Class Actions Blog

Deutsche Bank will pay $2.5 billion to end Libor investigation

Posted on: April 23rd, 2015 by Steve Larson

LiborUS and British authorities have agreed to settle with Deutsche Bank for $2.5 billion and a guilty plea, with the bank admitting to wrong doing that led to the manipulation of the London interbank interest rate (Libor), used as the primary benchmark for short-term interest rates worldwide.

Class counsel for financial institutions says Target’s settlement with MasterCard is improper

Posted on: April 22nd, 2015 by Steve Larson

targetLast week Target reached a $19 million settlement with MasterCard to reimburse card issuing banks for costs associated with the big box retailer’s 2013 data breach that affected over 100 million shoppers. Charles Zimmerman, counsel for Umpqua Bank and other financial institutions (the proposed “FI Class”), has criticized the settlement as “a quick, early, cheap-money” attempt to find relief from the class action claims outside the MDL, which is pending in the Minnesota District Court. He says he intends to ask Judge Magnuson to block the settlement. Read more…

Jury awards $491 million in damages for fraud by prepaid funeral company

Posted on: March 16th, 2015 by Keith Dubanevich

A federal court jury in St. Louis recently awarded $491 million in damages in a lawsuit sparked by the collapse of a Missouri-based company, National Prearranged Services Inc., that sold prepaid funerals.  NPS promised customers across the country that money from prearranged funeral contracts would be held in trust.  Claims were supposed to be funded by life insurance policies payable to the trust but federal authorities found that company officers and others spent some of the money on lavish lifestyles instead. Read more…

Consumer Finance Protection Bureau issues report on mandatory arbitration and class action waivers

Posted on: March 11th, 2015 by N. Robert Stoll

CFPB arbitration reportYesterday, following three years of intense research, empirical studies, and analysis, following dozens of submissions by a wide range of stakeholders including thousands of pages, the Consumer Finance Protection Bureau issued its Final Report, mandated by Congress in the Dodd-Frank Act, as to the effects of mandatory arbitration/class action waivers. From the CFPB press release: Read more…

Important and immediate change to Oregon class action law

Posted on: March 5th, 2015 by Scott Shorr

Oregon LegislatureOn March 4, 2015, Oregon significantly changed its class action law, Oregon Rule of Civil Procedure (“ORCP”) 32.   The legislature passed and the Governor signed House Bill 2700.  The bill changes Oregon class action procedure and requires that leftover or residual funds from class actions be paid 50% to an Oregon legal aid fund and 50% to another entity that relates to the subject of the class action or benefits class members.    Read more…

PGA caddies file class action over forced promotion

Posted on: February 17th, 2015 by Steve Larson

PGACaddies for PGA golfers have filed a class action lawsuit against the PGA Tour, contending they were forced to wear bibs featuring corporate logos and other advertisements that generate millions of dollars for the tour without giving the caddies any compensation.  The lawsuit, filed in U.S. federal court in California, says the PGA Tour threatened to prevent the caddies from working at tournaments organized and promoted by the organization if they refused to wear the bibs. Read more…

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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.

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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 authors

  • 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.
  • Keith Dubanevich

  • Steve Larson
  • Keith Dubanevich has extensive experience handling antitrust, consumer and securities cases. Until joining the Portland, Oregon law firm Stoll Berne as a shareholder, he was the Associate Attorney General and Chief of Staff at the Oregon Department of Justice.
  • Robert Stoll

  • Steve Larson
  • Robert Stoll, the founder of Stoll Berne, is retired from the practice of law and serves a member of the Advisory Board to the Consumer Financial Protection Bureau.
  • Scott Shorr

  • Steve Larson
  • Scott Shorr, one of the firm's managing shareholders, is a trial and appellate attorney who handles a variety of complex business, securities and consumer class action litigation. Scott was the arguing counsel before the United States Supreme Court in GEICO General Ins. Co. v. Edo and Safeco Ins. Co. of America v. Burr. Scott practices in state and federal trial court, all appellate courts and before the Financial Industry Regulatory Authority (FINRA (formerly the NASD)).
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