Chang’s China Bistro, Inc., Massachusetts’s highest court, the Supreme Judicial Court (SJC), has weighed in on several recurring class action litigation issues, providing much needed guidance in an area where there is limited precedential case law in this jurisdiction. The decision also highlighted some important and somewhat subtle distinctions between class action practice in Massachusetts …
Alibaba Group Holding Ltd. has agreed to pay $250 million to settle a lawsuit that claimed the e-commerce giant had failed to disclose meetings with the Chinese government regarding alleged counterfeit products before it went public. The class-action settlement’s terms named Alibaba and executives including co-founders Jack Ma and Joe Tsai, who denied all allegations of wrongdoing. It was …
Among numerous other wrongdoings, the dispute notice alleged Aflac’s manipulation of one of its “key operational metrics” – the number of average weekly or monthly producers, i.e., sales associates actively selling Aflac insurance during the reporting period – that Aflac had represented to the market as an important indicator of the company’s growth and earnings potential. “These numbers are …
The following statement is being issued by Levi & Korsinsky, LLP: To: All persons or entities who purchased or otherwise acquired securities of HMS Holdings Corp. (“HMS Holdings”) (NASDAQ:HMSY) between May 10, 2016 and March 2, 2017. You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the District …
Lundin Law PC, a shareholder rights firm, announces the filing of a class action lawsuit against AmTrust Financial Services Inc. (“AmTrust” or the “Company”) (Nasdaq: AFSI). Investors who purchased or otherwise acquired AmTrust shares between May 10, 2016, and February 24, 2017, inclusive (the “Class Period”), are encouraged to contact the firm in advance of the …
Because the American credit reporting system relies on both good and bad reports of creditworthiness, a consumer must have some kind of credit—not just the absence of bad credit. (In some countries, the lack of a credit report can establish good credit). “The American system, on other hand, relies on total surveillance,” writes Chris Jay Hoofnagle in his primer on privacy law and the Federal …
A judge has granted Google’s request to delay a privacy lawsuit until after the Supreme Court decides whether consumers can sue in federal court without proving they suffered an economic injury. U.S. District Court Judge Lucy Koh in San Jose, California said in a ruling issued Friday that the Supreme Court’s upcoming decision in a matter involving the online data aggregator Spokeo “may provide …