Class Actions Blog

Archive for the ‘Breaking News’ Category

Ashley Madison settles data breach class action for $11.2 million

Posted on: July 18th, 2017 by Steve Larson

Ruby Life, Inc., the parent company of online dating website Ashley Madison, reached an $11.2 million deal to resolve a class action in which users alleged that Ashley Madison had failed to use proper care to secure their personal information after a data breach allegedly disclosed information regarding 37 million users. Ashley Madison is known as being an adultery website.

The case is In re: Ashley Madison Customer Data Security Breach Litigation, case number 4:15-md-02669 in the U.S. District Court for the Eastern District of Missouri.

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Article in The Hill explains why the new CFPB banning mandatory arbitration is a good thing

Posted on: July 13th, 2017 by Steve Larson

Paul Bland has written an excellent article in The Hill that reviews the background behind the publication of the new CFPB rule banning mandatory arbitration, and addresses the merits and criticisms of the new rule.

Here is the link.  http://thehill.com/blogs/pundits-blog/finance/341472-who-will-gop-lawmakers-stand-with-the-people-or-crooked-bankers.

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CFPB issues rule banning mandatory arbitration agreements in consumer finance documents

Posted on: July 12th, 2017 by Steve Larson

On July 10, 2017, the Consumer Financial Protection Bureau (CFPB) announced a new rule to ban companies from using mandatory arbitration clauses to deny groups of people their day in court. Many consumer financial products like credit cards and bank accounts have arbitration clauses in their contracts that prevent consumers from joining together to sue their bank or financial company for wrongdoing. By forcing consumers to give up or go it alone – usually over small amounts – companies can sidestep the court system, avoid big refunds, and continue harmful practices. The CFPB’s new rule will deter wrongdoing by restoring consumers’ right to join together to pursue justice and relief through group lawsuits.

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Former Rentrak investors settle class action in Oregon state court for $19 million

Posted on: June 13th, 2017 by Steve Larson

Former shareholders of Rentrak Corp. sued the company and its directors in Oregon state court over a now-completed merger with comScore Inc.  The investors had accused Rentrak’s board and two top executives of accepting a low-ball offer from the web traffic analysis firm comScore in order to preserve their own jobs, failing to disclose a better bid to shareholders and caving to pressure from a major shareholder to seal the deal. Rentrak was in the audience measurement business.

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Bumble Bee Foods LLC pleads guilty to fixing prices for packaged tuna

Posted on: May 9th, 2017 by Keith Dubanevich

Bumble Bee Foods LLC will plead guilty to fixing prices for packaged tuna and pay a criminal fine of at least $25 million in the first charges to be filed against a corporation in the U.S. Department of Justice’s ongoing criminal antitrust investigation into the seafood industry, the DOJ said Monday, May 8, 2017.

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BBC World News connects passenger being dragged off of United Airlines plane to unequal bargaining power between consumers and corporations in America as a result of forced arbitration clauses

Posted on: April 12th, 2017 by Steve Larson

On the April 11, 2017, BBC World News Program, the announcer told a reporter for the Atlantic that traditionally in the United States, if a group of consumers were being treated unfairly by a large corporation, it might result in a lawsuit. The announcer questioned why that was not the case here. The reporter for the Atlantic said that class actions have been vitally important in the past in the United States at leveling the playing field when consumers have disputes with large corporations. The reporter noted that an individual consumer would never have the financial wherewithal to get into a legal dispute with a company the size of United Airlines over an individual claim, but if the claim was on behalf of a number of consumers, that would give the consumers more leverage.

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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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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.
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