Class ActionRSS

  • February 9, 2010

    Snell, Atty Reach $3M Deal In SWX Malpractice Suit

    Snell & Wilmer LLP and a partner in its Las Vegas office have struck a $3.1 million settlement to resolve a breach of contract and malpractice suit over their alleged role in the collapse of Southwest Exchange Inc., an intermediary that held real estate investors' profits to help them delay paying taxes.

  • February 9, 2010

    DC Circ. Hears Arguments On Rail Fuel Price-Fixing

    The U.S. Court of Appeals for the District of Columbia Circuit heard oral arguments on Tuesday in a price-fixing suit brought against the four largest American railroads over rail freight fuel surcharges, an appeal of a district court case in which the plaintiffs' claims for monetary damages were dismissed.

  • February 9, 2010

    Iowa Telecom Settles Suit Over $1.1B Merger

    Iowa Telecommunications Services Inc. has agreed to settle shareholder suits that accused the company's executives of undervaluing the firm when they decided to sell the company to Windstream Corp. in a $1.1 billion deal.

  • February 9, 2010

    Merrill Blocks La.'s Bid To Arbitrate ARS Spat

    Merrill Lynch & Co. Inc. has successfully derailed a Louisiana state agency's bid to compel arbitration in a fight over the banking giant's marketing of auction rate securities following a federal judge's ruling that the agency gave up its right to arbitration when it filed the suit, now part of a sprawling multidistrict litigation.

  • February 9, 2010

    9th Circ. Revives Class In Midland Annuities Suit

    A federal appeals court has reversed denial of class certification for a group of seniors accusing Midland National Life Insurance Co. of misrepresenting its annuities, holding that Hawaii law does not require plaintiffs to prove individual reliance on allegedly deceptive trade practices.

  • February 9, 2010

    Securities Plaintiffs Oppose TMST Sale Notice

    The lead plaintiffs in a consolidated securities class action against bankrupt real estate investment firm TMST Inc., formerly known as Thornburg Mortgage Inc., have objected to a notice of sale, claiming it needs to include a provision that the purchaser has a duty to preserve documents that may be relevant to the pending securities case.

  • February 9, 2010

    $44M Deal In Merrill Lynch FLSA Suit Gets Final OK

    A federal judge has granted final approval to a $43.5 million settlement, including $10.9 million in legal fees, resolving 11 class and collective actions accusing Merrill Lynch & Co. of failing to properly compensate its financial advisers.

  • February 9, 2010

    Class Cert. Denied In Health Temp Agency FLSA Suit

    A federal judge has declined to certify a class in a collective action alleging Delta-T Group Inc., which runs a referral service that temporarily places workers at health care institutions, violated federal law by failing to pay workers overtime.

  • February 9, 2010

    Class Action Over Defective Home Trim Gets Certified

    A judge has certified a class action accusing Louisiana-Pacific Corp. and ABT Building Products Corp. of making and marketing exterior trim for houses that rapidly deteriorates.

  • February 8, 2010

    Class Actions Over Toyota Accelerator Recalls Pile Up

    Amid recalls of millions of Toyota Motor Corp. vehicles over sticky accelerator pedals and reports that brake problems could lead to another recall of its hybrids as soon as Tuesday, the Japanese automaker now faces more than 30 proposed class actions in North America over its electronic throttle system.

  • February 8, 2010

    Attys In JPMorgan Fee Case Lower Cash Demand

    Plaintiffs' attorneys who managed a class action against JPMorgan Chase & Co. have agreed to cut their fee request, the final stumbling block in a long-running suit over allegedly illegal post-closing fees the bank charged on its mortgages.

  • February 8, 2010

    Legal Secretary Class Certified In OT Suit V. IP Firm

    A federal judge has paved the way for a class action involving secretaries, paralegals and others at Turocy & Watson LLP, conditionally certifying a class in the case brought by a former legal secretary claiming she was improperly denied overtime pay by the intellectual property boutique.

  • February 8, 2010

    Lucent Strikes Settlement In ERISA Class Action

    The plaintiffs in a class action accusing Lucent Technologies Inc. of violating the Employee Retirement Income Security Act by improperly reducing medical benefits for its retirees have reached a settlement with the company, according to court papers.

  • February 8, 2010

    Nokia Stung With Class Action Over ADS Plunge

    Nokia Corp. is facing a securities fraud class action alleging rosy predictions its officers made in 2008 were known to be false and resulted in a dramatic loss of value for holders of the company's American Depositary Shares.

  • February 8, 2010

    Farms, Egg Trade Groups Try To Thin Antitrust MDL

    Land O' Lakes Inc., United Egg Producers Inc. and a host of other defendants have asked the court to drop much of the direct purchasers' complaint in litigation accusing a slew of egg trade groups and agricultural companies of a long-running conspiracy to limit production and drive up prices.

  • February 8, 2010

    Brokerage Firm FLSA Spat Heads To Arbitration

    A federal judge has ruled that a putative Fair Labor Standards Act collective action accusing commodity broker Blue Fish Commodities Inc. of failing to pay overtime should be decided in arbitration.

  • February 8, 2010

    Ratings Agencies Dismissed From IndyMac MBS Suit

    A federal judge has dismissed three ratings agencies from a class action against IndyMac Bank over $61 billion in mortgage-backed securities, citing his own recent ruling in a similar suit that such agencies cannot be held liable under the Securities Act of 1933.

  • February 5, 2010

    9th Circ. Reboots Dell Laptop Class Action

    The U.S. Court of Appeals for the Ninth Circuit has revived a putative class action against Dell Inc. over allegedly defective laptops, reversing a lower court order and ruling that the conflict resolution clause of Dell's online purchasers' contract violates California law.

  • February 5, 2010

    Centex Managers Lose Bid For Class Status In OT Suit

    A federal court has rejected a bid for conditional certification of a nationwide class of field managers in an overtime wage suit against Centex Homes Inc., agreeing with the conclusions of a magistrate judge that the proposed class would be “unmanageable.”

  • February 5, 2010

    Last Class Claims Tossed In ReNu Infection MDL

    A federal judge has thrown out all remaining class claims in 14 lawsuits in which consumers sought reimbursement from Bausch & Lomb Inc. for having to discard the company's ReNu with MoistureLoc contact solution after it was linked to an eye infection.