A federal appeals court on Wednesday revived Ohio’s lawsuit accusing Freddie Mac of defrauding the state’s $87.3 billion public pension fund by hiding its exposure to subprime and other risky mortgages prior to the 2007-09 financial crisis. The 6th U.S. Circuit Court of Appeals said a lower court judge erred in finding that the Ohio Public Employees Retirement System (OPERS) did not plausibly …
The U.S. Justice Department has formally appealed a federal judge’s approval of class action status for a lawsuit blaming the Army Corps of Engineers for declining lost property values caused in St. Bernard Parish and New Orleans’ Lower 9th Ward by floodwaters during Hurricane Katrina and later storms. That status would make thousands of residents and businesses eligible for damage awards that …
Google and Viacom on Monday defeated an appeal in a nationwide class action lawsuit by parents who claimed the companies illegally tracked the online activity of children under the age of 13 who watched videos and played video games on Nickelodeon’s website. By a 3-0 vote, the 3rd U.S. Circuit Court of Appeals in Philadelphia said Google, a unit of Alphabet Inc., and Viacom Inc. …
A federal appeals court has ruled that a 2011 discrimination lawsuit against Springfield-based Bass Pro Shops can proceed. The lawsuit, which was filed in federal court in Texas by the federal Equal Employment Opportunity Commission in 2011, accuses the outdoor retailer of discriminating against black and Hispanic job applicants, The Springfield News-Leader reported .
The U.S. Supreme Court on Tuesday agreed to hear appeals by Visa Inc, Mastercard Inc and several U.S. banks seeking to throw out lawsuits claiming they conspired to inflate the prices of ATM access fees in violation of antitrust …
A $7.25 billion settlement between merchants and Visa Inc. and MasterCard Inc. over credit card transaction fees was rejected Thursday by a federal appeals court, a ruling praised by a retail trade association as a victory for consumers. The 2nd U.S. Circuit Court of Appeals in Manhattan said the 12 million merchants covered by the antitrust class action were inadequately represented by law …
Courts have generally enforced arbitration agreements if they allow employees to exercise their rights and aren’t too one-sided in favor of the employer. However, conflicting decisions by federal appeals courts have left employers uncertain as to whether they can require employees to sign class-action waivers as part of …
Federal court asked to revive lawsuit over Alta’s snowboarding ban SALT LAKE CITY — A federal appeals court is being asked to revive a lawsuit filed against Alta Ski Area and the U.S. Forest Service over the ski resort’s historic ban on snowboarding. In a petition with the 10th U.S. Circuit Court of Appeals in Denver, a group of snowboarders calling themselves “Wasatch Equality” ask the federal …
A Washington, D.C.-based public interest law firm filed a petition with the U.S. Supreme Court last week, urging the court to review a class action settlement that it argues is unfair to class members. On Thursday, the Competitive Enterprise Institute’s Center for Class Action Fairness, or CCAF, filed its petition for writ of certiorari with the nation’s highest …
Sixteen of the world’s largest banks including JPMorgan Chase & Co. and Citigroup Inc. must face antitrust lawsuits accusing them of hurting investors who bought securities tied to Libor by rigging an interest-rate benchmark, a ruling that an appeals court warned could devastate them. The appellate judges reversed a lower-court ruling on one issue — whether the investors had adequately claimed …