St. Jude Medical Inc has reached a $39.25 million class action settlement with shareholders to resolve claims it downplayed the possible dangers associated with a product used to connect implantable defibrillators to patients’ hearts. The preliminary settlement, disclosed Thursday with the U.S. District Court in Minneapolis, requires a judge’s approval. It resolves claims that St. Jude inflated …
Deb Price has filed a class-action lawsuit against Sprouts Farmer’s Market over identity theft. But the 59-year-old Aurora woman might never see a courtroom because of what she and many Americans sign without realizing it. Price signed an arbitration agreement when she was first hired that stipulates all work-related disputes be handled by an arbitrator that Sprouts helps select.
Schuette(Photo: Jake May | MLive.com) Lansing — Michigan Attorney General Bill Schuette is aiming to collect “hundreds of millions” of dollars from two engineering firms he claims contributed to the Flint water contamination crisis and hopes to do so in a few years — not a decade or more. But legal experts say the state has to clear several legal hurdles before it could command a lucrative …
Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed against Halyard Health, Inc. (“Halyard” or the “Company) (HYH) and Kimberly-Clark Corporation (“Kimberly-Clark” or the “Company”) (KMB) on behalf of investors who (1) purchased or otherwise acquired Kimberly-Clark securities on or after February 25, 2013 and subsequently …
Volkswagen diesel owners aren’t the only ones affected by the VW’s ongoing emissions cheating scandal. The company’s dealers have acutely felt the impact of the scandal, in the form of deflating sales figures. The proposed settlement announced last month offers cash payments to owners of 2.0-liter TDI models, who can either …
Palo Alto-based Theranos is in the midst of a class-action lawsuit after the company revealed in May the results of thousands of its blood tests had to be thrown out because of unreliable results. Theranos, according to its website, gets its name from a combination of the words therapy and diagnosis. The company collects blood using a finger-stick device it called Edison, which …
The families of victims of Hamas sued Facebook for $1 billion, saying the company allowed Hamas to use the social media outlet to plan attacks. The lawsuit, filed Sunday in U.S. District Court in New York, alleges Facebook “knowingly provided material support and resources to Hamas, a notorious terrorist organization that has engaged in and continues to commit terror …
A group of app-dispatched food delivery drivers have served Chicago-based GrubHub with a class action, saying the company has wrongly classified them as contractors, when they should qualify as employees under the law. Six people who have worked for GrubHub took aim June 28 in Chicago federal court against the web-based food delivery coordinator, arguing their classification as independent …
Investors believed that the company’s leadership had committed securities fraud by saying that the printers in question were of good quality. The court responded by describing the statements as “non-actionable puffery,” the sort of easily-ignored, meaningless goodwill-generating business speak that CEOs often say. In addition, the court found that while there was some internal discussions about …
MasterCard Inc (NYSE:MA) is facing an expensive lawsuit, which is expected to increase its litigation cost by the end of 2016. The payment processing company is accused of imposing additional card charges, which were ultimately borne by British consumers. It might be the first US-style class action lawsuit in the UK, which might increase the uncertainty associated with the stock.