A class-action lawsuit filed against Wells Fargo last week might be hamstrung at the starting line, legal experts say. Customers who had bank or credit card accounts opened in their name without their knowledge face an uphill battle even getting a court to hear their case because of mandatory arbitration contract clauses that protect banks from class-action suits, consumer advocates say. John …
The leaders of a Congressional subcommittee are urging the Consumer Financial Protection Bureau to include a safe harbor provision in its final set of rules prohibiting arbitration clauses that prevent class action lawsuits. U.S. Reps. Randy Neugebauer, R-Texas, who chairs the House Financial Services Committee’s Subcommittee on Financial Institutions and Consumer …
While dismissing a proposed class action lawsuit against Starbucks for allegedly cheating customers out of a few precious ounces of cold drinks by adding ice, a federal judged mocked the plaintiffs for their apparent lack of common sense. The lawsuit claims Starbucks “systematically defrauds its customers” by adding ice to cold drinks, which means there’s less space for the liquid. To make …
Starbucks’ legal department ought to be sipping celebratory Frappuccinos right now, because a proposed class-action lawsuit against the coffee giant was just dismissed. Filed back in May in California federal court, the suit alleged Starbucks misrepresents the size of its iced beverages: While the menu advertises a tall as 12 ounces and a grande as 16 ounces, et al, the plaintiffs said that …
Some of the fine print on bank account, credit card, and loan forms may soon get a rewrite that restores legal rights millions of Americans unknowingly waive when they swipe a piece of plastic or borrow money. Monday is the deadline for public comment on a federal Consumer Financial Protection Bureau proposal to curb so-called “forced arbitration” clauses — dense language buried deep in the …
Today, the Consumer Financial Protection Bureau closes the comment period on its proposed rule to enrich trial lawyers at the expense of consumers. The Bureau misleadingly styles its proposal as one to regulate arbitration agreements. The truth is that the proposal is very intentionally designed for the singular goal of promoting class action lawsuits—the number one policy priority of the trial …
Hach Rose Schirripa & Cheverie, LLP filed a consumer class action lawsuit against Belle Tire Distributors, Inc. d/b/a Belle Tire and certain related entities in Michigan State Circuit Court, Wayne County (No. 16-009952-CZ) on behalf all persons who were induced to purchase and replace undamaged tires at Belle Tire service locations during the …
Greenberg Traurig’s Jennifer Gray, shareholder and co-chair of the firm’s Consumer Financial Services Litigation Practice, will be speaking this week at ACI’s National Conference on Consumer Finance Class Actions & Litigation. …
Thursday, a unit of HSBC Holdings said it will pay $1.575 billion in order to end a 14-year old shareholder class action lawsuit. The lawsuit stems from questionable mortgage lending undertaking more than a decade ago from the Household International consumer finance business that HSBC bought in 2003, according to an article by Jonathan Stempel for Reuters. In the second quarter, the company …
Plaintiff Tells Why She Sued Microsoft After Windows 10 Upgrade Microsoft has lost a California lawsuit charging that an unauthorized Windows 10 upgrade disrupted a business, and the plaintiff today explained her case. The lawsuit was brought by Teri Goldstein, CEO and owner of TG Travel Group LLC, based in Sausalito, Calif. Goldstein was awarded $10,000 after an unexpected Windows 10 upgrade …