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  • GlaxoSmithKline to Pay $3 Billion to Settle Paxil, Avandia Investigations
    Nov-26-11 Washington, DC GlaxoSmithKline, maker of Paxil and Avandia is reportedly set to pay approximately $3 billion to settle investigations into the company's marketing of certain drugs. Among allegations are that the company marketed drugs for unapproved uses and hid the risk of Paxil side effects. GlaxoSmithKline has faced many lawsuits in recent years reg...
  • Oracle to Pay $35 Million in Workers Compensation Settlements
    Nov-25-11 San Francisco, CA Oracle Corp. has agreed to pay $35 million in workers compensation settlements to more than 1,700 Bay Area employees who alleged that they were wrongfully denied overtime pay, the San Francisco Chronicle reported. According to the newspaper, Alameda County Superior Court Judge Steven Brick gave preliminary approval to a settlemen...
  • BoFA Settles with CountryWide Investors
    New York, NY: Bank of America has reached a settlement with former Countrywide Financial Corp institutional investors who decided not to join a $624 million class-action case that won court approval in February. The terms of the accord were not disclosed and Countrywide's former auditor KPMG was not part of the pact, according to the filing. ...
  • Plavix Lawsuit - Plavix Bleeding, Plavix Stomach Bleeding, Plavix Side Effects
    Patients who take Plavix to ward off heart attack or stroke may find that the risk of Plavix side effects is greater than the potential benefit. Studies suggest a link between Plavix and bleeding and a risk of Plavix interactions with other medications. Patients who have been harmed by use of Plavix may be eligible to file a Plavix lawsuit against t...
  • ERISA Plan Lawsuit Settled for $6.5 Million
    Nov-18-11 Kansas City, MO An ERISA plan lawsuit has recently been settled for approximately $6.5 million. The lawsuit alleged a company mismanaged its employee savings plan, a violation of ERSIA plan laws. Employees who feel their employers have mismanaged employee stock options plans or savings plans may be eligible to file an ERISA lawsuit against their employ...
  • 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...
  • Oracle Unpaid Overtime Lawsuit Settled for $35M
    Los Angeles, CA: An unpaid overtime class action lawsuit brought against Oracle has reached preliminary settlement with the superior court in Alameda County, California last week granting preliminary approval to a $35 million agreement. A final hearing is set for March and will allow any workers to raise objections or go after individual claims against...
  • 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." ...
  • Wells Fargo Agrees $37M to Settle Bid-Rigging Lawsuits
    New York, NY: Class action lawsuits filed by various municipalities against Wells Fargo look set to end, as Wells Fargo & Co has agreed to settle the suits, but they are pending court approval. The lawsuits alleged bid-rigging by Wachovia's municipal derivatives group, according to a report on Reuters.com. Wells Fargo, which acquired Wach...
  • Settlement Proposed in Novedex XT Securities Lawsuit
    Los Angeles, CA: A notice program authorized by the United States District Court for the Central District of California began on November 1, 2011 to alert those who purchased Novedex XT from November 2, 2006 through October 3, 2011 ("Class Period") about a proposed settlement with Gaspari Nutrition, Inc. ("Gaspari"). The notice is a result of the Court cer...
  • Back and Neck Injury: Win, Loss and "Wild Card"
    Nov-4-11 St Louis, MO According to a recent personal injury verdict (October 2011), chances are slim you'll receive a substantial back and neck injury settlement if the defense proves you already had existing back and neck problems. A St. Louis family, however, recently settled for more than $1 million after they suffered back and neck injuries in a tractor-tra...
  • GSK To Pay $3 Billion to Settle Avandia Claims
    Nov-3-11 Washington, DC A $3 billion settlement has been reached between GlaxoSmithKline, the maker of the controversial diabetes medication Avandia, and federal authorities, ending investigations into whether or not the company marketed drugs for unapproved uses, among other charges. According to media reports, the GSK settlement tops the $2.3 million paid...
  • Unum Demands That Policy Holder Apply for Social Security Benefits
    Oct-26-11 Kansas City, MO According to at least two Unum policy holders, it would appear that the largest disability insurance provider in the US is telling its policy holders to apply for social security benefits and then cuts them off, despite the class-action lawsuit that claimed Unum schemed to deny or terminate claims of thousands of disabled Americans. ...
  • Another Bank Overdraft Fees Lawsuit Filed
    Oct-25-11 Salt Lake City, UT Customers upset over excessive bank overdraft fees have filed another lawsuit, this one against Zions Bank, alleging excessive bank fees. According to reports, bank customers claim the bank overdraft fees policy forced customers into overdraft more quickly than they should have, resulting in high profits from overdraft fees. The l...
  • Occupy Wall Street Battleground Isn't a Park - It's a Courtroom
    Oct-24-11 New York, NY As the massive Occupy Wall Street movement continues to spread across the globe, many protestors, when questioned, come up short on specifics as to the actual source of their angst. A certain lawsuit? A specific case? A basket of Securities Class Action Lawsuits ? Well, yes. And no. And not really. In truth, many are simply drawn into a mov...
  • 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...
  • Citigroup Agrees $285M Settlement of SEC Charges of Mortgage-Backed Securities Fraud
    Washington, DC: Judge Jed Rakoff of New York's Southern District, has rejected a proposed $285M settlement offered by Citigroup to end an civil complaint brought by the Securities & Exchange Commission (SEC) over allegations that they defrauded investors through highly risky mortgage-backed investments. The specific transaction referred by the SEC inv...
  • Target Settles Employee Discrimination Suit for $160K
    San Francisco, CA: A $160K settlement has been awarded to a former employee of retail giant Target, ending his discrimination lawsuit against the company. Jeremy Schott, who filed the suit, took medical leave in 2004 due to his experiencing a seizure. He was 29 years old at the time. In his suit, he alleged that when he returned to work his weekly...
  • Accutane Lawsuits Gaining Ground
    Oct-20-11 Newark, NJ There are literally thousands and thousands of Accutane lawsuits awaiting trial, with over 6,000 lawsuits consolidated into a mass tort action in a New Jersey state court. The New Jersey lawsuits were filed irrespective of whether the defendant is Hoffman-LaRoche, the manufacturer of Accutane, or makers of generic versions of the anti-acn...
  • Lisinopril Also Linked to Kidney Damage?
    Oct-19-11 Eau Claire, WI Although Joanne knows that Lisinopril has been linked to liver damage, she can't help but wonder if this ACE inhibitor, which is used to control high blood pressure, could also be associated with kidney problems. Joanne, 64, has been taking Lisinopril since 2003, and it did keep her high blood pressure in check. But in 2009, she devel...
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