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Court Approves MetLife Settlement Of Policyholders' Discrimination Suit
Judge decertifies class of black mortgage borrowers in light of 'Wal-Mart'
A Boston federal judge has decertified a class of African-American mortgage borrowers, finding that evidence of their statistically higher payments isn't enough to establish commonality in light of the Supreme Court's ruling in Wal-Mart v. Dukes.Amgen a Victory for the Investing Public
In an important vindication of shareholder rights, the U.S. Supreme Court in February's Amgen v. Connecticut Retirement Plans and Trust Funds, on a 6-3 vote, held that securities fraud plaintiffs have no obligation to prove that defendant's misrepresentations and omissions were material at the class certification stage.Cite as 10 C.D.O.S. 4420PATRICK O. OJO, Attorney, on behalf of himself and all others similarly situated, Plaintiff-Appellant, v.p
MetLife Settlement of Policyholders' Bias Suit Approved
A federal judge in New York has approved the settlement of a class action that charged Metropolitan Life Insurance with systematic discrimination against black and other non-white policyholders. The deal calls for MetLife to pay no less than $52 million and no more than $90 million. The case was unusual in that it included claims that MetLife sold substandard policies to non-whites, in some cases over a century ago.Class of black mortgage borrowers decertified
A Boston federal judge has decertified a class of African-American mortgage borrowers, finding that evidence of their statistically higher payments isn't enough to establish commonality in light of the Supreme Court's ruling in Wal-Mart v. Dukes.Insurers Get Bill for Race-Based Pricing
After four years of litigation, major insurance companies are settling suits and regulatory actions for allegedly charging African-Americans higher premiums than whites. So far, the tailspin has cost the industry $497 million in settlements to owners of 6.9 million policies. Plaintiffs lawyers say the civil litigation started when attorneys from five firms began discussing what they saw as a history of overt discrimination, in some instances stretching back to policies written in 1900.Corporate Transparency Act Resource Kit
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