Wells Fargo has confirmed the existence of an investigation by the Securities and Exchange Commission into its sales practices, and the bank revealed that it has almost doubled funds set aside to deal with its ongoing legal problems. The bank said in a regulatory filing Thursday that the SEC has joined other federal state and local government agencies and states attorneys general, …
Uber Technologies Inc. settled a lawsuit filed by two women who sought to hold the company responsible for alleged sexual assaults by drivers. Terms of the accord weren’t disclosed in court papers. The settlement follows a federal judge’s ruling six months ago rejecting the company’s argument that it couldn’t be blamed for sexual attacks by drivers, who it classifies as contractors rather than …
An earlier lawsuit filed by Rosen Law Firm alleged that Cognizant lacked effective internal controls over financial reporting, and that as a result of the improper payments related to 12 facilities made in India, the company’s statements about its business, operations and prospects were materially false and misleading and lacked a reasonable basis. When the true details entered the market, the …
San Francisco City Attorney Dennis Herrera Thursday filed suit against the developer of the Millennium Tower, alleging that the company knew that the luxury high-rise was sinking more than expected before it began selling units but failed to disclose the information to buyers. Herrera said the developer Mission Street Development LLC, an affiliate of Millennium …
It was a campaign ad that ignited a firestorm: Donald Trump Jr. tweeted a photo of a bowl of skittles and compared the colourful candy to Syrian refugees. Now, the man who took the photo is suing Donald Trump, Donald Trump Jr., and vice-presidential nominee Mike Pence for copyright infringement. David Kittos, an expert photographer and former Cypriot refugee, says he never gave permission and …
An attorney helping an anonymous California woman accusing Donald Trump in a federal lawsuit of raping her in the ’90s when she was 13 announced that the woman would go public for the first time Wednesday . But as the press conference was about to begin in the California offices of attorney Lisa Bloom, Bloom called it off, citing threats to the plaintiff, known in court papers as Jane Doe. …
Lundin Law PC , a shareholder rights firm, announces a class action lawsuit against Sanderson Farms, Inc. (“Sanderson Farms” or the “Company”) ( SAFM ) concerning possible violations of federal securities laws between December 17, 2013 and October 6, 2016 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during …
Wolf Haldenstein Adler Freeman & Herz LLP and Monteverde & Associates PC announce that they have filed a class action lawsuit in the United States District Court for the Northern District of Ohio on behalf of all shareholders of National Interstate Corp. (“National Interstate”) ( NATL ) who owned shares of …
Gawker Media has reached a multimillion-dollar settlement with Hulk Hogan , according to multiple reports, ending a years-long legal battle waged against it with the partial support of tech billionaire Peter Thiel. As Gawker founder Nick Denton wrote in a blog post this week announcing the settlement: “The saga is over.” The deal requires Gawker to pay Hogan (né Terry Bollea) $31 million, …
Dozens of times since beginning their work on the brains of former football players, boxers and military members who suffered repeated blows to the head, researchers have announced their findings with slides of damaged tissue, strong words about the danger of concussions and perhaps a call for sports officials to take the issue more seriously. At a Boston University medical conference …