Yirendai, the first Chinese peer-to-peer lender that went public in US, was getting into several class action lawsuits on share price decline in US stock market, as foreign investors concerned about the regulation taken out by the Chinese government would hit the firm. New York and New Jersey-based law firm Bronsteinï¼Gewirtz & Grossman filed lawsuit on Yirendai of “materially false misleading …
Several class action lawsuits against washing machine manufacturers in the U.S. have reached preliminary settlements. One lawsuit alleges that LG front-loading washers had a tendency to develop mould and odour. LG has not admitted to any wrongdoing, and the court has not made a decision about who is in the right.
More than three years after the NFL and a class of thousands of former players agreed on terms of the settlement of the concussion class action, the settlement still won’t be finalized. Contrary to a report in the New York Post that the remaining players objecting to the deal had failed to file petitions for appeal with the U.S. Supreme Court by Monday’s deadline, at least one petition was …
Law.com reports that a Chadbourne & Parke litigation partner, Kerrie Campbell, has filed a $100 million class action lawsuit against the firm on behalf of current and former female partners, alleging gender discrimination: The suit alleges that female partners have been excluded from positions with decision-making authority, and help;
The Fair Labor Standards Act of 1938, or FLSA, protects workers by (1) requiring a minimum wage, (2) mandating overtime pay for work exceeding 40 hours in a workweek, (3) prohibiting child labor, and (4) requiring employers to keep accurate time records. There’s a problem, though. Consider an individual worker with a solid wage claim.
Subaru of America could put new engines in vehicles under an agreement to resolve a class-action lawsuit against the …
CCA, together with its subsidiaries, owns, operates, and manages private prisons and other correctional facilities in the United States, and provides inmate residential and prisoner transportation services for governmental agencies. The complaint alleges that CCA and certain of its executive officers made a series of false and misleading statements and/or failed to disclose to investors during …
A federal district judge in California has approved a settlement of a class-action lawsuit against Mercedes-Benz over faulty roof air conditioners in Sprinter vans. The settlement extends the warranty on about 10,000 Freightliner and Mercedes Sprinter vans nationwide, attorneys representing plaintiffs in the case said. Customers said the air conditioners leaked so much water, it seemed to be …
Can employers still require employees to sign arbitration agreements with class action waivers as a condition of employment? Last week, the Ninth Circuit became the second appellate court to adopt the National Labor Relations Board’s (“NLRB”) position that class action waivers violate the National Labor Relations Act (“NLRA”) in Morris v. Ernst & Young LLP. In February 2012, the plaintiffs …
While initially calling out 16 lawyers for possible sanctions on both sides of a class action settlement, a federal judge has ordered five of those attorneys to be sanctioned. The five lawyers that were reprimanded are D. Matt Keil, John C Goodson, Jason Earnest Roselius, Martin Weber Jr. and Richard E. Norman.