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Sort by date 1,824 pages found matching bank of america- Judge Gives Green Light to Pepsi and Kronos Settlement
Dec-21-22 New York, NY A New York federal judge in early December has granted preliminary approval of a $12.75 million settlement. The PepsiCo class action lawsuit alleges that Pepsi workers were not paid overtime and wages weren't timely or fully compensated for all hours worked during an outage with their Kronos timekeeping system. Along with Pepsi, the work... - Class-action Lawsuit Filed Against FirstMerit Over Bank Overdraft Fees
Dec-15-10 Akron, OH A recently filed class-action lawsuit accuses Akron, Ohio-based FirstMerit of "unfairly manipulating" the order of customer transactions, which resulted in excessive overdraft fees , the Cleveland Plain-Dealer reports. FirstMerit is the latest bank to face legal issues as a result of the excessive overdraft fees . According to the news... - Duane Morris Lawyer Charges Firm with Discrimination, Employee Misclassification
Oct-3-24 Oakland, CA On July 31, Megan Garland filed a class action lawsuit in the Northern District of California alleging that BigLaw firm Duane Morris discriminated against attorneys of color and female attorneys in violation of the California labor code . Garland v. Duane Morris alleges that the firm promoted women and people of color primarily to sal... - Not Paying California Overtime? Misclassified as Exempt No Excuse
Jan-4-13 Los Angeles, CA Trevor, who works for a small IT California consultation/support company, says he and his co-workers have worked thousands of hours in California overtime and they were misclassified the entire time. “We looked into the California labor laws and there is no way that we are exempt,” says Trevor. “A simple Google searc... - Internet Payday Lender Group Sues, Regulators Promptly Fight Back
Sep-15-14 Washington, DC It’s somewhat poetic that the US Department of Justice, in attempting to protect consumers from the chokingly high interest rates inherent with many online payday lenders, dubbed its effort to rid the industry of illegal operators as “Operation Choke Point.” Still, that hasn’t stopped an industry group representing pa... - Consumers Can "Opt Out" of Excessive Overdraft Fees
Jul-15-10 Rapid City, SD Lawmakers have pushed back against the banking industry to protect consumers from excessive overdraft fees . Now consumers will have to "opt in" to allow their bank to cover overdrafts. The law takes affect August 15 and will not allow any debit or ATM transaction that overdraw one's account to be processed unless he or she opts in for... - Citigroup Securities Lawsuit Settled
Sep-22-12 New York, NY Citigroup has reportedly settled a securities lawsuit filed on behalf of shareholders who accused the financial firm of misleading shareholders about the firm's financial status, specifically as it related to subprime mortgage debt. Meanwhile, the Securities and Exchange Commission faces a lawsuit alleging it knew about securities fraud on... - Massive Accounting Malpractice Award Tossed on Appeal, New Trial Ordered
Jun-28-10 Miami, FL A massive accounting malpractice case that has been in the pipeline for years is not over yet, after a Florida appeals court tossed out a $521 million jury verdict from 2007 and awarded a new trial. According to the Associated Press (AP) by way of the Miami Herald on 6/24/10, the Third District Court of Appeal ruled that the long-running lawsuit... - West Virginia Woman Sues Local Bank over Predatory Lending Allegations
Jun-14-10 Charleston,WV A woman from Cross Lanes, West Virginia, has filed suit against Flagstar Bank and one of its employees over alleged predatory lending practices related to the woman's mortgage. In the summer of 2007, Kathy Belcher approached the bank for a mortgage loan under a referral from a real estate agent. Belcher met with Flagstar loan officer L... - Students Get a Break, But Prepaid Debit Card Fees Still an Aggravation
May-11-10 Atlanta, GA The world of consumer credit finance has exploded in recent years with the advent of prepaid debit cards such as the Green Dot Visa—a market segment known as "the underbanked" that is being courted more and more. Amy Errett, a partner with the venture capital and private equity firm Maveron LLC, writes in the 5/5/10 issue of VentureBe... - JPMorgan Agrees $16.7M Unpaid Overtime Settlement
New York, NY: A $16.7 million settlement has been agreed between JP Morgan Chase & Co., and plaintiffs in an unpaid overtime class action lawsuit. The settlement address claims made by assistant branch managers that Chase misclassified them as exempt from overtime, in violation of federal and state employment laws. There are four classes o... - Illegal Towing Lawsuit News and Legal Information
Illegal towing and predatory towing is conducted by towing companies without the owner's consent. Predatory towers can overcharge, damage vehicles and often have monetary contracts with property owners to illegally tow vehicles from their property. llegal Towing and Predatory Towing Practices Some illegal practices include patrolling privat... - Following Suit: Telemarketing Lawsuit Update
Feb-27-14 A recent Supreme Court decision involving a lawsuit brought against Arrow Financial Services LLC over alleged nuisance phone calls has put other similar businesses and telemarketers on notice. The high court’s decision effectively allows people who are annoyed by nuisance phone calls to sue in state and federal courts. Here we present an updat... - New Rules Put Limits on Overdraft Fees
Nov-16-09 Tacoma, WA For consumers who are tired of paying excessive bank overdraft fees , some relief is on the horizon. Next summer, new federal regulations will put limits on bank overdraft fees, requiring banks to notify customers before charging overdraft fees. According to the November 12 edition of the New York Times , the Federal Reserve's new rules w... - Prepaid Debit Card Hidden Fees Hurt Consumers
Oct-31-09 Columbus, OH Prepaid debit cards are becoming increasingly popular. However, prepaid debit card companies are accused of using hidden fees to increase their profits. Customers and consumer protection groups say these prepaid debit card fees are hitting customers where it hurts—their wallet. Prepaid debit cards are reloadable cards, used by many... - Overdraft fees may be slowly bankrupting the elderly
Oct-30-09 Chicago, IL Consumers may want to keep a closer eye on their finances, as the rampant assessment of excessive bank overdraft fees have come under fire in the public and private sectors. A study recently released by the consumer watchdog organization the Woodstock Institute, claims that banking customers and people with outstanding loans are often unkn... - Consumers Pay the Price for Bank Overdraft Fees
Oct-14-09 Columbus, OH If you are like many people, chances are that you have at least once attempted to make a purchase with a bank card only to be informed that your account does not have enough money and the transaction is declined. A potentially embarrassing situation and one that the banks say they are preventing by automatically allowing people to run into ove... - When Employers Fail, ERISA Laws Protect Employee Benefit Plans
Jun-26-09 San Francisco, CA When it comes to providing employee stock options, there are rules that employers must follow to ensure the stock options are run to the benefit of employees who invest in stock option plans. The Employee Retirement Income Security Act (ERISA) mandates that fiduciaries, that is people who manage stock option and other benefit plans, fol... - Jury Finds Former CEO Guilty in $110 Million Stock Fraud Case
Jul-20-11 New York, NY The former chief executive officer (CEO) of Industrial Enterprises of America Inc. was recently found guilty for playing a role in a $110 million stock fraud scheme, according to Bloomberg . The news source reports that James W. Margulies was convicted in New York State Supreme Court on a number of charges including conspiracy, larceny... - (Unfair Business Practice) of the Rich and Famous
Feb-20-09 Las Vegas, NV Sometimes it's the supplier under contract to keep your office stocked with paper failing to deliver, and leaving a long lineup at the photocopier without paper. And sometimes it's the developer of a luxury condo complex with a long lineup of disgruntled investors, some of them rich and famous, without condos. The inability to live up to a co...