A class action by Opes Prime investors against the failed stockbroker, ANZ Banking Group Ltd and investment bank Merrill Lynch in the Federal Court has been adjourned until August 21 for a further directions hearing.Law firm Slater & Gordon Ltd has launched a claim for more than $100 million...
Court OKs class action suit against Wal-MartWal-Mart discriminationI think that it is about time,maybe this will finally be thoroughly looked into. I know that I was supposed to be contacted about an ongoing case and have not heard from anyone. Am I surprised ? NO !I am currently...
What to do about class actions, settlements and related proofs of claim? This has been an issue begging for clarification for years and has been punctuated by recent class action complaints against mutual funds and their investment advisers and even more recent inquiries by the SEC's Office of Compliance Inspections...
This article presents the findings of a study of the resolution of motions to dismiss securities fraud lawsuits since the passage of the Private Securities Litigation Reform Act in 1995.These circuits are the leading circuits for the filing of securities class actions and are generally recognized as representing two ends...
If private securities class actions alleging fraudulent behavior by officers or directors of a company are meritorious, directors and officers should pay a reputational penalty when they sit on a board of a company where the officers and directors are accused of fraud. The author finds little evidence of a...
From the executive summary: ‘The search engine marketing sector has to deal with cheats that portray a positive image initially, but have bad intensions within. The fact is, the services one sells cannot be touched, smelt, eaten, or easily understood by the clients. As a sector, search engines rely on...
Researches indicate a rise in sexual harassment cases in the corporate sector. The noticeable factor is that the harassment cases are not limited to an individual, but also spreading to the class section arena of the organizations. As a result, the Victims’ Economic Safety and Security Act VESSA were enforced...
In October 2001, Perdue Farms, Inc., a chicken processing company, paid $10 million to a group of its employees to settle a lawsuit. The suit was premised upon a simple, yet costly proposition: Perdue had failed to compensate its employees for the time that they spent putting on, taking off,...
During the past decade, banks and other financial institutions have increasingly included arbitration clauses in many of their agreements, including loan agreements, mortgages, retail installment sales agreements and lease agreements. Certainly, there are a number of reasons for this, including the perception that the arbitration forum is a more efficient...
The explosion in the number of employment actions filed in federal courts and in the size of the jury awards has been well publicized over the past several years. Beyond the dramatic statistics, the media have reported on the host of major corporations in virtually every industry. Many have sought...
This article explains synthetic analysis of the nature of class action and other large-scale litigation in the United States at the beginning of the new millennium, drawing on these and other data, and informed by the theoretical scholarship of colleagues in the legal academy. It also discusses varieties of large-scale...
For those businesses that have been relying on facsimile advertisements to sell property, goods or services, the Telephone Consumer Protection Act (“TCPA”) presents a costly potential liability. Article states that this TCPA prohibits the sending of an unsolicited advertisement to any business or individual’s telephone facsimile machine. 47 U.S.C. §...
Among the most serious challenges an automotive manufacturer can face is class action litigation. The class action procedure potentially aggregates hundreds or thousands of claims, turning what may be serious but routine issues individually into a case with potentially catastrophic exposure. As so-called “mass tort” class litigation has developed,...
The superiority requirement of Fed. R. Civ. P. 23 mandates that a b(3) class action be "superior to other available methods for the fair and efficient adjudication" of the particular controversy at issue. One factor a court should consider in its superiority analysis is the manageability of proceeding with a...
Risk managers, whose responsibility it is to safeguard the corporate defendant’s interest in insurance should be mindful of issues surrounding mass-tort litigation in general and class actions in particular. Such knowledge is important in determining whether insurance exists for underlying tort claims. It also enables the underlying case to be...
Attorney Advertising. Notice is hereby giventhat a class action has been commenced in the United States District Courtfor the Southern District of Ohio, on behalf of all persons who purchasedthe securities of Fifth Third Bancorp ("FITB" or the "Company") (NASDAQ: FITB) (NYSE: FTB-PA) (NYSE: FTB/PA) (NYSE: FTB-PC) (NYSE: FTB/PC) fromOctober...
Holzer Holzer & Fistel, LLC has filed a classaction lawsuit in the United States District Court for the Middle Districtof Tennessee on behalf of purchasers of Healthways, Inc. ("Healthways" orthe "Company") (NASDAQ: HWAY) common stock during the period betweenOctober 17, 2007 and February 26, 2008, inclusive (the "Class Period"), andthe...
Holzer Holzer & Fistel, LLC announces that ithas filed a class action lawsuit in the United States District Court forthe District of Massachusetts on behalf of purchasers of the FidelityUltra-Short Bond Fund (the "Fund") (NASDAQ: FUSFX) who purchased the Fundbetween June 6, 2005 and June 5, 2008 (the "Class Period")...
Attorney Advertising. Prior Results Do NotGuarantee a Similar Outcome. The law firm of Milberg LLP ("Milberg")announced today that it has filed a lawsuit in the United States DistrictCourt for the Central District of California against MRV Communications,Inc. ("MRV" or the "Company") (NASDAQ: MRVC) and certain of MRV's officersand directors...
NEW YORK -- Fitch Ratings has today placed two certificates from the Washington Mutual Master Trust and two notes from Washington Mutual Master Note Trust on Rating Watch Negative, as follows: -- Washington Mutual Master Trust, series 2004-C class E certificates rated 'BB-'; -- Washington Mutual...
