Thousands of workers who invested their retirement savings in JPMorgan’s stable value funds got approval to sue the company as a certified class (In re JPMorgan Stable Value Fund ERISA Litig., S.D.N.Y., No. 1:12-cv-02548-VSB, order unsealed 4/17/17 ). The lawsuit accuses JPMorgan Chase & Co. of mismanaging its stable value funds—which are meant to be conservative, low-risk options that protect …
Borrowers who had a mortgage serviced by Wells Fargo between May 6, 2005 and July 1, 2010 will soon receive their share of a $50 million settlement stemming from allegations that Wells Fargo overcharged borrowers for Broker Price Opinions during that period. The settlement, which was initially announced in October, stems from a class action lawsuit against Wells Fargo that claimed that the bank …
The U.S. Supreme Court on Monday declined to halt a class action lawsuit against several containerboard manufacturers, which could now face trial on claims of price fixing by tens of thousands of buyers and nearly $12 billion in potential damages. The justices left in place a federal judge’s certification of the antitrust class action against manufacturers …
Rosen Law Firm, a global investor rights law firm, announces that it has filed a class action lawsuit on behalf of purchasers of Alliance MMA, Inc. securities (AMMA) pursuant and/or traceable to Alliance MMA’s initial public offering on or about October 6, 2016. The lawsuit seeks to recover damages for Alliance MMA investors under the federal securities laws. To join …
The courts could risk a flood of new litigation, which could chill efforts to object to future class action settlements, if a judge allows a prominent Chicago class action trial law firm to continue with a class action lawsuit accusing a rival firm of racketeering for acting as “professional objectors,” bent on extorting payoffs, according to a motion filed by that rival firm. On Monday, April …
Apple is urging a federal judge to shut down a false advertising class action brought by iPhone and iPad users who say they were duped into believing that phones would protect their privacy. The company’s request, filed late last week, is the latest development in long-running litigation over allegations that Twitter, Yelp and other app developers uploaded people’s address books. The dispute …
Being able to prove fault in a healthcare data breach class action lawsuit is inherently difficult, but it is also important to understand the privacy expectations, according to a recent Corporate Clients Insight blog post. Data breach cases are not as simple for plaintiffs as it may seem, wrote LeClairRyan Partner Chad Mandell. It is hard to prove proper legal standing “and …
Retail giant Nike has been hit with a wage and hour lawsuit based out of California that alleges numerous violations to California wage and hour law, as well as other employment tenets. The most compelling aspect of the lawsuit is the alleged requirement by defendant Nike Retail Services Inc. that store employees, alleged to be …
Victims of the diluted chemotherapy drugs scandal will be getting $1.8 million, after a Superior Court judge approved a negotiated class-action settlement. The total settlement for 1,194 victims is for $2.375-million. Lawyers will get $400,000 and $75,000 has been earmarked for administrative costs.
A Superior Court judge has approved a $2.375-million class-action settlement for the 1,194 victims of the diluted chemotherapy drug scandal, dashing the hopes of some patients who objected that their $1,500 share is a slap in the face. “I’m in pieces about it,” said Louise Martens, a Windsor woman who was one of the most vocal opponents of the proposed settlement. She was one of a dozen people …