Well, now that we have our hands on the details of Volkswagen’s class-action settlement, we at least know why it took so long to work out. Due to be confirmed early next week — the 26th, to be exact — it’s a complicated affair that has to take into account no less than six years of production, 45 models and countless options. We also know enough to say that it is an agreement that owners of …
Four months after 21st Century Oncology said an “unauthorized third party” had accessed 2.2 million confidential records, lawyers working on lawsuits against the cancer-care giant say they have fielded likely thousands of inquiries from worried patients. As of this week, at least 13 separate federal class-action …
Amgen Inc. will pay $95 million to settle a class action lawsuit, the company announced Wednesday. The suit was filed on behalf of shareholders who purchased Amgen stock from April 22, 2004 through May 10, 2007 and sought to recover damages for certain statements made by the Thousand Oaks biotech. Amgen believes the lawsuit has no merit and emphasizes the settlement is not an admission of guilt …
PCR aggregates all assets for ultra-high-net-worth investors and their advisors from hundreds of custom-built electronic data feeds. This new partnership automates a proprietary CCC discovery process that identifies recovery opportunities in the data streams of PCR’s clients and alerts advisors of potential actions. The advisor can then delegate the entire claims process to CCC, from the …
Index funds often benefit from a low-cost halo. They don’t all deserve to bask in that glow. Allegations of excessive index fund fees in retirement plans are at the heart of a new proposed class action lawsuit brought by New York Life Insurance Co. employees against the company.
Drivers who won a $1.8 million class-action suit against a small Ohio town over its use of red light cameras want to collect their damages — straight from the pockets of a new crop of motorists caught by the unpopular and all-seeing digital eyes. Lawyers for thousands of drivers cited in New Miami filed a class-action lawsuit in 2013 against the Butler County town of 2,000 for using an …
The $250 million gender bias suit against Merck & Co. just picked up more steam. Conditionally certified as a class action in May, the lawsuit has picked up more than 400 women to bolster allegations that the company underpaid female sales reps. Filed under the Equal Pay Act, the complaint alleges that Merck paid female reps less than male salespeople and thwarted women’s attempts to rise up …
MasterCard is facing damages claims that could reach as much as £19 billion for alleged illegal card charges between 1992 and 2008. It is claimed the global company made shops pay higher fees than they should have when customers purchased goods using their credit cards. The fees – called “interchange” – are often included into the price of the item, with experts saying shops charge more for …
A class action lawsuit charges that Anthem Blue Cross refuses to cover name-brand medication, even when there is no equivalent generic or the generic is ineffective. In the suit, K.F. Petty says that in 2007, her doctor prescribed a medication described in the suit as “Drug X” to protect her privacy.
A federal judge has given preliminary approval to a $64-million settlement to be paid to investors by two former Dana Holding Corp. top executives who were the target of a securities-fraud class action lawsuit. In an order issued this week, Judge James Carr of the U.S. District Court in Toledo tentatively approved the settlement and scheduled a hearing for Nov. 18. In the meantime, the judge …