Written by Taher Kameli & Chathan Vemuri Due to the need for a vaccine in light of the devastating COVID-19 pandemic, biotechnology companies developing vaccine candidates have become the source of immense profit to stockholders investing in these companies. Investors are betting on companies with promising candidates for successful vaccines, hoping to make millions, if not billions, off of the sale of these drugs. Already insiders from 11 small companies dependent on drug success or failure have sold over $1 billion in shares since March, in response to announcements of positive test results from heads of pharmaceutical
Written by Taher Kameli & Chathan Vemuri The Securities and Exchange Commission (SEC) has long argued that as part of penalties sought from parties accused of unlawful activities in violation of securities laws, the SEC had a right to disgorge from the profits of the liable party as part of the remedies it could seek. Disgorgement refers to a remedy by which parties who profited from illegal or wrongful conduct (“ill-gotten gains” so to speak) must return those profits that they made from that conduct to those they harmed in order to make them whole.
Written by Taher Kameli & Eso Akunne Physicians having issues with medical debt payments often fall into two categories: (1) Patients who were injured in an accident lacking good health insurance who subsequently hire an attorney to file an insurance claim against the responsible party. OR (2) Chiropractors, doctors or physical therapists who provide treatment, on a lien basis, agreeing to wait for payment of their services when the case is settled. How do you ensure payment? Physicians have often come to attorneys asking for payment for services rendered when a case settles or a judgment is made, to receive news that the attorney