Headlines

Attorney Mary Schiavo is heading up a new lawsuit following the crash of Flight 3407.

In response to UBS's $48.6 billion write-down on its mortgage-backed securities, investors claim that the bank issued false and misleading statements about its risk management controls, its exposure to risky assets, and the value of the securities on its books.

Attorney Mary Schiavo discusses "loophole airlines" and cites the current investigation of the corporate jet that crashed at Teterboro Airport four years ago.

The New York Times quotes attorney Don Migliori, who represents three families of 9/11 victims seeking to lift confidentiality orders on documents that they say reveal breakdowns in airline security and show safety as being secondary to additional concerns such as business costs or airport delays.

Davol, Inc., maker of the recalled Composix® Kugel® hernia repair patch, has now voluntarily recalled its XenMatrix hernia and abdominal surgical graft.

Motley Rice has filed the first lawsuit on behalf of five surviving victims in the Harrah's Casino bus crash that killed three and injured several others.

Last week, Ken Feinberg, administrator of the Gulf Coast Claims Facility (GCCF), was questioned by local fishermen during his two-day visit to Mississippi and southern Louisiana about allegedly sluggish payments and rejected claims.

Motley Rice attorney Mike Elsner comments on why negligence lawsuits against the federal government in an anthrax case may be warranted.

According to a report by the Associated Press, the U.S. Homeland Security Department plans to discontinue the use of color-coded terror threat alerts, an eight-year-old system designed to communicate threat levels to safety officials and the public.

Motley Rice attorney Gregg Levin comments on the rise in corporate scandals that has led to a consequent rise in securities litigation cases. Attributing the scandal boom to increased shareholder vigilance, Levin expects the uncovering of corporate fraud to continue and says that the resulting litigation will be the…