Citigroup Inc. has asked a New York federal court to consolidate 16 cases that collectively accuse the financial conglomerate of ERISA and securities law violations for alleged losses incurred from Citigroup's mortgage securitization business.
Employees suing Merrill Lynch & Co. Inc. for ERISA violations in the wake of the subprime mortgage industry collapse have called for the consolidation of their eight parallel putative class actions.
Aluminum producer Alcoa Inc. has been hit with a collective wage-and-hour action by hundreds of workers who want to be paid for time spent donning and doffing mandatory safety gear.
A federal judge has tossed a proposed $48 million class action that targeted Thomson Corp. and West Publishing Co.'s bar test preparatory company BAR/BRI under consumer protection statutes.
A group of plaintiffs has asked a district court judge to rethink his order refusing to certify the class in an action against TJX Companies Inc. over a massive security breach across the United States.
A former AT&T Inc. employee has alleged in a proposed class action that the company violated the federal Family and Medical Leave Act by firing him after he requested time off to care for his ailing mother.
Lawyers argued on Monday that holding former EPA administrator Christine Todd Whitman liable for telling New Yorkers that the air was safe post-Sept. 11, 2001, would set a precedent that could scare government officials into keeping quiet rather than risk saying the wrong thing in the wake of future disasters.
A group of Canadian plastic parts manufacturers has won class certification in its lawsuit against E.I. DuPont Canada Co., which accuses the company of setting and maintaining anti-competitive prices for engineering resins used in the auto industry.
A Canadian judge has granted class status to plaintiffs in product liability litigation over Medtronic Inc.'s recalled implantable defibrillators, ruling that “access to justice” favored certification.
A bankruptcy judge has refused to grant the lead plaintiff in a consolidated securities class action suit against New Century Financial Corp. access to documents relating to the bankrupt subprime lender’s alleged accounting fraud.
American Express Co. and merchants that sued over its alleged illegal tying and anti-competitive pricing faced off before the Second Circuit on Monday over arbitration clauses in the company's contracts that forbid collective action by some of its merchants.
The latest casualty of the $430 million fraud scandal at bankrupt Refco Inc. is the company's general counsel, Dennis Klejna, who has reached a $7.6 million settlement with shareholders that accused him of complicity in the scheme that felled the futures broker.
Eight Citigroup Inc. employees have filed class action lawsuits against the financial services giant and its board of directors alleging that the company mismanaged employee pensions.
A service recently launched by The Nielsen Co. that polices copyright-protected content posted on Web sites may come into play in the putative copyright class action pending against YouTube and its parent Google Inc., according to an attorney representing content owners in the suit.
A federal judge has dismissed the remaining claims in a wage-and-hour suit brought against the brokerage arm of UBS by a former advisor who opted out of a $44 million settlement.
A judge finalized a $13.75 million class action settlement Thursday in a lawsuit that alleged OmniVision Technologies Inc. misled investors about the financial state of the company.
Footwear retailer Genesco Inc. and its executives have been hit with a class action by investors alleging they artificially inflated the company's earnings reports to woo potential suitors, only to see the stock price tumble and acquisition offers dry up when the truth emerged.
Adding to already formidable legal challenges, Washington Mutual Inc. has been hit with a putative class action brought by employees who accuse the U.S.'s largest savings-and-loan of acting as a poor steward of their 401(k) retirement plans in violation of the Employee Retirement Income Security Act of 1974.
Geico General Insurance Co. and its subsidiaries are facing a class action for allegedly cheating customers out of full reimbursement for automobile repairs by paying reduced prices for replacement parts.
A putative class action against three former Winn-Dixie Stores Inc. executives was tossed Wednesday, with a federal judge finding that statements the defendants made about their new business strategy are not actionable under federal securities laws.