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  • MF Global Reaches Preliminary Agreement on Shareholder Lawsuit
    New York, NY: MF Global Holdings Ltd, a broker-dealer providing trading and hedging solutions, announced it has reached a preliminary agreement among principals to settle class action litigation brought on behalf of purchasers of MF Global stock between July 2007 and February 2008. MF Global will contribute $2.5 million to the overall settlement of $...
  • Buzzards Bay Oil Spill Class Action Reaches Preliminary Settlement
    Boston, MA: Preliminary approval of a settlement has been reached in the first environmental class action to be certified in Massachusetts. The suit was brought against Bouchard Transportation Company by more than 1000 homeowners in Mattapoisett whose properties were affected when Bouchad barge B-120 spilled 98,000 gallons of oil into Buzzards Bay, c...
  • Borders WARN Act Class Action Reaches Tenative $240K Settlement
    Ann Arbor, MI: Borders Group Inc has agreed to settle an employment class action lawsuit brought by 198 former employees over alleged violations of the Worker Adjustment Retraining and Notification (WARN) Act. The Ann Arbor-based bookseller is in the last stages of liquidation, but has agreed to pay $240,000 as settlement to the former emplo...
  • Settlement Reached in Complete Moisture Plus Contact Lens Solution Class Action
    Orange County, CA: California consumers who purchased the recalled Complete®MoisturePlusTM contact lens solution have agreed to settle a Court-certified class action consumer fraud lawsuit against Advanced Medical Optics (now known as Abbott Medical Optics, "AMO") concerning its sale of the solution. The settlement is subject to court approval. ...
  • Kentucky Employment Lawsuit
    Kentucky employees who find themselves being treated unfairly may be eligible to file a Kentucky employment lawsuit against their employers. Among issues that may be the focus of a Kentucky employee lawsuit are failure to pay minimum wage or overtime, discrimination or wrongful termination. Kentucky Wage and Hour Laws Kentucky min...
  • Vatterott College to Pay $13M Settlement in Student Fraud Lawsuit
    Kansas City, MO: A $13 million settlement has been awarded by a jury hearing a consumer fraud lawsuit against Vatterott College. Jennifer Kerr, a 42-year old single mother, sued the college alleging its enrollment procedures caused her to spend thousands of dollars and extra time earning a certificate that proved to be useless in the job market. S...
  • Family Dollar Reaches Preliminary $14M Unpaid Overtime Class Action Settlement
    Mathews, NC: A preliminary settlement has been reached in the unpaid overtime class action pending against the retailer Family Dollar. The lawsuit is brought by over 1,700 New York store managers who allege they are owed overtime wages. The settlement has yet to be finalized and approved in court, but the existing agreement involves the discount r...
  • Wal-Mart To Settle Netflix DVD Antitrust Lawsuit
    New York, NY: A potential settlement agreement looks possible in an antitrust class action lawsuit brought by current and former Netflix customers against Wal-Mart and Netflix. Emails were recently sent out announcing that Wal-Mart wants to settle. Netflix has decided to continue its fight. The lawsuit, filed in 2009, alleges "This antitrust cla...
  • Stone Energy Corporation Agrees Preliminary $10,500,000 settlement
    Lafayette, LA: A $10,500,000 settlement has been proposed in the securities class action pending against Stone Energy Corp. A hearing will be held on March 23, 2010 to determine whether: (1) the proposed Settlement should be approved by the Court as fair, reasonable and adequate; (2) the Plan of Allocation should be approved; (3) Co-Lead Counsel's applicat...
  • Publishers Reach Settlement Agreement over eBook Pricing Lawsuit
    Los Angeles, CA: A $69 million settlement has been reached in a lawsuit brought by US states and territories against Hachette, HarperCollins and Simon & Schuster over ebook pricing. According to Publishers Weekly, if the agreement receives court approval, Hachette will pay $31,711,425, HarperCollins will pay $19,575,246, and Simon & Schuster will pa...
  • Widow Obtains Substantial Settlement in Asbestos Cancer-Death Lawsuit
    New York, NY: A sizable settlement has been paid to the widow of a Montvale, N.J., man who died from peritoneal mesothelioma cancer. The settlement, negotiated on behalf of the widow, Robin Veraldo, was obtained midway through trial. The amount of the settlement was not disclosed, but the New York-based law firm described it as "substantial." ...
  • Citigroup Agrees $590M Securities Lawsuit Settlement
    New York, NY: Citigroup has agreed a securities class action settlement involving a $590 million payout to shareholders who alleged they had been misled about the bank's exposure to subprime mortgage debt before the financial crisis. Filed in November 2007, the lawsuit contends that Citigroup together with some of its former senior executives and d...
  • Sutherland Settles Unpaid Overtime Lawsuit for $4M
    Rochester, NY: A $4 million settlement has been reached in an unpaid overtime class action against Sutherland Global Servies Ltd. The suit, brought by call center telemarketers in 2005, alleged that Sutherland didn't pay its call center employees the overtime owed. The lawsuit was originally brought by two Rochester employees of the Perinto...
  • Preliminary $8 Million Settlement Reached in Clorox Class Action
    Washington, DC: A preliminary settlement has been reached in the class action against Clorox Automatic Toilet Bowl Cleaner (CATBC). If approved in court, the settlement would provide compensation for anyone who "purchased, used, or suffered any property damage from use of CATBC" during the class action period of December 13 2002 and September 15, 20...
  • $38 Million Settlement Reached in Huron Securities Class Action
    Chicago, IL: Huron Consulting Group Inc. (NASDAQ: HURN), a provider of business consulting services, today announced that it has entered into an agreement in principle with the lead plaintiffs in the pending securities class action lawsuit related to the restatement of its financial statements in 2009. The agreement in principle provides that the set...
  • J.P. Morgan Gets Preliminary Approval for Settlement
    A judge has given preliminary approval to a settlement of a class action lawsuit filed against J.P. Morgan Chase & Company. The lawsuit alleged J.P. Morgan violated the terms of credit card contracts by raising the minimum monthly payments. According to the lawsuit, as cited by The Wall Street Journal (08/10/12), customers were offered a fixed-rate, long-t...
  • Comverse Shareholder Settlement Agreed at $225 Million
    New York, NY: A settlement totalling $225 million has been reached in the class action lawsuit brought against Comverse Technologies on allegations of stock option backdating. Under the terms of the settlement, the former CEO Jacob "Kobi" Alexander, who absconded to Namibia in 2006 to avoid federal charges of fraud, will pay roughly $60 million toward...
  • Skilled Healthcare Nursing Homes Class Action Settled for $62.8 Million
    Los Angeles,CA: A $62.8 million settlement has been approved by the Humboldt Superior Court in the class action lawsuit against Skilled Healthcare Nursing Homes. The suit alleged that the company filed to provide sufficient staffing levels for its patients at all 22 of its facilities. Up to $26 million of the settlement is expected to go to indivi...
  • Employees Reach $7M Settlement over Withheld Tips
    Boston, MA: A $7 million settlement has been reached by current and past employees of the Cranwell Resort, Spa, & Golf Club in Lenox, ending an employee class-action lawsuit that alleged the resort's management illegally withheld the workers tips. If the settlement receives final court approval, approximately 700 food, beverage, and spa employe...
  • Sierra Pacific Industries to Pay $122.5 M Settlement in Environmental Lawsuit
    Sacramento, CA: A $122.5 million settlement has been reached in an environmental lawsuit brought against Sierra Pacific Industries by the United States Department of Justice. The lawsuit was filed over a 2007 wildfire that was among the most devastating in California history, according to the Department of Justice. The fire, known as the Moonl...
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