Class action

U.S. Supreme Court Sides With ERISA Plaintiff
Risk & Compliance

U.S. Supreme Court Sides With ERISA Plaintiff

The ruling in a case against Intel could make it easier for retirement plan beneficiaries to sue administrators for investing plan funds imprudently.
By Matthew Heller | February 27, 2020
Read More
Ring Suit Alleges Cameras Vulnerable to Hackers
Technology

Ring Suit Alleges Cameras Vulnerable to Hackers

“Ring does not fulfill its core promise of providing privacy and security for its customers, as its camera systems are fatally flawed,” the suit says.
By Matthew Heller | December 27, 2019
Read More
Banks Settle Bond Price-Fixing Claims for $337M
Risk & Compliance

Banks Settle Bond Price-Fixing Claims for $337M

“The brazen attitude exhibited by Wall Street traders toward public institutional buyers of GSE bonds was shocking,” the lead plaintiff says.
By Matthew Heller | December 17, 2019
Read More
Court Dismisses Suit Over CBOE’s ‘Fear Gauge’
Risk & Compliance

Court Dismisses Suit Over CBOE’s ‘Fear Gauge’

A federal judge says investors failed to show the exchange intentionally designed a settlement process that made its VIX index vulnerable to manipulation.
By Matthew Heller | May 30, 2019
Read More
Navistar Settles Defective Engine Suits for $135M
Risk & Compliance

Navistar Settles Defective Engine Suits for $135M

The settlement resolves the class-action claims of truck owners who alleged Navistar failed to disclose a defect in engine exhaust-treatment systems.
By Matthew Heller | May 30, 2019
Read More
Supreme Court Deals Antitrust Blow to Apple
Technology

Supreme Court Deals Antitrust Blow to Apple

The court says iPhone users are eligible to sue Apple for overcharging them for apps sold in the App Store.
By Matthew Heller | May 13, 2019
Read More
Philadelphia Sues Banks for Bond Rate Collusion
Risk & Compliance

Philadelphia Sues Banks for Bond Rate Collusion

The city says seven big banks conspired to inflate rates on VRDO bonds so they could "continue to collect re-marketing fees for doing nothing."
By Matthew Heller | February 22, 2019
Read More
Petrobras Settles Investor Class Action for $2.9B
Risk & Compliance

Petrobras Settles Investor Class Action for $2.9B

The settlement resolves investor claims arising from the $2 billion corruption scandal that has rocked Brazil for four years.
By Matthew Heller | January 3, 2018
Read More
Facebook Scraps Share Reclassification Plan
Risk & Compliance

Facebook Scraps Share Reclassification Plan

The plan would have enabled CEO Mark Zuckerberg to maintain control of the company but ran into a shareholder class-action lawsuit.
By Matthew Heller | September 25, 2017
Read More
Neiman Agrees to Pay $1.6M Over Data Breach
Risk & Compliance

Neiman Agrees to Pay $1.6M Over Data Breach

The settlement ends a three-year legal battle between the retailer and customers whose credit card information was allegedly exposed by the 2013 hack.
By Matthew Heller | March 21, 2017
Read More
Exposure to Wage-and-Hour Class Actions Heightens
Workplace Issues

Exposure to Wage-and-Hour Class Actions Heightens

For plaintiffs' lawyers, it's growing easier to get wage-and-hour cases certified and to win settlements from employers.
By David McCann | February 1, 2017
Read More
Class-Action Filings Hit Record in U.S. Courts
Risk & Compliance

Class-Action Filings Hit Record in U.S. Courts

The 43% increase in securities cases to 270 last year largely reflects "forum shopping" in the wake of a Delaware court ruling.
By Matthew Heller | January 31, 2017
Read More
Judge OKs $14.7B Settlement in VW Scandal
Risk & Compliance

Judge OKs $14.7B Settlement in VW Scandal

VW calls the approval of the deal with 475,000 vehicle owners "an important milestone in our journey to making things right in the United States."
By Matthew Heller | October 25, 2016
Read More
Transamerica Settles Suit Over Its Own 401(k)
Risk & Compliance

Transamerica Settles Suit Over Its Own 401(k)

The class action alleged the retirement plan provider charged participants $40 million in "bloated and superfluous" fees.
By Matthew Heller | June 29, 2016
Read More
High Court Sides With Businesses in Privacy Case
Technology

High Court Sides With Businesses in Privacy Case

Consumers must show "concrete" harm when consumer reporting agencies publish inaccurate information about them, the court rules on a 6-2 vote.
By Matthew Heller | May 16, 2016
Read More
Next