Ron DeSantis to move an ongoing inspector general investigation into Rubin’s behavior away from Patronis’ office and for Attorney General Ashley Moody to open a criminal investigation into her fellow Cabinet member. Patronis’ office, citing the advice of counsel, declined to comment on pending litigation, spokeswoman Katie Strickland said. The lawsuit, which alleges conspiracy and defamation, …
A federal judge on Thursday ordered Wal-Mart Stores Inc Chief Executive Douglas McMillon to submit to questioning in a lawsuit by shareholders hoping to learn what he knows about suspected bribery by the world’s largest retailer in Mexico. U.S. District Judge Susan Hickey in Fayetteville, Arkansas, said McMillon’s “direct and personal involvement” in matters underlying a class-action lawsuit …
J. C. Penney said Friday it has reached an agreement to settle a shareholder class action lawsuit for $97.5 million. The case stems from a period in 2013 when the Plano-based company was struggling to survive from a failed attempt to transform the department store. The lawsuit, Alan B. Marcus, Individually and on Behalf of All Others Similarly Situated, v. J.C. Penney Company, Inc., et.al., is …
QUALCOMM Incorporated (NASDAQ:QCOM) luring passive investments, as shares build up 2.12% ended at $54.00 as the stock held volume of 14.03 Million as compared to average daily volume of 11837.29. Pomerantz LLP reported that a class action lawsuit has been filed against Qualcomm Incorporated (QCOM) and certain of its officers. The class action, filed in United States District Court, Southern …
There’s been several high profile class actions launched by unhappy shareholders against the companies they invest in (otherwise known as securities class actions) lately in Australia. The common theme is a claim these companies have not been straight with investors, issuing falsely optimistic information or concealing negative information. If it’s proved to be true, this sort of conduct does …
The city of Chicago has settled a lawsuit for $20 million that it filed against a red-light camera company whose former chief executive pleaded guilty to a federal bribery charge. Chicago Mayor Rahm Emanuel announced the settlement Monday with Redflex Traffic Systems Inc. of Arizona and its Australian parent company Redflex Holdings Ltd. The lawsuit accused Redflex of fraud and making …
According to a class-action lawsuit, more than 200 people hit with “felony riot” charges following their mass arrest at Friday’s inauguration protest in Washington, D.C. were indiscriminately swept up “without warning and without any dispersal order” and attacked with chemical weapons, flash-bang grenades and batons. The crackdown, which was overseen by acting Metropolitan Police Department …
Lawyers representing Attorney General Alan Wilson and more than a dozen law enforcement officials across the state want a federal judge to dismiss a lawsuit challenging the constitutionality of South Carolina’s disturbing schools statute, saying the plaintiffs lack legal standing to sue. The lawsuit, filed in U.S. District Court in Charleston in August, received its first hearing with federal …
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 …