Class


IMPORTANT INVESTOR DEADLINE: Lundin Law PC Announces Securities Class Action Lawsuit Against TEEKAY CORPORATION and Encourages Investors With Losses to Contact the Firm

Lundin Law PC announces that a class action complaint has been filed in the U.S. District Court for the District of Connecticut, against Teekay Corporation (“Teekay” or the “Company”) (TK). Investors who purchased or otherwise acquired shares between June 30, 2015 and December 17, 2015, inclusive (the “Class Period”), are encouraged to contact the …



Accounting-Based Class Suits, Settlements Reach New Highs

Accounting-related securities class action filings hit a four-year high in 2015, a new Cornerstone Research report found. According to the April 19 report, 71 securities class actions involving accounting allegations were filed during the year, compared to the 69 cases seen in 2014 and the 10-year average of 67 filings. The report said the increase represented “a return to the more …




The Future of Class Actions: The Impact of Justice Scalia’s Death on Upcoming Rulings

There is no doubt that the death of Supreme Court Justice Antonin Scalia will have major repercussions on Supreme Court jurisprudence. A 30-year veteran of the Court, Justice Scalia was known for his originalist positions and scathing dissents. He was also the fifth conservative vote on a court that now finds itself divided, which has not only set off a bitter political fight regarding his …


Saint John Paid Investigation Firm $446K in Kenneth Estabrooks Case

The City of Saint John has paid $446,000 to a private investigation firm working on the Kenneth Estabrooks case and taxpayers could be exposed to millions more in compensation settlements, according to a lawyer working for alleged victims. Estabrooks was a city police officer who was found guilty in 1999 of indecent assault against four children in cases dating back to the 1950s. In October …


Judge Ruth Denies Request for Defense Litigation Plans in MC Class Action; Says Motion to Compel Premature in Dispute Over Extra $1 FOID Card Fee

Madison County Circuit Judge Dennis Ruth denied an Illinois resident’s motion to compel the state’s treasurer and Firearms Services Bureau chief to provide their litigation plans and personal information on all Illinoisans who were charged $1 more than state statute allows when they applied for a firearm owner idenficiation card (FOID). Wood River attorney Thomas Maag filed the class action on …


Uber’s Class-Action Settlement With Drivers Means Almost Nothing Is Changing

Last week, Uber settled a class action employee misclassification suit in California and Massachusetts that, had it lost, could have forced the company to reevaluate its core business model. At the center of the case was whether drivers are indeed independent contractors, as Uber would have it, or should be classified as employees. The main distinction is that if drivers are employees, then …