John Roska: All About Class Action Suits, Settlements
Q: I got a notice in the mail saying I’m part of a class action. I can’t tell, but I think it says I’m entitled to a settlement. What do I do?
Action
Murray Goulburn Accused of “Misleading” the Market in Class Action Suit
Murray Goulburn could face legal action on lower profits Murray Goulburn, the Australian dairy cooperative partially listed on the ASX, is facing a class action lawsuit following this week’s profit warning over allegations that it “misled” the market with “overly optimistic” profit expectations. Australian law firm Slater Gordon revealed yesterday (28 April) that it is investigating a potential …
Accounting Fraud Getting Increased Attention From the SEC and Class Action Counsel
Accounting and financial disclosure issues are increasingly becoming the focus of litigation – both with the Securities and Exchange Commission (SEC) and the plaintiffs’ class action bar – according to recent pronouncements from the SEC and a leading research firm that tracks securities class actions. Last week, the SEC announced two financial fraud cases against …
Canadian Movie Pirates Targeted in Reverse Class Action
When it comes to the business model of turning piracy into profit, the name Voltage Pictures is never far from the action. The Los Angeles-based movie outfit has tested the legal waters in several jurisdictions in an effort to extract cash settlements from alleged pirates, most recently in Australia with its movie Dallas Buyers Club. In 2012, Voltage targeted Canadian ISP Teksavvy in a long …
Shareholder Alert: Bronstein, Gewirtz & Grossman, LLC Notifies Investors of Class Action Against La Quinta Holdings Inc. (LQ) and Lead Plaintiff Deadline: June 24, 2016
The complaint alleges that the Registration Statement and Prospectus issued in connection with the SPO failed to disclose material trends, events and/or uncertainties: (1) La Quinta was suffering a declining customer demand in its key Texas market; (2) there were continuous disruptions caused by the transitioning of La Quinta’s call center operations; and (3) La Quinta was was suffering a …
Merck Sex Discrimination Case Could Be Collective Action: Judge
A federal judge has granted preliminary approval for a lawsuit accusing Merck & Co Inc(MRK.N) of underpaying female sales representatives to go forward as a collective action. The lawsuit is seeking at least $250 million in damages. U.S. District Judge Michael Shipp in Trenton, New Jersey, on Wednesday granted conditional certification to a proposed class of current and former representatives …
Judge Says ‘No’ to Saint John Request for Names in Estabrooks Lawsuit
A judge has rejected a request by the City of Saint John that would have forced a Halifax law firm to turn over the names of potential participants in a class action lawsuit over abuse by former police officer Kenneth Estabrooks. As many as 263 youths may have been sexually abused by the late Kenneth Estabrooks, a private investigator hired by the City of Saint John found. In his decision, …
Bernstein Litowitz Berger & Grossmann LLP and Bleichmar Fonti & Auld LLP Announce Pendency and Proposed Settlement of in Re Genworth Financial, Inc. Securities Litigation
TO: All persons and entities who, during the period between October 30, 2013, and November 5, 2014, inclusive, purchased or otherwise acquired the publicly traded Genworth Securities (as defined below to include Genworth common stock and certain bonds) and were allegedly damaged thereby (the “Settlement Class”): PLEASE READ THIS NOTICE CAREFULLY, YOUR RIGHTS WILL BE AFFECTED BY A CLASS ACTION …
A $9.7 Million Dollar Settlement in a Class Action Suit Against Kodak
A settlement has been reached involving Eastman Kodak and some of its current and past employees over a class action lawsuit. The settlement totals $9.7 million dollars. It has to do with lawsuits following Kodak’s 2012 bankruptcy filing, involving participants in the company’s savings and investment plan for employees and the Kodak Employee Stock Ownership plan.
‘Excessive’ PACER Fees Prompt Class Action Complaint
The government agency running the PACER system, which provides online access to federal court records, charges more fees than necessary to recoup its costs in providing its services, a complaint filed in the U.S. District Court for the District of Columbia April 21 alleges. “The judiciary has taken no steps to change the fee structure or the way it has administered the system and so …