Class Actions Blog

Archive for the ‘Class Action Facts’ Category

J.C. Penney settles securities law class action for $97.5 million

Posted on: May 11th, 2017 by Steve Larson

J.C. Penney agreed to pay $97.5 million and make other concessions to a class of investors who had accused the retailer of lying about its financial health. Just two months after U.S. District Judge Robert Schroeder adopted a magistrate judge’s ruling certifying a class of J.C. Penney investors, the two sides reached a deal and have hammered out terms, according to a notice of settlement filed by the parties. The parties are working on a motion for preliminary approval and other settlement documents to submit to the court.

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Republicans in House pass anti-class action bill

Posted on: March 24th, 2017 by Steve Larson

Recently, the Republican-controlled U.S. House passed a bill intended to make it more difficult to bring class actions. Democrats objected that the measure would cripple the public’s ability to keep abuses by corporations in check.

The ironically named Fairness in Class Action Litigation Act of 2017 changes federal standards for class actions. Backers of the legislation, including Judiciary Committee Chair Bob Goodlatte, R-Va., said the bill would adjust the balance between abusive plaintiffs and innocent defendants. The class action bill would require that plaintiffs show that potential class members have both the same type and “scope” of injury to win class certification. Opponents of the legislation say it would make it virtually impossible to bring a class action lawsuit, effectively locking the courthouse doors to millions of Americans.

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Daniel Karon has written an excellent article on the potential damages from proposed class action bill

Posted on: March 23rd, 2017 by Steve Larson

Dan Karon, one of the leaders of the ABA Class Action Committee, has authored an article that explains how the proposed class action bill, H.B. 985, will hurt businesses that supporters of the legislation contend the bill is designed to assist. His essay describes how companies operating within the bounds of the law will lose market share, profits and sales to cheaters who aren’t policed. The supporters of this legislation are overlooking its grave consequences on American business.

To read the article, click here: Killing Class Actions Means Everybody Loses

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Wells Fargo got away with setting up sham accounts for 5 years because of forced arbitration clauses

Posted on: September 21st, 2016 by Steve Larson

fine printAccording to a story published in the Hill, Wells Fargo’s scandalous practice of secretly opening more than 2 million sham deposit and credit card accounts dragged on for at least five years, because Wells Fargo contract provisions blocked consumers from suing the bank in court. Read more…

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Elizabeth Cabraser asks where are all the women in the courtroom

Posted on: March 11th, 2016 by Steve Larson

justiceElizabeth Cabraser has written an insightful article asking why women so rarely appear in court serving as plaintiff’s class action counsel.

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Jeff Spross in The Week debunks notion that there are too many lawsuits

Posted on: January 27th, 2016 by Steve Larson

Class Actions Practice Area urlJeff Spross has written an article in The Week that addresses the notion raised by many commentators and politicians that there are too many lawsuits. In it, he points out that every society has to make a choice “about how to deal with collective action problems.” He argues that in the U.S. “we have a lot of class action lawsuits because we don’t do a very good job protecting people from harm through actual laws.”

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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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