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."
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.
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.
Lumber Liquidators Posts Wider Loss
The company attributed a sales decline to changes in its promotional strategy and 'continued negative consumer sentiment.'
Facebook Can’t Dodge Suit Over Photo Tagging
A judge rules Illinois' biometric privacy law may apply to Facebook's use of facial recognition software to tag photos.
Class-Action Settlements Reach Five-Year High
The large number of settlements in 2015 reflected the fact that 189 new securities class actions were filed, the most since 2008.
High Court Upholds ‘Trial by Formula’ Evidence
Tyson Foods workers relied on statistical evidence from an industrial relations expert to show they worked more than 40 hours a week.
MF Global Investors Settle Fraud Claims for $29M
The settlement with five financial institutions that underwrote the sale of MF Global bonds brings the total recovery for investors to about $234 million.
Tesco Settles Investor Class Action for $12M
The suit followed the U.K. grocer's admission that it overstated half-year profits by $377 million because of accounting errors.
3 Banks to Pay 54% of $1.8B CDS Suit Settlement
JP Morgan Chase, Morgan Stanley, and Barclays are shouldering most of the cost of a deal that resolved investors' allegations of CDS price fixing.
Class Action Filings, Market Cap Losses Stay Low
2015 is on course to tie for the fifth-lowest number of class action filings in the past 19 years, a new report says.