Wal-Mart Stores Inc. will fork out $17.5 million to settle a class action alleging the retail giant discriminated against black candidates when recruiting truck drivers.
A federal judge shot down aspects of both claims in a class action alleging that Moody's Investors Service misled investors about its independence from the entities that it rated, but gave plaintiffs the green light to file a second amended complaint.
In a blow to the investment group that owns the professional basketball team formerly known as the Seattle Supersonics, a federal judge has left open the possibility for class certification in a case brought by season-ticket holders who claim they were persuaded to fork over money to renew their tickets even as the team was being moved to Oklahoma.
A class of direct purchasers in multidistrict antitrust litigation against Nvidia Corp. and Advanced Micro Devices Inc. over graphics processing units has asked the federal court overseeing the case for final approval of a $1.7 million settlement deal.
A group of AT&T Corp. call center workers is a step closer to winning collective action status in its overtime action against the telecommunications giant after a magistrate judge recommended conditionally certifying the group Thursday.
A special master has denied an attempt by Advanced Micro Devices Inc. and a class of plaintiffs to force Toshiba Corp. to turn over more documents as the parties build their antitrust case alleging Intel Corp. unlawfully maintained a monopoly in the microprocessor market.
A proposed class action over the failure of analog-based telecommunications equipment for OnStar safety systems will proceed largely intact after a judge sliced a few claims at the request of the defendants, which include General Motors Corp. and American Honda Motor Co., but left the door open for plaintiffs to amend their case.
Federal judges have stayed three lawsuits the U.S. Equal Employment Opportunity Commission brought against grocery store chain Albertson's LLC so the parties can hammer out the final details of a settlement.
A federal appeals court panel has affirmed the dismissal of a proposed class action accusing Deere & Co. and Fidelity Management Trust Co. of offering 401(k) plans that charged excessive fees and of failing to adequately disclose those fee structures.
In an unusual move, a federal judge has dismissed a putative class action against some hedge funds and securities analysts related to the stock of Canadian drugmaker Biovail Corp. as a sanction against the lead plaintiff and his attorneys.
A federal judge has certified a nationwide collective action against Citigroup Inc. that accuses the company of misclassifying its business banking officers as exempt and failing to pay them for hours worked off the clock.
A federal judge has decertified the class in a suit alleging Microsoft Corp. misled consumers with a marketing campaign for the Vista operating system by claiming that the product would work on computers that didn't actually support it.
Reinforcing the strict standard outlined in a recent U.S. Supreme Court ruling for proving loss causation in a securities fraud suit, a federal appeals court has affirmed a lower court ruling rejecting the testimony of a key expert for the plaintiffs and granting summary judgment in favor of the energy firm Williams Cos. Inc.
A federal judge has certified a class of more than 800 would-be firefighters in a suit brought by the National Association for the Advancement of Colored People against a northern New Jersey fire department in an effort to do away with a residency requirement for job applicants that the group claims leads to discrimination.
Banco Santander SA has agreed to issue a corrected notice that will allow investors devastated by Bernard L. Madoff's alleged $50 billion Ponzi scheme to assess the bank's compensation offer in light of a putative class action, laying to rest an emergency motion by the plaintiffs to enjoin the bank from communicating with clients on the matter.
An appellate court has affirmed a lower court’s decision to remand a proposed class action over single credit insurance premiums, saying the defendant – Guarantee Life Insurance Co. – failed to show a reasonable probability that the amount in controversy would exceed the $5 million minimum established by the Class Action Fairness Act of 2005.
A delivery driver has filed a putative class action accusing DHL Express (USA) Inc. of failing to properly compensate workers for overtime and meal expenses in violation of federal and state laws.
Contending that a proposed merger with Abbott Laboratories is not in the best interest of investors, a shareholder of Advanced Medical Optics Inc. has filed a putative class action against the company's officers accusing them of fixing an unfair stock price.
A Louisiana couple has asked a federal court to certify a class action against State Farm Fire & Casualty Co. over an allegedly flawed method it used to calculate insurance payouts to victims of Hurricane Katrina.
An investor has launched a proposed class action against Ticketmaster Entertainment Inc. and its board of directors, accusing the executives of breaching their fiduciary duty to shareholders by taking advantage of the low price of the company’s stock to sell the ticketing giant to rival and concert promoter Live Nation Inc. for less than its worth.