The number of securities class action settlements approved by U.S. courts in 2016 was 85, the highest level since 2010, according to a report issued Wednesday by Boston-based Cornerstone Research. Total settlement dollars approved in 2016 was $5.99 billion, or almost double 2015’s $3.07 billion, according to the report, “Securities Class Action Settlements – 2016 Review and Analysis.” A total …
Bushfire victims of last year’s blaze at Scotsburn, near Ballarat, have banded together to sue one of their neighbours for damages. The victims are launching a class action against resident Roger Skimming, whom they blame for starting the blaze while using his …
The Fort Worth City Council on Tuesday will vote on settling a lawsuit in which it claimed Chesapeake Energy Corporation cheated taxpayers out of millions of dollars in royalties for natural gas it drilled under city land. It is not immediately clear how much the proposed settlement is worth. A notation on the council agenda said the terms will be made public but did not specify when.
Total Renal Care is the target of a proposed class action Complaint filed by five of their California employees who allege various California Labor Code violations San Francisco, California. The San Francisco employment law lawyers at Blumenthal, Nordrehaug and Bhowmik filed a proposed class action Complaint against Total Renal care, Inc. (“Renal”) for allegedly failing to …
A new report from Cornerstone Research indicates that securities class-action filings with accounting allegations rose for the third consecutive year. According to Accounting Class Action Filings and Settlements – 2015 Review and Analysis, the 71 filings last year exceeded the average over the past decade of 67 filings. There were 69 accounting-related case filings in 2014.