A US district judge has rejected a proposed $100 million settlement in a pair of class action lawsuits filed in California and Massachusetts, saying the proposed settlement was neither fair nor adequate. “The settlement, mutually agreed by both sides, was fair and reasonable,” said Uber in a statement. “We’re disappointed in this decision and are taking a look at our options.”
A U.S. judge on Thursday rejected an attempt by Uber Technologies Inc to settle a class action lawsuit with drivers who claimed they were employees entitled to expenses. In a case that has been closely watched in Silicon Valley, where many companies use on-demand workers, U.S. District Judge Edward Chen in San Francisco ruled that the …
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 …
Five days ago, a nationwide class-action lawsuit was filed against the Hall of Fame and the NFL for the cancellation of the annual preseason game in Canton, Ohio. To date, the NFL has said nothing about it. More than a day after PFT requested comment from the league regarding the litigation and the unique settlement offer made by lawyer Michael Avenatti on Monday morning, the NFL has not …
Megan van Ooyen is a senior associate business operations specialist in the OpRisk Global Data group at SAS in North Carolina It’s been two years since the peak of the regulatory fallout from residential mortgage-backed securities. Since then, regulatory fines and settlements, which tend to result in the largest operational risk losses for financial services firms, have largely settled down. …
When the technology firm SPARC sold the core of its business last fall, its executives were in for a big payday. Their incentive packages, intended to give them a stake in the company’s success, awarded them a slice of the eight-figure deal, which was among the highest-profile and priciest buyouts in Charleston’s technology industry in recent years. The question is, how much should they have made?
In a deposition obtained by the Washington Post, Donald Trump appears to brag that his presidential campaigning has boosted his personal brand — which is so central to a lot of his business ventures. “I think people like politics. And they like to be around the name and maybe meI think people really dig it,” he says.
A federal judge in Delaware has indefinitely postponed a scheduled September trial in a lawsuit pitting billionaire coal magnate and West Virginia Democratic gubernatorial nominee James Justice Jr. against a leading U.S. coal exporter. Attorneys for the Virginia-based Justice companies and Pennsylvania-based Xcoal Energy and Resources told the judge Friday that devastating floods …
“This case is the extraordinarily rare one in which Class Counsel both detected the wrong-doing and then single-handedly enforced the law,” said a leading national expert on class action law. Retained by class counsel to provide his opinion to the Court on counsel’s request for attorneys’ fees, he noted that …
Michigan pays $378 million in lawsuit judgments, settlements over decadeMichigan paid more than $41 million, while receiving more than $278 million in lawsuit settlement and judgment payments over a year, a new report by the Senate Fiscal Agency shows. Here are seven things about lawsuit payments and settlements made and received by the state, according to the annual Senate Fiscal Agency’s …