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  • Colorado Town Faces Lawsuits Over Fracking Ban
    Dec-8-12 Longmont, CO While the ongoing debate over hydraulic fracturing water contamination continues, one municipality in Colorado has taken the bull by the horns in banning fracking outright. That decision this past November by the voters of Longmont, which is located near Boulder, is popular with residents and equally unpopular with oil and gas companies, a...
  • $161.7M Settlement Reached with Six Banks in Veterans Home Refinancing Class Action Lawsuit
    Atlanta, GA: A settlement has been reached in a whistleblower class action lawsuit brought against six large banks who are accused of charging military veterans with hidden fees on home refinancing loans. The out-of-court settlement, reached November 19 in federal court, allows for a fund of $161.7 million to be paid by the six banks to the class...
  • Securities Lawsuit Filed Against Wells Fargo
    Nov-18-12 Columbus, NB A securities lawsuit has been filed against Wells Fargo, alleging the company misled managers of Nebraska Public Power District's (NPPD) retirement plan about the risks associated with an investment. The securities fraud lawsuit alleges Wells Fargo engaged in fraud, misleading statements and other deceptive practices when marketing its inv...
  • Reverse Mortgage Lawsuit
    Some reverse mortgage lenders are accused of using deceptive and aggressive tactics to lure senior homeowners into taking out a reverse mortgage . Among the complaints about information on reverse mortgages seniors say they are given are allegations that seniors were not informed of the risks associated with reverse mortgages and were told there was no ri...
  • “Fracking Contaminated My Well Water”
    Oct-18-12 Johnstown, PA When John Slesinger’s tap water was too salty to drink he started asking the neighbors if they too had problems. Like many people who rely on well water, John was not aware that hydraulic fracking had contaminated his groundwater. “It took me a long time to discover that this gas well existed,” says John. “It got s...
  • LawyersandSettlements.com Reports 70 Percent Spike in Mortgage Claims
    Oct-13-12 Santa Cruz, CA (Press Release) While the aftermath of the sub-prime mortgage crisis has seen a number of large U.S. banks defending themselves against charges of misconduct, new data reported by LawyersandSettlements.com indicates consumers are still being impacted by the crisis. Mortgage-related complaints submitted to the legal news website have continue...
  • Fracking and Legal Recourse: Attorney Weighs In
    Sep-25-12 Bradford County, PA Depending upon how you look at it, fracking may be good news--if it doesn’t affect you personally. It helps with the global climate because burning gas emits less carbon dioxide into the atmosphere than burning coal. And by supplying 30 percent of America’s natural gas, it’s arguably better for national security. B...
  • Citigroup Securities Lawsuit Settled
    Sep-22-12 New York, NY Citigroup has reportedly settled a securities lawsuit filed on behalf of shareholders who accused the financial firm of misleading shareholders about the firm's financial status, specifically as it related to subprime mortgage debt. Meanwhile, the Securities and Exchange Commission faces a lawsuit alleging it knew about securities fraud on...
  • Famous Musician Weighs In On Hydraulic Fracking
    Sep-6-12 New York, NY While the merits and risks of hydraulic fracturing water contamination have been debated for years by proponents from both sides of the contentious issue, a new voice has entered the fray: Sean Lennon, the musician son of Yoko Ono and the late John Lennon. Writing in an op-ed (opinion / editorial) piece in the New York Times last month, L...
  • Verdict in Drilling Mud Trial Vacated, But Plaintiff Still Needs Oxygen 24/7
    Aug-27-12 Jackson, MS His drilling mud lawsuit victory may have been overturned on a technicality. However, there is little doubt that plaintiff Troy Lofton has been adversely affected by asbestos drilling mud in some way: during testimony at his trial, the former oil and gas rig worker required constant use of an oxygen bottle, with life-giving oxygen fed throu...
  • Asbestosis and Asbestos Drilling Mud Lawsuits Differ by State, says Attorney
    Aug-22-12 Dallas, TX It’s hard to imagine that asbestosis lawsuits are on the rise, but huge corporations used asbestos up until 1989. “Many people are getting sick (or will get sick) with asbestosis and other health issues, particularly in the drilling mud industry,” says asbestos attorney Allen Vaught. “And we will continue to see...
  • Hydraulic Fracking Plaintiffs Reportedly Agree to Settle
    Aug-22-12 Dimock, PA Residents of Dimock, a tiny community in northeastern Pennsylvania whose residents sued Cabot Oil & Gas Corporation over alleged hydraulic fracturing water contamination , have reportedly agreed to a settlement. Names on the proposed settlement document were redacted and the terms, and amounts of the proposed payouts have not been disclos...
  • Kosmos Energy Ltd. KOS Securities Fraud
    Company: Kosmos Energy Ltd. Ticker Symbol: KOS Class Period: May-12-11 to Nov-10-11 Date Filed: Jul-17-12 Lead Plaintiff Deadline: Sep-15-12 Court: Northern District of Texas Allegations: San Diego, CA: A securities class action has been commenced in the United St...
  • Did Actions of Highly-Paid CEO Hurt Investors Under ERISA?
    Jun-11-12 San Diego, CA An ERISA lawsuit that alleges potential losses in an employee stock plan and potential breaches of fiduciary duty hopes to determine if the chief executive officer and directors of a major energy corporation—who enjoyed record compensation in 2008—could be guilty of wrongdoing. It was back in April that Reuters first report...
  • Chesapeake Energy Corp CHK Securities Fraud
    Company: Chesapeake Energy Corp Ticker Symbol: CHK Class Period: Apr-30-09 to May-10-13 Date Filed: Jun-6-12 Lead Plaintiff Deadline: Aug-5-12 Court: --- Allegations: New York, NY: A securities class action lawsuit asserting claims under the Securities Exchange Act of 1934 has been fil...
  • $7M Settlement In Exxon Mobil Environmental Class Action Lawsuit Receives Final Approval
    Providence, RI: Providence Superior Court Judge Judith Savage has approved a $7 million settlement of an environmental class action lawsuit brought by the citizens of the Town of Pascoag, Rhode Island and the Rhode Island Water District against Exxon Mobil Corporation as a result of the contamination of their well water supply by MTBE in 2001. Accordin...
  • Force-Placed Insurance Lawsuits on the Rise
    Insurance companies, banks and other financial firms face force-placed insurance lawsuits alleging their force-placed insurance is offered at outrageous rates because of the relationship between banks and insurance companies. Allegations have been made that force-placed home insurance is much more costly than traditional home insurance and could be a c...
  • Force-Place Insurance FAQ
    What is force-placed insurance? Force-placed insurance , also known as lendor-placed insurance, is insurance that has been placed by a lender, bank or mortgage servicer when the homeowner’s insurance is canceled, has lapsed or is not deemed sufficient (such as if the homeowner requires additional flood coverage but does not have that coverage on hi...
  • Hyperdynamics Corporation HDY Securities Fraud
    Company: Hyperdynamics Corporation Ticker Symbol: HDY Class Period: Feb-17-11 to Feb-15-12 Date Filed: Apr-5-12 Lead Plaintiff Deadline: Jun-4-12 Court: Southern District of Texas Allegations: San Diego, CA: A securities class action has been commenced in the United States District Cour...
  • Weatherford International, Ltd WFT Securities Fraud
    Company: Weatherford International, Ltd Ticker Symbol: WFT Class Period: Mar-2-11 to Feb-21-12 Date Filed: Mar-23-12 Lead Plaintiff Deadline: May-22-12 Court: Southern District of New York Allegations: New York, NY: A securities class action lawsuit has been filed in the United States...
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