Republicans on the House Judiciary Committee have passed a resolution that would limit class action lawsuits against companies who kill, poison, or cripple American citizens. This is a massive payoff to the GOP’s corporate donors and a huge setback for American consumers. Ring of Fire’s Farron Cousins discusses this.
Lack of clearer allegations about accreditation could be a weak spot in the $5 million putative class action lawsuit filed in Maine by four former nursing students, a New York-based business law and litigation attorney said during a recent interview. “I was disappointed that the complaint did not more clearly spell out the alleged misrepresentation regarding …
Memphis’ biggest bank could shell out nearly $17 million to settle a lawsuit over overdraft fees. There’s a chance you could be eligible for payment in the class action settlement. There are 54 pages court documents for the case that has been going on for more than five years.
Most of the proposed procedural rule changes in Representative Bob Goodlatte’s “Fairness in Class Action Litigation Act of 2017,” introduced last week in the House of Representatives, are directly traceable to the business lobby’s anti-class-action talking points. Goodlatte – a Virginia Republican and chair of the House Judiciary Committee – has significantly expanded the changes he proposed …
Last week, the United States Supreme Court informed litigants in Epic Systems Corp. v. Lewis that it is pushing the case to its October 2017 term. The lawsuit, which rose up through the Western District of Wisconsin and the Seventh Circuit, presents the High Court with a chance to resolve a robust circuit split on the question whether mandatory arbitration clauses in …
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 …
President Donald Trump’s Department of Labor moved one step closer to putting the brakes on the agency’s fiduciary rule for retirement investment advisers late Feb. 9. The agency sent to the White House’sOffice of Management and Budget a proposal to delay the rule’s applicability date, one week after Trump ordered the agency to review the Obama-era rule that aims to protect retirement investors …
Arathy S Nair DuPont and Chemours Co have agreed to pay $671 million in cash to settle thousands of lawsuits involving a leak of a toxic chemical used to make Teflon, the companies said on Monday. Shares of Chemours jumped 13 percent. The company said it would pay half of the settlement, although liability for litigation connected with the chemical was passed onto it when DuPont spun it off in …
Shareholder rights law firm Johnson & Weaver, LLP announces that a shareholder class action lawsuit has been filed against RH (formerly known as Restoration Hardware) (NYSE: RH) on behalf of purchasers of stock between March 26, 2015 and June 8, 2016, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for of RH investors under the federal securities laws. The …
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 …