Before the now-infamous Fyre Festival collapsed a few weeks back, the company behind it—maker of a mobile phone app you can use to hire entertainers for your club, concert, or party—said it was worth $90 million, according to a document obtained by Bloomberg News. Fyre Media Inc. faces a half-dozen lawsuits from less-than-satisfied customers over the disastrous music event in the Bahamas. Now …
A St. Louis jury has awarded a Virginia woman a record-setting $110.5 million in the latest lawsuit alleging that using Johnson & Johnson’s baby powder caused cancer. The jury ruling Thursday night for 62-year-old …
A group of Arizona school districts and several school groups announced during a press conference at Landmark Elementary School May 1 they have filed a lawsuit against the State of Arizona and the Arizona School Facilities Board over cuts to funding for public school buildings and maintenance. “The case filed this morning in superior court alleges the school finance system is unconstitutional …
A coalition of public educators, administrators and parents gathered on the steps of a Glendale middle school Monday to announce a $2 billion lawsuit against the state. The suit, headed by the Arizona Center for Law in the Public Interest, contends the governor, state legislators and the school facilities board have failed in their constitutional duty to financially support school districts for capital funding needs. “The state’s failure to provide funding for school buildings, facilities, and …
A Los Angeles jury has awarded more than $25 million to a whistleblower who was fired for reporting what he considered illegal sales tactics and surgeon kickbacks by a Minnesota medical device company. Steven Babyak won his lawsuit against former employer, St. Paul-based Cardiovascular Systems Inc., for both whistleblower retaliation and wrongful termination in Los Angeles Superior Court. The …
USAA has agreed to pay up to $39 million to settle a class-action lawsuit initiated by some of its members in Florida. Shown is the company’s San Antonio campus in 2013. USAA has agreed to pay up to $39 million to settle a class-action lawsuit initiated by some of its members in Florida.
A New Jersey woman has sued Wells Fargo Bank, saying she was fired for refusing to participate in a scheme to manipulate accounts and sell products that weren’t in customers’ best interest. Melinda Bini filed a lawsuit in state court in New Jersey on April 5 against the bank and three supervisors from the branch she worked at in Highland Park, NJ.com reported. In the lawsuit, Bini accused her superiors of running …
DoorDash, the on-demand food delivery service and main competitor to GrubHub (NYSE:GRUB), has come to an agreement in a class-action lawsuit, reports TechCrunch. The lawsuit states that the company misclassified its employees as independent contractors. The company has agreed to pay $5 million to settle the case.
Vivendi SA (VIV.PA) said it agreed to pay $26.4 million to end nearly 15 years of U.S. litigation accusing the French media company of misleading shareholders about its finances in connection with a $46 billion three-way merger. Thursday’s accord resolved claims that Vivendi and officials including former Chief Executive Jean-Marie Messier made false or …
Principal Financial Group Inc. accused the managers of Liongate Capital Management LLP of hiding investments with Bernie Madoff while negotiating to sell half of their London hedge fund to Principal. Founders Randall Dillard and Jeff Holland, and Head of Research Benjamin Funk sold the stake in March 2013 without disclosing secret investments in the largest of several Madoff “feeder funds,” …