http://www.law360.com/ Latest articles for organization: Harwood Feffer Copyright 2009 Portfolio Media, Inc. en-US http://www.law360.com/images/headings/logo.gif http://www.law360.com/ http://www.law360.com/articles/134001 Networking and security services provider 3Com Corp. has been hit with a shareholder class action seeking to block the $2.7 billion merger agreement with Hewlett-Packard Co. announced Wednesday. http://www.law360.com/articles/134001 http://www.law360.com/articles/132027 Fannie Mae benefit plan committee members have asked a federal judge to dismiss a consolidated proposed class action alleging they violated the Employee Retirement Income Security Act by investing in Fannie Mae stock, saying the plan did not give them discretion to alter investments. http://www.law360.com/articles/132027 http://www.law360.com/articles/131771 Plaintiffs from Vermont, Connecticut and Colorado have asked the court overseeing multidistrict litigation accusing FedEx Ground Package System Inc. of misclassifying drivers as independent contractors to amend an order rejecting certification and certify classes under each state's respective laws. http://www.law360.com/articles/131771 http://www.law360.com/articles/126570 Deeming two proposed lead plaintiffs ill-suited for the task, a federal judge has rejected a request for class status for former shareholders of Allou Healthcare Inc. in a suit accusing auditors KPMG LLP and Arthur Andersen LLP of failing to unearth accounting fraud at the defunct pharmacy products provider. http://www.law360.com/articles/126570 http://www.law360.com/articles/125761 A judge has dismissed a proposed class action against Humana Inc. that alleged the company and its leaders violated the Employee Retirement Income Security Act by encouraging employees to invest their pensions in the health insurance plan provider's stock while misleading them about the stock's true value. http://www.law360.com/articles/125761 http://www.law360.com/articles/123468 Several participants of Wachovia Bank NA's two retirement savings programs have filed a putative class action accusing the bank and 30 executives of breaching their fiduciary duty by imprudently investing the plans' assets in Wachovia common stock despite the company's deteriorating financial situation. http://www.law360.com/articles/123468 http://www.law360.com/articles/116130 Plaintiffs in Louisiana have added a subclass of FedEx Ground Package System Inc. delivery drivers who can seek relief under the state's employment law, complying with an order from the federal judge overseeing the multidistrict litigation accusing FedEx of misclassifying its drivers. http://www.law360.com/articles/116130 http://www.law360.com/articles/113531 The multidistrict litigation accusing FedEx Ground Package System Inc. of misclassifying its drivers as independent contractors and failing to provide them with certain benefits is inching forward, with a federal judge giving the stamp of approval to class certification in a number of new states. http://www.law360.com/articles/113531 http://www.law360.com/articles/109496 A federal judge has divided 30 pending cases accusing Bank of America Corp. of misleading investors into signing off on its $50 billion acquisition of Merrill Lynch & Co. into three major groups — securities, derivatives and 401(k) plan claimants — and picked interim leads for the putative classes. http://www.law360.com/articles/109496 http://www.law360.com/articles/98881 A federal judge has decided she should preside over proposed class actions alleging that KV Pharmaceutical Co. violated the Employee Retirement Income Security Act through its handling of an employee investment plan in addition to a proposed class action alleging KV violated securities laws, due to similarities in the material facts of the cases. http://www.law360.com/articles/98881 http://www.law360.com/articles/95005 A federal judge has dismissed a lawsuit brought by former shareholders in Bioenvision Inc., ruling that because the plaintiffs relied on secondhand knowledge from an anonymous source in a separate lawsuit for their allegations that the company fraudulently deflated its stock price prior to a 2007 merger with Genzyme Corp., their claims could not stand. http://www.law360.com/articles/95005 http://www.law360.com/articles/93332 Plaintiffs in a multidistrict class action over employee retirement fund investments have reached a settlement with Strong Financial Corp., its subsidiaries and its founder, leading a judge to dismiss some claims against the company and stay the rest, while the litigation continues. http://www.law360.com/articles/93332 http://www.law360.com/articles/92784 A federal judge has consolidated a series of proposed class actions filed against American International Group Inc., all of which allege Employee Retirement Income Security Act violations and claim the insurer's pension plan invested in its own poorly performing stock, causing millions of dollars in losses. http://www.law360.com/articles/92784 http://www.law360.com/articles/91198 A federal judge on Wednesday denied class certification to over 6,000 former and current employees of automatic teller manufacturer Diebold Inc. who allege the company and its top executives issued misleading statements and mismanaged its employees’ retirement benefits. http://www.law360.com/articles/91198 http://www.law360.com/articles/83247 The plaintiffs in multidistrict ERISA litigation accusing insurer Unum Group of a scheme to boost profits by illegally denying long-term disability claims are considering seeking an en banc review after a federal appeals court reversed a Tennessee judge's decision granting their bid for class certification. http://www.law360.com/articles/83247 http://www.law360.com/articles/82437 A shareholder of medical technology company Medtronic Inc. has filed a derivative suit alleging that the company’s directors and executives inflated the company’s earnings through a physician kickback scheme and other unlawful promotion of the off-label use of its Infuse Bone Graft product, which has been linked to serious health complications. http://www.law360.com/articles/82437 http://www.law360.com/articles/80674 FedEx Ground Package System Inc. has lost a bid to decertify a class claim made by a group of Minnesota employees who are part of multidistrict litigation that accuses the delivery giant of misclassifying its drivers as independent contractors and failing to provide them with certain benefits. http://www.law360.com/articles/80674 http://www.law360.com/articles/74552 Energy company Constellation Energy Group Inc. has been hit with a proposed class action accusing it of making misleading statements and relying on dubious accounting to inflate its stock prices, ultimately hurting participants in its retirement plan. http://www.law360.com/articles/74552 http://www.law360.com/articles/73569 FedEx Corp. will shell out roughly $14.4 million in reimbursed job-related expenses and interest to current and former drivers of FedEx Ground. http://www.law360.com/articles/73569 http://www.law360.com/articles/72157 After more than three years of litigation and multiple mediation sessions, an Employee Retirement Income Security Act class action against American International Group Inc. in New York has come to a close, and plaintiffs' counsel will split almost $7.3 million in fees, after spending more that 18,900 hours achieving the settlement. http://www.law360.com/articles/72157