Texas billionaire R. Allen Stanford was recently accused of fraud through the creation of an enormous Ponzi scheme and despite his best attempts, he will remain in jail until his Texas trial. Stanford attempted to appeal the ruling that would have him stay in jail, but the 5th U.S. Circuit Court of Appeals in New Orleans has upheld a ruling that classifies Stanford as a flight risk.
 
Along with four executives of the now-defunct Stanford Financial Group, Stanford has been accused of collecting billions of dollars of investors’ money, paying off investors with the money collected from other victims, and then …read more

If you have been considering an age discrimination lawsuit against your employer, things just got a whole lot tougher thanks to a new Supreme Court ruling. The case, which was decided by a 5-4 ruling, states that employers will not have to prove that they did not commit age discrimination.
 
It all started when 53-year-old Jack Gross sued his employer, FBL Financial Services Inc. in Iowa, over what he perceived as age discrimination. He claimed that he had been demoted because of his age and that his job was taken by a younger female worker, which led him to bring a …read more