Class Actions Blog

Another auto part maker settles in wide-ranging antitrust lawsuit

Posted on: December 6th, 2017 by Steve Larson

U.S. District Judge Marianne O. Battani, in the district of Michigan, gave initial approval to a $12.16 million proposed settlement that would end claims in multidistrict litigation that a Japanese auto parts supplier participated in a wide-ranging conspiracy to hinder competition by fixing the prices of ceramic substrates sold to U.S. automakers. The settling defendants were NGK Insulators Ltd. and NGK Automotive Ceramics USA Inc. The proposed settlement class would include everyone who has bought or leased a new vehicle in the U.S. since July 1, 1999, that included a ceramic substrate part manufactured by NGK or indirectly bought such an item as a replacement part.

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Pfizer settles Celebrex antitrust class action for $94 million

Posted on: November 30th, 2017 by Steve Larson

A class of direct purchasers who allege that Pfizer used fraudulent patents to delay generic competition for its anti-inflammatory drug Celebrex have reached a $94 million settlement agreement with Pfizer. In August, 2017, U.S. District Judge Arenda L. Wright Allen certified a class of 32 direct purchasers who claim Pfizer cost Celebrex buyers hundreds of millions of dollars by abusing the courts and the U.S. Patent and Trademark Office to extend its exclusive window to sell the drug.

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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.

Richard Cordray resigns as Director of Consumer Financial Protection Bureau

Posted on: November 16th, 2017 by Steve Larson

Richard Cordray was appointed the lead in the newly created Consumer Financial Protection Bureau by President Obama. During his tenure, the CFPB levied a $185 million fine against Wells Fargo for the bank’s infamous practice of opening phony accounts last fall. Overall, the CFPB’s enforcement actions have resulted in about $12 billion in relief for victims of these unscrupulous practices.

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24 Hour Fitness settles class action

Posted on: November 13th, 2017 by Steve Larson

On November 1, 2017, plaintiffs in a class action against 24 Hour Fitness moved for preliminary approval of a $1.5 million settlement over allegations that the fitness center chain carried out a fraudulent and misleading sales campaign related to its prepaid memberships. In the suit, the plaintiffs claim that 24 Hour Fitness represented that the fees under its prepaid membership contracts for lifetime members would not increase, but after April 2006, the company changed the membership contracts to provide that the annual renewal charge was only guaranteed for one year beyond the initial term. Despite this modification to the prepaid membership agreement, 24 Hour Fitness’ sales representatives continued to assure prepaid members that their dues would remain the same.

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The America Legion has asked President Trump to veto the recently passed bill undercutting the CFPB rule on forced arbitration

Posted on: November 9th, 2017 by Steve Larson

The leader of the nation’s largest veterans’ service organization expressed concern over the loss of financial protections for veterans and service members in the wake of a U.S. Senate late night vote on Wednesday. Fifty-one members of the Senate voted to overturn a recent Consumer Financial Protection Bureau (CFPB) rule on arbitration agreements intended to provide consumers with an opportunity to sue in court when they have been harmed by financial institutions.

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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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