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Lawsuits Jul 22, 2016

SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of the Board of Directors of Golden Enterprises, Inc.

BALA CYNWYD, Pa.–(BUSINESS WIRE)–Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of Golden Enterprises, Inc. (“Golden” or “the Company”) (Nasdaq: GLDC) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Utz Quality Foods, Inc. (“Utz”). Click here to learn …

News, Securities Jul 22, 2016

Money Managers With In-House 401(k) Plan Options at Risk of Employee Lawsuits: Lawyers

Asset managers that limit employee retirement plan investment choices to proprietary, in-house mutual funds are putting a legal target on their backs, attorneys said. In the context of a rash of lawsuits by employees against financial services companies alleging breach of fiduciary duty in managing 401(k) plans, asset management companies that populate their retirement plans solely with house …

Legal News Jul 22, 2016

Property Owners Win Class Action Against NCDOT

Approximately 800 members in a class action lawsuit recently won a case against the North Carolina Department of Transportation (NCDOT) and its Roadway Corridor Official Map Act. The decision in the case, Kirby v. NCDOT, was made June 10 by the North Carolina Supreme Court. The court ruled that limitations handed down on property owners under the Map Act …

Lawsuits Jul 22, 2016

Class Counsel Believe Samsung Washing Machine Defect Affected Hundreds of Thousands

A class action lawsuit filed June 30 against Samsung in the U.S. District Court for the Eastern District of Pennsylvania centers on an alleged defect that attorneys believe has affected hundreds of thousands of people nationwide. “This concerns a defective drain pump (that) causes leaks and that can explode, causing damages,” Greg Coleman, founder and managing partner of Greg …

Lawsuits Jul 22, 2016

Tight-Wad Apple Repair Techs Swapped Our Damaged iGear With Used Kit – Lawsuit

Apple has been presented with a class-action lawsuit filed by customers who say the expensive electronics giant replaced their damaged devices with used models. More specifically, the suit [PDF] filed to the Northern California District Court alleges the Cupertino behemoth has been replacing damaged or defective devices with factory-refurbished units that were presented as new. According to the …

Settlements Jul 22, 2016

Over $1 Million Settlement to Be Given to Farm Workers Involved in Class-Action Suit

Yakima Valley farm workers involved in a class-action lawsuit since 2012 against a management company for wrongful firing will receive their settlement payments Sunday according to a news release from Columbia Legal Services. NW Management and several other companies agreed to a settlement payment after several years of litigation according to the news release. Columbia …

Legal News Jul 22, 2016

Arab-American Bias Lawsuit Against JPMorgan Can Proceed: U.S. Judge

NEW YORK An Arab-American family whose business and personal bank accounts were closed in 2014 without explanation can sue JPMorgan Chase for racial discrimination, a federal judge in Detroit has ruled. Filed in February, the lawsuit by Najah Manni, his wife Kathy and their two children says the largest U.S. bank further discriminated against them by terminating a contract with their debt …

News Jul 22, 2016

Why Do Securities Class Actions Drag on Once SCOTUS Gets Involved?

When Connecticut State Treasurer Denise Nappier announced Wednesday that the state retirement fund, as the lead plaintiff in a securities class action against the biotech company Amgen, had settled the case for $95 million, I was startled to realize the litigation was still going on. It’s been a while, after all. Investors first sued Amgen all the way back in 2007 for (among other …

Notices Jul 22, 2016

IMPORTANT SHAREHOLDER NOTICE: Lundin Law PC Announces Securities Class Action Lawsuit Against Emergent BioSolutions, Inc. And Reminds Investors With Losses to Contact the Firm

Lundin Law PC announces a class action lawsuit has been filed against Emergent BioSolutions, Inc. (“Emergent” or the “Company”) (EBS) concerning possible violations of federal securities laws between January 11, 2016 and June 21, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should contact …