Business


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 …


How to Make Sure a Lawsuit Doesn’t Take Down Your Business

Your business has been performing well for years, turning a profit and continuing to grow. Then, out of the blue, you get served with a lawsuit. If you aren’t prepared for this scenario, you’re putting your business in jeopardy. Asset protection is a near 50-year-old specialization of debtor-creditor law, where niche business attorneys and consultants will seek to structure business and personal assets in such a fashion to where they become somewhat invulnerable to creditor civil judgments. It’s important to note, however …


Glancy Prongay & Murray LLP Files Securities Class Action Lawsuit Against Patriot National, Inc.

Glancy Prongay & Murray LLP(“GPM”)announces that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the “Class”) consisting of persons and entities that acquired Patriot National, Inc. (“Patriot National” or the “Company”) (NYSE: PN) securities between August 15, 2016 and March 3, …


Kona Beer Is Not From Hawaii, Consumers Say in Lawsuit

The maker of Kona craft beer was sued on Tuesday by two California shoppers who claim they were deceived into believing the beer was made in Hawaii, causing them to overpay for it. Sara Cilloni and Simone Zimmer said Craft Brew Alliance Inc. misleads consumers about the origin of its Kona Brewing Co. beers, saying the fifth-largest U.S. craft brewer actually makes them in New Hampshire, Oregon, …


Fashion Marketer LuLaRoe Sued Over Sales Tax Charges

LuLaRoe, a multilevel marketer of brightly colored women’s fashions whose popularity has surged in recent years — especially among millennials who sell the wares at home gatherings or in online forums — is facing a federal lawsuit accusing it of collecting sales taxes from customers in states that don’t levy one on clothing. The company also is facing criticism over the quality of its …


Florida Lawmaker Files Bill to Curb ADA Lawsuit Abuse

They call themselves advocates for the disabled but serial ADA lawsuit filers have now inspired a Florida lawmaker to take action. Florida Representative Tom Leek (R- Daytona Beach) recently filed a bill that gives businesses the opportunity to fight ADA lawsuits become they’re served with papers. Here’s how it would work. …


With Lawsuit, Melania Defines Public Service, Trump-Style

We can all thank Melania Trump for giving us a clearer sense of what she and her family are looking for from their stay in the White House. In court papers Melania filed Monday as part of a libel lawsuit against the parent company of the Daily Mail, she said that the British tabloid and website, by falsely reporting that she had once worked as a prostitute, caused the first lady to miss “major …


Did Donald Trump’s Nordstrom Tweet Open Him Up to a Lawsuit?

Ethics watchdogs who have long warned of the potential conflicts posed by the Trump family’s business interests were quick to cry foul on Wednesday. Importantly, they also saw it as a potential new opening to take Trump to court. Currently, the most high-profile legal challenge to Donald Trump’s business empire concerns what is known as the Emoluments Clause in the U.S. Constitution, which bars …


Country Club Hills Mayor Unfairly Denied Business License to Muslim Merchant, Lawsuit Says

The mayor here is trying to stop a business owner from opening a laundromat because of his religion, a lawsuit filed Tuesday alleges. Mohammed Almuttan says Bender McKinney, the mayor of Country Club Hills, has repeatedly denied him a license because his family is from Palestine and are practicing Muslims, the lawsuit claims. The suit also names three members of the Board …