Securities Investors Association (Singapore), or SIAS, announced this week that it will not hesitate to take errant companies to court – representing minority investors in class-action suits more commonly seen in jurisdictions like the United States. The association’s announcement begs the question: is such an action a viable alternative for minority investors here seeking…
Next week looms large in the troubled history of 12 provincial residential facilities, including locations in Oro-Medonte Township and Muskoka. Ontario Superior Court Justice Edward Belobaba will decide Monday whether to approve a $36-million settlement reached last fall between the province and the Toronto-based legal firm acting on behalf of former residents at a dozen facilities like the…
Volkswagen said it has reached a framework agreement with class action plaintiffs in U.S. court proceedings on Thursday. The accord with class action plaintiffs will result in “a comprehensive settlement” in coming weeks, Volkswagen (VW) said in an emailed statement published by its Wolfsburg, Germany-based headquarters. The German carmaker and the U.S. Justice Department…
The sources told NBC News and NBC station WDIV of Detroit that state Attorney General Bill Schuette will announce criminal charges against two employees of the state Department of Environmental Quality and one who works for the City of Flint. Reuters reported that Attorney Valdemar Washington, who represents the residents in the lawsuit, said they were considering filing an appeal of O’Meara’s…
A class-action lawsuit targeting a company behind a line of cigarettes touted as natural has moved to U.S. District Court in Albuquerque. Three men from California, New York and Florida are suing the maker of American Spirit cigarettes, Santa Fe Natural Tobacco Co., and its parent company, Reynolds American Inc. The plaintiffs say the cigarette maker’s marketing deliberately tries to mislead…
VANCOUVER — WestJet is rejecting allegations made by a former flight attendant that it fails to provide a harassment-free workplace for its female employees, saying it would not put its reputation at stake by inadequately dealing with complaints. The Calgary-based airline’s response to a civil claim, filed this week in British Columbia Supreme Court, argues against granting class-action status…
A who’s who of area charities – 855 of them – are named as plaintiffs in the $80-million bingo class-action lawsuit against Windsor and Tecumseh. It’s a list of every single group that ever took out a bingo licence over two decades. Some — like the group Friends of Chris Lori, the former bobsled driver who hasn’t competed since the late 1990s — don’t even exist anymore.
With the Labor Department’s fiduciary rule finalized, are some advisors now a target for lawsuits? Experts suggest that the threat of litigation – which exists because the rule provides clients with the right to legal action – could push some firms to change business models and spur some advisors to exit the business. “Litigation is one area where firms are particularly…
The defendants in a class action lawsuit, brought by a Florida chiropractor against a group of insurers for allegedly breaching a patient’s insurance agreement, recently decided to withdraw their request to separate discovery into two phases. On April 1, Garrison Property & Casualty Insurance Company, USAA Casualty Insurance Company, USAA General Indemnity Company and…
A Vancouver Island-based lawsuit against the cold remedy Cold-Fx is a lawyer-manufactured action in search of a victim and not worthy of class-action certification. Or at least that was the argument advanced by lawyers for the drug giant Valeant Pharmaceuticals earlier this month in a New Westminster courtroom. To be certified, an applicant must show the existence of a…