Class Action Lawsuits

Each year a large number of Americans become plaintiffs in “class action” lawsuits throughout the country. In this unique type of litigation, individuals band together to file a suit as a single entity against a common defendant. Understanding what is involved in filing a class action lawsuit can help individuals in deciding if this is […]

Celadon Admits to Securities Fraud

Recently, the Indiana trucking company, Celadon, agreed to pay restitution of $42.2 million to its shareholders after it settled with the U.S. Department of Justice on securities fraud charges. Celadon is a publicly traded company that provides trucking and transportation services in the United States, Mexico and Canada. The settlement requires that Celadon pay $5 […]

How to Recover Financially After Fraud

Individuals who have experienced the devastating effects of financial fraud can spend years replenishing their bank accounts and restoring their damaged credit. During this stressful time, knowing what steps to take to fully recover financially can help individuals and families move forward. Properly Report the Crime Early reporting of financial crimes like fraud is essential […]

Red Hat and IBM Deal Leads to Shareholder Complaints

Technology giant IBM’s recent acquisition of open source software company Red Hat continues to make waves in the investment world. By merging with Red Hat, IBM can operate beyond its current infrastructure, which relies heavily on in-house private servers and third-party cloud sources. The merger allows secure and portable interfaces across multiple cloud platforms. While […]

Benefits of Class Action Lawsuits

Class action lawsuits are useful for groups of individuals who have suffered a loss due to a company’s harmful actions. By banding together instead of pursuing separate lawsuits, individuals who have suffered harm can consolidate their efforts and increase their chances of success. There are several significant benefits to class actions, compared to what plaintiffs […]

Florida and New York Classes Recommended for Certification in Gerber False Advertising Action

On February 20, 2019, Magistrate Judge Ramon E. Reyes, Jr., of the United States District Court for the Eastern District of New York, found that the proposed classes of New York and Florida consumers of Gerber Products Co.’s (“Gerber”) Good Start Gentle baby-formula satisfied their state law requirements, while proposed North Carolina and multistate classes […]

Risk Management Investor Class Action Against Credit Suisse Continues

On February 19, 2019, Judge Lorna G. Schofield, of the United States District Court for the Southern District of New York, recently ruled that investors in Credit Suisse Group AG (“Credit Suisse”) sufficiently alleged that the bank concealed risk management issues in its fixed-income franchise before $1 billion in write-downs in 2016. The class, headed […]

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Fieldale Poultry Company To Settle Price-Fix Suit for $1.4 Million

On February 13, 2019, Judge Thomas Durkin, of the United States District Court for the Northern District of Illinois, granted early approval to Georgia-based Fieldale Farms Corp. (“Fieldale”) for a $1.4 million settlement of claims from buyers of broiler chickens that allege the poultry company artificially drove up the price of its chickens for decades. […]

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Transamerica Faces 401(k) ERISA Class Action

On December 28, 2018, a proposed class of approximately 17,000 participants in the 401(k) Plan for Transamerica Corp. (“Transamerica”) sued the financial services company in the United States District Court for the Northern District of Iowa. The participants are accusing Transamerica of violating the Employee Retirement Income Security Act (“ERISA”) by including six obviously underperforming […]

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FedEx Agrees to $2.1 Million Settlement in NY Underpayment Suit

On December 20, 2018, FedEx Corporation (“FedEx”) agreed to a $2.1 million settlement in a 2010 suit brought by the New York attorney general alleging that hundreds of FedEx workers were underpaid as a result of being misclassified as independent contractors. As independent contractors, approximately 500 delivery drivers were denied overtime pay and had illegal […]