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Legal ethics issues affecting funding of class actions, how funding affects ability to bring class actions and implications for settlement values
By B. Colby Hamilton | June 27, 2017
Attorney fees are too high in the $1.34 billion final distribution agreement with Tremont Group Holdings Inc., Bernie Madoff's second-largest feeder fund that lost billions in the Ponzi scheme collapse, the U.S. Court of Appeals for the Second Circuit said.
1 minute read
By Amanda Bronstad | June 27, 2017
On Friday, Uber Technologies Inc. plans to convince a Los Angeles judge to approve a proposed $7.75 million settlement that would resolve all claims brought over the alleged misclassification of its drivers under California's Private Attorneys General Act of 2004.
1 minute read
By Scott Flaherty | June 27, 2017
The firm refuted claims that it breached a lawyer's employment contract, and instead accused the lawyer of misleading the firm about his ability to find plaintiffs for a potential class action over the 2011 Fukushima Daiichi nuclear power plant meltdown in Japan.
1 minute read
By Miriam Rozen | June 27, 2017
The fire that killed 79 people in London's Grenfell Tower was a U.K. tragedy, but it's also getting the attention of the securities plaintiffs bar in the United States. That could spell legal trouble for Arconic, the New York-based company that made the exterior paneling being blamed for the fire's ferocity—and potentially for its directors and officers.
1 minute read
By Ben Hancock | June 27, 2017
The court on Tuesday agreed to take up a case that could determine whether securities fraud class actions can move forward in state courts.
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By B. Colby Hamilton | June 27, 2017
Defendants in the long-running Goldman Sachs gender bias suit are asking the U.S. Court of Appeals for the Second Circuit to clarify conflicting rulings in the Southern District, which would effectively nullify the plaintiffs' claims.
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By Ross Todd | June 27, 2017
Facebook reached a $3.8 million deal to settle a privacy class action earlier this year, all of which goes to attorneys for the plaintiffs.
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By AMANDA BRONSTAD | June 27, 2017
Monday's U.S. Supreme Court decision in a closely watched securities case was the first class action in which newly appointed Justice Neil Gorsuch participated, and he didn't disappoint. Gorsuch joined the majority in the U.S. Supreme Court's 5-4 decision in "California Public Employees' Retirement System v. ANZ Securities," in which the court ruled that the time period after which a defendant could no longer be sued by shareholders was a statute of repose that couldn't be tolled.
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By Tony Mauro | June 26, 2017
In a 5-4 ruling delivered at its final sitting, the court strictly interpreted deadlines for opting out of ongoing securities litigation.
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By Tony Mauro | June 26, 2017
The U.S. Supreme Court put another hurdle in the path of class action plaintiffs Monday with a 5-4 ruling that strictly interpreted deadlines for opting out of ongoing securities litigation.
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