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.
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.
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.
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.
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.
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.
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."
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.
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.
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.
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.