Nov 25, 2024



Wells Fargo Shareholders File Class Action, Allege Bank Execs ‘concealed’ Source of Record Sales

SAN FRANCISCO (Legal Newsline) – Wells Fargo shareholders this week filed a class action lawsuit against the bank, its chairman and CEO, CFO and the former head of its community banking division, alleging the Wells Fargo executives “concealed” the fact that the source of the bank’s record so-called “cross-selling” was based on fraudulent activity. “While bragging about the Company’s cross- …


Four States File Lawsuit to Block Internet Transfer

The agency has been a part of the U.S. Commerce Department since the Internet was fashioned, but President Obama has indicated that the agency will become independent of the U.S. government on October 1, when the current contract to operate it through the National Telecommunications and Information Administration expires. The lawsuit filed by the states of Arizona, Texas, Oklahoma, and Nevada, …



NFL Concussion Deal Challenged at High Court

The National Football League’s $1 billion concussion settlement should be rejected, according to a Supreme Court petition filed Sept. 26. The deal unfairly denies compensation to some former players and circumvents due process standards for class action settlements, the petition says. The settlement would create a compensation plan for more than 20,000 former …


Yahoo Hack Attack Lawsuits Starting to Pile Up

Yahoo’s humongous hack attack is far from over, y’all. It now has folks screaming — “Show me the money!!” Yep, the first lawsuits are rolling in from pissed off users after Yahoo announced 500 million accounts were breached.


Lawsuit Against the State on Behalf of Mentally Ill Inmates Given Class Action Status

A federal judge has granted class action status to a lawsuit filed against the state of Utah on behalf of several mentally ill prison inmates. The Disability Law Center is suing the state on behalf of three inmates in Utah jails, alleging that they’re being held unconstitutionally while they wait to get treatment at the Utah State Hospital. Aaron Kinikini is the center’s legal director.


UEC Gains After Court Dismisses Lawsuit (UEC)

Shares of Uranium Energy Corp. (UEC) gained nearly 1% in early morning trading on news that the company won a dismissal in a case before the United States District Court for the Southern District of Texas. The court issued a final judgment in favor of the uranium firm by dismissing a class-action lawsuit against the company. “The Court dismissed the action in its entirety with prejudice to the …


Shareholders Suing Navistar Say $9M Settlement Best Way to End Suit Over Low-Emissions Engine Claims

Truck maker Navistar has moved nearer the end of the road in a legal fight over whether it had misled investors about its chances to build a new truck engine both in line with federal emissions requirements and superior to those made by competitors, as a group of shareholders have asked a federal judge to sign off on a $9.1 million settlement deal. On Sept. 28, attorneys for the shareholders …