Class Actions Blog

Archive for the ‘Class Action Facts’ Category

University professor report finds that 80% of Fortune 100 companies use mandatory arbitration rip-off clauses in employment agreements

Posted on: April 3rd, 2018 by Steve Larson

A new report authored by Loyola University of New Orleans College of Law Professor Imre S. Szalai, finds that 80 percent of Fortune 100 companies use arbitration in their employment documents, nearly half of which contain class and collective action bans. Among those companies that use arbitration to resolve employment disputes, at least half force arbitration on employees as a condition of employment.

Here is a link to the report.

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U.S. Supreme Court says state courts may continue to hear securities class actions

Posted on: March 22nd, 2018 by Steve Larson

In an important decision for investors, the U.S. Supreme Court ruled on March 20, 2018, that state courts can continue to hear certain securities class actions brought under federal law. In the unanimous decision, the court said that amendments to the federal Securities Act of 1933 do not give the federal courts exclusive jurisdiction over covered class actions brought under the law.

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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.

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21st Century Fox settles derivative suit for $90 million

Posted on: December 11th, 2017 by Steve Larson

21st Century Fox recently announced that it was agreeing to pay $90 million to resolve a derivative suit against the corporation’s management arising out of sexual harassment allegations. At a time when the number of high-profile and powerful individuals accused of sexual harassment increases almost every day, the Fox settlement is most notable for creating a majority-independent body of experts that is empowered to tackle sexual harassment issues in a novel way.

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Destroying the CFPB is bad for big business

Posted on: November 28th, 2017 by Steve Larson

Here is a link to a well written article by Daniel Karon, a plaintiff’s lawyer, on why destroying the CFPB is bad for big business.

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Senate Republicans kill CFPB rule banning forced arbitrations

Posted on: October 26th, 2017 by Steve Larson

Senate Republicans narrowly passed a resolution to kill a recently adopted Consumer Financial Protection Bureau (CFPB) rule prohibiting financial firms from requiring customers to resolve any disputes with the firms through individual arbitrations. Big banks and credit card companies routinely include so-called forced arbitration provisions in their account agreements, which prohibit class action.

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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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