Index funds often benefit from a low-cost halo. They don’t all deserve to bask in that glow. Allegations of excessive index fund fees in retirement plans are at the heart of a new proposed class action lawsuit brought by New York Life Insurance Co. employees against the company.
Drivers who won a $1.8 million class-action suit against a small Ohio town over its use of red light cameras want to collect their damages — straight from the pockets of a new crop of motorists caught by the unpopular and all-seeing digital eyes. Lawyers for thousands of drivers cited in New Miami filed a class-action lawsuit in 2013 against the Butler County town of 2,000 for using an …
The $250 million gender bias suit against Merck & Co. just picked up more steam. Conditionally certified as a class action in May, the lawsuit has picked up more than 400 women to bolster allegations that the company underpaid female sales reps. Filed under the Equal Pay Act, the complaint alleges that Merck paid female reps less than male salespeople and thwarted women’s attempts to rise up …
MasterCard is facing damages claims that could reach as much as £19 billion for alleged illegal card charges between 1992 and 2008. It is claimed the global company made shops pay higher fees than they should have when customers purchased goods using their credit cards. The fees – called “interchange” – are often included into the price of the item, with experts saying shops charge more for …
A class action lawsuit charges that Anthem Blue Cross refuses to cover name-brand medication, even when there is no equivalent generic or the generic is ineffective. In the suit, K.F. Petty says that in 2007, her doctor prescribed a medication described in the suit as “Drug X” to protect her privacy.
A federal judge has given preliminary approval to a $64-million settlement to be paid to investors by two former Dana Holding Corp. top executives who were the target of a securities-fraud class action lawsuit. In an order issued this week, Judge James Carr of the U.S. District Court in Toledo tentatively approved the settlement and scheduled a hearing for Nov. 18. In the meantime, the judge …
Employees are used to being disciplined at work. People who habitually arrive late for work each day are prime candidates and others who refuse to follow company policies can also end up in an employer’s cross hairs. But what about the things you do during your off-work hours?
An ex-customer of Theranos, located in Arizona, filed a class-action suit against the biotech company for faulty blood testing conducted at a blood draw location inside Walgreens. The man, initialed only as R.C. is also suing the pharmacy chain. …
The City of St. Louis must refund $750,400 to the 21,000 people who paid “warrant recall fees” in the past seven years. On July 19, St. Louis Circuit Court Judge David Dowd gave final approval on a class-action lawsuit settlement with the city – which also deemed that St. Louis can never charge these fees again. In St. Louis, if you missed a court date regarding a warrant fee, the court would …
CALGARY – Enbridge Inc. has reached a US$177-million settlement with the U.S. government six years after two major pipeline ruptures fouled rivers in the Midwest and damaged the company’s reputation. The settlement announced Wednesday includes US$61 million in fines for violations of the Clean Water Act related to a pipeline spill near Marshall, Mich., that sent more than 3.19-million litres of …