After the recent announcement that Cascade County District Court Judge John Kutzman approved the $24 million settlement for 1,000 amphibole asbestos victims in the area, claimants from that settlement and past settlements have voiced how little comfort the money gives them. …
Takata Corp.’s chief financial officer Yoichiro Nomura leaves federal court in Detroit on Monday. Japanese auto parts maker Takata Corp. pleaded guilty to fraud Monday and agreed to pay $1 billion in penalties for concealing an air bag defect blamed for at least 16 deaths, most of them in the U.S.(Photo: Paul Sancya / AP) 11 CONNECTTWEET2 LINKEDINCOMMENTEMAILMORE The Takata Corp. pleaded guilty …
Last week Wells Fargo agreed to two separate Telephone Consumer Protection Act (TCPA) Class Action Settlements. Both cases were filed in federal court in Georgia. The first was Prather v. Wells Fargo Bank, N.A.
Goldman Sachs, JP Morgan and Citigroup have agreed to pay $39.25 million to settle a Canadian currency market manipulation class action. The settlements, if approved by a court, will remove those banks from a $1-billion class action that alleges several large financial institutions conspired to rig foreign exchange markets using electronic chat rooms with names such as “The Cartel,” “The …
The city is delaying borrowing $300 million to support a massive rebuild of the city’s parks, libraries and community centers as a lawsuit over the new sugar-sweetened beverage tax snakes through the courts system. Mike Dunn, a spokesman for Mayor Jim Kenney’s administration, told Billy Penn Tuesday that in addition to delaying the borrowing of that $300 million, the city …
A lawsuit to force a public vote on the city’s $64 million bond for Scottrade Center renovations was unceremoniously withdrawn Tuesday just hours after it was filed. The lawsuit sought to revive a 2002 voter-approved ordinance that was struck down by a circuit court judge in 2015. But the ordinance exempted professional sports facilities built before 2004, and Scottrade Center …
Bernstein Litowitz Berger & Grossmann LLP have announced a proposed settlement in a securities class action with the EZCORP Inc. In a securities class action involving Automotive Machinists Pension Trust against EZCORP Inc., a small-dollar lender, AMPT has proposed settlement of the action for $5.9 million in cash. If approved, it will resolve all claims in the class action, a news …
A federal judge has cleared the way for a nationwide class action to proceed against Stericycle over allegations the Lake Forest-based regulated waste disposal giant for years used an automatic price-increasing scheme to defraud customers out of hundreds of millions of dollars. U.S. District Judge Milton I. Shadur certified the plaintiffs class in a memorandum opinion and order issued Feb. 16 …
New York Life Insurance Co. has agreed to settle a lawsuit alleging the firm engaged in self-dealing in its 401(k) plans for the sum of $3 million. Plaintiffs brought the excessive-fee suit against New York Life in July 2016, seeking relief for alleged damages caused by fiduciary breach in two company retirement plans. New York Life neither admitted nor denied wrongdoing as part of the …
Lawrence Moody said he is satisfied that he and 3,550 other people are finally getting justice. “You just can’t do that to people,” the Washington County man said after DuPont and its spinoff company Chemours agreed to pay nearly $671 million to Mid-Ohio Valley people affected by a chemical used to make Teflon that causes cancer and a host of other health problems. The settlement was announced …