Allegations

Fed Suit Against Quicken Loans Passes First Test

The Justice Department can pursue its controversial fraud case against Detroit-based mortgage lender Quicken Loans, a judge ruled Thursday, but he substantially narrowed the time frame covered by the suit. In the first major ruling since the case reached a Detroit courtroom, U.S. District Judge Mark A. Goldsmith denied …


Jeweler Conglomerate Rocked by Class-Action Suit

It might make you think twice about the jewelry you’re wearing. Some 250 men and women are accusing some of the country’s most popular jewelry stores of widespread sexual misconduct. As part of a larger gender discrimination class-action case against parent company Signet Jewelers (shown below), former female employees of Kay, Zale’s, Jared’s and more claim that they were …


FedEx Facing Discrimination Lawsuit

Memphis, TN – There are explosive allegations against FedEx from a worker who claims he is being discriminated against because he’s gay. Now the company is facing a $750,000 lawsuit. The truck driver works in Wisconsin, but the lawsuit was filed in Memphis since that is where Federal Express is headquartered.


Lawsuit Accuses Drug Makers of Conspiring to Hike Insulin Prices

More than 29 million Americans live with diabetes, and for some six million of them, insulin is a life or death medication. Between 2002 and 2013, the price of insulin more than tripled, to more than $700 per patient. A federal lawsuit accuses the three insulin manufacturers of conspiring to raise their prices.



JPMorgan Sued for Self-Dealing in Its 401(k) Plan

JPMorgan Chase & Co. has been sued by a participant in its 401(k) plan for allegedly causing employees to pay millions of dollars in excessive fees through a scheme motivated by “self-interest.” The plaintiff claims JPMorgan, as well as various board and committee members with oversight of the $21 billion retirement plan , breached their fiduciary duties by, among other things, retaining …


Obama’s Parting Gift to the Company Formerly Known as Sallie Mae: A Big Fat Lawsuit

On the last day of the Obama administration, the Consumer Financial Protection Bureau wanted to give millions of Americans with student loan debt a little gift: filing a lawsuit against Navient (formerly known as Sallie Mae) for grimy, misleading practices. BuzzFeed reports : Among the most serious allegations is the claim that Navient systematically pushed struggling borrowers away from …


JPMorgan Pays $55M to Settle Mortgage Discrimination Lawsuit

JPMorgan Chase agreed to a settlement with the U.S. government over allegations that it discriminated against “thousands” of black, Hispanic mortgage borrowers from 2006 through 2009. The bank’s independent brokers charged minority borrowers higher mortgage interest rates and fees during that period, compared to “similarly situated white borrowers,” according to a government lawsuit filed Wednesday in a New York federal court. JPMorgan is expected to settle the lawsuit for $55 million without admitting any liability. “We’ve agreed to …


Sexual Harassment Lawsuit Involving USF Professor Settled

The lawsuit concerning USF professor Herb Maschner was settled for $170,000 between Idaho State and Kelly Pokorny. SPECIAL TO THE ORACLE Idaho State University, and former school employee Kelly Pokorny settled a sexual harassment lawsuit Friday involving current USF professor and former executive director for the Center for Virtualization and Applied Spatial Technologies Herb Maschner, …