Regulators in California have taken over an insurance company that was unable to pay claims resulting from massive wildfires that destroyed more than 13,000 homes throughout the state. As a result, homeowner claims will now be paid by the California Insurance...
Year: 2018
What to do when accountants engage in negligent behavior
Business owners in California and throughout the country may hire accountants to keep track of their finances. Individuals who have large estates or many assets to manage may do the same. Ideally, an accountant will make sure that an individual pays taxes on time and...
Denial of an insurance claim may be bad faith
Many people are great believers in insurance and purchase a variety of policies to help ensure total protection. Others begrudgingly take on only the bare minimum as required by law or for some specific contractual agreement. In any case, when a claim needs to be...
Negligence or misrepresentation could be accounting malpractice
Individuals and businesses in California often rely on accountants to track financial activity and prepare financial statements and tax returns. Accounting mistakes have the potential to get clients in financial or even legal trouble. Professional malpractice may...
Fire-floods threaten businesses in California
California business owners are familiar with the devastating effects of wildfires. In 2018 alone, wildfires have destroyed over 1.2 million acres in the state and demolished around 8,500 buildings. Hundreds of people have lost their businesses and livelihoods due to...
Malpractice complaint demands $100 million
A $100 million legal malpractice lawsuit has been filed claiming a conflict of interest as a law firm allegedly represented both the lenders and the borrower during a legal action related to promissory notes. The plaintiff company in the case claims the law firm...
California doctor awaits sentencing for insurance fraud
A jury in Riverside County returned a guilty verdict on charges of insurance fraud and perjury against an 86-year-old doctor on Oct. 4. He could potentially receive 18 years in a state correctional facility. After paying $30,000 in bail, the doctor secured his release...
Former CEO faces accounting fraud charges
Businesses and individuals in California and around the country rely on professionals such as attorneys, accountants and brokers to manage their affairs, and both professionals and their employers can face severe penalties when documents required by state or federal...
NBA star sues accountant for enabling theft of $77 million
The salaries of professional basketball players naturally impress sports fans in California, but the federal lawsuit filed by Kevin Garnett illustrates the risks that wealthy individuals take when they entrust others with their millions. Garnett, now retired from a...
Dispute between art dealer, collector and gallery goes to court
Some art aficionados in California may have heard about a dispute between companies owned by two prominent art collectors involving a mixed-media work by Frank Stella that has resulted in a lawsuit against another gallery. The lawsuit was filed by Artemus in July in...