Nov 28, 2024

Notices Aug 25, 2016

AEP INDUSTRIES (AEPI) ALERT: Johnson & Weaver, LLP Launches an Investigation Into the Fairness of Price and Process in Proposed Sale of AEP Industries Inc.; Are Shareholders Getting a Fair Deal?

SAN DIEGO, Aug. 25, 2016 /PRNewswire/ — Shareholder rights law firm Johnson & Weaver, LLP has launched an investigation into whether the board members of AEP Industries Inc. (AEPI) breached their fiduciary duties in connection with the proposed sale of the Company to Berry Plastics Group, Inc. (BERY). AEP manufactures and markets flexible plastic packaging films in North America. Johnson & …

News Aug 24, 2016

Starbucks Iced Drink Lawsuit Will Not Have Its Day in Court

Starbucks’ legal department ought to be sipping celebratory Frappuccinos right now, because a proposed class-action lawsuit against the coffee giant was just dismissed. Filed back in May in California federal court, the suit alleged Starbucks misrepresents the size of its iced beverages: While the menu advertises a tall as 12 ounces and a grande as 16 ounces, et al, the plaintiffs said that …

Legal News Aug 24, 2016

U.S. Appeals Court Strikes Down Ernst & Young Class Action Waiver

Ernst & Young LLP [ERNY.UL] cannot require its employees to give up their rights to pursue work-related claims together, a federal appeals court ruled on Monday, giving a major boost to the U.S. National Labor Relations Board’s campaign against so-called class action waivers. Companies have increasingly included provisions in employment contracts forcing workers to arbitrate …

News Aug 24, 2016

CFPB Anti-Arbitration Rule Will Harm Consumers and FinTech

“Gotcha!” That’s what the Consumer Financial Protection Bureau (CFPB) claims binding arbitration clauses in consumer finance contracts often amount to. In these clauses, consumers agree to waive their rights to sue either as individually or in class actions, as both consumers and businesses agree to be bound by the rulings of an arbitration panel in the event of a dispute. In justifying his bureau’s proposed rule to ban such clauses, CFPB Director Richard Cordray calls

Notices Aug 24, 2016

HALYARD SHAREHOLDER ALERT BY FORMER LOUISIANA ATTORNEY GENERAL: KAHN SWICK & FOTI, LLC REMINDS INVESTORS WITH LOSSES IN EXCESS OF $100,000 of Lead…

Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until August 29, 2016 to file lead plaintiff applications in a securities class action lawsuit against Halyard Health, Inc. (NYSE:HYH) and Kimberly-Clark Corporation (NYSE:KMB), if they (i) purchased …

Class-Actions Aug 24, 2016

Judge Allows Class Action Worker Wage Theft Litigation to Proceed

A district judge in California ruled last week to allow a class action lawsuit alleging wage theft to go forward, even though he remained unconvinced that McDonald’s Corporation exercises enough control over working conditions in the franchise stores to be held liable for fair wage and overtime claims. Courthouse News Service reported last week, …

News Aug 24, 2016

Op-Ed: Class Wage-And-Hour Litigation Is an Ongoing Threat

Employers face countless labor and employment challenges every day. Wage-and-hour compliance issues are near the top of that list because employers have experienced an increase in the number of class- and collective-action lawsuits filed against them, and that trend is likely to continue. Understanding the dynamics of class and collective actions and what …

Settlements Aug 24, 2016

Biloxi to Join Lawsuit Seeking More Oil Spill Money

Biloxi plans to join a class-action lawsuit against other companies besides BP that were involved in the 2010 Gulf of Mexico oil spill. The Sun Herald reports that the City Council on Tuesday hired attorneys to file a claim in a class-action lawsuit under the HESI/Transocean Settlement Program.

Class-Actions Aug 24, 2016

Lundin Law PC Files a Securities Class Action Lawsuit Against Fiat Chrysler Automobiles NV (NYSE:FCAU)

Fiat Chrysler Automobiles NV (NYSE:FCAU) has been taken to court under a class action lawsuit which is being handled by Lundin Law PC. The lawsuit is all about possible violations of federal securities laws by FCA which took place between October 29, 2014, and July 18, 2016. According to the complaint, Fiat made false and misleading statements about its business and operations.

Legal News Aug 24, 2016

US Appeals Court Rules Against EY’s Use of Class Action Wavers

The 9th U.S. Circuit Court of Appeals in San Francisco ruled 2-1 against EY, making it the second appellate court to support the NLRB’s position that federal labor law prohibits workers’ arbitration agreements from including class action waivers. On the other hand, two appellate courts have rejected the NLRB’s view, making it likely that the U.S. Supreme Court will …