This includes a $690 million charge made during the first quarter of 2019 related to outstanding litigation and potential fines related to its 2017 cybersecurity incident. The funds will be dedicated to covering legal action brought by federal and state regulators and federal class action cases, said Mark W. Begor, Equifax’s CEO, during an earnings call made last week. Berger also told …
Massachusetts Financial Services Co. agreed to settle a class action by employees challenging the affiliated mutual funds in their 401(k) plans. The lawsuit accuses MFS of mismanaging the plans, which together hold more than $500 million, by offering high-cost funds affiliated with the company and by failing to investigate lower-fee options. More than 99 percent of the plans’ assets were held …
States Sue Drugmakers Over Alleged Generic Price-Fixing SchemeEnlarge this image Jose A. Bernat Bacete/Getty Images Jose A. Bernat Bacete/Getty ImagesConnecticut Attorney General William Tong has a skin condition called rosacea, and he says he takes the antibiotic doxycycline once a day for it. In 2013, the average market price of doxycycline rose from $20 to $1,829 a year later. The suit is a …
New Delhi (CNN Business) PepsiCo has backed down from a controversial fight with Indian farmers it accused of illegally growing its registered potatoes. The company is withdrawing a lawsuit it filed last month against four small Indian farmers for growing a potato variety it had registered for exclusive use in Lays potato chips. “After discussions with the [Indian] government, the company has …
An attorney representing dozens of survivors and family members of victims killed in the Pulse nightclub massacre amended their negligence lawsuit on Thursday to claim the club’s owners illegally transferred it to another company months after the incident. The suit now alleges Pulse owners Barbara and Rosario Poma made the change to prevent those suing them from being privy to its value. At the …
Canadians join lawsuits against Apple A class action lawsuit was filed in Ontario Superior Court against Apple on Friday February 23. The Ontario-based legal action joins over 40 other lawsuits against the high-tech giant. It alleges that the company deliberately slowed the functioning of several models of iPhone in a process known as “throttling” or slowing down the functioning of the phone’s …
Charter Communications Inc must face a lawsuit by New York’s attorney general accusing the cable company of providing customers slower-than-advertised internet speeds, a New York state judge ruled. Justice O. Peter Sherwood of the state Supreme Court in Manhattan rejected Charter’s claim that Attorney General Eric Schneiderman failed to plausibly allege the company had …
Kanye West scored a legal victory against the insurer behind his short-lived “Saint Pablo” tour, which the rapper canceled following a mental breakdown. Lloyd’s of London finally agreed to pay the majority of West’s policy, according to TMZ. The company initially refused to pay up because they believed the star’s breakdown was brought upon by alleged marijuana use.
Spotify today has been hit with a pair of lawsuits that accuse the streaming service of “staggering” copyright infringement. Spotify is no stranger to issues with royalty payouts and licensing problems, and while the company has taken steps to improve in those areas, these lawsuits claim it still has a long way to go… Sylvania HomeKit Light Strip As noted by The Hollywood Reporter, the the …
This notice relates to a proposed voluntary dismissal by the plaintiffs in each of four pending shareholder derivative actions, and is being given pursuant to an order of The United States District Court for the District of Utah. The purpose of the notice is to …