CLEVELAND, Ohio — Investors who still own stock in Cleveland-based Cliffs Natural Resources face another round of bad news. Their stock lost more than 12 percent of value Tuesday, closing at just $2.38 a share on the New York Stock Exchange, after two investors who previously bought unsecured bonds in the company filed a class action lawsuit. The complaint, filed in a federal court in New …
The U.S. government wants to make it easier for student loan borrowers to sue their colleges when they believe they’ve been wronged. The Department of Education released a proposal Friday evening that would make it more difficult for colleges to require students to settle disputes in arbitration, a private, closed-door process that critics say prevents students from getting a fair shake when …
The law firm handling Cracker frontman David Lowery’s class action suit against Spotify has offered up an FAQ for songwriters and publishers ahead of an imminent settlement between the streaming service and the National Music Publishers Association, or NMPA. The rub? Little is known about the proposed deal, from its dollar amount to how it would be processed, so think hard — and call your …
Thomson ReutersMaya Jackson a Lyft driver holds a Lyft Glowstache during a photo opportunity in San Francisco Drivers who worked for ride-hailing service Lyft in California during the past four years would have been entitled to an estimated $126 million in expense reimbursements had they been employees rather than contractors, court documents made public on Friday show. Lyft drivers would have …
In December, in a deposition regarding one of the class-action lawsuits being brought against Trump University, Donald Trump said, “I’m dying to go to court on this case.” On Friday, however, his lawyers argued that by requesting a summer trial the plaintiffs were trying to undermine his presidential campaign. “I so look forward to having this case go to court. I’ve been waiting for it for a …
Among women, the tampon tax hasn’t been very popular, to say the least. So today, five women in New York filed a class action lawsuit to fight the much-maligned tax.
The complaint argues that sales tax for tampons and sanitary pads violates state law, which declares that medical items shouldn’t be taxed. According to the complaint, the New York State Department of Taxation and Finance “imposes a double standard when defining medical items for women and men,” since medical items also used by men — like Rogaine, foot powder, dandruff shampoo, ChapStick, facial wash, adult diapers, and incontinence pads — are tax-free. Tampons and pads, on the other hand, are exclusively used by women.
Put on your pearls and clutch hard: Starbucks has come under fire after being accused of under filling their lattes in an effort to save money on milk, as KQED reports. The class action suit, filed by one San Diego resident and one San Francisco resident, claims the coffee giant “cheats purchasers by providing less fluid ounces in their lattes than represented.” In fact, the suit accuses the …
Pomerantz LLP announces that a class action lawsuit has been filed against Apollo Education Group, Inc. (“Apollo” or the “Company”) (NASDAQ: APOL) and certain of its officers. The class action, filed in United States District Court, District of Arizona, is on behalf of a class consisting of all persons or entities who purchased Apollo securities between …
AT&T has managed to successfully tap dance around a class action lawsuit filed by customers whose “unlimited” wireless data connections were throttled without AT&T making the restrictions clear. US District Court Judge Edward Chen has told customers suing the telco for its misleading throttling practices that they can’t sue as part of a class action — because they signed a contract with AT&T …
An attorney representing Facebook users on Wednesday asked a federal judge to certify a class action against the social network over what he called its “continued systematic harvesting of private message content.” Class attorney Michael Sobol said during Wednesday’s hearing that “extensive and rather contentious and hard-fought discovery” has led plaintiffs to believe that Facebook’s source …