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Barrack Wins Investors' Class Action
Barrack Rodos & Bacine has won what is believed to be the largest plaintiff verdict in a securities class action case since the Private Securities Litigation Reform Act was passed in 1995.Greenberg, Quarles accused of aiding Ponzi
Law firms Greenberg Traurig and Quarles & Brady are accused of aiding and abetting a real estate Ponzi scheme that cost 2,000 investors more than $900 million.Ponzi Investor Suit Targets Greenberg Traurig, Quarles & Brady
The firms were named as defendants in an investor class action filed in federal district court in Arizona.Class action OK'd in alleged Ponzi scheme
In the morass of litigation generated by the subprime crisis, few suits have targeted law firms over their roles advising companies that fueled the mortgage bubble.But a big exception-an investor class action against Greenberg Traurig and Quarles Brady-is barreling along in Phoenix federal district court.Race-based pricing carries huge cost
After four years of busy litigation, several major insurance companies have paid out hundreds of millions of dollars to settle civil lawsuits and regulatory actions for allegedly charging African-Americans higher premiums than whites.Ponzi Investor Suit Targets Greenberg Traurig, Quarles & Brady
On Tuesday, Greenberg Traurig and Quarles & Brady were named as defendants in an investor class action filed in federal district court in Arizona for allegedly aiding and abetting a Ponzi scheme run by a real estate loan company called Mortgages Ltd. and a financing company called Radical Bunny. In an attempt to bypass Stoneridge, the defendants are accused of violating Arizona state securities laws. The case was brought on behalf of 2,000 investors who claim to have lost more than $900 million.
Armed with Dukes Ruling, Reed Smith Slays Class in Discrimination Case Against Wells Fargo
The U.S. Supreme Court's June ruling in Wal-Mart Stores Inc. v. Dukes might not have turned out to be the class action silver bullet that some had anticipated, but that's little consolation to class action plaintiffs lawyers who brought claims against Wells Fargo over allegedly discriminatory subprime lending. On Tuesday San Francisco federal district court judge Maxine Chesney rejected the plaintiffs' motion for class certification, ruling that the proposed class of more than 1 million black and Hispanic homeowners didn't survive the certification standard for commonality set out by the Supreme Court.
Drivers, insurers colliding in rate suits
The auto insurance industry is skidding through a pileup of lawsuits over how it prices insurance rates. Insurance companies are being sued and scrutinized for using factors including education, occupation, credit scores and lack of prior coverage to set prices � criteria that plaintiffs allege unfairly lead to higher premiums and discriminate against minorities and the poor.TRENDING STORIES
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