| Volume 36 Number 9 |
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The People’s Lawyer’s Tip of the Day
"All sales final, no returns, no refunds and no exchanges" does not mean you are stuck with defective goods. Every merchant makes warranties as to the quality of what is sold. Language like "no refunds or exchanges" just means you cannot change you mind if you do not like what you bought. Click here for more.
How to Play Catch-up With Retirement Savings
Wondering how to get your retirement savings back to 2003 balances? Employer sponsored retirement programs lost, on average, nearly 20% of their value over the last year. Regardless of your age, it's probably time for reassessment. Reverse the negative trend and find new solutions! Click here for more.
GM to Convert $48 Billion of Debt to Equity
As questions continue to stir about whether GM will file bankruptcy, the Obama administration has directed General Motors Corp to prepare a new debt restructuring plan. The plan would convert all of the $48 billion the automaker owes bondholders to GM stock. The proposed payout would represent much deeper concessions than the terms offered under the GM bailout loans approved by the Bush administration. Are the dramatic and unusual moves actually helping GM avoid bankruptcy? Click here for more.
Texas AG Shuts Down Unlawful Construction Scheme
Texas Attorney General Greg Abbott has charged three men with operating an unlawful construction scheme that targeted Hurricane Ike victims. Benton R. Barber operated 1 Day Roof, Roof Teams, and Roof All Texas. The businesses sent deceptive direct mailer advertisements and delivered door-to-door fliers to homeowners hardest hit by Hurricane Ike. The companies purported to offer insurance carrier negotiation and insurance adjustment services to customers who paid a fee, intending to convince homeowners that hiring the company would help facilitate relationships and payments form insurance carriers. Click here for more.
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What is your net worth? Click here for more.
For the Lawyers
Consumer damages against telemarketer for violation of TCPA limited. The Sixth Circuit has held that a consumer could only recover statutory damages on a "per call" basis against a business that allegedly violated federal law by making unsolicited telemarketing calls. The court stated, "We believe that this language unambiguously allows for statutory damages on only a per-call basis." Click here for more.