Law firm Pomerantz LLP has announced that a class action lawsuit has been filed against Tyson Foods, Inc. and certain of its officers. The class action, filed in United States District Court, Southern District of New York, is on behalf of investors who acquired Tyson securities between November 23, 2015 and October 6, 2016. This class action seeks to recover damages against Defendants for …
The U.S. judge overseeing litigation accusing 16 banks of rigging prices in the $5.3 trillion-a-day foreign exchange market on Tuesday narrowed but refused to dismiss lawsuits against Deutsche Bank (DBKGn.DE), Morgan Stanley (MS.N) and five other large banks that have yet to settle. U.S. District Judge Lorna Schofield in Manhattan dismissed antitrust claims …
Twitter is being sued by a shareholder over claims that it misled investors about its prospects for growth. Doris Shenwick has accused the company of making false statements about the company’s predicted user count and user engagement levels, causing wild fluctuations in Twitter’s stock prices. Shenwick claims Twitter executives misled investors in November 2014 when they promised an increase …
A new class-action lawsuit has unveiled an eight-year-long antitrust, price-fixing scheme brought by major food conglomerates, including Tyson and Perdue Farms, alleging they killed hens, flocks and destroyed eggs to limit production and raise the price of 98 percent of the chicken sold in the U.S. by nearly 50 percent, according to Hagens Berman. The suit calls the …
Residents of New Hampshire, 14 other states and the District of Columbia can now file a claim for part of a $52 million dairy anti-trust settlement. The settlement was reached earlier this month in a federal class-action lawsuit alleging that National Milk Producers Federation, through its voluntary farmer-funded national program, Cooperatives Working Together, artificially limited raw milk …
THE FASHION LAW EXCLUSIVE – Zara has been hit with a massive lawsuit alleging that it is engaged in the widespread practice of deceiving American consumers through a classic bait and switch scheme in connection with its pricing. The $5 million-plus proposed class action lawsuit, which was filed by Devin Rose in the United States District Court for the Central District of California, a federal …
Whatever happens in Alberta’s bizarre legal power struggle, the entire electrical system may be very different by the end of it. First, finances will be upended. There’s no way for Calgary ratepayers to escape higher costs, even if city-owned Enmax is allowed to return its power purchase agreement to the provincial balancing pool.
Everyone likes to get a good deal. But how do you really know that a discount is actually a discount? Over the past year, the validity of list prices has come under more scrutiny, with several retailers getting sued for using inflated original prices to make their advertised deals look better.
When Apple launched its first iPad back in 2010, the company also unveiled an e-books marketplace. Federal courts say the company broke antitrust laws by setting prices with book publishers to target Amazon and its Kindle reader.Saeed Khan/AFP/Getty Imageshide caption When Apple launched its first iPad back in 2010, the company also unveiled an e-books marketplace. Federal courts say the …
The Supreme Court of the United States has declined to hear Apple’s appeal of a lower court decision that it conspired with five publishers to increase e-book prices. Apple must now pay $450 million as part of its anti-trust e-book settlement. Amazon, however, is probably grinning like the Cheshire Cat.