Hot Topics

Nov 1, 2016

Notices Nov 11, 2016

SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of the Board of Directors of Brocade Communications Systems, Inc. -BRCD

SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of The Board of Directors of Brocade Communications Systems, Inc. -BRCD News provided by Brodsky & Smith, LLC Nov 09, 2016, 21:35 ET Share this article BALA CYNWYD, Pa. , Nov. 9, 2016 /PRNewswire/ — Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Brocade …

News Nov 11, 2016

Exxon Faces Climate Disclosure Lawsuit

The world’s first shareholder-led lawsuit over alleged inadequate disclosures of climate risk has been filed against Exxon. ClientEarth thinks it could be the first of many such legal actions. The filing of the case, in the US, follows revelations in Exxon’s third quarterly financial reports that it may be forced to write down nearly 20% of its oil and gas assets (the equivalent of 3.6 billion …

Class-Actions Nov 11, 2016

OPINION: SCOTUS Hasn’t Looked at Class Action Settlement in 17 Years. Time to Revisit?

The last time the U.S. Supreme Court ruled on a challenge to an approved class action settlement, AOL ruled the Internet, Bill Clinton was president and Donald Trump was months away from considering a run for the presidency in an October 1999 interview with Larry King. It was a long time ago, in other words. The National Football League and plaintiffs’ lawyers representing a …

News Nov 11, 2016

Questions Raised About Official IRS Non-Profit Status of ADA Serial Lawsuit Filers

Valley attorneys and business owners are raising questions about the non-profit status of a controversial group that’s become the nation’s most prolific filer of disability lawsuits. Advocates for Individuals with Disabilities (AID) has filed more than 1,700 lawsuits in the Phoenix area since February. Almost all of the lawsuits are filed over signage issues in parking lots and allege …

Lawsuits Nov 11, 2016

US Judge Encourages Settlement in Trump University Lawsuit

A US federal judge has encouraged lawyers involved in a class-action lawsuit against President-elect Donald Trump’s now-defunct university to settle the case out of court. US District Judge Gonzalo Curiel, whom Trump accused of bias during the campaign because of his Mexican heritage, said at a hearing in San Diego, California, yesterday that another judge had offered to work with both sides on a possible settlement. …

News Nov 11, 2016

Thousands Call for EU to Support Florence Against McDonald’s Lawsuit

In one day, the petition has amassed over 24,000 signatures, leaving it just a few hundred away from completion. The American fast food chain filed the lawsuit against Florence last week, following the city’s refusal to let the golden arches set up shop in the famous Piazza del Duomo. McDonald’s accused mayor Nardella of back-tracking on his original decision, and claimed it had lost out on …

News Nov 11, 2016

Bombshell Lawsuit! Casey Kasem’s Daughter Suing Ex Biz Partner for ‘Ransom’ Scam

The daughter of the late radio legend, Casey Kasem , has headed to court accusing a filmmaker of trying to extort her for $100,000 RadarOnline.com has exclusively learned. Kerri Kasem and the charity she founded, Kasem Cares, filed suit against Cameron Glenar and his company Rose Street Productions , claiming that he is refusing to hand over footage for the documentary they worked on focusing …

Securities Nov 11, 2016

ChinaCast Files for Chapter 11 to Pursue Embezzlement Claims

ChinaCast Education Corp. took shelter in New York bankruptcy court from investors holding a $65.8 million judgment over the alleged corporate looting that brought down the now-defunct e-learning company. Wednesday’s chapter 11 filing will allow ChinaCast to continue pursuing its former executives for alleged embezzlement and securities fraud while shielding it from a pending investor class- …

News Nov 11, 2016

Lisnr CEO Says Class Action Over Indianapolis Colts App ‘Just a Really Bad Lawsuit’

PITTSBURGH – The chief executive officer of Lisnr Inc. – one of three parties along with the Indianapolis Colts and Yinzcam named as defendants in a class action lawsuit claiming that a mobile app can listen in on the user’s conversations without consent – said the lawsuit contains a lot of false information. “This is just really a bad lawsuit,” Lisnr CEO Rodney Williams told the Pennsylvania …