Class Action News

March 14, 2013

Investors, AIG dispute impact of Amgen decision on class action

ThomsonReuters | March 14, 2013

Investors suing American International Group Inc for allegedly misrepresenting its exposure to financial products that drove the insurer into a government bailout are seizing on a recent U.S. Supreme Court case in their bid for class certification.

Tags: Class Action

March 8, 2013

A.G. Blasts Fee Request From Counsel for Madoff Investors

New York Law Journal | March 8, 2013

Attorney General Eric Schneiderman has blasted as unreasonable and "wildly excessive" a $42 million request for legal fees and expenses from plaintiffs lawyers representing investors in a settlement related to Bernard Madoff's Ponzi scheme run as Bernard L. Madoff Investment Securities LLC.

Tags: Class Action, New York, Securities Litigation, State Attorneys General, Trial Lawyers' Influence

March 7, 2013

Simpson Thacher Scores for Banks, Fends Off Appeal in Auction-Rate Antitrust Class Action

American Lawyer | Subscription Required | March 7, 2013

It was inevitable that the collapse of the $300 billion auction-rate securities market in 2008 would trigger securities litigation. And it did, though without giving the plaintiffs bar all that much to show for it. But the ARS freeze also spawned a massive antitrust case, after a trio of plaintiffs firms cooked up a theory that the market's demise was triggered by an illegal boycott on the part of major banks.

Tags: Class Action, Securities Litigation

Wage-and-hour class case falls, citing Wal-Mart

ThomsonReuters | March 7, 2013

A recent decision from the 9th Circuit Court of Appeals undoing the class action certification of a wage dispute at a Chinese-language newspaper signals how Dukes v. Wal-Mart is calling into question a host of employment class action cases.

Tags: Class Action

Anglo American S. Africa Faces Class-Action Suit Over Silicosis

Bloomberg | March 7, 2013

Anglo American Plc’s South African unit faces a class-action suit from miners with silicosis who worked at 11 operations that the company used to own, lawyers led by Leigh Day & Co. said.

Tags: Asbestos, Class Action, International

March 5, 2013

The Less-Than-Filling Claims Against Anheuser-Busch

WSJ.com Law Blog | March 5, 2013

First our subs are too short. Now we’re told our beer is too watery. It’s enough to make you suspect a corporate conspiracy to make us thinner.

Tags: Class Action, Lawsuit Abuse Impact

March 4, 2013

$1 bn Black Saturday class action opens

Australian Financial Review | Subscription Required | March 4, 2013

The results of the court case, the nation's biggest, will be felt by governments, utilities and possibly even consumers, writes Mathew Dunckley.

Tags: Class Action, International

March 1, 2013

Wage-and-hour cases likely to rise in 2013, law firm says

ThomsonReuters | March 1, 2013

Settlements in litigation involving wage-and-hour disputes rose in 2012 and employers should continue to expect more filings of these cases in 2013, according to attorneys for the law firm Seyfarth Shaw, which represents corporations in labor and employment matters.

Tags: Class Action

Class action lawsuit filed against Citizens

Miami Herald | March 1, 2013

A potential class-action lawsuit filed against the state-backed Citizens Property Insurance Corp. alleges the company purposefully deprived customers of windstorm mitigation discounts through an arbitrary re-inspection program that lawyers estimate has cost customers nearly $200 million in lost credits.

Tags: Class Action, Florida

February 28, 2013

High Court Allows Amgen Suit

Wall Street Journal | Subscription Required | February 28, 2013

The Supreme Court on Wednesday cleared the way for a securities-fraud lawsuit alleging Amgen Inc. played down safety concerns about two drugs used to treat anemia.

Tags: Class Action, Securities Litigation