Calif. Supreme Court rubber stamps excessive class action attorneys’ fees By Lawrence W. Schonbrun Class actions are a judicially created mechanism to protect the “little guys” from abuse by powerful institutions, corporations, and governments. In a regrettable decision, however, the California Supreme Court has refused to protect the rights and interests of class members by allowing the very …
The vast majority of consumers want to know they can seek their day in court if they get in a beef with a bank. That’s the main takeaway of a report last week from the Pew Charitable Trusts, which examined so-called mandatory arbitration clauses in bank contracts. These are the provisions that say you can’t sue or join a class-action lawsuit, and if you want to settle a dispute, you have to …
Some of the fine print on bank account, credit card, and loan forms may soon get a rewrite that restores legal rights millions of Americans unknowingly waive when they swipe a piece of plastic or borrow money. Monday is the deadline for public comment on a federal Consumer Financial Protection Bureau proposal to curb so-called “forced arbitration” clauses — dense language buried deep in the …
Today, the Consumer Financial Protection Bureau closes the comment period on its proposed rule to enrich trial lawyers at the expense of consumers. The Bureau misleadingly styles its proposal as one to regulate arbitration agreements. The truth is that the proposal is very intentionally designed for the singular goal of promoting class action lawsuits—the number one policy priority of the trial …
ALL PERSONS OR ENTITIES WHO PURCHASED OR OTHERWISE ACQUIRED ST. JUDE MEDICAL, INC. COMMON STOCK DURING THE PERIOD FROM FEBRUARY 5, 2010 THROUGH NOVEMBER 20, 2012, AND WHO WERE DAMAGED THEREBY (THE “CLASS”).1 Certain persons and entities are excluded from the definition of the Class as set forth in detail in the Stipulation and Agreement of Settlement dated July 7, 2016 (the “Stipulation”) …
On January 20, 2016, the Supreme Court held in Campbell-Ewald v. Gomez, 136 S. Ct. 663, 672, 193 L. Ed. 2d 571 (2016) that an unaccepted pre-certification settlement offer of complete relief in a putative class action, made to an individual plaintiff, does not moot that plaintiff’s claims. As discussed in our previous coverage of Campbell-Ewald, the Supreme Court’s …
Lundin Law PC (the “Firm”) announces a class action lawsuit was filed against Northern Oil and Gas, Inc. (“Northern Oil” or the “Company”) (NYSE: NOG) concerning possible violations of federal securities laws between March 1, 2013 and August 15, 2016 inclusive (the “Class Period”). Investors who purchased or otherwise acquired shares during the Class Period should …
Attorneys representing plaintiffs in a shareholder class action against health care company Castlight Health fully expect those allegedly wronged to accept a settlement. Details of the settlement against the San Francisco-headquartered company have been revealed, and it includes Castlight paying aggrieved share buyers $9.5 million. Castlight, a health information cloud-based …
Safirstein Metcalf LLP announces that a complaint has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities that purchased the common stock of Concordia International Corp. (“Concordia” or the “Company”) (NASDAQ:CXRX) between November 12, 2015 and August 12, 2016, inclusive (the …
Safirstein Metcalf LLP announces that a class action lawsuit has been filed in the United States District Court for the Southern District of New York on behalf of all persons or entities who purchased or otherwise acquired securities of Northern Oil and Gas, Inc. (“Northern Oil and Gas” or the “Company”) (NYSE:NOG) between March 1, 2013 and August 15, …