Sanford Heisler Sharp LLP | 20th Anniversary 2004 - 2024
Sanford Heisler Sharp LLP | 20th Anniversary 2004 - 2024

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L-Share Annuities: Stale Wine in a New Bottle

Annuities are a constant subject of litigation, and for good reason. Although the companies that pitch annuities describe them as relatively simple products, they are anything but.  These are complex contracts with high fees, long lock-up periods and bewildering disclosure documents. Basically, an annuity is a life insurance policy that is bundled with a separate investment account. Your investment account…

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The Motherhood Penalty a.k.a Caregiver or Family Responsibilities Discrimination

In a 2007 study, Cornell sociologists Correll, Benard, and Paik examined the motherhood penalty, a phrase sociologists use to describe the systemic disadvantages that working mothers often encounter in hiring, pay, promotion, and other aspects of their employment. In the United States, mothers suffer a per-child wage penalty of approximately 5%, controlling for similar qualifications and work performance. In their study,…

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A Signal to HealthCare Providers From their Pregnant Patients’ Lawyers

The metaphor of ships passing in the night originated (at least according to Google) from a poem by Henry Wadsworth Longfellow, in a compilation called Tales of Wayside Inn. There, Longfellow laments the disconnectedness of the human condition in lines that seem equally applicable to modern life: Ships that pass in the night, and speak each other in passing,Only a…

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Merck & Co., Inc. (NYSE:MRK) Embattled By Over 400 Pay Discrimination Claims

Feinstein Doyle Payne & Kravec LLC and Sanford Heisler, LLP have revealed that more than 400 women had already reached out with discrimination claims relating to the $250 million women discrimination class action lawsuit against Merck & Co., Inc. (NYSE:MRK). Both former and current female employees still have three weeks to file their claims and join the class action, which is…

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An Epic Decision: Seventh Circuit Shoots Down Employee Arbitration Contract

In a precedent-setting decision late last month, the United States Court of Appeals for the Seventh Circuit deemed an employee arbitration agreement unenforceable on the ground that it violated the National Labor Relations Act (NLRA). The decision is a major win for employees because it recognizes their right to challenge unlawful employment policies and conditions by engaging in collective legal…

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Private Equity Investors Beware

Private equity conjures up images of billionaires investing in success stories like Facebook and Tesla. Often, though, private equity investments come from retired persons who have labored a lifetime accumulating wealth for their golden years.  But when seniors fall prey to investments like Prometheus Law PLCMGMT LLC and Metropolitan Coffee and Concession, their golden dreams unfortunately turn into investment nightmares.…

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Will the State Senate Protect all New Yorkers from Discrimination?

Early last month, amid the ongoing controversy sparked by North Carolina’s anti-transgender legislation, the New York State Assembly passed the Gender Expression Nondiscrimination Act (GENDA). The Act aims to protect New Yorkers from discrimination in housing, education, and employment based on their gender identity or expression. Presently, both New York and Federal law lack such explicit protections. Yet the need…

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Navigating The Mutual Fund Maze

For many investors, the mutual fund is a mainstay of their investment portfolios, whether it be in an individual account, an IRA or a 401k. Mutual funds come in all shapes and sizes and offer a virtual alphabet soup of share classes. Trying to understand the many nuances of mutual funds can be a bewildering task.

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