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  • $336 Million Settlement for Credit Card Fees Lawsuit
    Oct-28-09 Manhattan, NY A credit card abuse class-action lawsuit that's been in the pipeline for about eight years and approved in 2006 has won final approval from a US judge. The settlement will see $336 million spread amongst a whopping ten million-plus claimants who alleged credit card consumer abuse and unjust credit card fees. The issue surrounds the cha...
  • Navy Federal to Settle Overdraft Fees Lawsuit for $16 Million
    Nov-17-20 Alexandria, VA  The Eastern District of Virginia appears poised to approve a proposed settlement in a class action bank overdraft fees lawsuit  originally filed against Navy Federal Credit Union in 2019. Under the terms of the proposed settlement, checking account customers at Navy Federal who were overcharged will have a common fund of $16 mill...
  • The Debit Card Surprise at Hess Gas Stations
    Apr-2-09 Clearwater, FL Somewhere in the U.S. this story is probably playing out right now. A driver has decided to top up the tank and pulled into a service station owned by the Hess Corporation . They slide that handy debit card into the slot and pump maybe $20 worth of gas into the vehicle and then they're on their way. But the next time they try to use th...
  • Guaranty Financial Group, Inc GFG Securities Fraud
    Company: Guaranty Financial Group, Inc Ticker Symbol: GFG Class Period: Dec-12-07 to Aug-24-09 Date Filed: Nov-14-11 Lead Plaintiff Deadline: Jan-13-12 Court: Northern District of Texas Allegations: Bensalem, PA: A securities class action lawsuit has been filed on behalf of purchasers o...
  • Stockbroker Fraud Adds to Investor Concerns
    Oct-21-08 San Diego, CA As if investors don't already have enough to worry about, what with the long list of financial firms facing financial trouble and the stock markets taking a nose dive, stockbroker fraud has become the concern of some investors. Many are turning to stockbroker arbitration to settle their claims. Sadly, although investors can recover funds th...
  • Lehman Brothers Files for Bankruptcy
    Sep-15-08 New York, NY In what could be seen as another blow to the hedge fund industry, Lehman Brothers announced on Monday that it has filed for Chapter 11 bankruptcy. Lehman announced the move after it learned that the government would not bail the company out by providing financing for a takeover or restructuring and after talks of a buyout fell through. ...
  • Misled to Buy ERISA Stock Options
    May-14-08 Newport Beach, CA: While the president of Washington Mutual Inc. dumped company stock, he encouraged his employees to buy, buy, buy -- to fill out their Employee Retirement Income Security Act (ERISA) account plans. And they did, resulting today in over $150 million in total losses and devalued retirement funds for employees nationwide. Renee Mayo experi...
  • Attorney Brian S. Kabateck On Technology Litigation and Righting Old Wrongs
    Apr-20-08 Los Angeles, CA: Brian S. Kabateck, founding partner of Kabateck Brown Kellner, LLP, specializes in consumer class action and mass torts. His client list includes the likes of Michael Jackson, Ed McMahon, José Conseco, and Lou Ferrigno. As we'll see, it also includes the victims of genocide from almost a century ago. LawyersandSettlements (LAS): You r...
  • Wrongful Death Covers Many Situations
    Feb-26-08 Pittsburgh, PA Wrongful death lawsuits can be filed in many situations involving countless circumstances and situations. What they all have in common is that the victim's death was preventable and was caused by the actions of a different party (a person or organization) who acted improperly. A wrongful death lawsuit can involve negligent actions by the...
  • Capital One Settles Bank Fees Class Action
    Brooklyn, NY: Settlement of a class action against Capital One Bank has been approved by a federal judge. The suit, filed in 2009 by lead plaintiff Eric Gunther, alleged that Capital One Bank imposed new and increased "miscellaneous account fees" without notifying customers after buying North Fork Bank. Details of the settlement have not been ma...
  • Fifth Third Bank Class Action Settlement Involving Overdraft Fees
    Chicago, IL: A notification program begun, as ordered by the United States District Court for the Northern District of Illinois (the "Court"), to alert people who have or had a bank account with Fifth Third Bank ("Fifth Third") about a proposed class action settlement. The lawsuit alleges that Fifth Third improperly assessed overdraft fees for in...
  • Sex Crimes lawsuit
    Sex Crimes in America - the Epidemic of Silence and Shame In this day in age, hardly a day goes by where you do not hear, see, or read about some horrid sexual assault or another sexual predator sentenced for seemingly unspeakable crimes. Yet experts tell us that for every sexual assault that is reported to the authorities, many more go by unrep...
  • Over $1Billion added to J&J Talc Settlement Proposal
    Sep-9-24 New Brunswick, NJ Johnson & Johnson boosted its $9 billion proposed settlement to over $10.1 billion to resolve potentially 100,000 talc lawsuits claiming its baby powder caused ovarian and other gynecological cancers. The proposal, which will be paid over 25 years, has created a rift with plaintiffs’ lawyers, one of whom rejected previous propo...
  • Auction Rate Securities Brokers "Lie"
    Mar-17-09 Miami, FL Like many other people who purchased auction rate securities, David S. (not his real name) says he was lied to about the liquidity of his investment. Investors say they were told that there was a solid auction rate securities market, based on which they purchased the securities. However, they learned too late that the auction rate securities we...
  • Financial Advisor Loses Millions in Employee Stock Plan
    Feb-10-09 San Diego, CA Many investors have lost money lately, but among those who have been forgotten are financial advisors who invested in their firm's employee stock options plans. With their companies filing for bankruptcy or being bought out by other companies, these employees are finding that the employee savings plans they paid into faithfully for many yea...
  • Gig Economy Company Settles Wage Theft Lawsuit for $2.1 Million
    Mar-27-24 San Francisco, CA Qwick, a gig economy online staffing company for hotel and restaurant workers, is required to pay its misclassified California workers $1.5 million in restitution and convert all workers to employees. This agreement settles a misclassification lawsuit brought by the City Attorney of San Francisco and it significantly reclassifies thousa...
  • Goldman Sachs 401k Plan Participants file ERISA Lawsuit over Self-Dealing
    Nov-21-19 New York, NY A class action ERISA lawsuit filed on October 25 in the Southern District of New York claims that Goldman Sachs Inc. and related defendants failed to administer the Goldman Sachs Group Inc. 401k plan prudently and in the best interest of participants. Instead, Falberg v. Goldman Sachs Group Inc. alleges that Goldman managed the plan to ben...
  • United Federal Credit Union Settles Excessive Overdraft Fee Lawsuit for $1.75 Million
    Oct-16-19 Reno, NV On July 23, 2015, Tonya Gunter had enough money in her checking account to cover her transactions. Nonetheless, United Federal Credit Union (UFCU) charged her eight $30 overdraft fees because her “available balance,” a different and arguably artificially defined number, was too low. Gunter sued . United Federal Credit Union has now agreed t...
  • Washington Mutual Bank Collapses
    May File for Bankruptcy Washington Mutual was closed by regulators Thursday, in what is being called the biggest collapse in US banking history. It also sold its banking assets to JP Morgan Chase & Co for $1.9 billion. Latest reports suggest that the now defunct bank may soon file for bankruptcy. Washington Mutual, the leading savings and loan ban...
  • Fresenius Medical Care Recall: Did Company Trip Up?
    Sep-19-12 Waltham, MA The effectiveness of a regulator depends largely on the information it has at its disposal. To that end, the US Food and Drug Administration (FDA) more often than not must rely on the voluntary dissemination of information from manufacturers to properly and effectively regulate the industry for the benefit of the general public. A recent issue...
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