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Bank of America must be used to shelling out billions to settle class-action lawsuits by now. One settlement involving the company in 2012 stipulated it reimburse shareholders $2.43 billion for ...
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
Coupon settlements may be audited by an independent expert before judicial approval to ensure that the settlement will be of value to the class members (28 U.S.C.A. 1712(d)). In the United States, federal courts must hold a hearing and make specific findings that the coupon settlement is fair, reasonable, and adequate and that the class members ...
contracts that exclude class action arbitration: Supreme Court of the United States: 2011 Merrill Lynch, Pierce, Fenner & Smith, Inc. v. Dabit: SLUSA preempting state law class action claims: Supreme Court of the United States: 2006 West v. Randall: required parties to class action: United States Court of Appeals for the First Circuit
Also, as of early September 2014, the defendants had re-entered mediation to determine whether a new settlement could be reached. [22] A final approval hearing was held on July 9, 2015. [23] On Wednesday September 2, 2015, Judge Lucy H. Koh signed an order granting Motion for Final Approval of Class Action Settlement. [24]
Artsana, a maker of child car booster seats, last year agreed to settle claims that it had misled customers about how to use its products, offering $50 to people who had bought Chicco-brand seats.
LensCrafters is an international retailer of prescription eyewear and prescription sunglasses. Its stores usually host independent optometrists on-site or in an adjacent store. The company has its corporate headquarters in Mason, Ohio , a suburb of Cincinnati in the US.
Oracle America agreed to settle a class-action lawsuit in May for $115 million over allegations that the company was tracking user activity online and offline, according to a complaint filed in a ...