Twitter is being sued by a shareholder over claims that it misled investors about its prospects for growth. Doris Shenwick has accused the company of making false statements about the company’s predicted user count and user engagement levels, causing wild fluctuations in Twitter’s stock prices. Shenwick claims Twitter executives misled investors in November 2014 when they promised an increase …
Former Red Sox pitcher Curt Schilling and others agreed to a $2.5 million settlement to end their part of a lawsuit brought over Rhode Island’s disastrous $75 million deal with 38 Studios, his failed video game company. If approved by the judge overseeing the lawsuit, the agreement filed Monday with four 38 Studios officials brings an …
The man who created the TED conference is embroiled in a multimillion-dollar legal dispute over the sale of a TED spinoff. Richard Saul Wurman is an architect and graphic designer who founded TED in 1984 to focus on technology, entertainment and design. He created TEDMED in 1995 to focus on health and medicine, and has since sold them both.
The plaintiffs in a class action lawsuit against Caribbean Cruise Line and a tax-exempt non-profit group, among others, for their alleged robocalls — which offered a free cruise for taking part in a political opinion survey — reportedly could get a record $76 million. Nicole Su, an associate in Dorsey Whitney LLP’s Southern California office, reported earlier this …
PNC Financial Services Group will pay at least $24 million to settle class-action claims that a Virginia bank it acquired charged excessive fees and kicked back money to a mortgage broker for customer referrals. The settlement first reported Tuesday by the Pittsburgh Tribune-Review is detailed in documents filed in U.S. District Court, Pittsburgh. It stems from claims filed …
Residents of New Hampshire, 14 other states and the District of Columbia can now file a claim for part of a $52 million dairy anti-trust settlement. The settlement was reached earlier this month in a federal class-action lawsuit alleging that National Milk Producers Federation, through its voluntary farmer-funded national program, Cooperatives Working Together, artificially limited raw milk …
BENSALEM, Pa.–(BUSINESS WIRE)–Law Offices of Howard G. Smith announces that a class action lawsuit has been filed on behalf of investors who purchased Quorum Health Corporation (“Quorum” or the “Company”) (NYSE: QHC) securities: (1) pursuant and/or traceable to Quorum’s false and misleading Registration Statement issued in connection with the Company’s spinoff from Community Health Systems, …
In August, financial services firms suffered some nasty operational risk losses as a result of problems such as market manipulation, misconduct and poor anti-money laundering (AML) compliance. But the largest loss stemmed from a class action lawsuit against insurance giant AIG. In the late 1990s, MedPartners, a physician practice management company that now operates as CVS Health, touted its …
Almost two months ago, Gretchen Carlson (seen above looking like she’s posing for her ConservativeMingle.com profile picture) dropped a sexual harassment lawsuit into the laps of former Fox News chairman (and current Trump employee) Roger Ailes and her former employers at Fox News. Gretchen accused Roger of a mountain of inappropriate stuff, like …
GM settled the final two of six bellwether cases designed to set the pattern for future settlements related to the maker’s faulty ignition switches. General Motors Co. agreed to settlements in the final two ignition-switch cases slated for trial in a New York federal court this year. Terms of the settlements were not disclosed.