A federal judge has refused to dismiss IKB Deutsche Industriebank AG from twin proposed class actions over the collapse of a structured investment vehicle called Rhinebridge crafted by the German bank.
Despite the U.S. Court of Appeals for the Ninth Circuit's failure in Dukes v. Wal-Mart to decide whether a full Daubert analysis is required at the class certification stage of litigation, the minority opinion signaled support for the stricter standard recently adopted in the Seventh Circuit.
BP PLC is currently facing at least 40 civil lawsuits by property owners, fishermen, seafood processors and restaurants in Louisiana, Alabama, Mississippi and Florida and, like the growing oil slick in the Gulf of Mexico, the spread of litigation shows no signs of abatement.
A federal judge has approved a settlement between T-Mobile USA Inc. and employees who filed suit alleging the company failed to pay them for hours worked off the clock.
The lead plaintiff in a class action accusing Wachovia Financial Services Inc. of failing to pay overtime wages to loan representatives at a California call center has asked a federal judge to preliminarily approve a settlement between class members and the bank.
A judge has approved a deal between minority shareholders of Alcon Inc. and majority shareholder Nestle SA in a proposed class action over drug giant Novartis AG's plan to take over the eye care company.
A federal court on Tuesday enjoined BP PLC from requiring that volunteers agree not to sue the company before they can help clean up the vast oil spill resulting from the April 20 Deepwater Horizon oil rig explosion in the Gulf of Mexico.
Four Medicaid transportation drivers have moved for class certification in a collective action alleging their employer, Irving Holdings Inc., withheld overtime compensation and incorrectly classified employees as independent contractors.
Having recently approved a $27 million settlement in the case, a judge has awarded $3.17 million in attorneys' fees to class counsel for plaintiffs accusing Nationwide Mutual Insurance Co. of prematurely terminating policyholders' car rental benefits following an auto accident.
RHI Entertainment Inc. is seeking the dismissal of a putative securities class action that claims the media company and its executives misled investors by issuing falsely rosy statements about its business prospects ahead of a 2008 initial public offering.
A federal appeals court has affirmed a ruling denying attorneys’ fees to nonlead counsel in a consolidated class action accusing Citicorp Investment Services Inc. of misclassifying certain stockbrokers as exempt.
A federal judge has resurrected a putative class action that accuses Verizon Wireless LLC, AT&T Mobility LLC, Sprint Nextel Corp. and T-Mobile USA Inc. of conspiring to gouge consumers on the price of individual text messages, saying a new complaint's claims are specific enough to let the case move forward.
Hospital and nursing facility operator Kindred Healthcare Inc. has been hit with a proposed class action accusing it of automatically deducting meal breaks from employees' pay even if they didn't take them, in violation of the Fair Labor Standards Act.
Plaintiffs firms are jockeying to win power positions in the multidistrict litigation over allegations of sudden unintended acceleration problems with Toyota Motor Corp.'s vehicles.
The lead plaintiffs in an assistant store manager's wage-and-hour collective action against CVS Caremark Corp. have moved for conditional class certification in order to notify all potential opt-in class members of the pending lawsuit.
America Service Group Inc. has agreed to pay $10.5 million and hand out more than $4 million in stock to settle shareholders’ allegations that the health care company manipulated its projected costs and profits to inflate share prices.
Chesapeake Energy Corp. and its leasing agent PFM LLC have resolved a putative class action brought by a pair of Texas residents accusing the companies of breach of contract and negligence in connection with a $6.6 million agreement to lease the plaintiffs' mineral interests in their property.
Amid securities suits and a possible criminal probe, beleaguered coal producer Massey Energy Co. has reportedly offered $3 million to each of the families of the 29 people killed in a massive mine explosion that occurred at the beginning of April.
Smithfield Foods Inc. has been smacked with yet another class action, this time by workers at a subsidiary's Missouri pork processing plant who allege they weren't paid for the time they spent putting on and taking off safety gear.
A federal judge has approved a settlement in a Worker Adjustment and Retraining Notification Act class action stemming from a layoff at a company owned by private equity firm ComVest Investment Partners LLC.