Tiger Natural Gas, Inc. recently settled a class action privacy suit alleging that it illegally recorded sales calls with over 27,000 potential customers. Although Tiger hired a third party to handle its telemarketing, Tiger will pay $3.7 million on the claims as the advertiser with ultimate liability for non-compliance. According to the plaintiffs, neither company told …
Class-action suits can cost employers millions of dollars. Uber is awaiting a court decision on its own settlement proposal that would amount to a $1 per claimant. Uber drivers sued the company over wages and for allegedly misclassifying them as independent contractors instead of employees.
In August, financial services firms suffered some nasty operational risk losses as a result of problems such as market manipulation, misconduct and poor anti-money laundering (AML) compliance. But the largest loss stemmed from a class action lawsuit against insurance giant AIG. In the late 1990s, MedPartners, a physician practice management company that now operates as CVS Health, touted its …
A lawsuit claims that Pamela Smart was wrongly put into solitary confinement after a prison guard found a plastic cake knife in her cell. Pame Smart is serving a life sentence in a New York prison for her role in the 1990 murder of her husband, Gregg Smart, in Derry. In a federal lawsuit, Pame Smart alleges that the guard confiscated the knife in 2012, even though she had it for 17 years and it …
HSBC Holdings PLC’s (NYSE:HSBC) restructuring effort could be affected by increased litigation charges, in addition to new proposed regulation by the Basel Committee, for estimating operational risk. HSBC’s unit HSBC Finance Corp has agreed to settle the shareholder claims related to Household International, which are 14-years old, for the payment of worth $1.575 billion. HSC spokesman Rob …
In the midst of Brazil’s worst recession in decades, lawyer Thiago Jabor Pinheiro switched firms to focus full-time on one of the only booming fields in the scandal-plagued country: compliance and corporate ethics. For Pinheiro, a massive corruption investigation unfolding at state-run oil firm Petrobras offers a golden opportunity. The scandal broke just as a tough new anti- …