A participant in the Seventy Seven Energy Inc. Retirement & Savings Plan has filed a lawsuit on behalf of the plan and a class of similarly situated participants in the plan against the 401(k) Fiduciary Committee, other plan fiduciaries, as well as Delaware Charter Guarantee & Trust Company d/b/a Principal Trust Company. The lawsuit alleges that Committee Defendants and Principal Trust …
Unionized workers and other individual and institutional investors a $165 million all-cash settlement on Wednesday in connection with losses from securities issued by, NovaStar Mortgage Inc, The Royal Bank of Scotland (RBS), Wells Fargo, and Deutsche Bank. This settlement will end the nine-year class action lawsuit if approved by the U.S. District Court. The class action lawsuit settled on …
The number of securities class action settlements approved by U.S. courts in 2016 was 85, the highest level since 2010, according to a report issued Wednesday by Boston-based Cornerstone Research. Total settlement dollars approved in 2016 was $5.99 billion, or almost double 2015’s $3.07 billion, according to the report, “Securities Class Action Settlements – 2016 Review and Analysis.” A total …
A Maine labor dispute appeal decided on Monday hinged on perhaps the nerdiest, most contentious punctuation debate of all — the Oxford comma. The U.S. First Circuit Court of Appeals ruled in favor of a group of Oakhurst Dairy truck drivers, who sued the company’s owners three years ago for unpaid overtime wages. The decision overturns an earlier U.S. District Court judgment in …
Goldberg Law PC announces the filing of a class action lawsuit against Netflix, Inc. (“Netflix” or the “Company”) (Nasdaq: NFLX). Investors who purchased or otherwise acquired Netflix shares between July 22, 2014, and October 15, 2014, inclusive (the “Class Period”), are encouraged to contact the firm in advance of the May 1, 2017 lead plaintiff deadline. If you …
Kansas City-based Federal Judge Ortrie Smith approved a settlement in a nationwide class action lawsuit that has Missouri roots. The case involved a Missouri man’s lawsuit against Remington Arms Company for a faulty trigger.
Turning aside objections from gun owners, legal experts and nine state attorneys general, a federal judge has given final approval to a landmark class action settlement involving some 7.5 million allegedly defective Remington guns, CNBC reports this morning. The ruling allows the owners of some of Remington’s most popular firearms — including the iconic Model 700 rifle — to have …
Investors have agreed to settle a nine-year class-action lawsuit against Kansas City-based NovaStar Mortgage Inc. and three Wall Street banks over investment losses tied to subprime mortgages. The settlement calls for a $165 million cash payment from NovaStar Mortgage, Royal Bank of Scotland, Wells Fargo and Deutsche Bank, according to a statement from the investors’ attorneys. All four had …
Goldberg Law PC announces the filing of a class action lawsuit against Kandi Technologies Group, Inc. (“Kandi” or the “Company”) (Nasdaq: KNDI). Investors who purchased or otherwise acquired Kandi shares between March 16, 2015, and March 13, 2017, inclusive (the “Class Period”), are encouraged to contact the firm in advance of the May 15, 2017 lead plaintiff …
Providence Health Plan has agreed to pay $10,000 each to two families whose boys were denied coverage for autism therapy and about $638,000 in attorney fees under a settlement reached in federal court. Providence Health Plan also agreed to never use the Developmental Disability Exclusion to deny coverage of behavioral therapy for autistic children under the settlement. U.S. District Judge …