzi scheme operator John Otto committed suicide to evade the consequences of his mega-theft after his clients found out they were [...] Read More
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If your investments went south, would you be totally responsible, or could your broker share some responsibility? According to the article, “Duty of a Brokerage Firm” by Mitchell & Associates, brokerage firms have the fiduciary responsibility to act in good faith for the benefit of their clients, even when clients may want to pursue risky [...] Read More
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What started as a challenge to take over ownership and management of her family farm became a precursor to what estate planning attorney Polly Dobbs would do for family farms and family businesses across Indiana. In an interview on the Consumer AG Connection radio show (click on the link and scroll down to Passing on [...] Read More
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If Ball State University could be duped by an unscrupulous investment advisor, any other investor -- including you -- could also be scammed. This is perhaps the biggest lesson to be learned from the 2013 case in which Seth Beoku Betts, founder of Betts & Gambles LLC, was sentenced in a Manhattan federal court to [...] Read More