The largest antitrust class action settlement in history was recently put to a halt by the U.S. Court of Appeals for the Second Circuit. The $7.25 billion proposed settlement includes a group of merchants challenging the fees and regulations of Visa and Mastercard. The plaintiffs claim the defendants have fixed the fees that merchants were charged every time a …
Many ERISA 401(k) plan trustees act as intermediaries when participants request a disbursement. If plan assets are invested in funds, some fund shares will be exchanged for cash, and the cash will then “float” as it makes its way from fund to participant. During that process, the float may sit temporarily in a non-plan, non-participant account, and it might earn interest.
On the heels of a Ticketmaster class action settlement that refunded ticket vouchers to more than 50 million users Saturday, Amazon e-book consumers may have free cash waiting for them as well. Following an antitrust settlement between the Department of Justice and Apple, who was accused of price fixing within its electronic book sales, anyone who purchased an e-book from a major publisher …
Civil rights groups have filed a lawsuit in federal court claiming that a century-old Louisiana law discriminates against foreign-born, naturalized U.S. citizens by arbitrarily subjecting them to “heightened” voter registration requirements that don’t apply to native-born citizens. Attorneys from the Southern Poverty Law Center and the Fair Elections Legal Network are seeking a court order …