Class Action News
May 18, 2012
ThomsonReuters |
May 18, 2012
Charles Schwab Corp plans to wait until the end of a disciplinary proceeding before enforcing a change in its customer agreement requiring investors to give up class action rights, a spokeswoman said on Thursday.
MassTortDefense Blog |
May 18, 2012
Readers of MassTortDefense recognize that one of the most challenging jurisdictions for potential class actions defendants is California, given the substantive law, some state courts' take on certification issues, and the aggressive plaintiffs' bar. It is no surprise that advocates of a balanced and appropriate role for class actions have from time to time attempted legislative reform in this state.
May 17, 2012
American Lawyer |
May 17, 2012
Last month we told you about how lawyers at Winston & Strawn and Venable lost a jurisdictional battle with close to 300 plaintiffs in six cases claiming Abbott Laboratories' anti-seizure drug Depakote causes birth defects. A federal judge in East St. Louis, Ill., sided with the plaintiffs' lawyers at Bracewell & Giuliani and remanded the cases to state court, ruling that Abbott had failed to show that the litigation was subject to removal as a "mass action" under the federal Class Action Fairness Act.
Tags: Class Action, Illinois
Wall Street Journal |
May 17, 2012
Two shareholder lawsuits were filed late Tuesday against J.P. Morgan Chase Co. and its top executives over the revelation last week that the bank had suffered more than $2 billion in trading losses.
Star-Ledger |
May 17, 2012
A federal judge in New Jersey has approved a nationwide class-action settlement for the current and former owners and lessees of more than 1 million Honda and Acura cars that allegedly suffered from broken air conditioning systems that manufacturers refused to fix under warranty, according to a lawyer representing the class of plaintiffs and court documents.
Tags: Class Action, New Jersey
May 15, 2012
American Lawyer |
May 15, 2012
Last week we described a multi-pronged attack by a gaggle of banks and the Mortgage Electronic Registry System on a proposed class action brought by an Ohio county. The Geauga County prosecutor, represented by Bernstein Liebhard, accused MERS and the banks of improperly recording thousands of loans in their zeal to fuel the mortgage securitization boom, bilking the counties out of fees in the process. The defendants struck back with motions to block class certification and to dismiss the case, arguing that they hadn't broken any laws and that the prosecutor had no standing to represent other counties, especially after bringing in outside counsel.
Tags: Class Action, Financial Services, Ohio
May 14, 2012
Cincinnati Enquirer |
May 14, 2012
The Kentucky Supreme Court will hear an appeal from a group of people sickened by the diet-drug fen-phen who say that a $42 million judgment awarded to them from their one-time attorneys should be reinstated.
May 10, 2012
ATR Blog |
May 10, 2012
On May 8, 2012, the California Assembly Judiciary Committee defeated A.B. 1878 (Beth Gaines-R) by a clean party-line vote of 3-7. This bill would have provided businesses much needed relief from frivolous ADA lawsuits.
May 7, 2012
New York Times |
May 7, 2012
For other arguments against class actions, the Haggler spoke to a representative at the United States Chamber of Commerce’s Institute for Legal Reform, which is a big fan of the Concepcion decision. Matt Webb, a senior vice president of the organization, says the class-action system is flawed because it is designed by and for lawyers. Arbitration, he added, can work.
The Advocate |
May 7, 2012
U.S. Sen. David Vitter, R-La., forwarded to his supporters Friday an article from Legal Newsline, a Chicago newswire owned by the U.S. Chamber Institute for Legal Reform. The group contends Louisiana’s judicial system is unfair to businesses, therefore state law should be changed to make it more difficult for injured parties to file and litigate lawsuits.
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From The Blog
The Foreign Corrupt Practices Act bars U.S.-based and U.S.-traded companies from giving things of value to foreign...
Arbitration is a fair way of resolving claims, according to the testimony of Victor Schwartz (which he discusses in the...
Madison County Circuit Judge Clarence Harrison has ended the pre-assignment of asbestos trials to plaintiffs’ law firms...
