Nov 26, 2024

$165M Settlement Reached in NovaStar MBS Class Action

A $165 million cash settlement has been reached in a class-action lawsuit that alleged investors were misled about the safety of mortgage-backed securities comprised of loans originated by now-defunct subprime lender NovaStar Mortgage Inc. The settlement with Deutsche Bank, NovaStar, Royal Bank of Scotland and Wells Fargo is pending approval by the U.S. District Court in the Southern District …




How to Make Sure a Lawsuit Doesn’t Take Down Your Business

Your business has been performing well for years, turning a profit and continuing to grow. Then, out of the blue, you get served with a lawsuit. If you aren’t prepared for this scenario, you’re putting your business in jeopardy. Asset protection is a near 50-year-old specialization of debtor-creditor law, where niche business attorneys and consultants will seek to structure business and personal assets in such a fashion to where they become somewhat invulnerable to creditor civil judgments. It’s important to note, however …


Plaintiffs in U.S. Lawsuit Say Monsanto Ghostwrote Roundup Studies

Employees of Monsanto Co ghostwrote scientific reports that U.S. regulators relied on to determine that a chemical in its Roundup weed killer does not cause cancer, farmers and others suing the company claimed in court filings. The documents, which were made public on Tuesday, are part of a mass litigation in federal court in San Francisco claiming Monsanto failed to warn that exposure to …


Court OKs Settlement for Owners of Sex Toys That Shared Details of Their Use

For those betrayed even by their sex toys, a reward awaits. An Ottawa-based company has agreed to compensate owners of its Bluetooth-enabled high-end vibrator, We-Vibe, for collecting data on how they were using the devices without their consent. The company, Standard Innovation, settled a class-action lawsuit last week in Illinois federal court.


Family of 19-Year-Old Shot by Police Announces Lawsuit and Releases Video

The family of 19-year-old Henry Bennett III who was shot and killed by a officer last year, has filed a federal lawsuit against the Palm Beach Sheriffs Office. The suit was filed Tuesday, followed by the release of dashcam footage allegedly showing the Deputy and Bennett III the night of the shooting. Dashcam video of Henry Bennett shooting by PBSO deputy in Belle Glade in 2016. …


Alabama Town Agrees in Settlement to Stop Operating Debtors’ Prison

The settlement has been preliminarily approved by the U.S. District Court in Montgomery. The court will hold a final hearing in August to decide whether to formally approve the agreement. In a town where almost 30 percent of the population lives below the poverty line, at least 190 impoverished people were jailed for nonpayment within a two-year period.


Glancy Prongay & Murray LLP Files Securities Class Action Lawsuit Against Patriot National, Inc.

Glancy Prongay & Murray LLP(“GPM”)announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) consisting of persons and entities that acquired Patriot National, Inc. (“Patriot National” or the “Company”) (NYSE: PN) securities between August 15, 2016 and March 3, …


Fifth Lawsuit Filed After Fatal Biloxi Bus-Train Collision

A fifth lawsuit was filed Tuesday seeking at least $10 million after a train collided with a bus in Biloxi, Miss. last week, killing four people and injuring 35 others. Hall is suing the bus company, Echo Transportation, the tour company, Diamond Tours, and the train’s parent company, CSX Transportation for negligence and gross negligence and is asking for no less than $10 million in damages …