Organizers of the failed Fyre Festival have been hit with another lawsuit — this time from an investor who claims the fiasco was a massive fraud from the start. Oleg Itkin of Manhattan says he handed over $700,000 from January to April after organizer William McFarland showed him a “projected income statement” showing $932 million in expected revenue by November 2017, according to court papers. …
Individuals who filed claims as part of a $52 million class-action settlement that alleged milk price fixing may only be getting $6 to $6.50 back. A 2011 lawsuit claimed that some dairy co-ops and others conspired to fix prices by reducing the size of their herds, thus raising the price of milk. Courthouse News Service also reported the class affects consumers who purchased cream, half & half, …
The city is delaying borrowing $300 million to support a massive rebuild of the city’s parks, libraries and community centers as a lawsuit over the new sugar-sweetened beverage tax snakes through the courts system. Mike Dunn, a spokesman for Mayor Jim Kenney’s administration, told Billy Penn Tuesday that in addition to delaying the borrowing of that $300 million, the city …
Active and retired Kentucky public school teachers plan to file a class-action lawsuit Tuesday against Kentucky Gov. Matt Bevin and the Kentucky Legislature for allegedly illegally underfunding the $17.5 billion Kentucky Teachers’ Retirement System, Frankfort, said Randolph Wieck, one of the plaintiffs. The lawsuit, expected to be filed in Franklin Circuit Court in Frankfort, will allege that …
A 16-year-old girl said she was sexually harassed by two managers at the Chipotle restaurant on Eldridge Parkway in the Energy Corridor in west Houston for four months in 2013. This week, a jury awarded her and her attorneys a multimillion-dollar judgment. The now-16-year-old told KPRC 2, “It was definitely hard.
MasterCard Inc (NYSE:MA) is facing an expensive lawsuit, which is expected to increase its litigation cost by the end of 2016. The payment processing company is accused of imposing additional card charges, which were ultimately borne by British consumers. It might be the first US-style class action lawsuit in the UK, which might increase the uncertainty associated with the stock.
German automaker Volkswagen Group is expected to deliver a $10 billion settlement to cover government fines and compensate owners of vehicles fitted with software …