|The People's Lawyer Consumer News Alert|
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The People’s Lawyer’s Tip of the Day
You cannot prevent identity theft, but you can stop it from happening a second time. In Texas, victims of identity theft can place a security freeze on their account, preventing anyone from misusing their credit. Click here for more.
Man Claims to Own 84% of Facebook
Shortly after state troopers arrested him last year, Paul Ceglia had a revelation - he owned 84% of Facebook. While going through old files to find assets to pay back clientèle, he found a 2003 document signed Mark Zuckerberg, CEO of Facebook. Ceglia claims the document entitles him to an 84% stake in Facebook, valued at approximately $21 billion. Facebook claims the contract is a fake. Are Ceglia's claims bogus? Or, does Ceglia have a legitimate chance at taking 84% of Facebook? Click here for more.
Social Security Reaches Tipping Point
On Thursday, government officials announced that for the first time in nearly thirty years, Social Security will pay out more in benefits than it receives through payroll taxes. Although Social Security is expected to briefly recover after next year, experts insist it will move permanently into the red after 2015. This is not the first time Social Security expenses have exceeded tax revenue. Previously, the government took steps to increase Social Security withholding (increase taxes). How will the government handle the Social Security problem? Is a permanent fix on the horizon? Click here for more.
Texas Sales Tax Holiday
On August 20, 21, & 22, Texas consumers will get a break from sales tax during the annual sales tax holiday. Most clothing, footwear, and school supplies under $100 qualify for tax exemption. For a complete list of items that will be tax-free, and those items that will not be tax-free, Click here for more.
Will you save by refinancing your mortgage? Click here for more.
For the Lawyers
Arbitration award set aside based on legal error by arbitrator. The Washington Supreme Court held that an award in a private arbitration could be overturned on the basis that the arbitrator made a facial legal error regarding the applicable statutes of limitations. Click here for more.
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