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Lawsuits Aug 19, 2016

INVESTOR ALERT: Lundin Law PC Announces Securities Class Action Lawsuit Against SunPower Corporation and Encourages Investors With Losses to Contact the Firm

Lundin Law PC (the “Firm”) announces that a class action lawsuit has been filed against SunPower Corporation (“SunPower” or the “Company”) (Nasdaq: SPWR) concerning possible violations of federal securities laws between February 17, 2016 and August 9, 2016 (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should …

Lawsuits Aug 19, 2016

Columbia University Targeted in $100 Million Lawsuit Over Excessive Retirement Plan Fees

Columbia University was sued Tuesday on claims its retirement plans charged excessive fees. This follows a string of similar litigation filed over the past week against several top universities, leading to speculation that these suits are merely the first volleys in what’s likely to be a developing trend. The plaintiff in the proposed class-action lawsuit is seeking $100 million from Columbia …

Lawsuits Aug 19, 2016

Anti-Abortion Group Sues Raleigh Over Denied Rezoning

An anti-abortion group has filed a federal lawsuit against the city after the Raleigh City Council rejected a rezoning request that would have allowed the organization to provide counseling and classes in its property next to an abortion clinic. A Hand of Hope Pregnancy Resource Center filed the lawsuit Wednesday in the U.S. District Court for the Eastern District of North Carolina, which …

Lawsuits Aug 19, 2016

Spencer Collier’s Wrongful Termination Lawsuit Against Bentley, Mason Put on Hold

A judge this morning ordered a stay – or hold – in the litigation of a wrongful termination lawsuit filed by former ALEA Secretary Spencer Collier. Montgomery Circuit Judge Eugene Reese ordered the stay in the lawsuit filed against Alabama Gov. Robert Bentley, current ALEA director Stan Stabler, Bentley’s former advisor Rebekah Mason and her RCM Communications Inc., and the dark money group …

Lawsuits Aug 19, 2016

Australia’s Major Banks Face U.S. Class Action Over Rate Rigging

Australia’s four biggest banks said on Thursday they were among 17 global lenders being sued by U.S. funds for alleged benchmark interest rate rigging, denying the claims and pledging to contest the action. The suit follows ongoing court action on the matter by Australian regulators, and comes amid increasing scrutiny by global watchdogs on potential market manipulation. Recent investigations …

Lawsuits Aug 19, 2016

Tennessee School System Settles Lawsuit Over Pro-Gay T-Shirt

A Tennessee school district that refused to allow a student to wear a T-shirt with a gay-supportive slogan has revised its dress code, settling a lawsuit brought by the state affiliate of the American Civil Liberties Union. The Giles County Board of Education changed the dress code for reasons unrelated to the suit, but it does address the concerns of the ACLU’s client, Rebecca Young, therefore …

Lawsuits Aug 17, 2016

NFL Mum on Hall of Fame Game lawsuit

Five days ago, a nationwide class-action lawsuit was filed against the Hall of Fame and the NFL for the cancellation of the annual preseason game in Canton, Ohio. To date, the NFL has said nothing about it. More than a day after PFT requested comment from the league regarding the litigation and the unique settlement offer made by lawyer Michael Avenatti on Monday morning, the NFL has not …

Lawsuits Aug 17, 2016

Lawsuits Bring 401(k) Fees Into Question

Is 401(k) fee litigation over? Now that many of the cases contending that large 401(k) plans paid too high fees have been settled or decided, it would be tempting for plan sponsors that haven’t been sued to breathe a sigh of relief. They should not do so, because litigation continues unabated with new theories and targets.