Feb 1, 2017

Ex-Mead Johnson Director Files Whistleblower Suit Over ‘Defective’ Baby Formula

A former longtime Mead Johnson employee alleges the Glenview-based company fired her for raising safety concerns, including not telling consumers about potentially spoiled baby formula. Linda O’Risky, who spent more than 25 years at Mead Johnson, claims in a lawsuit filed today that the company attempted to “whitewash and downplay” the issue related to its popular ready-to-use infant formula. …


Class Action Lawsuit Claims Swedish Fish Packaging Uses 63 Percent Slack-Fill

An unhappy customer has filed a class action lawsuit against an international snack company over allegations that it shortchanged her with the amount of product in its candy packaging. Tamika Daniel of Brooklyn, New York, has accused Mondelez International of fraud and negligent misrepresentation. Daniel alleges the company has been selling products with too …


DOL Fiduciary Rule Class-Actions Costs Could Top $150M a Year

Assuming the Department of Labor’s fiduciary rule survives the river of legal and legislative challenges, the brokerage industry should expect to absorb between $70 million and $150 million annually in class-action litigation costs. The price-tag range, calculated by Morningstar senior equity analyst Michael Wong, is on top of the $1.5 billion annual cost to the industry, as estimated by the …


Did Donald Trump’s Nordstrom Tweet Open Him Up to a Lawsuit?

Ethics watchdogs who have long warned of the potential conflicts posed by the Trump family’s business interests were quick to cry foul on Wednesday. Importantly, they also saw it as a potential new opening to take Trump to court. Currently, the most high-profile legal challenge to Donald Trump’s business empire concerns what is known as the Emoluments Clause in the U.S. Constitution, which bars …


Pueblo County Seeks to Join EPA Stormwater Lawsuit Against Colorado Springs

Fountain Creek and its tributaries were degraded, eroded and widened, and those waters combined with surface runoff to create excessive sedimentation and substandard water quality, audits by the Environmental Protection Agency found in 2013 and 2015. The city’s failures since 2009 violated its federal storm sewer system permit, the EPA reported, with the Department of Justice filing the lawsuit …


DC Jurors Hit With ‘deceptive’ Debit Card Fees From JPMorgan Chase

While jury duty is a civic responsibility, it can sometimes be an expensive inconvenience: A new lawsuit says jurors in D.C.’s Superior Court face exorbitant fees charged by a bank that deprives them of the maximum payment of $34 per day. Attorneys for William Mark Scott, a lawyer himself, have filed a class action suit against JPMorgan Chase & Co. in D.C. federal court for unjust …


Supreme Court Mulls Case That Would Trim Fees in Class Actions

The U.S. Supreme Court is expected to decide as early as next week whether to hear the appeal of a Sixth Circuit decision upholding a class-action settlement that distributed only $1.6 million to consumers but yielded $2.4 million for the attorneys who represented them. Objectors and the attorneys general of 17 states urge the court to take the case and hand down tighter rules on how lower courts consider the value of a settlement for calculating legal fees. …



Investor Alert: GPM Reminds Investors of the February 21 Deadline in the Class Action Lawsuit Against Universal Health Services, Inc.

Glancy Prongay & Murray LLP (“GPM”) reminds investors of the February 21, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Universal Health Services, Inc. (“Universal Health” or the “Company”) (NYSE: UHS) securities between February 26, 2015 and December 7, 2016, inclusive (the …


What’s at Stake in Melania Trump Lawsuit: The First Lady’s Reputation, Earning Potential

First lady Melania Trump is — in and of herself — a “brand,” one that could elicit lucrative endorsement opportunities, according to a lawsuit refiled by her attorneys on Monday. The lawsuit, filed in New York Supreme Court, argues a now-retracted Daily Mail Online article published last August that falsely alleged the first lady once worked for an escort service has damaged her reputation to …