Settlement

Notices Feb 10, 2017

Robbins Geller Rudman & Dowd LLP Announces Proposed Settlement of Revance Therapeutics, Inc. Securities Litigation

SUMMARY NOTICE OF PROPOSED SETTLEMENT OF CLASS ACTION TO: ALL PERSONS OR ENTITIES (“PERSONS”) THAT PURCHASED OR OTHERWISE ACQUIRED REVANCE THERAPEUTICS, INC. (“REVANCE” OR THE “COMPANY”) COMMON STOCK DURING THE PERIOD BEGINNING ON JUNE 19, 2014 AND ENDING ON MAY 1, 2015, AND PURSUANT AND/OR TRACEABLE TO THE REGISTRATION STATEMENT AND PROSPECTUS FOR THE COMPANY’S JUNE 19, 2014 PUBLIC OFFERING …

Legal News Feb 9, 2017

Supreme Court Mulls Case That Would Trim Fees in Class Actions

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. …

Settlements Feb 8, 2017

BMW Agrees to Settle Vehicle Water Damage Suit for Up to $478 Million

German automaker BMW AG (BMWG.DE) has agreed to pay up to $477.7 million to settle a class-action lawsuit covering about 318,000 U.S. luxury car owners who may have suffered water damage harming electrical components in vehicle trunks. According to settlement documents filed in U.S. District Court in New York last week, the settlement covers owners of …

Legal News Feb 8, 2017

Eighth Circuit Reverses, Remands $10 Million Settlement in Target Data Breach Class Action

Last week, a federal appeals court reversed and sent back to a district court a $10 million settlement in a data breach class action brought against Target. The U.S. Court of Appeals for the Eighth Circuit explained in its Feb. 1 opinion that while the U.S. Supreme Court has not said what, specifically, a “rigorous analysis” of class certification prerequisites …

Settlements Feb 8, 2017

Red-Light Camera Firm Will Pay Chicago $20 Million

The city of Chicago has settled a lawsuit for $20 million that it filed against a red-light camera company whose former chief executive pleaded guilty to a federal bribery charge. Chicago Mayor Rahm Emanuel announced the settlement Monday with Redflex Traffic Systems Inc. of Arizona and its Australian parent company Redflex Holdings Ltd. The lawsuit accused Redflex of fraud and making …

Lawsuits Feb 3, 2017

[Opinion] Disney Settles Anti-Poaching Lawsuit

Poaching in the entertainment industry hit the news late last year when 21st Century Fox accused Netflix, Inc. of poaching employees in Twentieth Century Fox Film Corp. v. Netflix Inc., SC12643. Poaching, or lack thereof (anti-poaching), hit the news this week as Disney settled …

Settlements Feb 2, 2017

Court Approves Verizon Settlement Over Merger Tax Objections; Sets New Standard

A Manhattan New York state appeals court on Thursday said the class action settlements should be assessed in approving a class action settlement involving a challenge by shareholders to Verizon Communications Inc’s ( VZ )$130 billion acquisition of Vodafone Group Plc’s (VOD.L)subsidiaries. The Appellate Division, First Department, decision said that shareholders and Verizon were …

News Feb 2, 2017

Uber Offers $1 Per Driver to Resolve Labor Questions, Drivers’ Attorney Agrees

Why it matters to you If you ever consider working for a gig-economy company, this case could be setting a significant precedent. The case isn’t over, but a new chapter on what was once a potential multi-billion dollar class action lawsuit might now settle in the single digit millions. California Uber drivers’ attorney Christopher Morosoff has asked a state judge to accept Uber’s offer of $7.75 …

News Feb 1, 2017

Cash on the Hood: VW to Pay 3.0-Liter Diesel Owners $7K to $16K

Dieselgate is one step closer to becoming a distant memory as Volkswagen agrees to a cash compensation for owners of 3.0-liter diesel vehicles. Volkswagen announced today that it has submitted settlement agreements with both class-action plaintiffs and the US Federal Trade Commission. The agreements are about undeclared emissions-control devices in certain vehicles equipped with a 3.0-liter …

News Jan 25, 2017

Epic Systems Won’t Reveal Terms of Lawsuit Settlement, Citing Similar Case Before the Supreme Court

Epic Systems and a group of plaintiffs in one of three pending overtime pay lawsuits against the health care software maker cannot reveal the terms of a recently reached settlement in part because of a similar lawsuit involving Epic that will be heard by the U.S. Supreme Court, according to a court filing Tuesday. U.S. District Judge William Conley wrote to the parties earlier this month asking …