Spam Email Filter Could Cost ECUA Ratepayers Up $400,000 in Lawsuit
An email ending up in a spam folder may cost Emerald Coast Utilities Authority ratepayers up to an additional $400,000 in an eminent domain lawsuit. The Lewis Bear Co. filed a …
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Lawsuit: 1,000 Acres of Mixed-Use Development Exposed to Unsafe Radiation Levels
A Lakeland man’s federal lawsuit alleges thousands of people are in danger of radioactivity, living in communities developed on top of former phosphate mines. Jeff Jerue filed the lawsuit last week against Alabama-based Drummond Company on behalf of property owners of the Oakbridge and Grasslands developments. According to Jerue, the picturesque neighborhood he grew to love is now harboring a …
Lawsuit Accuses Three Insulin Manufacturers of Conspiring Together
A federal lawsuit is accusing three of the biggest drug manufacturers of insulin of conspiring together to raise their prices, but the pharmaceutical companies deny the allegations. The lawsuit, filed on in January in a federal court in Massachusetts, said Sanofi SA, Novo Nordisk and Eli Lilly & Co simultaneously hiked the price of the drug. Investment research firm SSR Health analyzed list …
New York Life Settles 401(k) Lawsuit for $3 Million
New York Life Insurance Co. has agreed to settle a lawsuit alleging the firm engaged in self-dealing in its 401(k) plans for the sum of $3 million. Plaintiffs brought the excessive-fee suit against New York Life in July 2016, seeking relief for alleged damages caused by fiduciary breach in two company retirement plans. New York Life neither admitted nor denied wrongdoing as part of the …
JPMorgan Sued for Self-Dealing in Its 401(k) Plan
JPMorgan Chase & Co. has been sued by a participant in its 401(k) plan for allegedly causing employees to pay millions of dollars in excessive fees through a scheme motivated by “self-interest.” The plaintiff claims JPMorgan, as well as various board and committee members with oversight of the $21 billion retirement plan , breached their fiduciary duties by, among other things, retaining …
Wells Fargo Hit With Class Action Over Target-Date Funds
Wells Fargo & Co. enriched itself at its employees’ expense by including costly, in-house target date funds in its 401(k) plan, a new class action complaint alleges ( Meiners v. Wells Fargo & Co. , D. Minn., No. 0:16-cv-03981, complaint filed 11/22/16 ). In the past year, several proposed class actions have targeted financial companies that include in-house investment products in …
Judge Weighs Final Approval of ‘Happy Birthday’ Lawsuit Settlement
A federal judge will decide whether to give the final sign off to the settlement of a class action lawsuit challenging Warner/Chappell Music’s claim to the song “Happy Birthday to You” after a group of plaintiffs contended that it is in the public domain. U.S. District Judge George King will consider the settlement of the case that calls for a $14 million fund to compensate those who licensed …
Lawsuit Against Natural Cigarette Maker Moved to New Mexico
A class-action lawsuit targeting a company behind a line of cigarettes touted as natural has moved to U.S. District Court in Albuquerque. Three men from California, New York and Florida are suing the maker of American Spirit cigarettes, Santa Fe Natural Tobacco Co., and its parent company, Reynolds American Inc. The plaintiffs say the cigarette maker’s marketing deliberately tries to mislead…
Lawsuit Over Duracell Batteries Guarantee Is Thrown Out
A federal judge threw out a lawsuit accusing Procter & Gamble Co (PG.N) of misleading consumers by guaranteeing that Duracell batteries would not fail for 10 years, when in fact the batteries might leak when used or stored normally. In a decision late Tuesday night, U.S. District Judge Lucy Koh in San Jose, California, rejected claims in the proposed class-action lawsuit that P&G and its …
Why Los Angeles’ Disastrous Gas Leak Won’t Get Shut Down Until February (At Earliest)
In the northwest corner of Los Angeles, gated communities and newly-built micro-mansions cluster through the mountains overlooking the San Fernando Valley. To the casual onlooker it would appear to be a typical day in the upscale neighborhood of Porter Ranch: Cars snake through the In-N-Out drive-thru, cyclists power past skateboarding teenagers down paved paths, and kids and parents can be …