Angel Reyes : Texas Litigation Lawyer and Attorney : Dangerous Drugs : Wrongful Death : Business Litigation

Since 1900, the country of Panama has been a vital part of our country's free trade. We should not let a small band of self-interested activists derail the free trade agreement we need to strike with Panama.

I hope my former Mayor, Ron Kirk, can navigate the shoals and ensure that we don't lose the free trade agreement with Panama.

Panama to Signal Obama's Agenda
Wall Street Journal
APRIL 28, 2009
By GREG HITT

WASHINGTON -- President Barack Obama has signaled in recent days a more positive stance toward free trade than he did on the campaign trail, pleasing business groups but courting a backlash among trade-skeptical Democrats in Congress.

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The markets and economy have whipsawed just about everyone this year. I've written plenty about unemployment, especially Hispanic unemployment. Not much positive news to report today, nor since I reported back in 2007 that no one would miss the various subprime lenders, all of whom have gone kaput.  Funny thing, as predicted, no one remembers any of these companies’ names, but everyone remembers the pain the subprime lenders caused that rippled through the greater economy.  Say goodbye to Lehman Brothers. Taxpayers now own 80% of AIG. The bleeding hasn't stopped.  Where do you turn?

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Please read the articles below, featured on March 10, 2009 in Texas Tech Today and Texas Tech University News:

Texas Tech Today
Hispanic Immigration: Facts versus Fallacies, Clarifying America's Opportunity
Three Rawls College of Business professionals address the booming Hispanic population in the U.S. and its economic, political and social impacts.
March 10, 2009
Written by Leslie Cranford

As the Hispanic population in the United States booms, fallacies surrounding the economic and social impact of Hispanics on America thrive. Two Texas Tech University professors and an alumnus argue that there are opportunities within the challenges that many people do not see.

In their new book, “Hispanic Heresy: What is the Impact of America’s Largest Population of Immigrants?” the three authors work to dispel many of the misunderstandings about how Hispanics in America impact the country’s socio-economics.

The book is by Angel L. Reyes III, a 2008 graduate of the Rawls College of Business Executive MBA program and Dallas-area attorney; Bradley Ewing, the Jerry S. Rawls Professor in Operations Management; and James Wetherbe, Rawls College of Business Stevenson Chair in Information Technology.

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Once upon a time, if you had a commercial loan with a bank and you didn't like the interest rate or other facet of your loan, all you had to do was move to another bank.  But as I said, that was once upon a time, although not so long ago.

Remember the financial woes of the 80s?  Well, it's déjà vu in spades.  The commercial foreclosure market is running a race with the residential one, and it's anyone's bet which one's going to win.

Many clients of law firms have been severely affected by our ever-worsening economy and depleted capital markets.  The good news is that these firms drawn on the lessons learned from the 80s, and are there to help clients avoid the foreclosure process.

 

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For 15 years my firm and the lawyers who work here have represented executives, business owners, and individuals seeking money damages for the wrongful conduct of others. Many times the claims we make are covered by insurance bought by insureds specifically to cover the event that underlies our lawsuit.

Often the work we do involves suing insured entities or in other instances, suing the insurance company directly.

Why have we built a specialty suing insurance companies directly on behalf of executives and business owners?  Aren't those folks usually complaining that trial lawyers are driving up their insurance costs?

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Over the past few months, the Auction Rate Securities (ARS) markets have suffered a $350 billion market disintegration. Many companies have been forced to write-down their losses due to investments in ARS. The February 2008 collapse of the ARS market affected companies of all sizes and levels of ARS investment. It also affected many individuals who thought that an investment in ARS was safe and secure. Individual investors saw their assets frozen, and most are unable to access their accounts. Companies and individuals lost hundreds of millions of dollars in ARS, even though brokers marketed them as safe, secure, liquid investments.

In fact, this market disintegration has widened to include the State of New York, which, as reported by the Wall Street Journal, filed civil fraud charges on July 24, 2008 against UBS AG, accusing the firm of a "multibillion-dollar consumer and securities fraud," and demanding that the firm pay back its profits from the business, make investors whole and pay damages.
My firm, Heygood, Orr, Reyes, Pearson & Bartolomei has helped many investors recover their losses from ARS investments.  If you’re one of those investors, give me a call at 1.877.308.7900 or email angel@reyeslaw.com for a confidential assessment of your claim.

For more information on ARS losses, read the following Wall Street Journal articles below:
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Nationally renowned trial lawyer Angel Reyes joins LBN's Rick Kuykendall to discuss an items of interest to trial lawyers, and that is the plan and approach to developing a mass tort practice out of their offices in Dallas, TX. This was part of a CLE sponsored by LBN and presented by the Wyoming Trial Lawyers Association and the full video CLE with credit hours is available by contacting WTLA in Cheyenne, WY. WATCH VIDEO...

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Now big insurance companies are using something called the Fake Bad Scale to expose “malingerers” who supposedly fake injury to obtain money.  The test is so flawed that just about anyone with a legitimate injury can score as a malingerer.  Dr. Lees-Haley, the psychologist who created the test, derives 95% of his income on behalf of the defense – the insurance companies.  Now tell me this test is non-biased!  Insurance companies stop at nothing when it comes to finding ways to not pay claims.  One of their favorite ways of denying payment on a claim is to suggest that the whole thing is made up. Continue Reading...

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My law firm, Heygood, Orr, Reyes, Pearson & Bartolomei has received numerous letters of thanks from clients.  We greatly appreciate all of our clients, and we thank them in return for their business and continued loyalty in allowing our firm to represent them. Continue Reading...

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2008 is shaping up to be a blockbuster year for the U.S. “It's the economy, stupid,” will be repeated by every man and woman running for President, or for that matter, local librarian.  So, what can the politicians do to help out the regular Bobs in this country? How about letting manufacturers and retailers open their own financial institutions?  Why?  Because in 2008, the U.S.  is a country where credit channels and access matter more than ever.

Let's do a quick review of the past 60 years of credit access.  In 1940, if you could qualify for a mortgage, and the pool of qualified borrowers was very small, you had exactly 5 years to pay off the mortgage.  Fortunately, the inventive and creative financial wizards at the big banks and Wall Street houses figured out a way to bring mortgage products to the masses; make the loans for 15 or better yet, 30 years.  Pow, the U.S. Housing industry was off to the races. Continue Reading...

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It appears that all is not lost on the law school front.  As a follow-up to my article about why there are no University of Houston law graduates at Cravath, Swain & Moore, I wanted to pass along a recent Wall Street Journal article.  The article contains some great advice for folks considering what law school to attend.  I recall one of my college professors telling me how fortunate I was to be accepted at schools like the University of Michigan, Cornell, etc.  I remember looking over the list of top schools and I figured my choices were a lot like having to choose between kissing Miss America and kissing Miss Universe; no choice was going to suck.  Since not everyone has such choices, what do you do?  Take my college professor's advice:  Go to the best school you get into, unless it is not in the top 20 rankings.  If you don't get into a top 20 school, go to the cheapest school in the geographic area of the country in which you see yourself living.  It's really that simple.  The entire article, which contains some great advice, is attached below: Continue Reading...

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Few people remember John Doerr’s failed MyCFO, Inc., except the unfortunate folks who got suckered into using the firm and its tax shelter strategies.  The tax shelter strategies that MyCFO used were the result of the usual coalition of a “silk stocking” law firm partner, a partner from an investment bank, partner from a big Four accounting firm, and super rich clients who didn’t want to pay taxes on their newfound wealth. Continue Reading...

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