Jonathan Stempel| NEW YORK NEW YORK HSBC Holdings Plc on Thursday won the dismissal of a lawsuit by former Bernard Madoff customers who accused the British bank of fuelling his massive Ponzi scheme by ignoring red flags and encouraging “feeder funds” to invest with him. U.S. District Judge Laura Taylor Swain in Manhattan said a federal law governing securities fraud cases prevented the …
Class Counsel Stephen M. Harris and Robert L. Starr announce that a settlement has been reached in a class action lawsuit filed on behalf of certain MINI Cooper owners or lessees who have faced or will face repairs to their vehicle due to an alleged defective water pump prone to …
CFPB Proposal Would Effectively Eliminate Most Pre-Dispute Consumer Arbitrations To no one’s surprise, the Consumer Financial Protection Bureau (CFPB) proposed rules on May 5, 2016 that will effectively, if promulgated as expected, eliminate most pre-dispute arbitrations arising out of the sale of consumer financial products. As detailed below, the proposed rules would, among other things: (1) …
Purchasers of the Covered Products who are dissatisfied with their purchase and submit a claim form may receive a monetary payment or an extended warranty. In order to stay in the Settlement Class and receive payment, you must submit a claim form online at www.XHoseClassSettlement.com, or by mail no later than August 29, 2016. The payment amount will be based on the number of …