Nov 28, 2024

Virginia HSBC Borrowers Who Lost Homes May Be Eligible for Settlement Payment

Money may be coming to thousands of Virginians who lost their homes due to foreclosure following the collapse of the housing market and the mortgage crisis. Virginia Attorney General Mark Herring says claim forms are being sent to 3,100 HSBC borrowers in the Commonwealth who lost their homes during America’s housing crisis. Those Virginians may be eligible for payments under the $470 million …



Residents Want Federal Judge to Throw Out Saint-Gobain Motion to Dismiss Class Action Suit

Residents who filed a class action lawsuit over PFOA contamination want a federal court in Vermont to throw out a company’s motion to dismiss the case. Attorneys for Saint-Gobain Performance Plastics had previously argued the case should be dismissed or stayed because the company challenged the state’s drinking water standard for PFOA, a man-made chemical that has been found …


Use of Float Income Questioned in New Fidelity Lawsuit

A new proposed class action lawsuit filed in the U.S. District Court for the Northern District of California, San Jose Division, accuses Fidelity of improperly handling “float income” that plaintiffs feel should be considered a plan asset and thus returned to plan accounts. It was just last month that the 1st U.S. Circuit Court of Appeals ruled that float income Fidelity retained in the process …


Unsatisfied Former Patient Files Class-Action Lawsuit Against Lung Institute

Diagnosed with lung disease and determined to shed her oxygen tank, Tammy Rivero resorted to an unorthodox treatment. 3 Months Ago In 2014, Rivero took out a home equity loan to pay $7,500 and traveled from her western North Carolina home to Florida to undergo stem-cell therapy at the Lung Institute in Tampa. The institute claimed she would see results in a matter of weeks, according to …


EpiPen Makers Sued for Selling Pens in Packs of 2

As the makers of EpiPen battle a firestorm surrounding price increases, a new federal lawsuit seeking class-action status argues that the company is engaging in price gouging by forcing consumers to buy the pens in packs of two. The lawsuit was filed Tuesday in the Eastern District of Michigan on behalf of …


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, …