In 2007, a lawsuit was filed against energy giant Edison International, alleging that the company violated the Employees Retirement Income Securities Act of 1974 (ERISA) by offering employees higher-priced retail class mutual funds as retirement plan investments when what were basically the same funds could be had under lower-cost institutional shares. The class action against Edison was brought on behalf of about 20,000 employees and retirees.
For decades Hollywood studios have found creative and controversial ways of dividing profits among industry professionals. One specific area where actors, writers and directors have taken issue is in the division of profits from home video revenue.
Legal claims are highly procedural and time-sensitive. To be successful, claims must be correctly processed and contain sufficient evidence to move the claim forward. The federal government and the states also have various statutes of limitations for different kinds of claims, and if you are party to a legal dispute, then your lawyer should be abreast of the relevant procedural requirements and statutes of limitations when advising you on your case.
Since the mid-1980s, the federal False Claims Act has been the government's primary tool for fighting fraud against government programs, including Medicare and Medicaid. The law's qui tam provisions allow whistleblowers to bring lawsuits against companies and individuals that defraud the government, and whistleblowers have collectively received billions of dollars in rewards for blowing the whistle on fraud.
Dozens of federal and state laws offer protections to whistleblowers in a variety of industries. The False Claims Act, the Dodd-Frank Act and the Financial Institutions Reform, Recovery and Enforcement Act (FIRREA) are just a few of those laws that allow for whistleblowers to receive a significant portion of any money recovered by the Department of Justice through settlement or judgment.
One way class action lawsuits are sometimes resolved is through a settlement. When a proposed settlement arises in a class action case, a decision comes before the different class members: whether to be a party to the settlement or to opt out.
A number of veteran litigators at Shepherd, Finkelman, Miller & Shah started out as labor attorneys. Since then, SFMS lawyers have represented a wide range of clients, including labor organizations, private employers, public employers, employee plaintiff groups and individual employees.
The app-based transportation network Uber continues to face legal troubles, as three lawsuits have been brought in the last month on behalf of Uber passengers. The San Francisco-based company is also facing a class action lawsuit in which a class of drivers says the company failed to pay them as employees. Jillian Boyce, of Shepherd, Finkelman, Miller & Shah, discussed the drivers' lawsuit in a previous post.
The Employment Retirement Income Security Act of 1974, commonly called ERISA, is a federal law that establishes standards for protecting the retirement funds of millions of Americans who work in private industry. There is no requirement under ERISA that employers must provide a pension plan, but employers who do establish retirement plans -- a 401(k), for example -- must the meet the minimum standards under the law.
To settle a class action lawsuit against Wells Fargo, a deal has been proposed to divide $5.6 million among about 135 brokers. The suit was brought by two brokers who formerly worked at Wells Fargo Advisors LLC, and the case may be of interest to individuals and companies with complex employment agreements involving bonuses and other benefits.