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.
Global nutrition supplement company Herbalife Ltd. and 44 of its top distributors have been hit with a putative class action in Florida federal court that plaintiffs say has the potential to result in up to $1 billion in damages on allegations the company is using a pyramid scheme to bait consumers with the "promise of riches."
A California federal judge Thursday ordered Marvell Technology to give a putative class of investors the underlying work papers used to prepare an investigatory report that Marvell commissioned on its accounting practices, saying such reports are “suspect” and that tendering it to the U.S. Securities and Exchange Commission waived any privilege.
Safeway Inc. urged a California judge Thursday to toss dozens of suits in consolidated litigation alleging it shorted certain assistant store managers by misclassifying them as overtime-exempt employees, saying the workers spend more than half their time on supervisory tasks.
UnitedHealth Group Inc. on Wednesday urged the Eighth Circuit to take one more look at its decision that the health insurance giant's excess insurers don’t have to contribute to the $350 million it is shelling out to settle two class actions, saying the panel had failed to consider the evidence that made its case.
Wolf Haldenstein Adler Freeman & Hertz LLP will serve as lead counsel for a proposed class of Zoompass Holdings Inc. investors in a suit alleging the Canadian financial technology company concealed its involvement in a scheme to promote its stock, a New Jersey federal judge said on Wednesday.