Market

Class-Actions Sep 16, 2016

Hagens Berman: Class-Action Lawsuit Uncovers Years-Long “Unparalleled” Antitrust Scheme by Tyson, Perdue and Others to Raise Chicken Prices

A new class-action lawsuit has unveiled an eight-year-long antitrust, price-fixing scheme brought by major food conglomerates, including Tyson and Perdue Farms, alleging they killed hens, flocks and destroyed eggs to limit production and raise the price of 98 percent of the chicken sold in the U.S. by nearly 50 percent, according to Hagens Berman. The suit calls the …

News Sep 12, 2016

House Unanimously Passes Saudi 9/11 Lawsuit Bill

Heading into the weekend that will mark the 15th anniversary of 9/11, the House of Representatives has unanimously passed the Justice Against Sponsors of Terrorism Act (JASTA). The bill passed by unanimous voice vote, as it did in the Senate back in May.

Lawsuits Sep 12, 2016

MasterCard Faces $19B Lawsuit in UK Over Illegal Card Fees

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 …

News Sep 1, 2016

P2P Firm Troubled by Lawsuits Due to the New Rule

Yirendai, the first Chinese peer-to-peer lender that went public in US, was getting into several class action lawsuits on share price decline in US stock market, as foreign investors concerned about the regulation taken out by the Chinese government would hit the firm. New York and New Jersey-based law firm Bronsteinï¼Gewirtz & Grossman filed lawsuit on Yirendai of “materially false misleading …

Notices Aug 19, 2016

Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against SunPower Corporation (SPWR) and Encourages Investors to Contact the Firm

Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the United States District Court for the California Northern District Court on behalf of all persons or entities who acquired SunPower Corporation (NASDAQ:SPWR) securities between February 17, 2016 and August 9, 2016 (the “Class Period”). On August 9, 2016, SunPower issued a press …

Notices Aug 17, 2016

INVESTOR NOTICE: Goldberg Law PC Announces Securities Class Action Lawsuit Against SunPower Corporation and Encourages Investors With Losses to Contact the Firm

Goldberg Law PC (the “Firm”) announces that a class action lawsuit has been filed against SunPower Corporation (“SunPower” or the “Company”) (Nasdaq: SPWR). Investors who purchased or otherwise acquired shares between February 17, 2016 and August 9, 2016 inclusive (the “Class Period”) are encouraged to contact the Firm in advance of the October 17, 2016 lead …

Lawsuits, Legal News Jul 29, 2016

In Answer to DOJ Lawsuit, Anthem Argues Cigna Deal Would Boost ACA Exchanges

Anthem threw punches back at the U.S. Justice Department’s attempt to block the insurer’s acquisition of Cigna Corp. The response signals Anthem will indeed litigate the case to the end even though many analysts and policy experts say the company is unlikely to win In a newly filed legal response, Anthem’s lawyers argued the deal to buy Cigna is “procompetitive” and specifically would allow …

Lawsuits Apr 22, 2016

Accounting Class-Action Filings Rose Again in 2015

A new report from Cornerstone Research indicates that securities class-action filings with accounting allegations rose for the third consecutive year. According to Accounting Class Action Filings and Settlements – 2015 Review and Analysis, the 71 filings last year exceeded the average over the past decade of 67 filings. There were 69 accounting-related case filings in 2014.

Lawsuits Apr 13, 2016

Uber May Be the Ridesharing Goliath in the US, but Internationally It’s Become a Wounded, Whining David

Yesterday, the coalition of billionaires and entrepreneurs wanting to destroy Uber launched an already promised service: The ability for Lyft to fulfill rides booked via Didi Kuaidi’s app in the United States. It’s the first step in an ambitious plan where Grab, Ola, Didi, and Lyft– the four major Uber spoilers in the world– will work together to provide a global ride sharing solution. It’s …

Lawsuits Mar 20, 2016

Supermarket Sues Banks Over Chip Card Shift, Says It Lost $10K in 4.5 Months [Updated]

A small supermarket chain in Florida says that it has been ready for the shift to chip-based cards—but it can’t get certified. A Florida-based supermarket and liquor store chain has sued a variety of card networks and card issuers (PDF)—including Visa, MasterCard, American Express, Wells Fargo, and a number of others—over a recent shift in credit card technology that took place in the US last …