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 New York federal judge granted class certification Thursday to holders of just three of the 35 American depository receipts originally named in a putative class action accusing Citigroup Inc. and its affiliates of manipulating the exchange rate when providing dividends from foreign companies to ADR holders.
The U.S. Supreme Court on Monday is slated to consider whether its own doctrine should allow plaintiffs in certain instances to file new class actions after the deadline to do so has passed, an idea that some lawyers say may face a chilly reception from the bench.
Volkswagen AG’s U.S. subsidiaries have pressed their bid to dismiss claims from a proposed class of drivers who sold their Volkswagen vehicles before the German automaker’s diesel emissions cheating scandal broke, telling a California federal judge that these drivers still haven’t shown an injury that would give them standing.
Yelp asked a San Francisco judge Friday to throw out a class action alleging it illegally recorded sales calls to potential advertisers, saying none of the named plaintiff’s phone conversations were recorded and that when Yelp does monitor sales calls without warning the customer, it only records the representative’s side of the conversation.
Fiduciaries of a Deutsche Bank employee benefits plan accused of steering investments into underperforming proprietary funds that paid the bank high fees pressed their case for a partial quick win in New York federal court on Friday.