Class Action

  • August 7, 2006

    Dairy Giant Milks Banca Popolare For €60M

    Banca Popolare Italiana has become the first Italian bank to settle with formerly bankrupt dairy giant Parmalat SpA, which is seeking about €7.5 billion from 50 banks worldwide in claw-back suits.

  • August 8, 2006

    IBM Pensions Not Discriminatory, Appeals Court Rules

    A U.S. Appeals Court panel overturned a lower court decision Monday that said International Business Machines Corp.’s pension plan discriminated against older workers.

  • August 8, 2006

    Judge OKs Brokers' Overtime Case Against A.G. Edwards

    Giving the green light to an overtime pay case brought by three former A.G. Edwards & Sons Inc. brokers, a federal judge last week denied the financial powerhouse’s bid to toss the claims, ruling that there are enough genuine issues of fact for the case to move forward.

  • August 4, 2006

    Claims Tossed In Suit Against Biotech Company

    An embattled biotech company and its disgruntled shareholders will have to go another round in court, after a California judge dismissed half the plaintiffs’ claims.

  • August 3, 2006

    Lerach Wins Fight Over Lead Status In XM Radio Case

    After consolidating the various securities class actions facing XM Satellite Radio Holdings Inc., a Washington, D.C. district court has stepped into the fray and appointed the Union Pension Group as lead plaintiff in the combined lawsuit.

  • August 3, 2006

    GEICO Accused Of Welding Its Way Into Auto Repair

    A class action lawsuit accuses insurance giant GEICO of illegally setting rates for auto body repair shops in California by tampering with the state-mandated surveys it conducts as an auto insurer.

  • August 4, 2006

    Antitrust Case Filings Soar In 2006

    Hard-charging regulators, a more aggressive plaintiffs bar, and the implementation of a new law may be the cause for a whopping 42% increase in antitrust litigation from the first half of 2005 to the first half of 2006, experts say.

  • August 2, 2006

    El Paso Corp. Settles Class Action Suit For $273M

    Natural gas provider El Paso Corporation has agreed to pay $273 million to settle a shareholder class action alleging securities fraud and the manipulation of markets.

  • August 1, 2006

    Drug Cos. Hit With Plavix Antitrust Class Action

    Pharmaceutical giants Bristol-Myers Squibb Co., Sanofi-Aventis and Apotex Corp. were served with two antitrust class actions on Monday over their controversial Plavix settlement agreement.

  • July 31, 2006

    Copper Tubing Industry Hit With Class Action

    The copper tubing industry artificially raised prices over at least a 13-year span, according to a class action lawsuit filed last week in the U.S. District Court in San Francisco.

  • July 31, 2006

    Court Bounces Slew Of Claims Against Smith Barney

    In a boost for Citigroup Inc., a federal court has tossed the majority of class action claims against the investment giant’s Salomon Smith Barney unit as the aftershocks of the 2003 mutual fund scandal continue to reverberate.

  • July 27, 2006

    Shell Earmarks $500M For Possible Settlement

    Royal Dutch Shell has set aside $500 million to deal with potential settlement costs in federal class action shareholder suits the company faces in New Jersey.

  • July 26, 2006

    Microsoft To Pay $1.1B Antitrust Settlement

    A missed deadline at an appeals court has cleared the way for Microsoft Corp. to pay out $1.1 billion in a class action antitrust suit that accused the software giant of price-gouging.

  • July 26, 2006

    Securities Class Actions At Decade Low, Survey Finds

    The number of securities fraud class action lawsuits has continued to drop this year amid signs that corporations are beginning to take corporate governance more seriously, according to a study by Stanford University.

  • July 26, 2006

    Apple Hit With Antitrust Class Action Over iPods

    A top plaintiff’s firm is trying to take a bite out of Apple Computer Inc., filing a class action that alleges the computer maker is using “illegal tactics” to fend off the competition for its iPod player and online music and video store.

  • July 26, 2006

    Banks Lose $99M To Global Crossing Investors

    A group of investment banks has agreed to fork over $99 million to settle an ongoing class action lawsuit against collapsed telecommunications company Global Crossing Ltd.

  • July 25, 2006

    Lawsuits, Investigations Unaffected By HCA Sale

    While the proposed $22 billion purchase of HCA Inc. by three private equity firms will put the company into private hands, it will not pull the hospital chain out of regulatory hot water.

  • July 25, 2006

    Orthopedic Industry Braces For Possible Storm

    Class actions against orthopedic device makers are piling up in the wake of revelations that the U.S. Department of Justice is investigating 75% of the orthopedic industry for alleged price-fixing. We take a look at what's ahead for the industry.

  • July 24, 2006

    Van Der Moolen Washes Its Hands Of Stock Fraud

    In a move that will bring Van der Moolen Holding N.V. and subsidiary Van der Moolen Specialists USA LLC closer to putting memories of an alleged illegal stock trading fraud behind them, the companies have agreed to settle a resulting securities class action for $8 million.

  • July 24, 2006

    Class Action Against Marsh & McLennan To Proceed

    A class action securities lawsuit alleging bid-rigging and price-fixing by insurance company Marsh & McLennan will head to court, after a judge ruled that the plaintiffs’ allegations warrant a jury trial.