A LaSalle woman is speaking out against a proposed settlement in a class action lawsuit involving diluted chemotherapy treatments. Sarah Johnson blames the incident for her cancer coming back and she says the settlement doesn’t cover her pain and suffering. This story goes back to 2012, when it was discovered that over 1,200 cancer patients allegedly received diluted chemotherapy.
Wells Fargo faces a new lawsuit claiming 401k self-dealing on the part of $3 billion of employee retirement savings. Plaintiffs allege the company funneled 401k plan assets into “expensive, under-performing” proprietary target date funds to enrich itself. Reuters reports the proposed class-action lawsuit, filed on Tuesday in federal court in Minnesota, accused the third-largest U.S. bank of steering 401(k) contributions to its Wells Fargo Dow Jones Target Date funds. The lawsuit, filed by employees, seeks to “recoup excess fees and unrealized profits stemming from Wells Fargo’s alleged breach of fiduciary duties to all 401(k) participants over the last six years,” according to the complaint. It added that Wells Fargo’s target date funds cost 2.5 times more than similar funds from …
Pomerantz LLP announces that a class action lawsuit has been filed against Lannett Company, Inc. (“Lannett” or the “Company”) (NYSE: LCI ) and certain of its officers. The class action, filed in United States District Court, Eastern District of Pennsylvania, is on behalf of a class consisting of all persons or entities who purchased Lannett securities …
A sweeping climate change lawsuit filed against the Obama Administration will move forward, a judged ruled on Thursday, setting up an extraordinary legal battle between environmentalists and President-elect Donald Trump. The lawsuit claims the rights of 21 young Americans have been unconstitutionally violated because the federal government has allowed greenhouse gas pollution to be pumped into …
Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against Tyson Foods, Inc. (“Tyson” or the “Company”) (NYSE:TSN) and certain of its officers, on behalf of shareholders who purchased Tyson securities from November 23, 2015 and October 7, 2016, inclusive (the “Class Period”). This class action seeks …
A “claims-made” class action settlement allows the defendant to make a large amount of money “available” to class members, but in order for the members to collect, they must jump through the hoops of correctly filing claims. Because of the low response rate in such settlements, the defendants will end up paying much less than the funds made available. Indeed, of the $8.5 million made available …
Class-action lawyers wasted little time Friday in jumping on word of a cyberattack on an Ontario casino in which sensitive information was stolen. The lawyers announced plans for a proposed lawsuit that would seek $50 million in damages from Casino Rama north of Toronto, and began asking possible victims to sign on. “The class action will be commenced on behalf of employees, customers and …
STEVENSON, Md., Nov. 11, 2016 — The securities litigation law firm of Brower Piven, A Professional Corporation, notifies investors that a class action lawsuit has been commenced in the Circuit Court for Baltimore County on behalf of all common stockholders of American Farmland Company (NYSE MKT:AFCO) (“American Farmland” or the “Company”) opposing the proposed acquisition of American Farmland …
The 10th Circuit Court of Appeals in Denver will not hear a case about Utah’s efforts to stall a class action lawsuit over mental health treatment in the state’s jails. The Standard-Examiner reports (http://bit.ly/2emtf06 ) that the Utah Attorney General’s Office asked the court to consider its challenge of a ruling certifying the Disability Law Center’s suit as a class action. The appeals …
The Genworth campus off West Broad Street near Glenside Drive. (Michael Schwartz) A local Fortune 500 company’s deal to be acquired and taken private by a Chinese conglomerate has caught the ire of at least one disgruntled investor. The members of the board of directors of Henrico-based insurance giant Genworth Financial were sued last week in Richmond federal court by shareholder Harold …