Canadian gold miner Rusoro Mining Ltd. (TSXV: RML) has been awarded more than $1 billion after a World Bank tribunal said Venezuela unlawfully seized the company’s gold mine, according to news reports and a news release from Rusoro. The company says it was awarded damages of $967.77 million plus interest, taking the total above $1.2 billion. Rusoro says it filed an arbitration request in July …
The federal judge overseeing a proposed class action settlement involving millions of allegedly defective Remington firearms says the parties can go ahead with a revised plan to notify gun owners of their right to get the triggers replaced. But in a unique twist, the judge is delaying final approval of the settlement until he sees how many people file claims. The case involves Remington’s …
Governments, investors and car owners around the world are gaining ground in efforts to pressure Volkswagen AGVLKAY -0.82 % for settlements over its emissions-cheating scandal, aiming for terms similar to a $15 billion U.S. agreement. From Australia to South Korea to Ireland, governments and consumers are ratcheting up legal and regulatory demands in part because such moves in the U.S. yielded …
The vast majority of consumers want to know they can seek their day in court if they get in a beef with a bank. That’s the main takeaway of a report last week from the Pew Charitable Trusts, which examined so-called mandatory arbitration clauses in bank contracts. These are the provisions that say you can’t sue or join a class-action lawsuit, and if you want to settle a dispute, you have to …
SunTrust Banks’ decision at the onset of the recession to allow its employee retirement plan to continue investing in bank stock as it sustained billions in losses and the housing market collapsed is at the heart of multidistrict litigation that a federal judge has said will now proceed against the banking company as a class action. …
On Thursday, a U.S. District Court in San Francisco rejected a settlement Uber Technologies has reached with thousands of its drivers following a couple of class-action lawsuits as being unfair and unreasonable for drivers. Both sides were ordered to discuss the issue again in private and show up in court Sept. 15. Uber agreed to review its stance, but said that the April …
THE FASHION LAW EXCLUSIVE – Zara has been hit with a massive lawsuit alleging that it is engaged in the widespread practice of deceiving American consumers through a classic bait and switch scheme in connection with its pricing. The $5 million-plus proposed class action lawsuit, which was filed by Devin Rose in the United States District Court for the Central District of California, a federal …
Some of the fine print on bank account, credit card, and loan forms may soon get a rewrite that restores legal rights millions of Americans unknowingly waive when they swipe a piece of plastic or borrow money. Monday is the deadline for public comment on a federal Consumer Financial Protection Bureau proposal to curb so-called “forced arbitration” clauses — dense language buried deep in the …
Now, the delaying has been put to a halt, and the plaintiffs are finally about to have their true day in court. On Tuesday, a Superior Court judge will begin hearing arguments in what is known as a summary judgment proceeding. The plaintiffs will attempt to prove that they have enough evidence to forego a trial and prove that Canada had an obligation in law to ensure that indigenous children …
A key U.S. Supreme Court decision has derailed a scheme that netted one so-called “professional plaintiff” more than $230,000 in individual settlements. The plaintiff, Cory Groshek of Green Bay, Wisc., applied for more than 500 jobs over the course of a year and a half, hoping to catch potential employers violating a disclosure requirement of the Fair Credit Reporting Act (FCRA) …