On June 2, 2016, a class action lawsuit was filed in the United States District Court for the Eastern District of North Carolina against TransEnterix, Inc. (NYSE: TRXC). The complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5, including allegations of issuing a …
Editor’s note: Billionaire Peter Thiel’s involvement in the infamous Gawker privacy case has renewed interest in litigation finance, an relatively esoteric corner of alternative investments that involves bankrolling lawsuits in return for a piece of any monetary judgements. As explained by Edward Truant, principal of commercial litigation finance specialist Balmoral Wood Litigation Finance, the …
Louisiana businessman Nicholas Perioux, a former Trump University student, doesn’t want anything to do with a class action lawsuit filed against the presumptive Republican nominee. He filed an exclusion request form, which was entered into the court docket Thursday. Perioux was considered part of the Trump University “class.” He would have been eligible for any potential settlement or jury …
US firm Akin Gump has strengthened its West Coast litigation capabilities by adding Neal R. Marder, a specialist in business and commercial litigation, as a partner in its Los Angeles office. Washington, DC-based law firm Akin Gump Strauss Hauer & Feld has given itself something to smile about after four of its IP partners decamped to Vinson & Elkins, prompting it to close its Austin office, …
Ticketmaster customers will soon be getting some money back. The company recently agreed to pay $386 million to settle a class action lawsuit filed more than a decade ago. The plaintiffs claimed that some of Ticketmaster’s fees were deceptive and misleading.
In December and January, Spotify was hit with back-to-back lawsuits from David Lowery and Melissa Ferrick — both professors and artists — who sought class action certification over royalties they allege have gone unpaid to songwriters by the world’s largest streaming service. Lowery sought $150 million in damages in his suit, while Ferrick sought $200 million. Those suits were essentially the …
A Washington, D.C.-based public interest law firm filed a petition with the U.S. Supreme Court last week, urging the court to review a class action settlement that it argues is unfair to class members. On Thursday, the Competitive Enterprise Institute’s Center for Class Action Fairness, or CCAF, filed its petition for writ of certiorari with the nation’s highest …
Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of Tangoe, Inc. securities (NASDAQ:TNGO) from March 18, 2014 through March 7, 2016, both dates inclusive (the “Class Period”). The lawsuit seeks to recover damages for Tangoe investors under the federal securities laws. To join the Tangoe class …
In a recently filed class action lawsuit, the plaintiffs allege Uber Technologies, Inc. (“Uber”) sent autodialed text messages to individuals after those individuals opted out of the messages by texting back “stop,” which, the plaintiffs allege, would be a violation of the Telephone Consumer Protection Act (“TCPA”). The class representative is an Uber driver applicant who …
DeVry provides educational services worldwide through a number of subsidiaries, including DeVry University, one of the largest degree-granting higher education systems in the United States. Through its five colleges, DeVry University offers programs in healthcare, business, technology, accounting, finance and law. The Complaint brings forth claims for violations of the Securities Exchange Act …