The most recent cost to Wells Fargo & Co. arising out of its fake-account scandal is a $480 settlement with its shareholders. The settlement resolves the main class-action suit brought by shareholders targeting the bank’s allegedly deficient disclosures related to its sales practices.
Stoll Berne attorney Ben Leedy will present at The Seminar Group CLE, “Commercial Leases in the 21st Century, on Friday, May 11, 2018. The program is from 9 a.m.-5 p.m. at the World Trade Center, Portland. Ben, along with Schwabe Williamson & Wyatt PC attorney Katherine Wax, will be held at 11 a.m. This topic …
Japanese auto parts maker Tokai Rika has agreed to settle claims against it for $34.2 million. The four proposed settlement classes include those who say they were overcharged for heating control panels, occupant safety restraint systems, switches and steering angle sensors. According to the motion for preliminary approval, the classes includes millions of buyers.
A new report authored by Loyola University of New Orleans College of Law Professor Imre S. Szalai, finds that 80 percent of Fortune 100 companies use arbitration in their employment documents, nearly half of which contain class and collective action bans.
Shareholders of Facebook stock sued the social media giant alleging that Facebook made misleading claims about its use of user data, which blew up this month when its alleged relationship to a Trump-linked data firm was made public.