Supreme Court rejects review of BP shareholder lawsuit By Devin Henry – 05/02/16 10:55 AM EDT The Supreme Court will not hear arguments from a group of BP shareholders looking to sue the company over the 2010 Gulf Coast oil spill. A group of investors who had purchased shares in BP before the spill has looked to sue the company, saying it mislead potential investors about its safety standards …
Q: I got a notice in the mail saying I’m part of a class action. I can’t tell, but I think it says I’m entitled to a settlement. What do I do?
First Fox’s Blue Sky Studios reached a multi-million dollar settlement and now tellingly Sony has come to an 8-figure deal to exit the on-going potential class action suit against itself, DreamWorks Animation, Pixar, LucasFilm, Disney and the now shuttered Imagemovers Digital over wage-fixing and anti-poaching allegations. The $13 million dollar Sony deal signals a major shift in the ‘toon …
Murray Goulburn could face legal action on lower profits Murray Goulburn, the Australian dairy cooperative partially listed on the ASX, is facing a class action lawsuit following this week’s profit warning over allegations that it “misled” the market with “overly optimistic” profit expectations. Australian law firm Slater Gordon revealed yesterday (28 April) that it is investigating a potential …
Accounting and financial disclosure issues are increasingly becoming the focus of litigation – both with the Securities and Exchange Commission (SEC) and the plaintiffs’ class action bar – according to recent pronouncements from the SEC and a leading research firm that tracks securities class actions. Last week, the SEC announced two financial fraud cases against …
A Facebook Inc shareholder has filed a proposed class action lawsuit in a bid to stop the company’s plan to issue new Class C stock, calling the move an unfair deal to entrench chief executive Mark Zuckerberg as controlling shareholder. The lawsuit, filed in the Delaware Court of Chancery, comes two days after the social networking company announced its plan to issue the shares. The rejiggering …
When it comes to the business model of turning piracy into profit, the name Voltage Pictures is never far from the action. The Los Angeles-based movie outfit has tested the legal waters in several jurisdictions in an effort to extract cash settlements from alleged pirates, most recently in Australia with its movie Dallas Buyers Club. In 2012, Voltage targeted Canadian ISP Teksavvy in a long …
For years, the profits that have emerged from the opaque world of law have been beyond the reach of non-lawyers in Canada. But that is changing quickly. A recent ruling in Ontario has helped swing open the door for litigation investment funds — which allow investors to bankroll lawsuits in the hopes of sharing in the potential proceeds — to establish a beachhead in Canada.
45,000 Workers Win Class Action Rights Workers Independent News is heard Monday through Friday at 8:45 and 11:45 a.m. and 5:45 p.m. At least 45,000 workers have won class-action lawsuit rights in a National Labor Relations Board case against Menard’s. The midwest-based home improvement supply store chain owned by Wisconsin anti-union billionaire John Menard is settling the case with the NLRB …
Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Tailored Brands, Inc. (“Tailored Brands” or the “Company”) (NYSE:TLRD) of the May 31, 2016 deadline to seek the role of lead plaintiff in a federal securities class action lawsuit filed against the Company and certain officers. The lawsuit has been filed in the U.S. …