Match Group stock tumbled as much as 9% after the Federal Trade Commission announced a lawsuit alleging the company used fake love-interest ads to lure consumers into buying subscriptions. Consumers purchasing Match.com subscriptions “generally were unaware” that as many as 25% to 30% of members were using the platform for scams, the FTC said Wednesday. Watch Match trade live here. Tinder- …
The Consumer Financial Protection Bureau (CFPB) [official website] announced [press release] a new rule Monday, banning mandatory arbitration clauses in consumer agreements. The CFPB explained that mandatory arbitration agreements can prevent class action lawsuits and perpetuate harmful practices. The new rule will enforce the consumer’s right to take part in group lawsuits.
The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of Acacia Communications, Inc. (“Acacia”) (NASDAQ:ACIA) between August 11, 2016 and July 13, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the USDC for the District of Massachusetts. …
The Florida House of Representatives has filed an amicus brief showing support for Gov. Rick Scott in his legal battle with Orange-Osceola State Attorney Aramis Ayala, which began after she announced that her office would no longer seek the death penalty. Representatives argued in the court filing that Ayala does not have the power to act as a legislative policy maker.
A former Liberty University student is suing the university. According to documents, the student is seeking over $102 million for defamation. The defendant, Cameron Jackson, says that a press release sent out by Liberty University last September violated his Title IX rights.
Bernstein Litowitz Berger & Grossmann LLP have announced a proposed settlement in a securities class action with the EZCORP Inc. In a securities class action involving Automotive Machinists Pension Trust against EZCORP Inc., a small-dollar lender, AMPT has proposed settlement of the action for $5.9 million in cash. If approved, it will resolve all claims in the class action, a news …
The family of Reshall Jimmy, who died when his Ford Kuga burst into flames, will be pursuing a class action lawsuit against the vehicle manufacturer. The family’s lawyer, Rod Montano, announced the expected lawsuit during a briefing at the National Press Club on Tuesday. Ford announced on Monday that it was recalling the vehicles.
King Solomon Baptist Church Rev. Charles Elliott, Jr., left, a supporter of the new west end Wal-Mart, fires up attendants near the proposed location for the west end Wal-Mart on Wednesday during a prayer vigil.
The bad news just keeps coming for Skully. The San Francisco startup, bankrupt and awash in controversy, now faces another lawsuit — this time from the manufacturer that produced the high-tech Skully-brand motorcycle helmets. Global electronics manufacturer Flextronics sued Skully on Friday, claiming the defunct startup owes it more than $1 million.
Just when you thought Chipotle Mexican Grill Inc (CMG) might be getting back on track, a politician calls for an investigation into allegations of wage theft by the restaurant. Rosa DeLauro, a Democratic representative from Connecticut, is trying to convince the U.S. Labor Department to investigate Chipotle after a class-action lawsuit was filed in Colorado. The lawsuit claims Chipotle …