Class Action Law360 provides breaking news and analysis on class actions and multidistrict litigation. Coverage includes developments in multiparty litigation in federal and state courts, as well as policy issues and court rulings that affect class action procedure.
A class of shareholders accusing Wilmington Trust of concealing information about its fiscal health in its filings with the U.S. Securities and Exchange Commission asked a Delaware federal judge Friday to approve a $210 million deal to end its securities fraud suit.
A New York federal judge has thrown out a proposed class action accusing the energy infrastructure outfit Chicago Bridge & Iron Co. of flouting the Employee Retirement Income Security Act by keeping company stock in its workers’ retirement plan as a nuclear construction project tanked.
A New Mexico federal judge on Friday refused to toss most of a hybrid class and collective action accusing Southwest Airlines of not paying customer service representatives for all hours worked, saying that an analysis of their job duties is first needed to determine whether a Fair Labor Standards Act exception for air carriers applies.
Law firms hoping to lead a proposed class action over stock drops supposedly caused by Ulta Beauty Inc.'s alleged failure to disclose its selling of repackaged beauty products pounced on each other's bid for the designation Thursday, with counsel for a group of investors telling an Illinois federal judge that their clients lost more than double the two opposing movants combined.
The parent company of Chili’s Grill & Bar was hit with a putative class action in Florida federal court Thursday over hacked customer credit and debit card information, less than two weeks after the company announced that a data breach had affected some of its 1,600 restaurants.