Apr 1, 2016

Notices Apr 13, 2016

SHAREHOLDER ALERT Levi Korsinsky, LLP Announces It Has Filed a Class Action Lawsuit on Behalf of FirstMerit Corporation Shareholders and Announces a Lead Plaintiff Deadline of June 13, 2016 – FMER

NEW YORK, April 12, 2016 — The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased shares of FirstMerit Corporation (“FirstMerit”) (NASDAQ:FMER) prior to the January 26, 2016 merger announcement. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the Northern District of Ohio, Eastern Division. …

Notices Apr 13, 2016

SHAREHOLDER ALERT Levi Korsinsky, LLP Notifies Shareholders of Apigee Corporation of Class Action Lawsuit – APIC

NEW YORK, April 12, 2016 — The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Apigee Corporation (“Apigee” or the “Company”) (NASDAQ:APIC) pursuant or traceable to the Company’s April 24, 2015 initial public offering. You are hereby notified that a securities action has been commenced in the Superior …

Lawsuits Apr 13, 2016

Lawsuits Charge That 3M Knew About the Dangers of Its Chemicals

For decades 3M was the primary producer of C8, or PFOA, and was the sole producer of a related chemical known as PFOS. But while DuPont was caught up in a massive class action suit over C8, 3M has largely avoided public scrutiny and serious legal or financial consequences for its role in developing and selling these industrial pollutants. In February, however, a state court in Minnesota, where …

Legal News Apr 13, 2016

Courthouse Doors Creak Open for Clients

When clients enter their financial advisors’ offices and express frustrations about a retail bank’s mistakes or overcharges, the damages are usually too small to merit any individual legal action. “It’s $24 here and $45 there, and often there is very little you can do,” says Debra Brennan Tagg, managing director of Brennan Financial Services in Addison, Texas. But, it is expected that when the …

Lawsuits Apr 13, 2016

Minorities Say Denver Job Tests Discriminated; Seek $18 Million

Hundreds of black and Latino job applicants have accused Denver of discriminating against them by giving them an employment test that was not validated and that favored non-minorities. The city admits that the test discriminated in eight of 21 job classifications, so the federal trial that began Monday mostly revolves around the amount of damages claimed by more than 900 plaintiffs. Plaintiff …

Settlements Apr 13, 2016

Goldman Sachs Will Pay $5B for Fraudulent Sales of Toxic Debt, No One Will Go to Jail

No one at Goldman Sachs will go to jail despite the company’s world-destroying, multi-billion-dollar frauds that culminated in its unloading billions’ worth of worthless mortgage-backed securities on its customers just before the crash. Goldman’s settlement requires it to admit that it knowingly committed these frauds for years on end. Again, no one will go to jail.

News Apr 13, 2016

Coke Admits Vitaminwater Isn’t That Healthy

If you were convinced drinking Vitaminwater — a Coca-Cola product — was improving your eyesight and leaving you more physically and mentally healthy, it might have been a placebo effect. A court has approved a settlement agreement between Coca-Cola and the Center for Science in the Public Interest in a class-action lawsuit over the drink and the claims on …

News Apr 13, 2016

It’s Back to the Drawing Board for Lyft Class Action Settlement

When the ride-hailing company Lyft agreed to settle a proposed class action with its drivers, commentators noted that the tech company was getting off easy. For $12.5 million and some small concessions that did not include classifying drivers as employees, Lyft could have escaped a major challenge to its business model. Except, just a few months after the deal was struck, a federal judge …

Lawsuits Apr 13, 2016

California Protects Pay by Gender, Is Race Next?

Just as California businesses begin to implement a law requiring equal pay for workers regardless of their gender, already the toughest of its kind in the nation, a state lawmaker is seeking to expand it to protect employees from racial discrimination. The proposal by Sen. Isadore Hall would build on California’s existing fair pay law by adding “race or ethnicity” to …

Lawsuits Apr 13, 2016

Detroit Public Schools Sues State Officials for Civil Rights Violations

Another week, another lawsuit naming Michigan Governor Rick Snyder as the defendant. The Detroit Free Press reports that on April 7, the Detroit Public Schools board of education filed a federal lawsuit against the state. The suit alleges that the state’s emergency management of the district resulted in the violation of students’ civil rights.