The largest auto maker settlement to date may not be enough to buy back the trust of some drivers. On June 28, Volkswagen VOW, +4.15% submitted a settlement plan worth $14.7 billion to a federal judge following the company’s admission in September of cheating emissions tests by placing a “defeat device” in 11 million of its diesel vehicles world-wide. The settlement gives about 475,000 diesel …
The trial for a class-action lawsuit over a West Virginia chemical spill that polluted 300,000 people’s drinking water has been rescheduled for October. The Charleston Gazette-Mail reports (http://bit.ly/29sHmwz ) that U.S. District Judge John T. Copenhaver in Charleston announced …
Glancy Prongay & Murray LLP (“GPM”) announces that a class action lawsuit has been filed against Halyard Health, Inc. (“Halyard” or the “Company) (HYH) and Kimberly-Clark Corporation (“Kimberly-Clark” or the “Company”) (KMB) on behalf of investors who (1) purchased or otherwise acquired Kimberly-Clark securities on or after February 25, 2013 and subsequently …
Palo Alto-based Theranos is in the midst of a class-action lawsuit after the company revealed in May the results of thousands of its blood tests had to be thrown out because of unreliable results. Theranos, according to its website, gets its name from a combination of the words therapy and diagnosis. The company collects blood using a finger-stick device it called Edison, which …
Investors believed that the company’s leadership had committed securities fraud by saying that the printers in question were of good quality. The court responded by describing the statements as “non-actionable puffery,” the sort of easily-ignored, meaningless goodwill-generating business speak that CEOs often say. In addition, the court found that while there was some internal discussions about …
MasterCard Inc (NYSE:MA) is facing an expensive lawsuit, which is expected to increase its litigation cost by the end of 2016. The payment processing company is accused of imposing additional card charges, which were ultimately borne by British consumers. It might be the first US-style class action lawsuit in the UK, which might increase the uncertainty associated with the stock.
Law office of Brodsky & Smith, LLC announces that it is investigating potential claims against the Board of Directors of The WhiteWave Foods Company (“WhiteWave” or “the Company”) (NYSE- WWAV-News) for possible breaches of fiduciary duty and other violations of state law in connection with the sale of the Company to Danone SA (“Danone”). Click here …
Wolf Haldenstein Adler Freeman & Herz LLP announces that a class action lawsuit has been filed in the United States District Court for the District of New Jersey on behalf of purchasers of Lipocine, Inc. (“Lipocine” or the “Company”) (LPCN) between June 30, 2015 and June 28, 2016, inclusive (the “Class Period”). Shareholders who have purchased …
Billabong is paying out $45 million to end a shareholder class action over earnings downgrades which saw the surf clothing company’s share price tumble in 2011. A short time ago, Billabong shares were down 0.76% to $1.31, well down on the 12-month …
The physician who used a non-FDA-approved bone cement during a woman’s spinal surgery and the company that ran an illegal test market to promote the dangerous product should be held accountable for her death, a lawyer for the woman’s daughter told a jury Monday. Reba Golden was vibrant and healthy when she agreed to let Dr. Jens Chapman operate on her back in 2007, but the surgeon never told …