A Manhattan New York state appeals court on Thursday said the class action settlements should be assessed in approving a class action settlement involving a challenge by shareholders to Verizon Communications Inc’s ( VZ )$130 billion acquisition of Vodafone Group Plc’s (VOD.L)subsidiaries. The Appellate Division, First Department, decision said that shareholders and Verizon were …
A few months ago we reported that the “devil was in the details” about how Sony Playstation 3 owners could go about getting either $9 or $55 from Sony as part of a class-action settlement over a 2010 software update that removed the ability to run Linux on the popular gaming consoles. The California judge presiding over the litigation is now killing the proposed settlement amid concerns the …
Why it matters to you If you ever consider working for a gig-economy company, this case could be setting a significant precedent. The case isn’t over, but a new chapter on what was once a potential multi-billion dollar class action lawsuit might now settle in the single digit millions. California Uber drivers’ attorney Christopher Morosoff has asked a state judge to accept Uber’s offer of $7.75 …
This article is a follow-up to Wednesday’s story on the growing threat of class-action lawsuits against companies over wage-and-hour practices. The Supreme Court’s mid-January decision to take on a trio of cases related to class actions may serve to decide a hotly contested issue that’s of great economic consequence to many companies. The issue is around arbitration agreements, in which a …
Dieselgate is one step closer to becoming a distant memory as Volkswagen agrees to a cash compensation for owners of 3.0-liter diesel vehicles. Volkswagen announced today that it has submitted settlement agreements with both class-action plaintiffs and the US Federal Trade Commission. The agreements are about undeclared emissions-control devices in certain vehicles equipped with a 3.0-liter …
Bosch said Wednesday it would “continue to defend its interests in all other civil and criminal law proceedings and to cooperate comprehensively with the investigating authorities in Germany and in other countries.” Volkswagen held powerful sway over Bosch, based on the accounts in the lawsuits. The carmaker was one of Bosch’s biggest customers, with a relationship dating from the early days of …
A lawsuit was filed in federal court Monday by a team of ethics experts and legal scholars alleging that President Donald Trump’s overseas businesses violate the Constitution’s emoluments clause, which prohibits presidents from taking money from foreign governments. NPR reports that the group says it’s asking the court “to stop Trump from violating the Constitution by …
Another lawsuit has been filed against The Church of Jesus Christ of Latter-day Saints alleging sexual abuse while in a church-run program for Navajo children. The lawsuit, filed Wednesday in Navajo Nation District Court in New Mexico, accuses the LDS Church of not doing anything about the abuse in the church’s “Lamanite Placement Program,” also known as the “Indian Placement …
JPMorgan Chase & Co. has been sued by a participant in its 401(k) plan for allegedly causing employees to pay millions of dollars in excessive fees through a scheme motivated by “self-interest.” The plaintiff claims JPMorgan, as well as various board and committee members with oversight of the $21 billion retirement plan , breached their fiduciary duties by, among other things, retaining …
A Yahoo shareholder launched a class action lawsuit this week accusing the ailing tech giant of lying about and “recklessly” failing to disclose cybersecurity problems and massive data breaches, thereby violating federal securities laws and costing shareholders “significant losses and damages.” Yahoo suffered two massive breaches in 2016 hitting 1.5 billion user accounts across both incidents. …