Consumer Protection Law360 provides breaking news and analysis on consumer rights law. Coverage includes litigation and enforcement actions over false advertising, deceptive trade practices, predatory lending, and debt collection, as well as related policy developments.
Insiders of a now-bankrupt Chicago cab company offloaded its revenue stream to another entity in anticipation of a $26 million personal injury judgment, and also misappropriated $160 million in profits from medallion transactions using the cab company’s money, according to a new suit by a bankruptcy trustee on Thursday.
A California federal judge on Friday tossed for the third and final time sprawling multidistrict litigation accusing Facebook of unlawfully tracking users' browsing activity after they signed off, ruling that plaintiffs had failed to identify an actual contract that prohibited the social media site's behavior.
The Hanover Insurance Co. doesn't have to defend Innovak International Inc. in a proposed class action claiming the information technology company failed to prevent a 2016 data breach that compromised users' personal information, a Florida federal judge ruled Friday, saying coverage doesn't exist because the data wasn't allegedly published by Innovak.
Attorneys battling over control of $12 billion worth of investment trusts holding 800,000 securitized student loans moved Friday to settle a key ownership impasse that snarled disputes in multiple courts over slipshod loan management and unsupported default and collection lawsuits.
House Energy and Commerce Committee leaders on Friday dialed up the heat on Equifax over a massive data breach that compromised 145.5 million Americans' personal and financial records, demanding more answers to questions related to the software vulnerability that was exploited, the credit bureau's response to the incident and a potential second compromise in mid-October.