Class Action News
February 22, 2013
American Lawyer | Subscription Required | February 22, 2013
Last fall, we asked if time was on Wal-Mart's side as it battles the spate of regional sex discrimination class actions that were filed in the wake of the U.S. Supreme Court's decision in Wal-Mart v. Dukes. The company and its lawyers at Gibson, Dunn & Crutcher certainly think it is, and now they've gotten a second judge handling one of the mini-Dukes cases to agree.
Tags: Class Action
ThomsonReuters | February 22, 2013
Charles Schwab Corp. can ban its clients from bringing class-action lawsuits, a securities industry regulatory panel ruled Thursday in a sweeping decision that is likely to influence other U.S. brokerage firms to follow Schwab's policy.
February 21, 2013
Investor’s Business Daily | February 21, 2013
On Feb. 27, the Supreme Court will hear arguments in American Express v. Italian Colors Restaurant. AmEx is hoping the court will enforce a contract requiring its retail customers to arbitrate disputes. And, as has been the recent practice when the Supreme Court hears an arbitration case, an array of Chicken Littles are suggesting that a Supreme Court decision enforcing the contract will result in the end of the class action.
New Report - Class Actions, Arbitration, and Consumer Rights: Why Concepcion is a Pro-Consumer DecisionPoint of Law | February 21, 2013
In a newly released legal policy report, "Class Actions, Arbitration, and Consumer Rights: Why Concepcion is a Pro-Consumer Decision," Ted Frank, adjunct fellow with the Manhattan Institute's Center for Legal Policy and editor of Point of Law, outlines why fears of the effects of pro-arbitration rulings are overstated.
American Lawyer | Subscription Required | February 21, 2013
Plaintiffs lawyers at Robbins Geller Rudman & Dowd revealed in court papers on Tuesday that they'd reached a $19.5 million settlement with Lockheed Martin in a securities class action over the company's financial disclosures.
National Law Journal | Subscription Required | February 21, 2013
The New York courts haven't been friendly to a spate of fraud class actions targeting law schools, but the attorneys behind the suits aren't throwing in the towel just yet.
February 20, 2013
American Lawyer | Subscription Required | February 20, 2013
Ted Frank, the crusader for class action reform, has torpedoed a deal that would have paid $3 million to a class of consumers, more than $14 million to plaintiffs lawyers, and roughly $18 million to charities designated by the parties.
Point of Law | February 20, 2013
The McDonough v. Toys'R'Us settlement paid less than $3M to the class, but the attorneys collected $14M, a figure they justified by pointing to as-yet-undetermined cy pres recipients that would receive a chunk of money (the size of which hasn't been disclosed, either).
February 19, 2013
American Lawyer | Subscription Required | February 19, 2013
On Thursday, a U.S. district court judge refused to reconsider his earlier decision allowing a purported class action to proceed against The Bank of New York Mellon Corporation over its role as trustee to Countrywide Financial Corporation. The pension funds bringing the suit have accused BNY of failing to stem Countrywide's collapse due to overexposure from mortgage-backed securities.
February 13, 2013
Legal Newsline | February 13, 2013
Supreme Court Justice Courtney Hudson Goodson reported late last month that she received a trip worth $50,000 to Italy in 2012 from plaintiff attorney W.H. Taylor, a friend of her class action attorney husband John C. Goodson.
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