Aug 1, 2016

Former Madoff Aide Settles Liquidation Lawsuit

Annette Bongiorno, convicted of helping former boss Bernard Madoff operate the largest Ponzi scheme ever, will now help track down stolen funds to settle litigation related to the collapse of Mr. Madoff’s investment firm. Convicted in 2014 of securities fraud and other criminal charges, Ms. Bongiorno received a six-year prison sentence. Separate from the criminal proceeding, Ms. Bongiorno and …


Private Prison Giant CCA Accused of “False and Misleading Statements”

A shareholder class action lawsuit was filed Wednesday against Corrections Corporation of America, a private prison company that was the subject of a recent Mother Jones investigation. Last week, the Department of Justice announced it would work to end its private prison contracts. The shareholders allege that CCA and its executive officers made false or misleading statements that put the …


Judge Mocks Plaintiffs in Starbucks Underfilling Lawsuit

While dismissing a proposed class action lawsuit against Starbucks for allegedly cheating customers out of a few precious ounces of cold drinks by adding ice, a federal judged mocked the plaintiffs for their apparent lack of common sense. The lawsuit claims Starbucks “systematically defrauds its customers” by adding ice to cold drinks, which means there’s less space for the liquid. To make …


Peter Thiel & Y Combinator Fund a “Litigation Financing” Startup to Make Money Off Other Peoples’ Lawsuits

Legalist is a startup founded by Thiel Fellow Eva Shang and Christian Haigh, backed by Y Combinator: it will use data-mining to identify people who have been legally wronged by deep-pocketed aggressors and offer to finance their litigation in return for a share of the winnings. report this ad This tactic, called “champerty,” used to be illegal, but as it has morphed into the more thrusting, …


Angie’s List Agrees to Pay $1.4 Settlement From Class Action Lawsuit

Angie’s List has agreed to pay $1.4 million in settlement from a class action lawsuit that was filed last year, and a look at where Indiana’s community college system ranks. The original complaint accuses Angie’s List of manipulating search results and reviews. The person who led the lawsuit said it wasn’t bad until she left a bad review for …


3 More Bay Area Counties Sued Over High Jail Phone Rates

Three more Bay Area counties are facing class action lawsuits for the cost of phone calls to and from jails, an expensive process that critics argue unfairly burdens inmates’ families by making them pay excessive fees to keep in touch with loved ones. A group of attorneys who have already filed several lawsuits on the matter in Southern California filed their fourth lawsuit in …


Long Beach Class-Action Motion Denied

The man who sought to represent all 154 Long Beach leaseholders in a class-action lawsuit against the town may continue his own push against the leases and changes carried out by Rockport officials. But a Lawrence Superior Court judge has ruled that Stephen Sheehan — and any other Long Beach tenants who wish to challenge their leases — will have to do so individually, not as a …


Attorneys Fees Ruling Comes in ‘hot Fuel’ Case

Attorneys who represented consumers in “hot fuel” class-action cases — contending overcharges for gasoline that expands in the heat — should receive $18.9 million for their legal work, a federal judge in Kansas ruled this week. The decision comes after earlier still-contested settlements in the case, where some companies agreed in early 2015 to give station owners $23 million to fix their fuel …