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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Whistleblower Cases Yield Huge Fraud Recovery Against Pharmacy Chain

Federal regulators and law enforcers understandably don’t like being defrauded by companies that take taxpayers’ money and do business with government agencies. When possible, they strike back hard with financial clawbacks and penalties assessed under a plethora of laws that spotlight fraud and attack it aggressively. One such law is the federal statutory False Claims […]

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GoPro To Settle Stock Drop Class Action for $6.75 Million

A proposed class of investors in GoPro, Inc. (“GoPro”) have requested that the United States District Court for the Northern District of California approve a $6.75 million settlement of claims that the action camera company hid mistakes that caused its stock prices to fall. The suit accuses GoPro of announcing a new camera, HERO5, and […]

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Sexual Harassment Training in the Workplace

Discussing nuanced situations, getting feedback, picking a good format and outlining the proper reactions can help educate workers on sexual harassment. According to National Public Radio, 81% of women and 43% of men have experienced sexual harassment. Additionally, a CNBC survey reported that 20% of American adults have experienced sexual harassment at the workplace. Employers […]

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Workplace Age Bias: Pernicious, Often Subtle and Circumstantial

It lives. And it reportedly thrives, despite state and federal prohibitions against it. Today’s blog post spotlights workplace age discrimination, a seemingly intractable on-the-job scourge that adversely affects a singular demographic in Connecticut and everywhere else across the country. That is the 40-and-over crowd, a population that first gained some statutory protection against age bias […]

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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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Ending Not Yet in Sight: Unparalleled Air Bag Recall Continues

One name looms largest when it comes to vehicle air bag recalls. That is Takata, the Japanese bag manufacturer that once was an industry powerhouse, making and selling air bags to passenger vehicle makers across the globe in units totaling scores of millions. Ironically, it is now scores of millions of bags that are being […]

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Perceived Conservative Justice Pens Liberal Outcome in SCOTUS Case

Commentators remarking on U.S. Supreme Court Justice Neil Gorsuch have widely perceived during that jurist’s short tenure thus far that he is a solidly conservative voice on the court. Gorsuch is believed to favor big business and entrenched commercial interests pursuant to a so-called “textualist” philosophy. That mindset espouses statutory interpretation without regard to underlying […]

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How Key is Whistleblower Participation in Government Fraud Matters?

Commentators on the U.S. False Claims Act (FCA) often spotlight the year 1986 as being clearly relevant for money recoveries against wrongdoers seeking to defraud the federal government. A recent article on FCA clawbacks against government fraud duly notes that year, as do we on a website page at Shepherd, Finkelman, Miller & Shah (SFMS) […]

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The Slippery Slope of Workplace Harassment Begins With Defining It

A vendor that regularly visits your company can’t seem to ever leave the premises without first telling a few off-color jokes. A handful of office regulars generally seem to find his puns humorous and a welcome respite to workplace routine. Others are often offended. An office manager at your business firm routinely schedules performance checkups […]