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.
John Hancock Life Insurance Co. agreed to pay more than $91 million to end a proposed class action alleging the company was jacking up life insurance policy rates by using the wrong mortality rate calculations, according to filings Friday in New York federal court.
An Acadia Pharmaceuticals Inc. shareholder slapped the biopharmaceutical company with a putative securities fraud class action in California federal court Thursday, claiming the company inflated its stock price by hiding safety risks and downplaying reports of deaths connected to its treatment for hallucinations and delusions.
MGM Resorts International has asked the U.S. Judicial Panel on Multidistrict Litigation to consolidate more than a dozen suits filed in connection with last year’s Las Vegas mass shooting, saying all claims and potential claims arise out of a single event.
A Kansas federal judge ruled Friday that Boeing Co. must face claims that the company’s treatment of workers’ benefits after it sold a Kansas plant to Spirit AeroSystems Inc. in 2005 violated the Employee Retirement Income Security Act, and Boeing cannot hold five separate trials to resolve the allegations.
A Perkins Coie LLP investigation of allegations that a now-deceased Ohio State University sports team doctor sexually abused or harassed student-athletes and others has unearthed sexual misconduct claims made by more than 100 former students, the school said Friday.