May 16, 2022 | Blog, Shareholder Investigations
Kehoe Law Firm, P.C. is investigating whether certain executive officers or directors of Osprey Technology Acquisition Corp. (“Osprey”), now known as BlackSky Technology Inc. (“BlackSky Technology”) (NYSE: BKSY), breached their fiduciary duties of disclosure, candor, and requirements to act in good faith, and whether Osprey’s shareholders suffered damages as a result.
INVESTORS OF BLACKSKY TECHNOLOGY STOCK WHO PREVIOUSLY HELD OSPREY SECURITIES ARE ENCOURAGED TO CLICK HERE TO CONTACT KEHOE LAW FIRM, P.C. AND PROVIDE DETAILS OF THEIR STOCK HOLDINGS.
On September 8, 2021, Osprey shareholders of record, as of July 16, 2021, approved a merger between Osprey and BlackSky Technology. After the merger, BlackSky Technology announced that it missed the forecast in the merger proxy for full-year net profit by roughly $200 million. The stock price has declined by over 85% since the merger.
BLACKSKY TECHNOLOGY SHAREHOLDERS WHO HELD OSPREY STOCK ARE ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
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Apr 28, 2022 | Blog, Data Breach
Smile Brands Victim of Ransomware Attack Which Led to Unauthorized Access to Certain Systems Containing Personal Information.
Smile Brands Inc. (“Smile Brands”) has reported a data breach which affected 2,592,494 individuals.
The data breach was the result of a ransomware attack the company became aware of on April 24, 2021.
The data breach involved name, address, telephone number, date of birth, Social Security number, personal financial information, government-issued identification number, and/or personal health information.
To read the company’s “Notice of Data Breach” sample letter, please CLICK HERE.
Source: Office of the Maine Attorney General.
Have You Been Harmed As A Result Of A Data Breach Which Has Exposed Your Private Personal, Protected Health or Personally Identifiable Information?
If you have experienced actual or attempted harm or been the victim of fraud due to the illegal or unauthorized exposure of your private personal, protected health or personally identifiable information, please contact Kehoe Law Firm, P.C., [email protected], for a free, confidential consultation and no-obligation evaluation of potential legal claims.
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Apr 20, 2022 | Blog
The Financial Consequences of Medical Billing, Coercive Credit Reporting, and Privacy Intrusions Due to Inaccurate Medical Bills
The Consumer Financial Protection Bureau (“CFPB”) has issued a report that examines the financial consequences of medical billing and collections endured by individuals and families across the country.
According to the CFPB:
People report that they receive medical bills that are inaccurate or not owed, and they describe the subsequent and significant difficulties identifying, verifying, or eliminating the bills.
People also report learning of an outstanding medical bill only after experiencing a drop in their credit score and being told that only paying the bill would remove the negative collections information from their credit report.
When they did receive prior notice of medical bills in collections, people reported that debt collectors included detailed medical information that resulted in privacy breaches of sensitive medical information. Many people reported paying medical bills to avoid adverse financial and privacy consequences, even when they did not believe the bill to be valid.
When allegedly unpaid or unresolved medical bills get referred to collections and reported to the credit reporting system, people face reduced access to credit, increased risk of bankruptcy, and difficulty securing employment and housing. These negative consequences can occur even when the underlying bill is erroneous, not owed, or unverified.
More Key Findings from the CFPB Report
People do not recognize or owe alleged medical bills, but they continue to be contacted by debt collectors. Debt collectors are required to take reasonable steps to verify debts. In some complaints, however, individuals stated that they did not recognize the company sending them collection notices or that the notices did not contain sufficient information to identify and verify the alleged debt. People also submitted complaints about being contacted by debt collectors for bills that had already been paid in full, covered by insurance, or resolved through charity care.
People suspect unpaid medical bills are being surreptitiously and unlawfully placed on their credit reports. Many people submitting complaints about medical bills state that they only realized the bills were in collections when they checked their credit report or when they were applying for credit. This coercive use of the credit reporting system by debt collectors is an illegal but common debt collection tactic, especially for error-prone debts, such as medical bills.
People experience their credit reports being used as weapons to force payments. People reported that once medical bills were placed in collections and furnished to credit reporting agencies, credit scores stopped reflecting their ability to repay debts. Their lower credit scores became weapons debt collectors could use against them to force payment. In some instances, individuals reported becoming so frustrated trying to resolve allegedly unpaid bills that they gave in and paid the debt collector. They just wanted to make the collection efforts stop and to increase their credit scores.
People report that collection notices contained large amounts of highly sensitive medical information. Individuals described feeling that collection notices included more personal medical information than authorized or permissible under the Health Insurance Portability and Accountability Act (“HIPAA”). The notifications they received often included detailed bills, which listed procedures, tests, and medications.
The consumer experiences in the report, according to the CFPB, strongly suggest that many medical bills reported on credit reports are disputed, inaccurate, or not owed.
According to the CFPB, this finding supports previous CFPB research that found medical bills are less predictive of future repayment than other bills or credit obligations. Specifically, medical bills do less to help lenders determine the likelihood that a credit applicant will repay a new credit extension, like a personal loan.
For more information about the CFPB’s report and for details about efforts by the CFPB to mitigate the impact allegedly owed medical bills can have on a person’s ability to participate in the financial marketplace, please CLICK HERE.
Source: Consumerfinance.gov
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Apr 13, 2022 | Blog, Data Breach
Christie Clinic Suffers Data Breach – 502,869 Individuals Affected by the Cyber Incident
The data breach portal of the U.S. Department of Health and Human Services, Office for Civil Rights, reflects that Illinois-based healthcare provider Christie Business Holdings Company, P.C. (“Christie Clinic”) suffered a data breach affecting 502,869 individuals.
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According to the data breach notice on Christie Clinic’s website, “Christie Clinic recently discovered suspicious activity related to one of its business email accounts.” Christie Clinic reported that its “investigation confirmed that there was unauthorized access to the affected email account from July 14, 2021 to August 19, 2021.”
Christie Clinic’s investigation determined that the types of information potentially in the affected email account may have included name and address, Social Security number, medical information, and health insurance information.
The company also reported that “the extent of the access is unknown and cannot be determined.”
Please CLICK HERE to review the “Notice of Data Privacy Event” posted on Christie Clinic’s website.
Have You Been Harmed As A Result Of A Data Breach Which Has Exposed Your Private Personal, Protected Health Or Personally Identifiable Information?
If you have experienced actual or attempted harm or been the victim of fraud due to the illegal or unauthorized exposure of your private personal, protected health or personally identifiable information, please contact Kehoe Law Firm, P.C., [email protected], for a free, confidential consultation and no-obligation evaluation of potential legal claims.
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Apr 13, 2022 | Blog, Shareholder & Investor Protection
Investors of Electric Last Mile Solutions who held Forum Merger III stock shares are encouraged to CLICK HERE to contact Kehoe Law Firm, P.C. and provide details of their securities holdings.
On June 24, 2021, Forum Merger III shareholders of record as of May 20, 2021 approved a merger between Forum Merger III and ELMS.
On February 1, 2022, after the market closed, ELMS announced that certain Electric Last Mile Solutions executives had resigned following an investigation conducted by a Special Committee of the Board of Directors of ELMS.
Additionally, Electric Last Mile Solutions acknowledged that its previously issued consolidated financial statements should be restated and, therefore, should no longer be relied upon.
On March 11, 2022, ELMS announced that the SEC is investigating matters discussed in previous Electric Last Mile Solutions filings, including disagreements with an accounting firm and compliance with NASDAQ’s listing rules.
ELMS SHAREHOLDERS WHO HELD FORUM MERGER III STOCK ARE ENCOURAGED TO CONTACT MICHAEL YARNOFF, ESQ., (215) 792-6676, EXT. 804, [email protected], [email protected], TO DISCUSS THE BREACH OF FIDUCIARY DUTIES INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
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