Credit

How to Collect on Washing Machine Lawsuits

Mark Ackerman DENVER (CBS4) – Some of the top washing machine manufacturers have settled class action lawsuits after consumer complaints about problems with mold and odors. Michael Vogler was one of the lead plaintiffs who told CBS affiliate KTVT in Dallas his front-loader washing machine was a “clothes soiler instead of a clothes washer.” (credit: CBS) Vogler said he noticed his allergy …


Judge Dismisses $24 Billion Lawsuit Against Credit Suisse

A federal judge has dismissed a $24 billion lawsuit accusing Credit Suisse of running a predatory loan-to-own scheme that plaintiffs claimed loaded four luxury ski and golf resorts with debt so it could foreclose on their assets. Judge Justin L. Quackenbush of the U.S. District Court in Idaho granted a request from Credit Suisse and real estate adviser Cushman & Wakefield for summary judgment, …


Appeals Court Nixes $7.25B Credit Card Swipe Fee Settlement

A $7.25 billion settlement between merchants and Visa Inc. and MasterCard Inc. over credit card transaction fees was rejected Thursday by a federal appeals court, a ruling praised by a retail trade association as a victory for consumers. The 2nd U.S. Circuit Court of Appeals in Manhattan said the 12 million merchants covered by the antitrust class action were inadequately represented by law …


Federal Court Rejects Visa and Mastercard Class Action Settlements

In a unanimous ruling on Thursday, the US Court of Appeals for the Second Circuit rejected a settlement agreement between retailers and credit card issuers. Millions of retailers had reached a $7.25 billion antitrust settlement [NYT report] with Visa USA and MasterCard International [corporate websites] in 2013. However, after determining that some of …


You May Have Free Cash on Amazon After New Apple Settlement

On the heels of a Ticketmaster class action settlement that refunded ticket vouchers to more than 50 million users Saturday, Amazon e-book consumers may have free cash waiting for them as well. Following an antitrust settlement between the Department of Justice and Apple, who was accused of price fixing within its electronic book sales, anyone who purchased an e-book from a major publisher …


Your iBooks Price Fixing Credit Is on Its Way

Don’t fret about your piece of Apple’s e-book price fixing settlement — the check is in the mail, virtually speaking. The attorneys behind the class action lawsuit have revealed that digital credits from the case will start reaching book buyers from various online bookstores (including Apple’s iBooks as well as Amazon and Barnes & Noble) as early as June 21st. What you’ll get depends on what …


Wendy’s Hit by Class Action Lawsuit Over Massive Credit Card Breach

Veridian Credit Union recently filed a class action lawsuit against Wendy’s in response to a credit card breach that hit the fast food vendor’s point of sale (POS) systems starting in the fall of 2015, Law360 reports. The class action, filed on behalf of all U.S. financial institutions whose customers were affected by the breach, claims that Wendy’s failed to prevent the breach by updating its …


Amazon Issues Credits in E-Book Settlement

In November 2014, a federal court approved a Settlement of antitrust lawsuits brought against Apple, Inc. (“Apple”) by State Attorneys General and Class Plaintiffs about the price of electronic books (“eBooks”). Those settlements resulted in credits for qualifying Kindle books purchased between April 1, 2010 and May 21, 2012. These credits are funded by Apple. …


Rockhurst University Is Sued Over Data Breach in Phishing Scam

A Rockhurst University employee hopes to represent some 1,200 school staffers in seeking damages for a data breach last month. Someone duped university staff into supplying information on IRS W-2 forms, including Social Security numbers, in an act of fraud April 4. The lawsuit filed Thursday in Jackson County Circuit Court by Alexandria Stobbe said the university was willful and reckless in …


Give It a New Name

If government–or at least government regulators, apparatchiks and other place-holders–get their way, it’s going to be a lot easier to sue your bank. Just what this country needs. …