US-based oil company Cobalt filed for arbitration for a $2-billion suit against Angola’s state-run Sonangol oil giant last week, according to court documents found by Reuters. The two parties were due to reach an agreement on license extensions for two deepwater blocks, but negotiations broke down last year. Now Cobalt claims a $2 billion award, plus interest and other costs, as compensation …
A popular clothing retailer in San Francisco is being sued over allegations the company violated the state’s Civil Rights laws by adopting an English-only policy in the store. The retailer, Forever 21, did not allow employees who are native Spanish speakers to speak Spanish at the store, according to the lawsuit. The lawyer for the plaintiffs said the workers were not allowed to speak Spanish …
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the February 21, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Universal Health Services, Inc. (“Universal Health” or the “Company”) (NYSE: UHS) securities between February 26, 2015 and December 7, 2016, inclusive (the …
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the February 21, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Rent-A-Center, Inc. (“Rent-A-Center” or the “Company”) (NASDAQ: RCII) securities between July 27, 2015, and October 10, 2016, inclusive (the “Class Period”). …
Wisconsin is among a coalition of 21 states suing the U.S. Department of Labor over a new rule that would make more higher-earning workers eligible for overtime pay. Nevada Attorney General Adam …
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 …
Volkswagen AG has made substantial progress toward reaching a final settlement by late June with car owners and the US government over the German automaker’s cheating on diesel emissions tests, a federal judge said on Tuesday. US district judge Charles Breyer in San Francisco also reiterated that a settlement will include “substantial compensation” for owners of 482,000 polluting vehicles that …
Volkswagen AG (VOWG_p.DE) has made substantial progress toward reaching a final settlement next month with car owners and the U.S. government over the German automaker’s cheating on diesel emissions tests, a federal judge said on Tuesday. But major issues remain, including how much the world’s No. 2 automaker may have to pay in fines, which could run in the billions of …