Law Firm Advertising to Represent Mine Disaster Families

Law Firm News 2010/04/19 07:39   Bookmark and Share

With tragedy comes an outpouring of support but an area law firm's way of helping is raising some eyebrows.

Underwood Law Firm wasted no time putting ads in local newspapers a week after the deadly blast killed 29 miners at Massey's Upper Big Branch Mine in Raleigh County.

Attorney Mark Underwood says he stands by his decision; especially because he says benefit packages are often difficult to understand.

"I think it was perfect timing in light of the fact that Massey came out with a benefits package the very next day," Underwood said.

Underwood said his grandfather was killed in an industrial accident years ago. His family understands what happens following the funeral with emotions running high, and the daunting task of legal paperwork.

"The family members that would be considering those benefit packages need to seek some sort of legal counsel whether it's our firm, another firm, a friend or a neighbor that's a lawyer," Underwood said. "They need to go and sit down and talk to a lawyer before they agree to anything with Massey."

But how soon, is too soon? It's a question many people started asking as ads popped up before all the funerals had even been finished.

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The Shuman Investigates Ormat Technologies Inc.

Legal Business 2010/04/19 07:38   Bookmark and Share

The Shuman Law Firm today announced that it is investigating potential breaches of fiduciary duty by certain officers and directors at Ormat Technologies Inc.

The investigation concerns whether the Company's directors and officers caused the Company to issue materially false and/or misleading financial statements. These statements eventually resulted in the Company restating its financial results.

On February 24, 2010, Ormat disclosed that the Board of Directors and Audit Committee of the Company, upon recommendation of management and after discussions with the U.S. Securities and Exchange Commission, had concluded that the Company's financial statements for the year ended December 31, 2008 required restatement and should no longer be relied upon. The Company restated its results because it improperly capitalized costs incurred in connection with the exploration and development of certain properties that it did not plan to develop. Upon this news, the price of Ormat stock declined more than 12.81% over the three days following the disclosure of this announcement.

If you currently own shares of Ormat and are interested in discussing your rights as an Ormat shareholder, or have information relating to this investigation, please contact Kip B. Shuman or Rusty E. Glenn toll free at 866-974-8626 or email Mr. Shuman at kip@shumanlawfirm.com or Mr. Glenn at rusty@shumanlawfirm.com.

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