The possibility of death always confronts skydiving thrill-seekers. Even with the most extreme degrees of caution — having top-notch equipment, ensuring for good weather — jumping out of a plane carries a certain level of risk. The Labor Department’s fiduciary rule is similar, in that the specter of litigation lurks no matter the compliance caution taken by brokerages and other financial …
SAN FRANCISCO (Legal Newsline) – Wells Fargo shareholders this week filed a class action lawsuit against the bank, its chairman and CEO, CFO and the former head of its community banking division, alleging the Wells Fargo executives “concealed” the fact that the source of the bank’s record so-called “cross-selling” was based on fraudulent activity. “While bragging about the Company’s cross- …
Wal-Mart has decided to appeal the court’s decision in the near future Published By: Jawwad Iqbal on September 22, 2016 09:35 am EST It appears that Wal-Mart Stores, Inc. (NYSE:WMT) maybe tied in a high profile litigation battle soon. According to an earlier report published on Reuters, the company is being slapped with a lawsuit leveled by shareholders who feel defrauded by Wal-Mart for hiding …
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 …
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Sept. …
WILMINGTON, Del., Sept. 15, 2016 — Rigrodsky & Long, P.A. : Rigrodsky & Long, P.A. announces that a complaint has been filed in the United States District Court for the Central District of California on behalf of all persons or entities that purchased the common stock of AECOM (“AECOM” or the “Company”) (NYSE:ACM) between February 11, 2015 and August 15, 2016, inclusive (the “Class Period”), …
The PNC Financial Services Group, Inc. PNC has agreed to pay atleast $24 million to settle a class-action lawsuit against Community Bank of Northern Virginia. The Community Bank was purchased by Mercantile Bankshares Corp. in 2005, a year before PNC Financial acquired the Baltimore-based Mercantile. The company, thereby, assumed the on-going lawsuit against the bank.
Andrew MacAskill| LONDON LONDON Some 46 million people in Britain could potentially benefit from a legal case brought against Mastercard (MA.N) demanding 14 billion pounds ($19 billion) in damages for allegedly charging excessive fees, according to court documents filed in London. The case brought by a former chief financial services ombudsman alleges the payments company charged unlawfully …
British customers of MasterCard are going after the financial services corporation over charging illegally high fees on store transactions for more than a decade. The class action lawsuit, filed last week at London’s Competition Appeal Tribunal by law firm Quinn Emanuel, wanted MasterCard to pay £14 billion ($18.6 …
Rosen Law Firm announces that it has filed a class action lawsuit on behalf of purchasers of BlueNRGY Group Limited, f/k/a CBD Energy Limited (NASDAQ:CBDE) stock from June 13, 2014 through October 24, 2014 (the “Class Period”). The lawsuit seeks to recover damages for BlueNRGY investors under the federal securities laws. To join the BlueNRGY class action, go to the …