Travelers Cos. Inc. has agreed to pay $77 million to put to rest a purported class action alleging insurance securities fraud resulting from the company's alleged involvement in a bid-rigging scandal, the New Mexico attorney general announced Thursday.
Despite months of plaintiffs' lobbying, the federal judge overseeing the Fosamax product liability litigation has denied class status to patients who have yet to develop a painful jaw condition allegedly linked to the osteoporosis medication.
A federal appeals court has affirmed a ruling granting summary judgment to CC Services Inc., against claims adjusters who asserted they were improperly classified as exempt from the Fair Labor Standards Act's overtime provisions.
Apple Inc.'s market-topping iTunes online store and iPod music player have come under antitrust fire again, with purchasers on Monday filing another putative class action in California federal court.
Consumers who bought LG Electronics Inc. high-definition projection televisions have reached a deal to resolve class action allegations that the South Korea-based technology company concealed the existence of defects in the TVs.
A federal judge has denied a motion from Fujifilm USA Inc. to throw out a purported class action that alleges the company knowingly sold defective digital cameras, allowing the case to continue toward trial.
A judge has awarded Coughlin Stoia Geller Rudman & Robbins LLP more than $107 million in fees and $2.25 million in expenses for serving as the lead counsel for the plaintiffs in a securities class action against Cardinal Health Inc.
French pharmaceutical giant Sanofi-Aventis has been hit with a putative securities class action accusing it and five individuals of withholding information about anti-obesity drug Zimulti's tendency to cause severe psychiatric problems, including suicidal thoughts and actions.
Pharmaceutical giant AstraZeneca LP has fired back at a special master's allegations that “mismanagement and inadequate oversight” by the company have slowed the progress of litigation over the company's blockbuster drug Seroquel, calling the special master's tone inappropriate for a court-appointed officer.
The judge overseeing the Stand 'N Seal multidistrict product liability litigation has endorsed the plaintiffs' bid for the creation of a settlement trust, lending a boost to defendant SLR Inc.'s quest to end its involvement in the product liability litigation over the controversial grout sealer.
Two plaintiffs have asked to be named lead plaintiff in suits alleging investment bank Merrill Lynch & Co. misrepresented and failed to disclose facts about its subprime mortgage debt exposure.
Ford Motor Co. has agreed to pay $1.6 million to settle a race discrimination action brought by the U.S. employment agency on behalf of hundreds of aspiring apprentices across the country.
The multidistrict product liability litigation over Stand 'n Seal appears to be nearing its end for at least one of the defendants, with the majority of plaintiffs seeking the appointment of a special master in the wake of a confidential settlement with SLR Inc. over the controversial grout sealer.
An appeals court has revived a class action against Bear, Stearns & Co. after overturning a federal judge's order granting settlement with shareholders who implicated the broker in a fraud scheme that led to the collapse of now-defunct securities firm Sterling Foster & Co.
A federal judge has dismissed an antitrust class action against 11 of the largest investment banks in the United States alleging a conspiracy to charge exorbitant and unjustified fees for so-called naked short selling.
Electronic Data Systems Corp. is inching closer to settling ERISA claims filed by a purported class of more than 85,000 employees who accused the technology services company of enticing improper investments of retirement funds into company stock.
A federal judge has dismissed all but one allegation from a putative class action ERISA suit brought against Washington Mutual Inc.’s pension plan, claiming the plan discriminated against employees based on age.
In a rare denial during the early stages of a federal wage-and-hour collective action, a New Jersey district court judge has refused to certify a class of thousands of Sanofi-Aventis pharmaceutical sales representatives who were allegedly denied unpaid overtime wages.
Dozens of cases in state and federal courts could have a significant impact on the world of product liability law. Here are five to look out for this year.
A purported class of Delta Financial Corp. employees have sued the bankrupt subprime mortgage lender for allegedly not giving appropriate notice when it cut nearly 97% of its workforce.