Class Actions Blog

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.

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.

Federal Court allows securities class action case to proceed against Sidley Austin, Deloitte & Touche, Tonkon Torp, TD Ameritrade, EisnerAmper and Integrity Bank

Posted on: July 11th, 2017 by Keith Dubanevich

U.S. District Judge Michael W. Mosman upheld a magistrate judge’s recommendation to deny in-part and grant in-part motions to dismiss filed by Sidley Austin LLP, Deloitte & Touche, Tonkon Torp, TD Ameritrade, EisnerAmper and Integrity Bank in a proposed class action case alleging that the defendants violated the Oregon Securities Law by participating and aiding in sales of securities totaling in excess of $650 million.

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Foot Locker Owes Retirees over $100 Million

Posted on: July 10th, 2017 by Steve Larson

The Second Circuit affirmed a district court ruling finding that Foot Locker owes an estimated $100 million-plus in benefits to a class of about 16,000 workers whose retirement benefits it cut. The class action suit filed against Foot Locker in 2007 alleged that the company hid that a 1996 shift to a cash balance benefit plan temporarily froze benefits for a swath of employees despite their continuing to pay in, which is known as wear-away.

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Anthem settles data breach case for $115 million

Posted on: June 27th, 2017 by Keith Dubanevich

Anthem Inc. has agreed to a negotiated settlement valued at $115 million to end class action litigation over a massive data breach. The settlement funds will be used to provide credit protection and reimbursement for customers and pay attorneys’ fees.

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7th Circuit expands Supreme Court ruling prohibiting pick-off attempts

Posted on: June 22nd, 2017 by Keith Dubanevich

On June 20, 2017, the 7th U.S. Circuit Court of Appeals reversed a trial judge’s dismissal of a putative class action case finding that a pick-off attempt was unsuccessful. Fulton Dental LLC v. Bisco Inc., ___F.3d___, No. 16-3574 (7th Cir. June 20, 2017). In this case under the Telephone Consumer Protection Act, the defendant had deposited a payment with the court under FRCP 67, which payment it claimed was sufficient to make the named plaintiff whole (the full amount of the named plaintiff’s individual claim). The plaintiff never accepted the payment and denied any agreement to settle. Nonetheless, the district court ruled that the payment mooted the plaintiff’s claim and disqualified it from serving as a class representative.  Thereafter the court dismissed the case in its entirety.

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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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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

  • Keith Dubanevich
  • 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.
  • Keith Dubanevich

  • Keith Dubanevich
  • Keith Dubanevich has extensive experience handling antitrust, consumer and securities cases. Until joining the Portland, Oregon law firm Stoll Berne as a shareholder, he was the Associate Attorney General and Chief of Staff at the Oregon Department of Justice.
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