Category: Attorneys

Karl Heideck Analyzes a Lawsuit against Well Fargo

News reports indicate that the City of Philadelphia recently filed a lawsuit against Wells Fargo & Company. The city is alleging that the bank dishonored the Fair Housing Act of 1968. It is argued that the bank used predatory lending practices targeting minority mortgage borrowers. However, the bank has denied the allegations noting that it has fair practices. Wells Fargo claims that the lawsuit is unsubstantiated. The City of Philadelphia filed the lawsuit on May 15 in the district court for the Eastern District of Pennsylvania in the US. The bank has been facing a series of scandals last year where bankers were opening bogus accounts in the name of its clients. Therefore, this lawsuit is the latest in the series of problems facing the large bank.

Philadelphia is the fifth largest city in the United States, with a population of 1.57 million people. The town has a large minority population with about 43 percent of its residents being black and 12 percent being Hispanic. The alleged lending practices of Well Fargo towards the minority population in the city hurt the city’s economy because most borrowers who applied for loans to refinance their mortgages had their applications turned down. That resulted in the foreclosure of the applicants’ homes. The city argues that the practice hurt the city because it caused lower property values in the affected locations, more frequent vandalism cases, and higher crime rates.

Wells Fargo has its headquarters in San Francisco. The City of Philadelphia also accused the bank of steering Hispanic and black borrowers into getting riskier loans than other borrowers with higher interest rates even if they qualified for low-risk and low-interest rate mortgages. The city claims that it investigated the claims for about one year before filing the lawsuit. The city also claims that black borrowers were twice likely to be given higher interest loans for loans with a repayment period of ten years. Additionally, Hispanics were 1.7 times likely to get riskier mortgage loans than other white borrowers. However, Wells Fargo disputed the claims made by the city through their spokesman.

About Karl Heideck

Karl earned his Bachelor of Arts in English language and literature in 2003 from Swarthmore College. He also received his Juris Doctor in 2009 from the Temple University Beasley School of Law. Heideck focuses practice in an array of areas such as risk management, civil litigation, compliance management, and helping clients throughout Philadelphia areas.

Karl is currently concentrating as an attorney dealing with bank litigations, fraud cases, and securities. Karl is also focusing on acquisitions, liquidity, transactions problems related to the mortgage crisis of 2008, and risk management. Karl Heideck has gained many years of experience working as a litigator.

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Ricardo Tosto Discusses the Law of Micro-Business Taxation in Brazil

Brazilian law has not always been very business-friendly, and in the view of many people, this lack of encouragement has been detrimental to the country’s development. However, things are slowly changing, and the government has introduced a new taxation system for very small businesses, also known as micro-businesses click here.

A micro-business is a one-person or two-person business. This definition includes freelancers, although lawyers are other service professionals are excluded from the definition in Brazil. Registering as a has a number of tax benefits, but is only possible if the business’s gross profits do not exceed 60,000 reais per year.

Individuals and partners who register as a micro-business pay a monthly pension contribution. Although they must file a federal tax return, they need only pay income tax if their net profit exceeds a certain percentage threshold over gross profits, which is 32% for most services, but lower for other businesses. Taxes are only owed on profits above that threshold, and personal deductions also apply to the taxable income.

These new small business registration schemes allow entrepreneurs to start small and build their business. As their profits grow, they may opt to incorporate their business or simply move up to other forms of small business organization.

Ricardo Tosto is a Brazilian attorney and expert in business law. His firm, Ricardo Tosto & Associates, was one of the first Brazilian law offices to offer large-scale dispute resolution solutions to corporations.

Ricardo Tosto earned his LLB and practiced as an in-house counsel before starting his firm. A well-regarded member of the Sao Paulo Bar, Ricardo Tosto is a frequent speaker at events, and strongly believes that the academic side of the law enhances its practice. In addition, Ricardo Tosto is known for his track record of legal publications and works on Brazilian legal history.

Geoffrey Cone Shows Clients How to Make a Global Move

Geoffrey Cone not only wants his clients how to do things when it comes to their global moves, he wants to make sure that they are taken care of by showing them what they should be doing when it comes to the global move that they are going to make. He knows that doing this will enable his clients to be more successful when they are trying to move to a different country.


There are many specifics that everyone should take into account before they make the decision to move to a different country. It is a good idea for people to go over each of these things before they make that decision so that they will not be surprised when it comes time to actually move to the different country. It is a good idea to do this so that the move goes more smoothly. People should consider things like immigration paperwork, securing jobs and finding a place to live.


Each of these things can be easily taken care of by a global attorney. This type of attorney will make sure that their clients have the chance to go over all of the paperwork but they will do their best to be able to fill everything out based on what the client has provided them with. Since they are professionals, the number of mistakes that are on the paperwork will be drastically fewer than if the person chose to do it on their own.


Some people who are planning a global move have their heart set on moving to New Zealand. They think that this will be the best move for them because they see plenty of benefits to living in the country. Along with the beautiful country and other things, people also think that there is a drastically reduced tax rate in the country. This is a false belief and something that people would know if they hired a global attorney. Global attorney Geoffrey Cone wants people to know that it is a good idea to learn as much about the country, like New Zealand, before they decide that they want to move there.


New Zealand doesn’t have reduced taxes and that can be really upsetting to people who had planned to move there. There are countries, though, that do have reduced taxes. These are called tax havens and they are great for people who make a lot of money and who do not want to pay very high taxes. The tax havens are great for people who want to be able to save money but people should use their research and their global attorney to be able to find out as much as they can about the country.


How Cone Marshall is structured to Offer Legal Services that Deal with Tax and Trust

Cone Marshall is an established law company that is headquartered in Auckland, Australia. The company is renowned for its specialization in legal matters that deal with tax and trusts. Its services are available in different nations across the globe. Karen Marshall and Geoffrey Cone are the two principal partners that manage the law firm. Cone Marshall Limited has gained experience in the services that offers since it was created in 1999. Information about the operation of the enterprise can be accessed on


Karen Marshall started her legal practice in another law company before joining Cone Marshall. She worked for the firm that is based in London for about one decade at its commercial litigation branch. In 2005, she moved to Cone Marshall as an associate and in 2006 she was promoted to be a senior partner of the company. Karen has ample skills in the administration of trusts and the providing guidance on constitutional trustee enterprises.


The primary field that Geoffrey Cone has specialized in is the management of trustee and trusts as well as providing global strategies for tax and trusts. The Cone Marshall firm has been creating links across the world and using them to offer its serves. It advises its clients on the establishment of affiliations and companies, worldwide planning and assets, and creating New Zealand-based trusts. Geoffrey Cone was recently named as a Quintessential Tax Lawyer in May 2016 by a publication that is referred to by attorneys as a Law Firm & Experts Directory.


A social media post that was on LinkedIn, Twitter, Facebook, and Google+ acclaimed New Zealand as an outstanding Model of Transparency. Geoffrey Cone was against the reports, which stated that there had been a lot of secrecy in New Zealand’s banking industry that has made it be a haven for trusts that want to evade tax. According to him, the country has been complying with tax regulations, and it was recognized by the Organization for Economic Co-operation and Development (OECD) in 2002.


Mr. Cone argued that the rising number of New Zealand-based international trusts is due to the security level of the country, which has made many organizations believe in it. The nation has an outstanding reputation since it has structured its judiciary system in an excellent way and it has legal infrastructure. Cone Marshall has always been honest in matters that are associated with tax and trust. Marshall has offered to provide legal advice on trusts and tax at a discounted price.