class action News

Walgreens Reaches $105M Settlement with Shareholders

Walgreens Boots Alliance Inc. agreed to pay $105 million to settle a long-running class-action lawsuit accusing it of misleading shareholders about how rising generic drug prices and reimbursement pressures would hurt its pharmacy business. The preliminary all-cash settlement was filed …

Tesla Sued by Former Employees over ‘Mass Layoff’

Former Tesla Inc. employees have filed a lawsuit against the U.S. electric car company alleging its decision to carry out a “mass layoff” violated federal law as the company did not provide advance notice of the job cuts. The lawsuit …

Federal Judge Dismisses Claims That Linkedin Overcharged Advertisers

A US judge dismissed a lawsuit accusing Microsoft Corp’s LinkedIn of inflating the number of people who watched video ads so the networking platform could overcharge hundreds of thousands of advertisers. In a decision on Monday, U.S. Magistrate Judge Susan …

JPMorgan to Pay $60M to Settle Precious Metals Spoofing Lawsuit

NEW YORK — JPMorgan Chase & Co agreed to pay $60 million to settle class-action litigation by investors who accused the largest U.S. bank of intentionally manipulating prices of precious metals futures and options. The settlement disclosed on Friday stemmed …

Luckin Coffee Agrees to Settle Accounting Fraud Claims For $175M

NEW YORK — Luckin Coffee Inc reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue. Lawyers for the shareholders called the all-cash settlement, filed on Monday …

Philips’ Breathing-Device Lawsuits Over Toxic Foam Move Forward

Royal Philips NV will face more than 100 U.S. lawsuits gathered in a Pennsylvania court over its recall of more than 3 million devices used to treat sleep apnea that are linked to cancer concerns. Amsterdam-based Philips, maker of respiratory …

9th Circuit Rejects COVID Business Interruption Suit; Doesn’t Address Physical Presence Question

The 9th Circuit Court of Appeals ruled Friday that government orders that forced a business to shut its doors because of the COVID-19 pandemic did not cause a direct physical loss that was covered by its insurance policy. The decision …

2 Women Sue New Hampshire Over Youth Detention Center Abuse

CONCORD, N.H. (AP) — Two new lawsuits alleging abuse by New Hampshire youth detention center workers are the first from female accusers. The lawsuits filed Monday by Corrine Murphy and Natasha Maunsell are the latest in what is expected to …

Twitter Seeks to Settle 2016 Class Action Lawsuit For $800M

Twitter Inc said on Monday it would pay $809.5 million to settle a shareholder class action lawsuit accusing the social media company of deceiving investors about how often people used its platform. The settlement resolved a case that had been …

No Arbitration for OfferUp Vendor Accused of Violating Biometric Privacy Law

A London-based technology vendor that supplied face-recognition software to the OfferUp app cannot force a plaintiff to arbitrate his claim that the technology violated Illinois’ biometric privacy law, a federal appellate court ruled. A panel of the 7th Circuit Court …