Class Actions Blog

Yahoo agrees to $80 million settlement of securities class action arising out of data breach

Posted on: March 15th, 2018 by Steve Larson

The parties to a class action against Yahoo arising out of a data breach involving the personal information of 1.5 billion users announced a settlement of the claims of investors that the risks were not disclosed. The investors alleged that the company intentionally misled them about its cybersecurity practices in the wake of massive hacks. Read more…

Class action filed on behalf of babies born with opioid addiction

Posted on: March 14th, 2018 by Steve Larson

On February 26, 2018, a class action lawsuit was filed in Louisiana against several pharmaceutical manufacturers and distributors on behalf of babies born in Louisiana with opioid addictions.

The suit seeks money to cover long-term treatment for the plaintiff and other infants who are born suffering opioid withdrawals. Read more…

Securities fraud class action against Facebook settled for $35 million

Posted on: March 9th, 2018 by Steve Larson

A settlement of a class action against Facebook was preliminarily approved on February 26, 2018. The deal was reached to a securities fraud suit that had been certified as a class action. The suit alleged the tech giant hid key financial forecast information from investors leading up to its initial public offering in May 2012, causing its stock to languish in its first year.

Read more…

SEC considering allowing class action bans in IPO’s

Posted on: March 8th, 2018 by Steve Larson

According to an article in the publication called The Hill, President Trump’s appointee to the SEC suggested that the SEC may consider removing a ban that has been in place for years that has prohibited securities issuers from putting class action bans in their disclosures relating to IPO’s. This would no doubt lead to widespread securities fraud.

Here is a link to the article.

Calsonic settles auto parts price fixing class action claims

Posted on: March 7th, 2018 by Steve Larson

A proposed class of consumers that purchased automobiles have reached an $11 million settlement of their claims with Japanese auto parts maker Calsonic Kansei Corp. The complaint alleged that Calsonic was part of a conspiracy to fix prices for vehicle air conditioning systems.

Read more…

Another settlement in auto parts price fixing multidistrict litigation

Posted on: February 20th, 2018 by Steve Larson

Continental Automotive Electronics LLC has agreed to pay nearly $4 million to car buyers to settle antitrust claims related to multidistrict litigation over an alleged auto parts price-fixing scheme. The settlement relates to instrument panel clusters that the company sold for use in cars sold in the U.S.

Read more…

Legal Disclaimer

The information contained in this blog does not constitute legal advice, and does not create an attorney-client relationship. We make no claims, promises or guarantees about the accuracy, completeness, or adequacy of the information contained in or linked to this blog.

About Class Actions:

About this blog

This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.

About the author

  • Steve Larson

  • Steve Larson
  • Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
Follow stollberne on Twitter

Subscribe to this blog