Approved

MyFord Touch Class Action Lawsuit Preliminarily Approved

Class action alleges systems go black, freeze and fail to respond to voice and touch commands. May 26, 2019 — A MyFord Touch class action lawsuit has been preliminarily approved after years of both sides arguing in front of a California federal judge. According to the lawsuit, the Ford or Lincoln vehicles must be equipped with MyFord Touch or MyLincoln Touch systems, and the vehicles must have …



PwC Settles $3B Lawsuit With MF Global Over Collapse

A Manhattan federal jury has been robbed of its chance to decide whether the collapse of financial firm MF Global was the fault of its CEO Jon Corzine or his accounting firm. MF Global, which was seeking to pin the blame for the firm’s stunning 2011 demise on PriceWaterHouseCoopers, settled the case mid-trial, sources said. The parties reached an agreement on Wednesday and notified the judge …


Securities Class Action Settlements Up in 2016

The number of securities class action settlements approved by U.S. courts in 2016 was 85, the highest level since 2010, according to a report issued Wednesday by Boston-based Cornerstone Research. Total settlement dollars approved in 2016 was $5.99 billion, or almost double 2015’s $3.07 billion, according to the report, “Securities Class Action Settlements – 2016 Review and Analysis.” A total …


Punitive Damages Allowed in Farmer Lawsuit Against Syngenta

A Minnesota judge will let some farmers seek punitive damages against the Syngenta seed company for selling genetically modified corn seeds before China approved imports of crops grown from them. In an order unsealed Tuesday, Hennepin County District Judge Thomas Sipkins wrote that there’s evidence Syngenta knew the risks of commercializing Viptera and Duracade corn containing a trait that …


Goldman Sachs, JP Morgan and Citigroup Settle Forex Class Action

Goldman Sachs, JP Morgan and Citigroup have agreed to pay $39.25 million to settle a Canadian currency market manipulation class action. The settlements, if approved by a court, will remove those banks from a $1-billion class action that alleges several large financial institutions conspired to rig foreign exchange markets using electronic chat rooms with names such as “The Cartel,” “The …


$30M Air Cargo Class Action to Be Distributed

Courts in Ontario, B.C. and Quebec have approved a plan for distributing $29.6 million obtained from settlements in a class-action lawsuit related to the price-fixing of air cargo shipping services between 2000 and 2006. Eligible individuals must apply online at www.aircargosettlement2.com by May 11. A class-action lawsuit was filed in 2006 and involved more than 20 defendants including Air Canada (TSX:AC) and carriers such as Air France, British Airways, Cathay Pacific Airways, Japan Airlines International, Korean Air lines and KLM. It was alleged …


Cash on the Hood: VW to Pay 3.0-Liter Diesel Owners $7K to $16K

Dieselgate is one step closer to becoming a distant memory as Volkswagen agrees to a cash compensation for owners of 3.0-liter diesel vehicles. Volkswagen announced today that it has submitted settlement agreements with both class-action plaintiffs and the US Federal Trade Commission. The agreements are about undeclared emissions-control devices in certain vehicles equipped with a 3.0-liter …


$8.2 Million Settlement Approved in SeaTac Minimum-Wage Case

A federal judge on Wednesday approved a court settlement in which Menzies Aviation must pay nearly $8.2 million to resolve the claims of thousands of workers who said they were paid less than $15 an hour after SeaTac’s minimum-wage law went into effect. U.S. District Judge Robert Lasnik in Seattle approved the class-action settlement, which had been reached in September . That means checks to …


VW Owners Wait for Modifications to Collect Settlement

VW owners wait for modifications to collect settlement Published: January 16, 2017 5:55 PM EST Updated: January 16, 2017 6:41 PM EST FORT MYERS, Fla. — Some Volkswagen owners are still waiting for the company to come up with an approved fix for their vehicles so they can collect from a massive class-action settlement. As part of a nearly $15 billion settlement agreement , Volkswagen agreed to …