District

U.S. Judge Narrows Currency Rigging Lawsuit Against Seven Banks

The U.S. judge overseeing litigation accusing 16 banks of rigging prices in the $5.3 trillion-a-day foreign exchange market on Tuesday narrowed but refused to dismiss lawsuits against Deutsche Bank (DBKGn.DE), Morgan Stanley (MS.N) and five other large banks that have yet to settle. U.S. District Judge Lorna Schofield in Manhattan dismissed antitrust claims …



The Rosen Law Firm, P.A. Announces Proposed Class Action Settlement on Behalf of Purchasers of Common Stock of Electronic Game Card, Inc.

SANTA ANA, Calif., Sept. 19, 2016 — The Rosen Law Firm, P.A. announces that the United States District Court for the Central District of California Southern Division has approved the following announcement of a proposed class action settlement that would benefit purchasers of common stock of Electronic Game Card, Inc.: SUMMARY NOTICE OF CLASS ACTION SETTLEMENT TO: ALL PERSONS WHO PURCHASED THE …


Valley Center Teacher Suing District, Citing Breach of Contract

A Valley Center teacher is suing the district, citing breach of contract after she was terminated without due process earlier this year. Janet Decker, who worked as a gifted-program coordinator at Valley Center High School and Valley Center Middle School for 16 years, was issued a notice in April that her contract would not be renewed for the current school year, according to a lawsuit filed …


McCrory Drops Duplicate HB2 Lawsuit Against Feds :: WRAL.com

Gov. Pat McCrory on Friday dropped one of the state’s lawsuit with the federal government over the legality of House Bill 2, leaving untouched a separate and similar contest in a different judicial district. The now-dropped lawsuit was filed in May by McCrory and Frank Perry, secretary of the North Carolina Department of Public Safety, in the Eastern District of North Carolina …



HSBC Wins Dismissal of Madoff Customer Class Action in U.S.

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 …


Chipotle Slapped With Racial Discrimination Lawsuit

Chipotle’s latest debacle has arrived in the form of a racial discrimination lawsuit. A former employee in California filed suit against the downtrodden burrito chain on Tuesday, claiming she was fired after complaining about preferential treatment given to other employees, MyNewsLA reports. According to the suit, Sheqweshu Clark began working at a Chipotle in El Segundo in June 2012 and “was …


US Judge Vacates Och-Ziff Class Action Lawsuit Hours After Certifying It

A federal judge on Wednesday certified a class-action lawsuit against Och-Ziff Capital Management related to a bribery probe, only to throw out the certification six hours later after being advised that the company had not had a chance to object. The reversal by U.S. District Judge Paul Oetken in Manhattan came in a lawsuit in which Och-Ziff shareholders accused the largest publicly traded U.S. …


Och-Ziff Says U.S. Judge Ignored Own Deadline in Class Action

Lawyers for Och-Ziff Capital Management Group LLC said a federal judge ignored his own deadline by certifying a class-action lawsuit tied to a bribery probe on Wednesday without giving the largest publicly traded U.S. hedge fund company a chance to object. U.S. District Judge Paul Oetken in Manhattan said Och-Ziff shareholders from February …