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  • $20M Preliminary Settlement Approved in Facebook Sponsored Stories Class Action Lawsuit
    San Francisco, CA: Preliminary approval of a $20 million consumer fraud class action lawsuit pending against Facebook. The settlement, granted by a federal judge, seeks to resolve allegations that Facebook used its 'users' names, photos and identities to advertise products on the social network, without those 'users' permission. The lawsuit, ent...
  • Stone Energy Corporation Agrees Preliminary $10,500,000 settlement
    Lafayette, LA: A $10,500,000 settlement has been proposed in the securities class action pending against Stone Energy Corp. A hearing will be held on March 23, 2010 to determine whether: (1) the proposed Settlement should be approved by the Court as fair, reasonable and adequate; (2) the Plan of Allocation should be approved; (3) Co-Lead Counsel's applicat...
  • Zyprexa Medicaid Gravy Train Derailed
    Feb-20-06 When Zyprexa was approved to treat adults with schizophrenia in 1996, Eli Lilly and the FDA knew about the drug's lethal side effects. Data from a 1996 six-week clinical trial revealed 27 deaths, 15 of which were suicides, and a drop-out rate of 65%. In his book, Mad In America, investigative journalist Robert Whitaker, reported that one in every 145...
  • Trial Lawyers Reach Settlement on Name
    Dothan, AL: Two settlements have been reached involving three different national trial bar associations. One settlement was reached between The American Trial Lawyers Association ("The Association" or "The Trial Lawyers") and The American Association for Justice ("AAJ"), both plaintiff attorney trial bar associations. A second settlement was reached bet...
  • MF Global Reaches Preliminary Agreement on Shareholder Lawsuit
    New York, NY: MF Global Holdings Ltd, a broker-dealer providing trading and hedging solutions, announced it has reached a preliminary agreement among principals to settle class action litigation brought on behalf of purchasers of MF Global stock between July 2007 and February 2008. MF Global will contribute $2.5 million to the overall settlement of $...
  • $161.7M Settlement Reached with Six Banks in Veterans Home Refinancing Class Action Lawsuit
    Atlanta, GA: A settlement has been reached in a whistleblower class action lawsuit brought against six large banks who are accused of charging military veterans with hidden fees on home refinancing loans. The out-of-court settlement, reached November 19 in federal court, allows for a fund of $161.7 million to be paid by the six banks to the class...
  • Buzzards Bay Oil Spill Class Action Reaches Preliminary Settlement
    Boston, MA: Preliminary approval of a settlement has been reached in the first environmental class action to be certified in Massachusetts. The suit was brought against Bouchard Transportation Company by more than 1000 homeowners in Mattapoisett whose properties were affected when Bouchad barge B-120 spilled 98,000 gallons of oil into Buzzards Bay, c...
  • Consumers of LCD Flat Screen TVs, Monitors and Laptops Eligible For Refunds in $1.1 Billion Settlement
    Lansing, MI: Customers – both private and corporate – who purchased certain TFT-LCD (thin-film transistor liquid crystal display) flat panels from 1999 to 2006 are eligible to share in a $1.1 billion price fixing class action lawsuit settlement fund. Eligible consumers and businesses in 24 states and the District of Columbia may be able to co...
  • Natrecor Heart Drug - Deadly and Expensive
    Jan-31-06 Let there be no mistake, Johnson & Johnson, and its subsidiary Scois, knew all about the dangers associated with its heart failure drug Natrecor, but threw caution to the wind in promoting its off-label use in pursuit of profits. Natrecor was FDA approved in August 2001 for the sole purpose of treating patients for the most acute from of congestive heart...
  • Adderall's Rollercoaster Year
    Jan-26-06 Shire Pharmaceuticals is the global market leader in the sale of attention deficit drugs with the products Adderall , an instant-release amphetamine introduced in 1996, and Adderall XL, a timed-release version of the drug, introduced in 2001. Adderall and Adderal XL are the top selling attention deficit treatments in the US. In 2004, Shire captured 28%...
  • Comverse Shareholder Settlement Agreed at $225 Million
    New York, NY: A settlement totalling $225 million has been reached in the class action lawsuit brought against Comverse Technologies on allegations of stock option backdating. Under the terms of the settlement, the former CEO Jacob "Kobi" Alexander, who absconded to Namibia in 2006 to avoid federal charges of fraud, will pay roughly $60 million toward...
  • Stock Fraud: Has This Happened To You?
    Jan-19-06 Jane Auerbach lost almost all her savings and her husband's life insurance. Because she trusted a stock broker. Auerbach, age 56, moved to the Tampa Bay area around Florida 10 years ago after her husband Neil died at the age of 46 from colon cancer. With two young children to support, she needed to be close to her parents. And she also needed them for fin...
  • Contaminated Water from Dupont
    Jan-12-06 Residents in and around Marietta, OH have been drinking bottled water tainted with the chemical C8, which is used by Dupont to make Teflon. The chemical traces were discovered by a rural southeastern Ohio water system. Approximately 1,000 people have been drinking bottled water supplied by Dupont since 2004, when a class action lawsuit was brought against...
  • $12.5M Settlement Proposed in EasySaver Rewards Consumer Fraud Class Action Lawsuit
    New York, NY: A proposed $12.5 million settlement has been reached in a consumer fraud class action lawsuit pending against EasySaver Rewards. The proposed settlement provides a combination of benefits to Class Members, such as one fully transferable $20 credit valid only for a future on-line purchase of merchandise at ProFlowers.com, RedEnvelope.c...
  • Ford admission of cruise control fire danger too late
    Jan-11-06 While Ford finally admitted that the cruise control wiring in the F150, amongst others, holds a serious risk of catching fire, it comes too late for some families. Ford refuses the following families compensation saying that, due to the extent of the fire, it cannot be determined what exactly caused the damage. Talk about a Catch-22! Life-threatening...
  • Anthem Policy Holders Awarded $90M Settlement in Insurance Class Action Lawsuit
    New York, NY: A $90 million bad faith insurance class action settlement has been approved by a federal judge payable to former Anthem Inc, policyholders. The class of plaintiffs for the lawsuit includes 700,000 claimants in Indiana, Ohio, Kentucky and Connecticut, who alleged they were underpaid by Anthem when it converted in 2001 from policyholde...
  • Hold onto your Simon Mall Gift Cards
    Jan-6-06 Kathy Wiedeman of Fishers, Indiana was angry when her daughter was unable to use her Simon Mall Gift Card. "It was a gift to my daughter from her aunt. She tried to use the card in July but it was denied so she gave it to me a few months later, saying it didn't work," says Wiedeman. The clerks at the Hollister clothing store, where her daugh...
  • KISSmetrics Agrees Settlement in ETags WireTap Class Action Lawsuit
    Los Angeles, CA: A settlement has been reached in the wiretap class action pending against analytics company KISSmetrics. The lawsuit alleged the company used supercookies called ETags to illegally track Internet users even after those users had deleted the HTTP cookies and enabled "Private Browsing Mode"to block all cookies. The lawsuit, filed...
  • Borders WARN Act Class Action Reaches Tenative $240K Settlement
    Ann Arbor, MI: Borders Group Inc has agreed to settle an employment class action lawsuit brought by 198 former employees over alleged violations of the Worker Adjustment Retraining and Notification (WARN) Act. The Ann Arbor-based bookseller is in the last stages of liquidation, but has agreed to pay $240,000 as settlement to the former emplo...
  • Settlement Reached in Complete Moisture Plus Contact Lens Solution Class Action
    Orange County, CA: California consumers who purchased the recalled Complete®MoisturePlusTM contact lens solution have agreed to settle a Court-certified class action consumer fraud lawsuit against Advanced Medical Optics (now known as Abbott Medical Optics, "AMO") concerning its sale of the solution. The settlement is subject to court approval. ...
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