It was hailed as one of the largest anti-trust, class-action settlements ever — nearly $2 billion to be paid to investors by some of the country’s major banks for allegedly fixing the financial markets. And right there near of the top of the list of victims of the alleged fraud was the Essex Regional Retirement System, the Danvers-based organization that manages $370 million in …
Arathy S Nair DuPont and Chemours Co have agreed to pay $671 million in cash to settle thousands of lawsuits involving a leak of a toxic chemical used to make Teflon, the companies said on Monday. Shares of Chemours jumped 13 percent. The company said it would pay half of the settlement, although liability for litigation connected with the chemical was passed onto it when DuPont spun it off in …
There’s been several high profile class actions launched by unhappy shareholders against the companies they invest in (otherwise known as securities class actions) lately in Australia. The common theme is a claim these companies have not been straight with investors, issuing falsely optimistic information or concealing negative information. If it’s proved to be true, this sort of conduct does …
Trump administration spokeswoman Kellyanne Conway recently defended false statements about inauguration crowd size as “alternative facts,” provoking a great kerfuffle. But in the class-action world, trial lawyers have been making millions on alternative facts for decades. And, astonishingly, courts disagree over whether it’s permissible for lawyers to use alternative facts to …
A federal jury in Seattle has ordered Zillow to pay $8.3 million after finding the Seattle company infringed on copyrights of VHT Inc. on its Zillow Digs website. The suit was filed in 2015 in federal district court in Seattle, and the jury verdict was delivered Thursday, Zillow said in a regulatory filing Friday. The company said it will ask the court to reverse some portions of the verdict …
Two women have been awarded $11.5 million in a federal lawsuit. One of the women sat down with Fox 9. On Friday, a jury in Madison, Wisconsin, found that both former Polk County jailer Darryl Christensen and Polk County were responsible for sexual assaults of two inmates. Former inmate Melinda Juleen said the assaults happened 50-75 times while she was in jail. …
Fountain Creek and its tributaries were degraded, eroded and widened, and those waters combined with surface runoff to create excessive sedimentation and substandard water quality, audits by the Environmental Protection Agency found in 2013 and 2015. The city’s failures since 2009 violated its federal storm sewer system permit, the EPA reported, with the Department of Justice filing the lawsuit …
The U.S. Supreme Court is expected to decide as early as next week whether to hear the appeal of a Sixth Circuit decision upholding a class-action settlement that distributed only $1.6 million to consumers but yielded $2.4 million for the attorneys who represented them. Objectors and the attorneys general of 17 states urge the court to take the case and hand down tighter rules on how lower courts consider the value of a settlement for calculating legal fees. …
Frank Ocean is getting sued by his own father for allegedly defaming his good name. According to TMZ, the singer’s father, Calvin Cooksey, filed a defamation lawsuit against Ocean citing a Tumblr post he wrote last year about the tragic mass shooting at a gay nightclub in Orlando, Fla. In his missive, Ocean reflects on a traumatizing memory of his father.
Presenting a reality that’s probably not quite as virtual as they might possibly like, Facebook and its Oculus subsidiary have been hit with more than $500 million in damages in a lawsuit. According to Variety, a judge has ordered the companies to pay the damages to video game publisher ZeniMax Media, who successfully argued that Oculus executives broke their non-disclosure agreements with the …