Asset managers that limit employee retirement plan investment choices to proprietary, in-house mutual funds are putting a legal target on their backs, attorneys said. In the context of a rash of lawsuits by employees against financial services companies alleging breach of fiduciary duty in managing 401(k) plans, asset management companies that populate their retirement plans solely with house …
Approximately 800 members in a class action lawsuit recently won a case against the North Carolina Department of Transportation (NCDOT) and its Roadway Corridor Official Map Act. The decision in the case, Kirby v. NCDOT, was made June 10 by the North Carolina Supreme Court. The court ruled that limitations handed down on property owners under the Map Act …
A class action lawsuit filed June 30 against Samsung in the U.S. District Court for the Eastern District of Pennsylvania centers on an alleged defect that attorneys believe has affected hundreds of thousands of people nationwide. “This concerns a defective drain pump (that) causes leaks and that can explode, causing damages,” Greg Coleman, founder and managing partner of Greg …
Well, this is kind of a mess. On Thursday, Apple was hit with yet another class action lawsuit, the suit alleging that the company has been replacing damaged devices under AppleCare+ with refurbished units. This isn’t the first suit of its kind in this regard and similar suits have been filed in the past.
Apple has been presented with a class-action lawsuit filed by customers who say the expensive electronics giant replaced their damaged devices with used models. More specifically, the suit [PDF] filed to the Northern California District Court alleges the Cupertino behemoth has been replacing damaged or defective devices with factory-refurbished units that were presented as new. According to the …
Yakima Valley farm workers involved in a class-action lawsuit since 2012 against a management company for wrongful firing will receive their settlement payments Sunday according to a news release from Columbia Legal Services. NW Management and several other companies agreed to a settlement payment after several years of litigation according to the news release. Columbia …
NEW YORK An Arab-American family whose business and personal bank accounts were closed in 2014 without explanation can sue JPMorgan Chase for racial discrimination, a federal judge in Detroit has ruled. Filed in February, the lawsuit by Najah Manni, his wife Kathy and their two children says the largest U.S. bank further discriminated against them by terminating a contract with their debt …
When Connecticut State Treasurer Denise Nappier announced Wednesday that the state retirement fund, as the lead plaintiff in a securities class action against the biotech company Amgen, had settled the case for $95 million, I was startled to realize the litigation was still going on. It’s been a while, after all. Investors first sued Amgen all the way back in 2007 for (among other …
Lundin Law PC announces a class action lawsuit has been filed against Emergent BioSolutions, Inc. (“Emergent” or the “Company”) (EBS) concerning possible violations of federal securities laws between January 11, 2016 and June 21, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact …
Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Oracle Corporation (“Oracle” or the “Company”) (NYSE: ORCL). Investors who purchased or otherwise acquired shares between September 16, 2015 and June 1, 2016 (the “Class Period”) are encouraged to contact the firm in advance of the August 1, 2016 lead plaintiff …