Heads I win, tails you lose… and then you lose some more. That seems to be the story surrounding Bill Ackman’s disastrous near $4 billion loss in Valeant Pharmaceuticals. Ackman’s pharmaceutical foray is mostly over after his hedge fund Pershing Square dumped all of its Valeant shares in mid-March at $11 apiece, or an over 90% loss, cementing one of Wall Street’s biggest-ever investment …
Wells Fargo got caught ripping off millions of customers by setting up fake accounts in their names, then billing them for “services” related to those accounts, sometimes tanking their credit-ratings, costing them jobs, even their houses — but the company says you’re not allowed to sue them because their employees fraudulently signed your name to a “binding arbitration” agreement that forces …
Attorney General Jim Hood announced Thursday that $34.4 million recovered mostly from a lawsuit settlement with the Moody’s Corporation was delivered to the state treasury. Hood had announced in January the state would receive more …
Over 7.5 million Remington gun owners will be impacted by U.S. District Judge Ortrie D. Smith’s decision in a class action lawsuit, which argued a number of Remington rifles have trigger issues. From the lawsuit: A proposed nationwide Settlement has been preliminarily approved in a class action lawsuit involving certain Remington firearms. The class action lawsuit claims that trigger mechanisms …
A local man’s four-year battle to prove he was illegally fired by Ada County paid off this week, when a jury awarded him $1.7 million for wrongful termination. Rich Wright said Thursday the decision was vindication that the fight had been worth it.
For those betrayed even by their sex toys, a reward awaits. An Ottawa-based company has agreed to compensate owners of its Bluetooth-enabled high-end vibrator, We-Vibe, for collecting data on how they were using the devices without their consent. The company, Standard Innovation, settled a class-action lawsuit last week in Illinois federal court.
New York City is suing Verizon, saying the phone giant broke its 2008 promise to make its FiOS cable service available to all city residents. The city says Verizon missed a 2014 deadline to extend wire by every home or apartment building in the city — in technical parlance, “passing” the home. The city also argues that Verizon hasn’t installed service for thousands …
After spending millions to combat the opioid epidemic ravaging its citizens, the working-class city of Everett, Washington, is taking the maker of opioid painkiller OxyContin to federal court. The city claims that the drug maker, Purdue Pharma, knowingly sold to black markets out of pure greed, enabling the devastating epidemic hitting Everett and the rest of the country. According to the …
SEATTLE (AP) – BNSF Railway and seven environmental groups in Washington and Oregon have settled a lawsuit saying that coal spilled from trains pollutes waterways in Washington state. BNSF admits no wrongdoing in the settlement finalized Friday. The plaintiffs had argued that coal spilled from open-topped train cars is polluting the Columbia River and other waterways in the Pacific Northwest.
Forget lawsuits. Forget the courts. “Forget all this silliness,” said lawyer Steve Wandro with Wandro & Associates, which along with the Erbe Law Firm in Des Moines filed one of at least two lawsuits this week against the University of Iowa, seeking class action status for it yanking scholarships from thousands of students to save money.