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  • Credit Crisis: Wachovia Taken Over by Citigroup
    Sep-29-08 New York, NY In yet another result of the credit crisis , the rumored sale of Wachovia to Citigroup has just come to pass only hours ago, further concentrating increased power and influence of the nation's banking industry into just 3 banks. Whether that proves a good, or a bad thing for America is yet to be determined. However, with about 30 percent of...
  • Market Crisis: All Eyes on AIG
    Sep-16-08 New York, NY The worst crisis to hit the financial markets since 9/11 could potentially spiral even deeper with the threat to American International Group Inc. (AIG), the insurance giant that was downgraded yesterday. All eyes are now on AIG , to see if Monday's shock that saw the bankruptcy of the 135-year-old Lehman Brothers Bank, and the sale of ve...
  • Some Amusement Park Accidents Have Little to Do with the Rides
    Oct-15-14 Upper Marlboro, MD In most cases an amusement park accident or incident involves a mechanical problem with a ride or other attraction through mechanical breakdown, poor maintenance procedures or operator error. Newer riders are increasingly sophisticated, and faster. However, a fact of amusement park life that is not often mentioned is park security...
  • Online Lender Settles with FTC for $3.85 Million
    May-8-19 Chicago, IL Avant LLC, the online lending phenomenon which had previously been hailed as a “breakout financial success story,” has agreed to settle a lawsuit brought by the Federal Trade Commission (FTC) for $3.85 million. Although the lawsuit largely relied on a different federal statute, it shares much of the consumer financial protectio...
  • Credit Card Fee Settlement Announced
    Nov-15-06 Manhattan, NY: Credit card companies are always finding new ways to hike their rates in order to make more money. One easy way for some credit card companies to make extra money was the foreign currency fee, until a lawsuit was filed challenging that fee. That class action lawsuit, filed against several major credit card companies for such excessive c...
  • Credit Union Lawsuit Cites Excessive Overdraft Fees
    Jun-20-18 Madison, WI: In March 2018, Matthew Domann filed a class action lawsuit against Summit Credit Union alleging that since 2010, SCU has wrongfully charged overdraft fees to checking account customers throughout Wisconsin. The credit union lawsuit details a practice of placing “holds” on pending debit card transactions and deposits to artificially d...
  • Equifax Breach Led to Real Life Problems says Class Action
    Oct-27-17 Atlanta, GA: Lead plaintiffs in a class action lawsuit filed in US District Court in Atlanta claim it was the Equifax breach between May and July 2017 that led to real life problems after their personal and private information was snatched from the credit reporting agency’s data bank and then allegedly used by criminals for illegal purposes. ...
  • Exploding Pressure Cooker Lawsuit Information and Legal News
    Recent consumer complaints about exploding pressure cookers have prompted multiple people who were injured while cooking with the steam-fueled pots to file federal pressure cooker lawsuits after suffering severe burns when the devices blew up while they were cooking. Pressure cookers are sealed pots that turn liquid into steam when heated, allowing foods...
  • BOK Financial $7.8 Million Class Action Settlement Headed For Final Approval
    May-11-17 Tulsa, OK: An upcoming approval hearing will determine whether BOK Financial (BOKF) will pay $7.8 million in a class action settlement with former bank customers who claim they were charged excessive overdraft fees . The hearing is scheduled for May 15, 2017 for final approval of an Oct. 2016 order granting preliminary approval of the $7.8 million set...
  • Wells Fargo Urges Judge to Refuse to Certify Hundreds of Employees in Class Action
    Mar-6-17 Los Angeles, CA: Wells Fargo on Monday urged a California federal judge to refuse to certify a class of more than 600 home consultants who claim in a California Labor lawsuit that the bank failed to pay them for missed meal breaks. In the class action Nicole Torres et al. v. Wells Fargo Bank NA, Case No. 5:15-cv-02225, US District Court for the C...
  • Force Placed Insurance is a Forced Relationship of the Worst Kind
    Oct-11-16 Los Angeles, CA: Anyone having trouble believing that their insurance company, or bank could collude in such woeful, self-interested activity as Lender insurance need only look to the alleged activities of State Farm, and Wells Fargo as an indication of behavior unbecoming to their clients, customers and American values. Last month, State Farm polic...
  • Wells Fargo Under Fire for Excessive Fees Again
    Sep-14-16 Washington, DC : It's bad enough when consumers have to pay excessive bank fees for transactions that have been reordered, or when they haven't authorized overdraft on their account. But now allegations have been raised that Wells Fargo not only created millions of unauthorized accounts, it also charged customers for those secret accounts. The Consumer...
  • Proposed New Rules a Boon for Consumers Facing Excessive Credit Union Fees
    Jul-13-16 Washington, DC: Of interest to anyone thinking of bringing a Credit Union Overdraft Fees lawsuit are potential changes to existing arbitration agreements that would allow for the possibility and potential of a class action. Back in May, the Consumer Financial Protection Bureau (CFPB) issued a proposal with regard to arbitration rules. All too often,...
  • Noodle Soup Maker Settles MSG Consumer Fraud Lawsuit for $1.5M
    Santa Clara, CA: A proposed $1.5 millions settlement has been reached in a consumer fraud class action lawsuit pending against CJ America Inc, the maker of Annie Chun' noodle and soup bowls and Ramen House products. The lawsuit, filed by lead plaintiff Dennis Petersen, claims that the company lied to customers about the amount of flavor-enhancing m...
  • Ron Simon: the Texas Peanut Butter Lawyer
    Feb-14-09 Houston, TX Texas attorney Ron Simon finds himself, yet again, knee deep in a barrel full of peanut butter salmonella litigation cases. Although the current outbreak involving the Peanut Butter Corporation of America is grabbing the headlines now, there have been problems in the past with salmonella tainted peanut butter products. Over the last several y...
  • Attorney Bill Marler on Tainted Peanut Butter Outbreak
    Feb-5-09 Seattle, WA Attorney Bill Marler is on the phone—he's arranging for two families with children affected by the salmonella tainted peanut butter outbreak to appear before a Congressional hearing later this year in Washington D.C. "Call me back in 5 minutes, I'm on another line," says Marler. An attorney with 15 years experience fighting for people injur...
  • Confidence Will Help Turn Mutual Funds Around
    Dec-30-08 Washington, DC A few years ago former CBS News anchor Dan Rather ended his final newscast with a thought that centered on the word 'courage.' We certainly need that today, with mutual fund losses stacking into the billions. Americans are justifiably concerned over the status of their mutual funds as it relates to their retirement, and the potential for m...
  • Mother's Act Promotes Pregnancy as New Cottage Industry
    Dec-5-08 Women of childbearing years represent the most lucrative market for the makers of psychiatric drugs. The knowledge that infants were being born with birth defects and suffering a withdrawal syndrome when these drugs were used during pregnancy was hidden for decades. Knowledge of these terrible risks would have caused a major drop in sales to this customer b...
  • Fresenius y DaVita Dialysis Demandas
    Granuflo y Naturalyte demandas han sido presentadas en contra de Fresenius Medical Care North America, fabricante y distribuidor de productos de diálisis Granuflo y Naturalyte y DaVita Healthcare Partners , basada en sus acciones, es decir, errores de dosificación álcali llevaron a las muertes injustas de los pacientes en diálisis. Tanto Fresenius y Davi...
  • Los Angeles Credit Union Sued Over Lack of Consent, Overdraft Fees
    Sep-30-15 Los Angeles, CA A troubling series of events have combined to foster an excessive bank overdraft fees lawsuit filed by a California woman who alleges her credit union not only got it wrong when it came to issuing what should have been standard forms, but also assessed overdraft fees based on improper amounts. Mary Gray is the lead plaintiff in what...
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