Class Actions Blog

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…

Judge rejects motion to dismiss Target data breach class action

Posted on: February 12th, 2015 by Steve Larson

targetFederal Judge Paul Magnuson in Minnesota rejected a motion to dismiss in the Target data breach lawsuit.  The lawsuit seeks damages on behalf of Target customers that were harmed by a data breach that occurred from November 27 to December 15, 2013.  The complaint alleges that the data breach made class members personal information vulnerable. Approximately 110 million Target customers may have been affected by the data breach. Read more…

Pennsylvania Supreme Court gives green light to class actions

Posted on: February 9th, 2015 by Steve Larson

walmartA Pennsylvania Supreme Court decision in mid-December upholding a nearly $188 million judgment against Wal-Mart Stores Inc. for denying breaks to its workers signals a split with federal courts over standards for bringing class actions, and could cause new claims to be pursued in the state court system. Read more…

Silicon Valley wage suppression class action close to settlement

Posted on: February 6th, 2015 by Steve Larson

googleGoogle, Apple, Intel and Adobe have now offered $415 million to settle accusations that they had conspired against their own employees, according to the New York Times.   This settlement proposal has increased from an earlier offer of $324.5 million, an amount that U.S. District Judge Lucy Koh rejected last August, when she agreed with plaintiff and former Adobe engineer Michael Devine. He protested the amount, arguing that it wasn’t enough money given the wealth of the companies and the scale of their collusion.  The collusion refers to agreements the companies reached not to poach each other’s employees.

JP Morgan settles foreign exchange market antitrust case

Posted on: February 4th, 2015 by Steve Larson

chaseJP Morgan Chase has settled the claims against it in a U.S. antitrust lawsuit for about $100 million.  In the lawsuit, the investors allege that JP Morgan and 11 other major banks rigged prices in the $5 trillion-a-day foreign exchange market.

The settlement must be approved by the court.    

The lawsuit is separate from government criminal and civil probes worldwide into whether banks rigged currency rates to boost profit at the expense of customers and investors.  JPMorgan agreed in November to pay roughly $1.01 billion to resolve such probes by U.S. and European regulators. Five other banks settled for an additional $3.3 billion.

Other defendants include Bank of America Corp., Barclays Plc, BNP Paribas SA, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group Inc, HSBC Holdings Plc, Morgan Stanley, Royal Bank of Scotland Group Plc, and UBS AG.

According to the lawsuit, the 12 banks held an 84 percent global market share in currency trading, and were counterparties in 98 percent of U.S. spot volume.

The case is In re: Foreign Exchange Benchmark Rates Antitrust Litigation, U.S. District Court, Southern District of New York, No. 13-07789.

Legal Disclaimer

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.
  • 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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