A successful class action lawsuit against two payday loan companies in Ontario has concluded. Now, the challenge is to find the recipients of the $10 million dollar settlement. There are potentially 100,000 claimants across the province, including in Sudbury.
The largest auto maker settlement to date may not be enough to buy back the trust of some drivers. On June 28, Volkswagen VOW, +4.15% submitted a settlement plan worth $14.7 billion to a federal judge following the company’s admission in September of cheating emissions tests by placing a “defeat device” in 11 million of its diesel vehicles world-wide. The settlement gives about 475,000 diesel …
St. Jude Medical Inc has reached a $39.25 million class action settlement with shareholders to resolve claims it downplayed the possible dangers associated with a product used to connect implantable defibrillators to patients’ hearts. The preliminary settlement, disclosed Thursday with the U.S. District Court in Minneapolis, requires a judge’s approval. It resolves claims that St. Jude inflated …
Schuette(Photo: Jake May | MLive.com) Lansing — Michigan Attorney General Bill Schuette is aiming to collect “hundreds of millions” of dollars from two engineering firms he claims contributed to the Flint water contamination crisis and hopes to do so in a few years — not a decade or more. But legal experts say the state has to clear several legal hurdles before it could command a lucrative …
Volkswagen diesel owners aren’t the only ones affected by the VW’s ongoing emissions cheating scandal. The company’s dealers have acutely felt the impact of the scandal, in the form of deflating sales figures. The proposed settlement announced last month offers cash payments to owners of 2.0-liter TDI models, who can either …
Billabong is paying out $45 million to end a shareholder class action over earnings downgrades which saw the surf clothing company’s share price tumble in 2011. A short time ago, Billabong shares were down 0.76% to $1.31, well down on the 12-month …
A federal judge will decide whether to give the final sign off to the settlement of a class action lawsuit challenging Warner/Chappell Music’s claim to the song “Happy Birthday to You” after a group of plaintiffs contended that it is in the public domain. U.S. District Judge George King will consider the settlement of the case that calls for a $14 million fund to compensate those who licensed …
Anyone who had six or more CRS-related repairs done to a Caterpillar ACERT engine is eligible for $10,000. A settlement has been reached in the class-action lawsuit that alleged Caterpillar’s 2007-2010 year model ACERT C13 and C15 engines were defective, driving up costs for owners and driving down resale value. Cat’s ACERT engines were introduced as the company’s alternative to exhaust-gas …
Kentuckians who bought Volkswagen’s “clean diesel” cars will receive restitution, and the state will get millions to offset pollution. The details of the settlement were announced Tuesday. Dozens of class action lawsuits were filed last year after the German car company admitted it had rigged many of its vehicles to cheat emissions tests.
Tennessee residents who own Volkswagen vehicles affected by the company’s emissions scandal have a few options for compensation. “Consumers have choices in this settlement—this is our theme,” said Elizabeth Cabraser, court-appointed lead counsel and chair of the committee that negotiated the settlement on behalf of class members. “It’s the choices of the drivers that will shape and give …