Dec
31
Settlement Money To Be Distributed In Wal-Mart Gender Discrimination Suit
December 31, 2011 | Leave a Comment
LONDON, Ky. – More than 1,300 women who were denied employment at a Wal-Mart Stores Inc. distribution center will receive payments ranging from $ 2,000 to $ 52,500 under a settlement of gender discrimination claims brought by the U.S. government more than 10 years ago, according to a Dec. 20 order approving a final notice [...]
Dec
28
E*TRADE Announces $ 79M Settlement Of Subprime Claims In Securities Suit
December 28, 2011 | Leave a Comment
NEW YORK – E*TRADE Financial Corp. has agreed to a $ 79 million settlement with investors to settle claims that it misrepresented the risk associated with its investment in subprime mortgage-backed securities in violation of federal securities laws, according to a Securities and Exchange Commission Form 8-K filed by E*TRADE on Dec. 21 (Larry Freudenberg [...]
Dec
19
Parties In Defective Chinese Drywall Litigation Propose Class Action Settlement
December 19, 2011 | Leave a Comment
NEW ORLEANS – Parties in the Chinese drywall multidistrict litigation in a Louisiana federal court on Dec. 15 announced a proposed class action settlement that would potentially resolve thousands of claims involving defective drywall manufactured by Knauf Plasterboard Tianjin (KPT) (In re: Chinese-Manufactured Drywall Products Liability Litigation, No. 2:09md02047, E.D. La.). LexisNexis® Mealey’s™ Daily Legal [...]
Dec
4
Judge Grants Preliminary Approval Of $ 145M Settlement In Securities Class Action
December 4, 2011 | Leave a Comment
PHOENIX – A federal judge in Arizona on Nov. 29 preliminarily approved a $ 145 million settlement between shareholders and Apollo Group Inc. and certain of its executive officers to end the long-running securities class action lawsuit (In re Apollo Group, Inc. Securities Litigation, No. 04-2147, D. Ariz.). LexisNexis® Mealey’s™ Daily Legal News
Nov
19
Parties In Chinese Drywall Litigation Announce New Settlement Program
November 19, 2011 | Leave a Comment
NEW ORLEANS – Parties in the Chinese drywall multidistrict litigation on Nov. 16 announced a resolution to repair hundreds of homes constructed with defective drywall manufactured by Knauf Plasterboard Tianjin (KPT) (In re: Chinese-Manufactured Drywall Products Liability Litigation, No. 2:09md02047, E.D. La.). LexisNexis® Mealey’s™ Daily Legal News
Sep
14
Judge: Insured May Not Recover $ 25M Settlement Loss From Excess Insurer
September 14, 2011 | Leave a Comment
NEW YORK – A data protection corporation may not recover its losses arising from a $ 25 million class action settlement because it did not comply with its excess insurance policy’s consent-to-settle provision, a New York federal judge ruled Sept. 9 (Federal Insurance Company v. Safenet Inc., et al., No. 09 CV 7863 [NRB], S.D. [...]
Sep
2
TFT-LCD Makers Reach $ 388 Million Antitrust Settlement With Class
September 2, 2011 | Leave a Comment
SAN FRANCISCO – Several manufacturers of thin film transistor-liquid crystal display (TFT-LCD) products on Aug. 30 agreed to pay direct purchasers $ 388 million to settle class claims that the manufacturers conspired to raise and fix the price of TFT-LCD panels and certain products containing those panels for more than 10 years, resulting in overcharges [...]