Plaintiffs in a class action have entered into a settlement with a number of third parties who are alleged to have participated in or materially aided sales of securities by the now-defunct Aequitas companies of Lake Oswego, Oregon. The settlement totals $234.6 million and is on behalf of approximately 1,600 investors. It is believed to …
Oregon federal district judge Michael Simon denied a motion to dismiss an Oregon class action lawsuit that alleges Airbnb allows discrimination against black users. The lawsuit contends the vacation rental website, which connects homeowners with travelers looking to rent a room, allows the homeowners to discriminate by requiring would-be guests to register with their full …
On July 20, 2017, Congressional Republicans began a process to attempt to eliminate a Consumer Financial Protection Bureau rule that stops companies from putting class action bans in their arbitration clauses and makes it easier for consumers to sue banks, credit card firms, payday lenders and other service providers in court.
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.
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.
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.
Bumble Bee Foods LLC will plead guilty to fixing prices for packaged tuna and pay a criminal fine of at least $25 million in the first charges to be filed against a corporation in the U.S. Department of Justice’s ongoing criminal antitrust investigation into the seafood industry, the DOJ said Monday, May 8, 2017.
On the April 11, 2017, BBC World News Program, the announcer told a reporter for the Atlantic that traditionally in the United States, if a group of consumers were being treated unfairly by a large corporation, it might result in a lawsuit.
On April 6, 2017, the California Supreme Court unanimously held that an arbitration agreement that waives the right to public injunctive relief is contrary to California public policy and therefore is unenforceable under California law.
An Ohio woman on Tuesday filed a proposed class action lawsuit against Mylan Pharmaceuticals Inc. in Ohio state court, claiming sharp price hikes for the company’s EpiPen device violated the state’s consumer protection law.