A federal appeals court on Wednesday revived Ohio’s lawsuit accusing Freddie Mac of defrauding the state’s $87.3 billion public pension fund by hiding its exposure to subprime and other risky mortgages prior to the 2007-09 financial crisis. The 6th U.S. Circuit Court of Appeals said a lower court judge erred in finding that the Ohio Public Employees Retirement System (OPERS) did not plausibly …
The American Civil Liberties Union is challenging a two-tiered election system that require Kansas election officials to throw out thousands of votes cast in state and local races by people who registered at motor vehicle offices or used a federal form without providing documentary proof of their U.S. citizenship. The class-action lawsuit filed Tuesday in Shawnee County District Court comes a …
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 …
Well, this is kind of a mess. On Thursday, Apple was hit with yet another class action lawsuit, the suit alleging that the company has been replacing damaged devices under AppleCare+ with refurbished units. This isn’t the first suit of its kind in this regard and similar suits have been filed in the past.
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 …
Four months after 21st Century Oncology said an “unauthorized third party” had accessed 2.2 million confidential records, lawyers working on lawsuits against the cancer-care giant say they have fielded likely thousands of inquiries from worried patients. As of this week, at least 13 separate federal class-action …
Amgen Inc. will pay $95 million to settle a class action lawsuit, the company announced Wednesday. The suit was filed on behalf of shareholders who purchased Amgen stock from April 22, 2004 through May 10, 2007 and sought to recover damages for certain statements made by the Thousand Oaks biotech. Amgen believes the lawsuit has no merit and emphasizes the settlement is not an admission of guilt …
Drivers who won a $1.8 million class-action suit against a small Ohio town over its use of red light cameras want to collect their damages — straight from the pockets of a new crop of motorists caught by the unpopular and all-seeing digital eyes. Lawyers for thousands of drivers cited in New Miami filed a class-action lawsuit in 2013 against the Butler County town of 2,000 for using an …
Employees are used to being disciplined at work. People who habitually arrive late for work each day are prime candidates and others who refuse to follow company policies can also end up in an employer’s cross hairs. But what about the things you do during your off-work hours?
An ex-customer of Theranos, located in Arizona, filed a class-action suit against the biotech company for faulty blood testing conducted at a blood draw location inside Walgreens. The man, initialed only as R.C. is also suing the pharmacy chain. …