J. C. Penney said Friday it has reached an agreement to settle a shareholder class action lawsuit for $97.5 million. The case stems from a period in 2013 when the Plano-based company was struggling to survive from a failed attempt to transform the department store. The lawsuit, Alan B. Marcus, Individually and on Behalf of All Others Similarly Situated, v. J.C. Penney Company, Inc., et.al., is …
Neiman Marcus has agreed to pay $1.6 million to settle a data breach class action in Illinois federal court. The three-year-old case stemmed from the December 2013 cyber attack that exposed credit card data of an estimated 350,000 Neiman Marcus shoppers. The high-profile incident, caused by malware installed on Neiman Marcus terminals, was similar to a larger attack on Target and other …
Employees of Monsanto Co ghostwrote scientific reports that U.S. regulators relied on to determine that a chemical in its Roundup weed killer does not cause cancer, farmers and others suing the company claimed in court filings. The documents, which were made public on Tuesday, are part of a mass litigation in federal court in San Francisco claiming Monsanto failed to warn that exposure to …
FireEye is close to paying $10.3m to settle a class-action lawsuit alleging that the security firm misled investors about the effectiveness of its security technology. Santa Clara Superior Court Judge Peter Kirwan said he was minded to approve the negotiated settlement once details such as proposed attorneys’ fees and procedures for litigants to opt out had been resolved. The dispute dates back …
The Law Offices of Vincent Wong announce that a class action lawsuit has been commenced in the USDC for the Northern District of California on behalf of investors who purchased Yahoo! Inc. (YHOO) securities between November 12, 2013 and December 14, 2016. Click here to learn about the case: http://www.wongesq.com/pslra/yahoo-inc.
The terms of a settlement between Mechel Bluestone Inc. and miners who allege they were laid off unlawfully from a Wyoming County mine in 2013 have been reached. Before the class action settlement is finalized, federal Judge Irene Berger, Southern District Court, must approve the agreement. If she approves the settlement, 64 miners laid off at the Double-Bonus Mine No.
NASCAR has settled a lawsuit by a fan who suffered traumatic head injuries after being struck by flying debris from a 2013 crash at Daytona International Speedway. According to ESPN, the suit stated that the fan, Allen Davis, was sitting in the upper deck, and “was struck in the head by a heavy piece of debris and suffered a catastrophic, traumatic brain injury.” The accident occured on the …
WorleyParsons CEO Andrew Wood slashed earnings guidance unexpectedly in 2013. Christopher Pearce WorleyParsons’ attempt to stop a $50 million class action lawsuit alleging the engineering group breached continuous disclosure obligations in 2013 has failed, with the Federal Court ordering the case to continue. Justice Foster dismissed WorleyParsons’ interlocutory application on January to halt …
A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Longwei Petroleum Investment Holding Limited (AMEX:LPH) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on October 5, 2016 and AMEX:LPH investors should contact the Shareholders Foundation. …
A 16-year-old girl said she was sexually harassed by two managers at the Chipotle restaurant on Eldridge Parkway in the Energy Corridor in west Houston for four months in 2013. This week, a jury awarded her and her attorneys a multimillion-dollar judgment. The now-16-year-old told KPRC 2, “It was definitely hard.