Class Actions Blog

Posts Tagged ‘class action settlement’

Brazilian oil corporation, Petrobas, agrees to $3 billion securities fraud settlement

Posted on: January 17th, 2018 by Steve Larson

Shareholders of Brazilian oil giant, Petrobas, have obtained a nearly $3 billion settlement of a class action alleging that the energy company concealed kickbacks that top officials and their political patrons received in exchange for directing Petrobras to buy and build production facilities at inflated prices. After the scandal emerged as part of a sweeping corruption investigation in Brazil, the price of Petrobras’ American depositary receipts plunged.

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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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Another settlement in auto parts antitrust class action – this one with Bosch

Posted on: September 28th, 2017 by Steve Larson

Consumers recently filed a motion for preliminary approval of a settlement with Bosch. Bosch has agreed to pay $33.4 million to settle antitrust lawsuits involving four different types of auto parts. The parts involved in the Bosch settlement are windshield wiper systems, starters, fuel injection systems and spark plugs.

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Ashley Madison settles data breach class action for $11.2 million

Posted on: July 18th, 2017 by Steve Larson

Ruby Life, Inc., the parent company of online dating website Ashley Madison, reached an $11.2 million deal to resolve a class action in which users alleged that Ashley Madison had failed to use proper care to secure their personal information after a data breach allegedly disclosed information regarding 37 million users. Ashley Madison is known as being an adultery website.

The case is In re: Ashley Madison Customer Data Security Breach Litigation, case number 4:15-md-02669 in the U.S. District Court for the Eastern District of Missouri.

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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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Google settles dead website ad claims for $22.5 million

Posted on: March 20th, 2017 by Steve Larson

According to a motion for preliminary approval, Google Inc. has agreed to pay $22.5 million to settle a class action lawsuit brought on behalf of advertisers who claim the tech giant placed their purchased ads on unused or inactive websites. The lawsuit was filed in 2008.

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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.

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  • 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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