The phenomena of t-shirt still lives on today. It is considered an international icon for all people. The rich man leaving in a palace wears t-shirts too. The poor man living in the alley definitely wears one. There are no boundaries when it comes to t-shirts. blue shirt white collar The one only thing that can make a big difference is how you wear it. You can wear a funny t-shirt and make other people rolling on the floor or laugh out loud. Stand out from the crowd.
Why buy t-shirts at the mall when all of those shirts look exactly identical? Nowadays, there are a lot of stores selling t-shirts. One very great option is buying a funny t-shirt that makes a statement. You can choose a lot of funny t-shirts online.
They sometimes enjoy shopping for their clothes and funny t shirts could be a way to make friends. If your little one is very shy, then a t shirt with a noticeable character on it may spark a conversation with a possible friend. One of the first funny shirts that my black silk shirts daughter had was one that said "It's my brother's fault". She has two older brothers and blames everything on them.
Funny t-shirts are of various kinds. They are available in various designs, styles, looks, etc... their prices depend upon their brand or the makers who are engaged in making such t-shirts. They make these funny t-shirts for every class of consumers, and not necessarily for a particular group of customers. The range of customers for such t-shirts is vast.
We have always been committed to bringing our customers the highest quality screen printed funny t-shirts possible. However, when we started out, we had no idea how to design t-shirts and did not know anything about graphics programs. When designing funny tee shirts, you always need to be able to adapt an image to an idea, and this is where I really had problems.
The funny t-shirts are designed to meet the needs of the young generation specifically. They are more attracted to the slogans and tags that are their favorite. They tend to fall easily for these funny t-shirts.
Printing tshirts can be very expensive once you purchase all of the equipment needed. So to start, we did a lot of research on which of our funny t-shirt designs we thought would sell the best and then got in touch with some local t-shirt printers and received some prices.
Popularity of Funny T-shirts - These T-shirts are very popular amongst kids as well as young adults and teenagers. The main reason behind the popularity of Funny T-shirts is because it lets you convey you message to the world. Whatever you want to say to the world, lewins shirts be it funny message, joke, sayings, political quotes or your personal thoughts, just put it on your T-shirt and let the world know your thoughts.
Funny t shirt printings are really humorous. Irrespective of some being offensive, they really do make you laugh, which is the aim of them. Because of this it is no surprise when you discover funny t shirt for kids with such sayings as, "It's not my fault my brother did it!" and " I might be small, but don't let that fool ya, cause I am still the boss. by suitsbay fmwl110617
2011年6月16日星期四
2011年6月15日星期三
Gift Idea for Men the Perfectly-Fitting Shirt
Your best friend''s birthday is fast approaching. You are thinking of a memorable birthday gift for him. You have given him towels, neckties, socks, and boxer shorts over the years. Now, you want to give him something that he''ll definitely appreciate. shirts formal You remember that he loves collecting t-shirts; his face lights up whenever he sees shirt displays at the mall. However, he has dozens of shirts stocked in his wardrobe. How do you make a simple shirt gift memorable?
The secret of thoughtful gift-giving is knowledge. Whatever you give, match the design and style of your gift to your friends'' preferences. If you''re planning to give clothes as gifts, make sure that the clothing items perfectly fit the receiver. You have the power to transform a simple shirt into a remarkable gift. Know what your best friend wants, estimate his size, and head to his favorite shirt boutique. That way, your gift will not be just stuffed between the other shirts in his wardrobe
Is your friend a laid-back and casual guy? If so, a casual tee is the perfect gift for him. Casual shirts, commonly made from cotton, are good for everyday wear. There are different kinds of casual shirts; you can go for plain, colored shirts, or printed, graphic tees. White and solid-colored shirts are good choices for men. These shirts can be worn while lounging at home; ivory tuxedo shirt at the same time, they are perfect for hanging out with friends.
Casual shirts go with almost any piece of clothing. You can pair them with twill pants and sneakers. Fitted shirts likegive you a smart and crisp look. Short-sleeved shirts with hood are perfect for nighttime activities with friends.
If your friend is more of a workaholic, head to the dress shirt section of the store. Dress shirts such as a are perfect attire for the workplace. They have collars and buttoned sleeves. These shirts are commonly worn under a suit jacket. These also come in a wide variety of styles and designs.
Casual polo shirts are ideal gift ideas for men. mens business shirts Polo shirts like a work well with jeans and shorts. Peek into your friend''s rack and check his shirt collection. This should give you an idea of what his collection lacks, and the shirt types he prefers. by suitsbay fmwl110616
The secret of thoughtful gift-giving is knowledge. Whatever you give, match the design and style of your gift to your friends'' preferences. If you''re planning to give clothes as gifts, make sure that the clothing items perfectly fit the receiver. You have the power to transform a simple shirt into a remarkable gift. Know what your best friend wants, estimate his size, and head to his favorite shirt boutique. That way, your gift will not be just stuffed between the other shirts in his wardrobe
Is your friend a laid-back and casual guy? If so, a casual tee is the perfect gift for him. Casual shirts, commonly made from cotton, are good for everyday wear. There are different kinds of casual shirts; you can go for plain, colored shirts, or printed, graphic tees. White and solid-colored shirts are good choices for men. These shirts can be worn while lounging at home; ivory tuxedo shirt at the same time, they are perfect for hanging out with friends.
Casual shirts go with almost any piece of clothing. You can pair them with twill pants and sneakers. Fitted shirts likegive you a smart and crisp look. Short-sleeved shirts with hood are perfect for nighttime activities with friends.
If your friend is more of a workaholic, head to the dress shirt section of the store. Dress shirts such as a are perfect attire for the workplace. They have collars and buttoned sleeves. These shirts are commonly worn under a suit jacket. These also come in a wide variety of styles and designs.
Casual polo shirts are ideal gift ideas for men. mens business shirts Polo shirts like a work well with jeans and shorts. Peek into your friend''s rack and check his shirt collection. This should give you an idea of what his collection lacks, and the shirt types he prefers. by suitsbay fmwl110616
2011年6月14日星期二
Big Money from Video Game Shirts
The video game shirts niche is really demonstrating incredibly good financial growth and has presently become a distinct entity to video games. As a result of ever expanding interest in the tee shirts and t shirts lots of providers who develop the video games currently aside from that produce a various spin off products or services most notably garments. blue shirt white collar Likewise real fashion makers and additionally brands are generally having a boost in the amount regarding video game shirts in which are undoubtedly becoming ended up selling from every class. It all chosen to come to be whom just spotty kids would likely wear regarding T-shirts though at this moment this is the instance by which the video game t-shirt is almost certainly presently in vogue! And also simply because regarding the great new concepts and textiles of which are really currently being employed, genuinely the stylish concerned can be donning all of them. This amazing occurrence is just set to carry on, when clearly seeing as mass marketplace patterns are increasingly being generated because of popular retailers. Doing this means that which experts claim many other economies together with niches will be cutting open all the way up intended for video gaming t shirts, particularly funny video games t-shirts, retro video game tee shirts together with game over shirts.
Right now there are usually additionally out of the ordinary black silk shirts limited edition designs available for sale to be able to acquire. When you consider that of the short amount of quantity of all of these tee shirts you are going to in a little while happen to be noticing collectable video gaming t-shirts when it comes to the near long term future, in fact that experts claim is definitely so long as these products are usually not by then here. Brought in concepts from the far east happen to be incredibly favoured located in the other areas of the overall world, specifically where the custom logo or perhaps even a particular renowned word via a video game might be crafted in Japanese. So there is without a doubt certain kudos in being seen wearing these particular t shirts seeing as a large number of the game titles have a habit to come within Japan. Each of these should be thought of as bona fide and also the actual genuine article.
So there have been many kinds of types of manufacturing techniques in making majority of these t shirts that are distributed throughout the web. Not simply via computer game stockists. Style merchants already have their own unique product line in therefore it will not be difficult to get a new t shirt.
As this phenomenon improves, the market industry could possibly get bigger and bigger, significantly more sellers are certain to get caught up and then the styles may get a great deal better and better. With an increase of options available, but this does not actually indicate that a bit more top quality. However the designs which we can be visiting to date were superb. lewins shirts A handful of on the net websites which specifically specialize in video game apparel, sometimes provide a plans to receive supporters of this excellent genre to submit their individual designs, this will mean, trends will not always be still left to a few designers but nonetheless, are likely to be the responsibility of on the regular people might possibly made these kind of t-shirts desirable in the beginning, the prospective customers.
The best prominent t-shirts has become the game over t shirts and as a consequence many of the retro gaming shirts these kind of as space invaders and therefore Pac man. Well in case you continue to be no need to believe me, explore via internet or perhaps in the businesses neighbourhood figure out the actual wide variety of tee shirts attainable. May well find out video gaming t-shirts all over the place. Precisely what do most of these shirts already have in common, they all very often develop a hassle-free theme, collecting an renowned icon right from a game, it appears the more straightforward a creation, the better admired the t-shirt. Video gaming companies have certified their solution or service to most a range of clothing fashion retailers.
To sum it up what we should have become noticing is actually a super-fast development in the sell that has ended up being followed by way of a wide range of corresponding areas. by suitsbay fmwl110615
Right now there are usually additionally out of the ordinary black silk shirts limited edition designs available for sale to be able to acquire. When you consider that of the short amount of quantity of all of these tee shirts you are going to in a little while happen to be noticing collectable video gaming t-shirts when it comes to the near long term future, in fact that experts claim is definitely so long as these products are usually not by then here. Brought in concepts from the far east happen to be incredibly favoured located in the other areas of the overall world, specifically where the custom logo or perhaps even a particular renowned word via a video game might be crafted in Japanese. So there is without a doubt certain kudos in being seen wearing these particular t shirts seeing as a large number of the game titles have a habit to come within Japan. Each of these should be thought of as bona fide and also the actual genuine article.
So there have been many kinds of types of manufacturing techniques in making majority of these t shirts that are distributed throughout the web. Not simply via computer game stockists. Style merchants already have their own unique product line in therefore it will not be difficult to get a new t shirt.
As this phenomenon improves, the market industry could possibly get bigger and bigger, significantly more sellers are certain to get caught up and then the styles may get a great deal better and better. With an increase of options available, but this does not actually indicate that a bit more top quality. However the designs which we can be visiting to date were superb. lewins shirts A handful of on the net websites which specifically specialize in video game apparel, sometimes provide a plans to receive supporters of this excellent genre to submit their individual designs, this will mean, trends will not always be still left to a few designers but nonetheless, are likely to be the responsibility of on the regular people might possibly made these kind of t-shirts desirable in the beginning, the prospective customers.
The best prominent t-shirts has become the game over t shirts and as a consequence many of the retro gaming shirts these kind of as space invaders and therefore Pac man. Well in case you continue to be no need to believe me, explore via internet or perhaps in the businesses neighbourhood figure out the actual wide variety of tee shirts attainable. May well find out video gaming t-shirts all over the place. Precisely what do most of these shirts already have in common, they all very often develop a hassle-free theme, collecting an renowned icon right from a game, it appears the more straightforward a creation, the better admired the t-shirt. Video gaming companies have certified their solution or service to most a range of clothing fashion retailers.
To sum it up what we should have become noticing is actually a super-fast development in the sell that has ended up being followed by way of a wide range of corresponding areas. by suitsbay fmwl110615
2011年6月13日星期一
Gift Idea for Men the Perfectly-Fitting Shirt
Your best friend''s birthday is fast approaching. You are thinking of a memorable birthday gift for him. You have given him towels, neckties, socks, black and white shirt and boxer shorts over the years. Now, you want to give him something that he''ll definitely appreciate. You remember that he loves collecting t-shirts; his face lights up whenever he sees shirt displays at the mall. However, he has dozens of shirts stocked in his wardrobe. How do you make a simple shirt gift memorable?
The secret of thoughtful gift-giving is knowledge. Whatever you give, match the design and style of your gift to your friends'' preferences. If you''re planning to give clothes as gifts, make sure that the clothing items perfectly fit the receiver. You have the power to transform a simple shirt into a remarkable gift. Know what your best friend wants, estimate his size, and head to his favorite shirt boutique. That way, your gift will not be just stuffed between the other shirts in his wardrobe
Is your friend a laid-back and casual guy? red silk shirts If so, a casual tee is the perfect gift for him. Casual shirts, commonly made from cotton, are good for everyday wear. There are different kinds of casual shirts; you can go for plain, colored shirts, or printed, graphic tees. White and solid-colored shirts are good choices for men. These shirts can be worn while lounging at home; at the same time, they are perfect for hanging out with friends.
Casual shirts go with almost any piece of clothing. You can pair them with twill pants and sneakers. Fitted shirts like give you a smart and crisp look. Short-sleeved shirts with hood are perfect for nighttime activities with friends.
If your friend is more of a workaholic, head to the dress shirt section of the store. Dress shirts such as a are perfect attire for the workplace. boys white shirt They have collars and buttoned sleeves. These shirts are commonly worn under a suit jacket. These also come in a wide variety of styles and designs.
Casual polo shirts are ideal gift ideas for men. Polo shirts like a work well with jeans and shorts. Peek into your friend''s rack and check his shirt collection. This should give you an idea of what his collection lacks, and the shirt types he prefers. by suitsbay fmwl110614
The secret of thoughtful gift-giving is knowledge. Whatever you give, match the design and style of your gift to your friends'' preferences. If you''re planning to give clothes as gifts, make sure that the clothing items perfectly fit the receiver. You have the power to transform a simple shirt into a remarkable gift. Know what your best friend wants, estimate his size, and head to his favorite shirt boutique. That way, your gift will not be just stuffed between the other shirts in his wardrobe
Is your friend a laid-back and casual guy? red silk shirts If so, a casual tee is the perfect gift for him. Casual shirts, commonly made from cotton, are good for everyday wear. There are different kinds of casual shirts; you can go for plain, colored shirts, or printed, graphic tees. White and solid-colored shirts are good choices for men. These shirts can be worn while lounging at home; at the same time, they are perfect for hanging out with friends.
Casual shirts go with almost any piece of clothing. You can pair them with twill pants and sneakers. Fitted shirts like give you a smart and crisp look. Short-sleeved shirts with hood are perfect for nighttime activities with friends.
If your friend is more of a workaholic, head to the dress shirt section of the store. Dress shirts such as a are perfect attire for the workplace. boys white shirt They have collars and buttoned sleeves. These shirts are commonly worn under a suit jacket. These also come in a wide variety of styles and designs.
Casual polo shirts are ideal gift ideas for men. Polo shirts like a work well with jeans and shorts. Peek into your friend''s rack and check his shirt collection. This should give you an idea of what his collection lacks, and the shirt types he prefers. by suitsbay fmwl110614
2011年6月12日星期日
Mortgage meltdown: offers lessons for all.
As the U.S. economy struggles to recover from the collapse of the sub-prime mortgage market, falling real estate prices and rising energy costs, plaintiffs' lawyers are gearing up.
Make no mistake: their actions will not help American businesses recover. Lawsuits will likely hit some companies at the same time more stringent government regulation increases their cost of doing business. The plaintiffs' bar is doing its best to subvert the nation's businesses as they attempt to regain their economic footing.
One positive result of these suits, however, is that they provide lessons for businesses on how to protect themselves from aggressive plaintiffs' lawyers. And though it may be too late to avoid litigation this time around, executives who pay attention to recent events will be better positioned when the next round of lawsuits hits.
Starting late last year, plaintiffs' lawyers began filing what will likely be a plethora of suits seeking to profit from the mortgage meltdown, blaming various types of businesses for the fallout. Citing figures from Cornerstone Research (which compiled the figures in cooperation with Stanford Law School), The New York Times reported earlier this year that class-action filings spiked in the early 2000s, with 497 filed in 2001, up from 215 the previous year. As those cases were resolved, new filings fell to a low of 118 in 2006. But there were about 170 filed last year, over 30 of which were related to the mortgage crisis.
"American homeowners are suing mortgage lenders. Mortgage lenders are suing Wall Street Banks. Wall Street Banks are suing loan specialists. And investors are suing everyone," the Times noted. Analysts warn that there is no end to the list of potential legal targets because so many players share a piece of the blame for the mortgage meltdown.
Though subprime-related lawsuits are not all the same, some trends have emerged in the types of suits filed and defendants targeted. A recent study by Navigant Consulting Inc. found that while "virtually every participant in the subprime collapse is being sued ... mortgage bankers and loan correspondents represent the highest percentage of defendants (32 percent)." Other defendants named by the study include mortgage brokers, lenders, appraisers, title companies, homebuilders, underwriting firms, bond insurers, money managers, accounting firms and company directors/officers.
Kevin M. LaCroix, an attorney who maintains a running list of subprime lending lawsuits, said a large majority of the suits are securities fraud class actions. They fall into the following categories:
Securities fraud and shareholder-derivative actions. The most common subprime-related suits are class-action securities fraud or shareholder-derivative actions. These suits usually allege that defendants, such as American International Group Inc., Countrywide Financial Corp. and Citigroup Inc., made false and misleading statements in press releases and public disclosures about their financial conditions.
Borrowers vs. lenders. These suits generally claim that lenders have misrepresented aspects of their mortgage loans, or have otherwise engaged in deceptive or unfair trade practices. For example, a class action recently filed against NovaStar Financial Inc., on behalf of a proposed class of 1,600 borrowers, alleged that the broker or lending officer who placed the mortgage was financially rewarded for steering borrowers to higher interest rate loans. (The case settled for $5.1 million.)
In another recent settlement, Wells Fargo & Co. agreed to pay up to $6.8 million to settle a class action filed over its subprime lending practices.
Borrowers vs. financial firms. These actions are generally premised on the idea that financial institutions encouraged and profited from under-handed and unsavory tactics used by subprime lenders in which the financial institutions invested. In one such suit, borrowers sued a unit of Lehman Brothers for enabling a subprime lender's fraudulent tactics by investing in the lender.
Financial firms vs. lenders. A number of investor-instituted law-suits allege that subprime lenders failed in various duties. For example, a subsidiary of Deutsche Bank filed at least 15 suits against mortgage companies, alleging that they failed to buy back loans with early defaults. Subsidiaries of Credit Suisse Group and UBS AG also have reportedly filed similar suits.
Regulators vs. lenders. A story this big inevitably will attract grand-standing politicians. In June Ohio Attorney General Marc Dann sued 10 mortgage lenders, accusing them of pressuring real estate appraisers to inflate home values.
'Wacky' Suits
Many of the cases filed in the present panic lawsuit market can only be characterized as unprecedented. For example, the cities of Cleveland and Baltimore are pursuing claims against some Wall Street banks, alleging that local residents are suffering because the banking companies "fostered the proliferation of high-risk home loans." Cleveland claims the mortgage companies' lending policies created a public nuisance.
Similarly, in 2007 the National Association for the Advancement of Colored People filed a lawsuit against 14 of the largest U.S. mortgage lenders alleging that they had engaged in "institutionalized racism" by steering African-Americans into subprime home mortgage loans. (The NAACP previously criticized lenders for not making loans to minority borrowers.) Baltimore's suit also claims lending discrimination based upon race.
Other actions related to the subprime mortgage crises do not fit within traditional categories. For example, credit agencies that graded mortgage-backed securities as safe investments are being sued for fraud or misrepresentation. As noted by Columbia University Law Prof. John C. Coffee, "credit-rating agencies have never been held liable in any class action suit since the beginning of time ... they have had virtual legal immunity to any kind of statement."
As the first wave of the subprime suits wind through the judicial process, results so far have been mixed. Some have been thrown out of court. Several have passed the first level of judicial scrutiny. Some have already settled. It appears that the Private Securities Litigation Reform Act has demonstrated its value, as securities fraud class actions have been most vulnerable to dismissal.
Lawsuits are being held to higher standards so that bad business decisions and erroneous market predictions are not equated with securities fraud. On the other hand, where plaintiffs have been able to show actual wrongdoing, even securities fraud suits are proceeding.
Lessons to Learn
On the business side, if there is any lesson to be learned from the current economic crisis, it's that whatever can go wrong eventually will go wrong. American businesses have learned that at some point high-risk ventures result in losses. Future estimates of cost-benefit considerations will be calculated to assess more accurately the risk of catastrophic market conditions. On the legal side, C-suite executives must pay attention to the fundamentals. The factors that make companies targets for lawsuits do not change in a market downturn. In fact, they are magnified. Some points to remember:
* The best defense against shareholders' lawsuits is a strong and independent board. Though some CEOs consider their directors an unwelcome nuisance, they are actually the best protection executives have against shareholder-derivative suits. Under the laws of Delaware and most other states, if the majority of directors are not personally implicated in alleged wrongdoing, they retain the ultimate decision whether to approve or disapprove a shareholder's right to sue the company. Failure of the shareholder to submit a claim to the board for pre-suit review is usually fatal to the lawsuit.
* Protections built into U.S. securities law are working. More than any time in the last four decades, the securities laws are functioning as they should. More often than not, bogus fraud claims are dismissed at an early stage. As always, full disclosure of material events is always the best policy. Unlike some times in the past, however, companies that make forward-looking statements can now do so without facing extreme risks if business conditions don't turn out as the companies predicted.
* Arbitration clauses may avoid litigation altogether. Many companies that conduct business in dangerous jurisdictions have used mandatory contractual arbitration provisions to keep cases out of the legal system. In several cases, companies have also used arbitration clauses to block class-action suits. The law in this area is in flux, however, until the U.S. Supreme Court settles the matter. (In 2003 the justices were unable to reach a consensus in Green Tree Financial Corp. vs. Bazzle, leaving lower courts without clear guidance on the enforceability of arbitration clauses that preclude class action litigation.)
* Good business makes good legal protection. At the end of the day, companies that treat their customers well face fewer lawsuits.
Like business, litigation runs in cycles. Economic downturns, like the present slump, emphasize the benefits of following fundamentally good practices. Cutting corners to maximize short-term profits can generate litigation that over-shadows the benefits realized.
Well-managed companies will survive the present barrage of lawsuits. Managers should consider the claims that are being asserted, so that they can form layers of protection for their companies against similar future claims.
RELATED ARTICLE: TAKEAWAYS
* Almost no business is immune from class actions resulting from the subprime meltdown. Some 170 suits were filed last year, more than 30 of which related to the mortgage crisis.
* The majority of suits are securities-fraud class actions that fall into the following categories: securities fraud/shareholder-derivative actions; borrowers suing lenders; borrowers suing financial firms; financial firms suing lenders; or regulators suing lenders.
* Though high-risk business ventures can--and frequently do--result in losses, C-suite executives who pay attention to the current legal climate and focus on their firms' fundamentals can avoid costly future litigation.
* The key defense against shareholder suits is a strong and independent board of directors. That's because if the majority of directors are not personally implicated in alleged wrongdoing, they usually have the power to authorize a shareholder's right to sue.
LARRY B. CHILDS (larry.childs@wallerlaw.com) is a partner in the Birmingham, Ala., office of Waller Lansden Dortch & Davis LLP where his practice focuses on complex financial services litigation.
by suitsbay fmwl110613
Make no mistake: their actions will not help American businesses recover. Lawsuits will likely hit some companies at the same time more stringent government regulation increases their cost of doing business. The plaintiffs' bar is doing its best to subvert the nation's businesses as they attempt to regain their economic footing.
One positive result of these suits, however, is that they provide lessons for businesses on how to protect themselves from aggressive plaintiffs' lawyers. And though it may be too late to avoid litigation this time around, executives who pay attention to recent events will be better positioned when the next round of lawsuits hits.
Starting late last year, plaintiffs' lawyers began filing what will likely be a plethora of suits seeking to profit from the mortgage meltdown, blaming various types of businesses for the fallout. Citing figures from Cornerstone Research (which compiled the figures in cooperation with Stanford Law School), The New York Times reported earlier this year that class-action filings spiked in the early 2000s, with 497 filed in 2001, up from 215 the previous year. As those cases were resolved, new filings fell to a low of 118 in 2006. But there were about 170 filed last year, over 30 of which were related to the mortgage crisis.
"American homeowners are suing mortgage lenders. Mortgage lenders are suing Wall Street Banks. Wall Street Banks are suing loan specialists. And investors are suing everyone," the Times noted. Analysts warn that there is no end to the list of potential legal targets because so many players share a piece of the blame for the mortgage meltdown.
Though subprime-related lawsuits are not all the same, some trends have emerged in the types of suits filed and defendants targeted. A recent study by Navigant Consulting Inc. found that while "virtually every participant in the subprime collapse is being sued ... mortgage bankers and loan correspondents represent the highest percentage of defendants (32 percent)." Other defendants named by the study include mortgage brokers, lenders, appraisers, title companies, homebuilders, underwriting firms, bond insurers, money managers, accounting firms and company directors/officers.
Kevin M. LaCroix, an attorney who maintains a running list of subprime lending lawsuits, said a large majority of the suits are securities fraud class actions. They fall into the following categories:
Securities fraud and shareholder-derivative actions. The most common subprime-related suits are class-action securities fraud or shareholder-derivative actions. These suits usually allege that defendants, such as American International Group Inc., Countrywide Financial Corp. and Citigroup Inc., made false and misleading statements in press releases and public disclosures about their financial conditions.
Borrowers vs. lenders. These suits generally claim that lenders have misrepresented aspects of their mortgage loans, or have otherwise engaged in deceptive or unfair trade practices. For example, a class action recently filed against NovaStar Financial Inc., on behalf of a proposed class of 1,600 borrowers, alleged that the broker or lending officer who placed the mortgage was financially rewarded for steering borrowers to higher interest rate loans. (The case settled for $5.1 million.)
In another recent settlement, Wells Fargo & Co. agreed to pay up to $6.8 million to settle a class action filed over its subprime lending practices.
Borrowers vs. financial firms. These actions are generally premised on the idea that financial institutions encouraged and profited from under-handed and unsavory tactics used by subprime lenders in which the financial institutions invested. In one such suit, borrowers sued a unit of Lehman Brothers for enabling a subprime lender's fraudulent tactics by investing in the lender.
Financial firms vs. lenders. A number of investor-instituted law-suits allege that subprime lenders failed in various duties. For example, a subsidiary of Deutsche Bank filed at least 15 suits against mortgage companies, alleging that they failed to buy back loans with early defaults. Subsidiaries of Credit Suisse Group and UBS AG also have reportedly filed similar suits.
Regulators vs. lenders. A story this big inevitably will attract grand-standing politicians. In June Ohio Attorney General Marc Dann sued 10 mortgage lenders, accusing them of pressuring real estate appraisers to inflate home values.
'Wacky' Suits
Many of the cases filed in the present panic lawsuit market can only be characterized as unprecedented. For example, the cities of Cleveland and Baltimore are pursuing claims against some Wall Street banks, alleging that local residents are suffering because the banking companies "fostered the proliferation of high-risk home loans." Cleveland claims the mortgage companies' lending policies created a public nuisance.
Similarly, in 2007 the National Association for the Advancement of Colored People filed a lawsuit against 14 of the largest U.S. mortgage lenders alleging that they had engaged in "institutionalized racism" by steering African-Americans into subprime home mortgage loans. (The NAACP previously criticized lenders for not making loans to minority borrowers.) Baltimore's suit also claims lending discrimination based upon race.
Other actions related to the subprime mortgage crises do not fit within traditional categories. For example, credit agencies that graded mortgage-backed securities as safe investments are being sued for fraud or misrepresentation. As noted by Columbia University Law Prof. John C. Coffee, "credit-rating agencies have never been held liable in any class action suit since the beginning of time ... they have had virtual legal immunity to any kind of statement."
As the first wave of the subprime suits wind through the judicial process, results so far have been mixed. Some have been thrown out of court. Several have passed the first level of judicial scrutiny. Some have already settled. It appears that the Private Securities Litigation Reform Act has demonstrated its value, as securities fraud class actions have been most vulnerable to dismissal.
Lawsuits are being held to higher standards so that bad business decisions and erroneous market predictions are not equated with securities fraud. On the other hand, where plaintiffs have been able to show actual wrongdoing, even securities fraud suits are proceeding.
Lessons to Learn
On the business side, if there is any lesson to be learned from the current economic crisis, it's that whatever can go wrong eventually will go wrong. American businesses have learned that at some point high-risk ventures result in losses. Future estimates of cost-benefit considerations will be calculated to assess more accurately the risk of catastrophic market conditions. On the legal side, C-suite executives must pay attention to the fundamentals. The factors that make companies targets for lawsuits do not change in a market downturn. In fact, they are magnified. Some points to remember:
* The best defense against shareholders' lawsuits is a strong and independent board. Though some CEOs consider their directors an unwelcome nuisance, they are actually the best protection executives have against shareholder-derivative suits. Under the laws of Delaware and most other states, if the majority of directors are not personally implicated in alleged wrongdoing, they retain the ultimate decision whether to approve or disapprove a shareholder's right to sue the company. Failure of the shareholder to submit a claim to the board for pre-suit review is usually fatal to the lawsuit.
* Protections built into U.S. securities law are working. More than any time in the last four decades, the securities laws are functioning as they should. More often than not, bogus fraud claims are dismissed at an early stage. As always, full disclosure of material events is always the best policy. Unlike some times in the past, however, companies that make forward-looking statements can now do so without facing extreme risks if business conditions don't turn out as the companies predicted.
* Arbitration clauses may avoid litigation altogether. Many companies that conduct business in dangerous jurisdictions have used mandatory contractual arbitration provisions to keep cases out of the legal system. In several cases, companies have also used arbitration clauses to block class-action suits. The law in this area is in flux, however, until the U.S. Supreme Court settles the matter. (In 2003 the justices were unable to reach a consensus in Green Tree Financial Corp. vs. Bazzle, leaving lower courts without clear guidance on the enforceability of arbitration clauses that preclude class action litigation.)
* Good business makes good legal protection. At the end of the day, companies that treat their customers well face fewer lawsuits.
Like business, litigation runs in cycles. Economic downturns, like the present slump, emphasize the benefits of following fundamentally good practices. Cutting corners to maximize short-term profits can generate litigation that over-shadows the benefits realized.
Well-managed companies will survive the present barrage of lawsuits. Managers should consider the claims that are being asserted, so that they can form layers of protection for their companies against similar future claims.
RELATED ARTICLE: TAKEAWAYS
* Almost no business is immune from class actions resulting from the subprime meltdown. Some 170 suits were filed last year, more than 30 of which related to the mortgage crisis.
* The majority of suits are securities-fraud class actions that fall into the following categories: securities fraud/shareholder-derivative actions; borrowers suing lenders; borrowers suing financial firms; financial firms suing lenders; or regulators suing lenders.
* Though high-risk business ventures can--and frequently do--result in losses, C-suite executives who pay attention to the current legal climate and focus on their firms' fundamentals can avoid costly future litigation.
* The key defense against shareholder suits is a strong and independent board of directors. That's because if the majority of directors are not personally implicated in alleged wrongdoing, they usually have the power to authorize a shareholder's right to sue.
LARRY B. CHILDS (larry.childs@wallerlaw.com) is a partner in the Birmingham, Ala., office of Waller Lansden Dortch & Davis LLP where his practice focuses on complex financial services litigation.
by suitsbay fmwl110613
2011年6月9日星期四
Selecting and Tying a Tie
necktie is not only an accessory but the most important part of a suit. When you are dressed formally, you feel odd when you aren''t wearing a tie. Neckties can come in several colors and materials. The selected ties should be matched with shirts and suits. Currently most suits come in black, gray or dark gray, blue, or brown, thus warm color neckties, such as coffee brown, dark red, and purple, are mostly appropriate. Medium light color neckties suit a person with a dark complexion, but neckties in dark or very light colors do not. In general, the match between a suit and a necktie should have layer feel. Both a light colored suit with a dark necktie and a dark suit with a light color necktie will look good. The width of neckties should also be coordinated with the width of shirt collar or suit collar. A small collared suit paired with a wide necktie and large pointy collared shirt matched with narrow ties are not appropriate.
Whether the colors of neckties, shirts, and suits match is another issue we should pay attention to. In general it is advisable to wear three colors or less. For example, a navy suit can go with a blue shirt and an azure necktie; of course, the tie can have some red or white stripes or other patterns. The necktie fashion rule of thumb is the contrast attraction; therefore, neckties in warm hues are worn with light colored suits and shirts, while ties in cooler blues and grays are marvelous matches for dark suits. In other words, light colored neckties and shirts are suitable for light gray suits; for dark suits, shirts should be in light color and neckties should be in dark color.
In addition, the choice of tie color should also be coordinated with the specific occasion. For instance you should wear bright ties for happy things, and darker ties for more solemn events. These are specific guidelines to follow when finding a tie to match a suit. Striped neckties are categorized into two models: British and American. The British style of stripes is to have it slant from top right to lower left, while the opposite orientation is the American style. In general, the suits of British or French style should go with British style neckties and the American or Italian suits must go with American style ties. A necktie will often represent someone''s personality. A man who wears a short tie with a large knot is indicating that he is confident in his abilities, while a man with a tiny knot in his tie or one that is too tight indicates that he is not not a confident man. Accordingly the neckties should be worn lose to make it look befitting.
There is a certain method to tie neckties. You have no need to turn over the collar to wear a tie with the following tip. Button up your shirt first; hang the necktie outside the collar, press the wider end under the collar, pull the other end, and then your tie is caught in the middle of collar. Both ends should be drooping naturally with the wide end upon the narrow one and the appropriate length is that the tie tip is right on the waist line, if your necktie is tied well. If wearing a suit vest or a V-collar sweater at the same time, the tie should be worn within the vest or sweater. by suitsbay fmwl110610
Whether the colors of neckties, shirts, and suits match is another issue we should pay attention to. In general it is advisable to wear three colors or less. For example, a navy suit can go with a blue shirt and an azure necktie; of course, the tie can have some red or white stripes or other patterns. The necktie fashion rule of thumb is the contrast attraction; therefore, neckties in warm hues are worn with light colored suits and shirts, while ties in cooler blues and grays are marvelous matches for dark suits. In other words, light colored neckties and shirts are suitable for light gray suits; for dark suits, shirts should be in light color and neckties should be in dark color.
In addition, the choice of tie color should also be coordinated with the specific occasion. For instance you should wear bright ties for happy things, and darker ties for more solemn events. These are specific guidelines to follow when finding a tie to match a suit. Striped neckties are categorized into two models: British and American. The British style of stripes is to have it slant from top right to lower left, while the opposite orientation is the American style. In general, the suits of British or French style should go with British style neckties and the American or Italian suits must go with American style ties. A necktie will often represent someone''s personality. A man who wears a short tie with a large knot is indicating that he is confident in his abilities, while a man with a tiny knot in his tie or one that is too tight indicates that he is not not a confident man. Accordingly the neckties should be worn lose to make it look befitting.
There is a certain method to tie neckties. You have no need to turn over the collar to wear a tie with the following tip. Button up your shirt first; hang the necktie outside the collar, press the wider end under the collar, pull the other end, and then your tie is caught in the middle of collar. Both ends should be drooping naturally with the wide end upon the narrow one and the appropriate length is that the tie tip is right on the waist line, if your necktie is tied well. If wearing a suit vest or a V-collar sweater at the same time, the tie should be worn within the vest or sweater. by suitsbay fmwl110610
2011年6月8日星期三
Ermenegildo Zegna suit
Ermenegildo Zegna Zegna and Gildo Zegna is one of the leading Italian fashion house that specializes in clothing for men. Established [1] in 1910 and is now in its fourth generation of family Zegna [1] and remains in family ownership. In addition, the production of costumes for his own label, it makes costumes for labels such as Gucci, Yves Saint Laurent and Tom Ford Beauty YSL contrary Markets spirit called Essenza di Zegna, [1] and Zegna, expansion into accessories and leather goods was. As one of the world's largest producer of high quality materials (2.3 million meters per year) [1], Zegna in promoting the improvement of wool production worldwide. Ermenegildo Zegna founded the company in 1910 in Biella Alps Trivero in [1]. Zegna quickly won a reputation for producing fine wool suits, and at the end of 1930, gear 1000 workers. 1938 saw the first sales in the U.S., although exports have not helped the high prices and the privations of war. Ermenegildo when his son, Aldo (b. 1920) and Angelo (born 1924) joined the company in 1942 it was renamed Ermenegildo Zegna and children. In 1955, the company has 1400 employees. What makes Zegna unique in that it is the only company of its kind in the world specializing in direct purchases of natural resources in their domestic markets, with the cycle fully verticalization creation and production of the material first in the textile, apparel and accessories, internationally distributed philatelic Zegna and other selected stores for men. Ermenegildo Zegna men is internationally known for its high quality and exquisite materials known. Rapidly approaching its centennial, the company maintained up-to develop the site and the introduction of sports alliances with leaders of other clothing such as Armani and Ungaro. Family empire has opened a growing global presence in Europe, as well as two dozen stores in China, and its second store in the market virtually untapped men's wear in India.
by suitsbay fmwl10609
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