The law firm Gardy & Notis, LLP announces that it filed a securities fraud class action lawsuit in federal court on behalf of investors who purchased Under Armour, Inc. (“Under Armour”) (NYSE: UA, UAA) common stock between April 21, 2016 and January 30, 2017 (the “Class Period”). The lawsuit alleges that, during the Class Period, Under Armour and certain …
An Oklahoma man has filed a class action lawsuit against Samsung Electronics, stating that the company’s home washing machines are dangerously defective. In some cases, they have been reported to actually “explode,” forcing the lids off and potentially injuring consumers. The plaintiff filed the case on January 13, 2017, in the U.S. District Court for the Western District of Oklahoma, seeking …
Assuming the Department of Labor’s fiduciary rule survives the river of legal and legislative challenges, the brokerage industry should expect to absorb between $70 million and $150 million annually in class-action litigation costs. The price-tag range, calculated by Morningstar senior equity analyst Michael Wong, is on top of the $1.5 billion annual cost to the industry, as estimated by the …
The U.S. Supreme Court is expected to decide as early as next week whether to hear the appeal of a Sixth Circuit decision upholding a class-action settlement that distributed only $1.6 million to consumers but yielded $2.4 million for the attorneys who represented them. Objectors and the attorneys general of 17 states urge the court to take the case and hand down tighter rules on how lower courts consider the value of a settlement for calculating legal fees. …
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the February 21, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Universal Health Services, Inc. (“Universal Health” or the “Company”) (NYSE: UHS) securities between February 26, 2015 and December 7, 2016, inclusive (the …
Glancy Prongay & Murray LLP (“GPM”) reminds investors of the February 21, 2017 deadline to file a lead plaintiff motion in the class action filed on behalf of a class (the “Class”) of investors who purchased Rent-A-Center, Inc. (“Rent-A-Center” or the “Company”) (NASDAQ: RCII) securities between July 27, 2015, and October 10, 2016, inclusive (the “Class Period”). …
NEW YORK, Feb. 07, 2017 — Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York against Stemline Therapeutics, Inc. (“Stemline” or the “Company”) (NASDAQ:STML) on behalf of investors that acquired Stemline securities: (1) pursuant and/or traceable to Stemline’s secondary public …
Lundin Law PC, a shareholder rights firm announces a class action lawsuit against FXCM Inc. (“FXCM” or the “Company”) (Nasdaq: FXCM). Investors, who purchased or otherwise acquired shares between March 15, 2012 and February 6, 2017 inclusive (the “Class Period”), are encouraged to contact the Firm in advance of the April 10, 2017 lead plaintiff motion deadline. To …
Facing a class action lawsuit involving alleged spam text messages, American Eagle Outfitters has agreed to settle the proposed lawsuit by paying a large settlement to the plaintiffs. According to documents filed in a New York federal court, the class action suit accused American Eagle Outfitters of violating the Telephone Consumer Protection Act by sending many …
Last week, a federal appeals court reversed and sent back to a district court a $10 million settlement in a data breach class action brought against Target. The U.S. Court of Appeals for the Eighth Circuit explained in its Feb. 1 opinion that while the U.S. Supreme Court has not said what, specifically, a “rigorous analysis” of class certification prerequisites …