Clime Capital has settled a Federal Court class action in principle for an agreed sum of $8.3 million. Consequently, investors that purchased UGL shares within the claim period have suffered compensable loss, Clime and IMF said. If the settlement becomes unconditional, IMF expects to gain about $8.3 million, which includes the reimbursement of project costs. Clime recently made an off-market …
by Ray Schultz , July 31, 2019Capital One has been hit with a class action lawsuit over the breach exposing data on 106 million consumers in the U.S. and Canada. The alleged data thief, Paige A. Thompson, posted the purloined data on GitHub on April 21. The company was alerted to the problem on July 17, and determined that the breach had occurred on July 19. The class action complaint claims …
About 140,000 customers had social security numbers compromised, and about 80,000 people had their bank account numbers compromised. Data including names, addresses, contact information and birthdates of customers could have been accessed, Capital One said in a press release announcing the hack, which it said it discovered last month. Capital One said that information on customers who applied …
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 coalition of public educators, administrators and parents gathered on the steps of a Glendale middle school Monday to announce a $2 billion lawsuit against the state. The suit, headed by the Arizona Center for Law in the Public Interest, contends the governor, state legislators and the school facilities board have failed in their constitutional duty to financially support school districts for capital funding needs. “The state’s failure to provide funding for school buildings, facilities, and …
The billionaire Steven A. Cohen must again face a lawsuit accusing him and his former firm SAC Capital Advisors LP of conspiring with other hedge funds to spread false rumors about Fairfax Financial Holdings Ltd FFX.TO to drive down its stock price. A three-judge panel of a New Jersey state appeals court on Thursday revived conspiracy, disparagement and other claims that had been dismissed in …
A Chicago federal judge has declined to let Wells Fargo off the hook of a junk fax class action lawsuit against the bank and one of its member services credit card processer, saying, even if Wells Fargo had no knowledge of the credit payment company’s decision to send a fax bearing its name, the bank’s name on the fax and business connection to its partner means it could share liability for the …
A federal judge on Wednesday certified a class-action lawsuit against Och-Ziff Capital Management related to a bribery probe, only to throw out the certification six hours later after being advised that the company had not had a chance to object. The reversal by U.S. District Judge Paul Oetken in Manhattan came in a lawsuit in which Och-Ziff shareholders accused the largest publicly traded U.S. …
Lawyers for Och-Ziff Capital Management Group LLC said a federal judge ignored his own deadline by certifying a class-action lawsuit tied to a bribery probe on Wednesday without giving the largest publicly traded U.S. hedge fund company a chance to object. U.S. District Judge Paul Oetken in Manhattan said Och-Ziff shareholders from February …
A $100-million class-action lawsuit has been leveled against Rabbi Bernard “Barry” Freundel, the Georgetown rabbi arrested in 2014 for six acts of voyeurism. Freundel filmed women disrobing before immersing themselves in the National Capital Mikvah, constructed at his direction in 2005. A mikvah is a ritual bath that married Orthodox women use after their monthly menstruation.