The U.S. Supreme Court has asked the solicitor general to weigh in on a jurisdiction question for a federal securities lawsuit out of California. The case of Cyan Inc. vs. Beaver County Employees Retirement Fund is currently in front of the nation’s highest court. The issue at hand is whether state courts lack subject matter jurisdiction over specific class actions.
Robbins Geller Defeats Defendantsâ Motion for Reconsideration in Securities Class Action Against Willbros Group, Inc. In an order dated September 15, 2016, Judge Keith P. Ellison of the U.S. District Court for the Southern District of Texas denied defendants’ motion for reconsideration of the court’s order denying defendants’ motion to dismiss in a securities class action charging Willbros …
U.S. Patent and Trademark Office Director Michelle Lee faced a barrage of questions and criticism from primarily Republican lawmakers on Tuesday at a U.S. House of Representatives’ Judiciary Committee hearing, over reports issued in recent months that took the agency to task over patent quality and employee attendance issues. A federal appeals court has ordered a federal judge in Philadelphia …
Per Bloomberg news, Facebook Inc. (FB – Analyst Report) has crushed a bid for a class action lawsuit that accused the social media company of “automatically and surreptitiously” giving advertisers access to personal information of its users. Users claimed that Facebook gave away details like usage of website to advertisers when they clicked on the ads, undermining Facebook’s own “explicit …
A proposed class action settlement has been reached in Reyes v. Zions First National Bank, Case No. 10-cv-0345, pending in federal court in the Eastern District of Pennsylvania. The Plaintiff alleged that between October 2006 and March 2010, Zions First National Bank, NetDeposit, LLC, MP Technologies d/b/a Modern Payments and Teledraft, Inc., violated federal law by initiating debits on …
Valeant Pharmaceuticals International, Inc. (NYSE:VRX) was amid the mix trends movers as shares knock down -1.88% to $30.25. Two groups filed a suit Valeant Pharmaceuticals International Inc. in a proposed class-action court case Monday, claiming the firm’s relationship with specialty mail-order pharmacy Philidor Rx Services was illegal and allowed Valeant to overcharge and wrongly charge for …
A few days ago, we posted about an upcoming legal battle for the rights to Friday the 13th. The battle is between original writer Victor Miller and Horror, Inc. and Manny Company and may very well determine who has the power to license new entries in the franchise. In order to get more information on this matter, Fridaythe13thFranchise reached out to Larry Zerner (who played Shelly in Friday …
The Shareholders Foundation, Inc. announces that a lawsuit is pending in Louisiana on behalf of certain purchasers of shares of Amedisys Inc (AMED) over alleged Securities Laws Violations by Amedisys Inc. Investors who purchased shares of Amedisys Inc (AMED) prior to August 2008 and continue to hold any of those NASDAQ:AMED shares have also certain …
The Shareholders Foundation announced that a deadline is coming up on August 22, 2016 in the settlement reached in the securities class action lawsuit filed on behalf of investors in NYSE: GNW shares between October 30, 2013 and November 5, 2014. Investors who purchased a significant amount of shares of Genworth Financial Inc (NYSE: GNW) between October 30, 2013 and November 5, 2014, have …
Apple Inc has been sued by owners of iPhone 6 and iPhone 6 Plus smartphones who say a design defect causes the phones’ touchscreens to become unresponsive, making them unusable. According to a proposed nationwide class-action lawsuit filed on Saturday, Apple has long been aware of the defect, which often surfaces after a flickering gray bar appears atop the touchscreens, but has …