Oil Spill by the Oil Rig "Deepwater Horizon" in the Gulf of Mexico | U.S. District Court, Eastern District of Louisiana | MDL 2179
On April 20, 2010, the Deepwater Horizon exploded in the Gulf of Mexico causing the deaths of 11 workers on the rig. It also caused oil to begin pouring into the Gulf of Mexico which continued for months before the well could be successfully capped.
The oil spill, and the inability of those who are at fault to stop the spill from continuing, damaged the fishery eco-system and caused numerous rental cancellations of condos, charter boats, and the like; and, substantial financial losses to innocent fishermen, oyster harvesters, business owners, boat owners and crews, managers and others. BP and other responsible parties should ultimately be held legally responsible for such losses.
Cunningham Bounds, LLC has filed many lawsuits in Alabama and Florida on behalf of different groups that have been damaged as a result of the explosion of the Deepwater Horizon and the oil spill.
Litigation in this case is ongoing. To date, the firm represents thousands of clients in this case.
In re HealthSouth Corporation Securities Litigation | U.S. District Court for the Northern District of Alabama, Southern Division | Case No. CV-03-BE-1500 — Cunningham Bounds served as co-lead counsel for bondholder plaintiffs in a lawsuit against HealthSouth, UBS and Ernst Young for fraudulent statements concerning the company’s finances, which resulted in the loss of hundreds of millions of dollars to bondholders. The bondholder plaintiffs have reached settlements with HealthSouth, UBS and Ernst & Young totaling over $226 million.
Hamm v. Americorp, Inc., et al. | United States Bankruptcy Court for the Middle District of Alabama | Case No. 2:11-ap-3007
Following a trial that took place in November 2013, the United States Bankruptcy Court for the Middle District of Alabama recently entered a $102,949,220 judgment against Defendants Timothy McCallan, Americorp, Inc., and Seton Corp. related to their role in what the Court deemed “an extraordinary case of fraud on a massive scale.” In a related order, the Court also sanctioned all three defendants an additional $999,457 for discovery abuse that took place throughout the litigation.
The scheme involved using a Montgomery law firm, Allegro Law, LLC, as a front to induce victims to sign up for debt settlement services operated by the Defendants. Victims were promised that they would be represented by an attorney who would negotiate a settlement of their debts for a fraction of what they actually owed. The Defendants instructed victims to stop making payments to their creditors and instead to make payments to Americorp and Seton. Virtually all of the money paid by the victims was siphoned off by Timothy McCallan and his companies. The victims would then default on their debts, with nothing to show for the money they paid to the Defendants. As the Court noted in its order, “the effect of McCallan’s debt settlement scheme on its victims was ‘personal economic suicide.’”