Sentences with phrase «financial harm because»

Not exact matches

Specifically, Defendants made false and / or misleading statements and / or failed to disclose that: (i) the Company was engaged in predatory lending practices that saddled subprime borrowers and / or those with poor or limited credit histories with high - interest rate debt that they could not repay; (ii) many of the Company's customers were using Qudian - provided loans to repay their existing loans, thereby inflating the Company's revenues and active borrower numbers and increasing the likelihood of defaults; (iii) the Company was providing online loans to college students despite a governmental ban on the practice; (iv) the Company was engaged overly aggressive and improper collection practices; (v) the Company had understated the number of its non-performing loans in the Registration Statement and Prospectus; (vi) because of the Company's improper lending, underwriting and collection practices it was subject to a heightened risk of adverse actions by Chinese regulators; (vii) the Company's largest sales platform and strategic partner, Alipay, and Ant Financial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevaFinancial, could unilaterally cap the APR for loans provided by Qudian; (viii) the Company had failed to implement necessary safeguards to protect customer data; (ix) data for nearly one million Company customers had been leaked for sale to the black market, including names, addresses, phone numbers, loan information, accounts and, in some cases, passwords to CHIS, the state - backed higher - education qualification verification institution in China, subjecting the Company to undisclosed risks of penalties and financial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevafinancial and reputational harm; and (x) as a result of the foregoing, Qudian's public statements were materially false and misleading at all relevant times.

We should seek to avoid US - style housing busts, not only because they harm financial stability, but also because they impose great social costs.

It does added harm to those students most in need because the cost of the tests, test prep materials, and the technology to administer the tests takes financial resources away from addressing their needs propelled by poverty and racism.

Mutual funds are a great investment for a number of individuals and families because they help take the worry out of making the «wrong» financial decision and possibly harming your financial future.

It's better — because if the private company has formal written agreements in place, they can at least have some recourse for compensation if someone like Phil Jones or his employer UEA loses track of their legal agreements and ends up harming the private companies financial interest by failing to supply these things to an adjudicator.

In June, EELI's request for financial disclosure statements from members of the Clean Air Scientific Advisory Committee (CASAC) was denied because «the harm to the individuals... clearly outweighs the public interest in such disclosure.»

No one ever expects to sustain physical injury and financial loss because of a medical professional; such harm is precisely what a physician is supposed to help ward off.

When you can not return to work because of the severity of your injuries, and you do not have money to pay for your medical bills, a personal injury claim may be able to provide you with financial compensation for the harms and losses you sustained.

Damages attempt to measure in financial terms the extent of harm a victim has suffered because of someone's actions.

If you've been in an accident or have suffered any type of injury, minor or serious, because another person was careless or intentionally caused you harm, you may be able to seek financial compensation by way of a personal injury claim.

Talk to a defective product attorney about any case where you've suffered financial or personal harm because of a product that was advertised incorrectly.

Sometimes our retroactive spousal support lawyers will argue there was a fear of harm by the needy spouse that caused them not to ask for support and sometimes it is for lack of resources to hire a lawyer and other times it is because the spouse who needed spousal support was mislead or not told about the real financial resources of the paying spouse.

«Ownership of virtual currency is very risky and full of speculation because there is no authority responsible,» the central banker continues, «there is no official administrator, there is no underlying asset underlying virtual currency price and trading value is very volatile so vulnerable to the risk bubble and prone to be used as a means of washing money and financing of terrorism, so that it can affect the stability of the financial system and harm the public.

This shift in responsibility from landlord to tenant has significant financial implications for the tenant because it shields the landlord from the financial or even legal implications of lawsuits, even if the landlord responsible for the harm caused.