It is likely that many Connecticut readers of our full-service business and consumer advocacy law firm have heard about class action lawsuits.
The following narrative in today's blog post flatly underscores that scammers in the securities realm will go to virtually any length to lighten the wallets of the investing public.
First you pump them.
The sordid details surrounding a long-tenured private arbitration case became available for public scrutiny several weeks ago. The matter centrally pits the mega national jewelry manufacturer and retailer Signet Jewelers Ltd. (the parent company of Sterling Jewelers, which owns mall mainstays Kay Jewelers and Jared the Galleria of Jewelry, respectively) against a stunning 69,000 female plaintiffs alleging pay and promotion discrimination, as well as sexual harassment.
From wedding to, well, penitentiary.
Although it might have reasonably seemed to many plaintiffs involved in a tough and protracted litigation battle that their lawsuit alleging wrongdoing on the part of a major global company would never end, it finally did.
Many people across the country do not fully understand what is meant by the term "whistleblower" in the employment law context.
A class action lawsuit is readily identifiable as litigation where the common interests of a large number of plaintiffs are implicated and where it would both inconvenient and prohibitively costly for a single individual or entity to commence a claim for damages. Product liability cases are frequently pointed to as typical class action examples, as are securities cases alleging wrongdoing that has harmed many investors.
Securities law -- its rules, processes, enforcement mechanisms and related tangents -- is understandably complex.
Germane data relevant to class action litigation activity is always notable and of material interest in Connecticut and across the United States, given that it sheds light on alleged corporate malfeasance and the level of plaintiff filings in state and federal courts.