Calumet is an unincorporated community in Mount Pleasant Township, Westmoreland County, Pennsylvania, United States. Although the United States Census Bureau includes it in a census-designated place with the nearby community of Norvelt, they are in reality two very different communities, each reflecting a different chapter in how the Great Depression affected rural Pennsylvanians. Calumet was a typical "patch town", built by a single company to house coal miners as cheaply as possible. The closing of the Calumet mine during the Great Depression caused enormous hardship in an era when unemployment compensation and welfare payments were non-existent. On the other hand, Norvelt was created during the depression by the US federal government as a model community, intended to increase the standard of living of laid-off coal miners.

What is securities law?

A security is a type of transferable interest representing financial value. Securities may take a number of different forms, including stocks, bonds, notes, collateral trust certificates, voting trust certificates or investment contracts. Securities attorneys represent clients in transactions and legal disputes related to stocks, mutual funds, bonds, and initial public offerings (IPOs). Securities attorneys may represent a corporation or shareholders in a securities fraud lawsuit against officers and directors of the corporation, or may assist clients in matters involving the Securities and Exchange Commission (SEC).

Answers to securities law issues in Pennsylvania

A securities class action is a lawsuit brought on behalf of a group of investors who have suffered an economic loss...

Insider trading refers to the trading of a company’s stocks or other securities by individuals with access to...