It seems McDonald’s has a McProblem. Following last week’s case of the missing cheese — for which McDonald’s apologized — the company’s mozzarella sticks are now the subject of a proposed class action lawsuit. A man in California is seeking $5 million in damages for him and 40 other customers across the U.S., claiming the franchise falsely advertised that the sticks were made with 100-percent …
REUTERS/Lucas JacksonMartin Shkreli. NEW YORK (Reuters) — Former pharmaceutical executive Martin Shkreli suffered a roughly $40 million drop in the value of a trading account used to secure his bail following his arrest on securities fraud charges, a U.S. prosecutor said on Wednesday. At a hearing in federal court in Brooklyn, Assistant U.S. Attorney Winston Paes said the account contained …
DES MOINES, Iowa (AP) — It was one of those dreams-come-true moments that lotteries love to promote when “Lucky Larry” Dawson smiled as he claimed a $9 million jackpot, surrounded by his kids and grandkids. Five years later, the Iowa man has become the first plaintiff in litigation that threatens to cost state lotteries millions of dollars following an insider jackpot-rigging scandal. A Des …
NEW YORK Deutsche Bank AG must face a U.S. lawsuit seeking to hold it liable for causing $3.1 billion of investor losses by failing to properly monitor 10 trusts backed by toxic residential mortgages, a federal judge ruled on Wednesday. U.S. District Judge Alison Nathan in Manhattan said Belgium’s Royal Park Investments SA/NV may pursue claims that the trustee Deutsche Bank National Trust Co …
Hundreds of First Nations’ people left out of residential-school compensation will be allowed to collectively sue the federal government for their mistreatment. The decision comes one day after the Truth and Reconciliation Commission released a momentous report on the same school system. Federal Court in Vancouver certified a class-action lawsuit on Wednesday proposed by the former aboriginal …
Lufthansa and Iberia persuaded a U.S. appeals court in Chicago to reject efforts by passengers to hold them liable for delays on multi-leg international flights involving multiple airlines. Tuesday’s decision by Judge Richard Posner of the 7th U.S. Circuit Court of Appeals highlights the hurdles that passengers can face in holding carriers liable for travel snags, including when foreign laws or …
The FBI is the latest agency to join the Flint water crisis investigation, after weeks of public criticism over the Environmental Protection Agency’s conduct with respect to the probe. The statewide investigation into the Michigan city came after revelations the drinking water became contaminated with lead in April 2014, while under the control of a state-appointed emergency manager. Gina …
A woman from Nain—one of 1,200 former residential school students from this province suing for damages—says she’s elated by a decision to halt the trial in a class action lawsuit so settlement talks can be held. “I wasn’t expecting it, but I’m very happy,” said Cindy Dwyer. “After eight years of all this waiting, I’m actually elated.”
A class-action lawsuit was filed against storage drive maker Seagate today, alleging that certain 3TB models are failing more than they should. The complaint alleged that the drives failed “at an unprecedented rate,” and consumers who bought the defective drives faced broken hardware and significant loss of data. And while Seagate promised purchasers that it would replace the failed hard …
When developers at a top U.S. stock exchange needed help debugging a program that puts time stamps on quotes and trades in July, they could have hired a high-profile consulting firm. Instead, they called a customer who runs a company out of a small office in a Chicago suburb who had weeks earlier called the exchange’s dealings with high-frequency trading firms “completely illegal” on Twitter. …