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Kweku Hanson#Class action lawsuit against Ocwen Federal FSB; Lead contamination in Washington, D.C. drinking water#Class-action lawsuit; Long-term effects of benzodiazepines#Class-action lawsuit; Lowe's#Lawsuits; MMR vaccine controversy#MMR litigation starts; Mannatech#Securities Exchange Act class-action lawsuit; Match.com#Controversy
A securities class action (SCA), or securities fraud class action, is a lawsuit filed by investors who bought or sold a company's publicly traded securities within a specific period of time (known as a “class period”) and suffered economic injury as a result of violations of the securities laws.
In 1995, Congress passed the Private Securities Litigation Reform Act (PSLRA), claiming that the class action device was being used to injure "the entire U.S. economy" through nuisance filings, targeting of deep-pocket defendants, vexatious discovery requests, and "manipulation by class action lawyers of the clients whom they purportedly represent."
A class action settlement occurs when a group of people bring a civil lawsuit against a company or organization. The company may negotiate a settlement and pay a large amount of money, which gets ...
Facebook recently paid 1.4 million Illinois residents $397 in 2022 as part of a class action lawsuit for facial recognition breaches through its “Tag Suggestions” feature, per CNBC.
The justices, who heard arguments in the case on Nov. 6, dismissed Facebook's appeal of a lower court's ruling that allowed a 2018 class action led by Amalgamated Bank to proceed.
The United States Securities and Exchange Commission has also filed a separate civil suit against him for stealing funds from an escrow account belonging to one of the firm's bankruptcy clients. An amended indictment on March 17, 2009, added an eighth count of money laundering to the charges and $700 million in forfeitures. From 2004 to ...
In April 2022, a group of plaintiffs filed a class-action lawsuit against the developers of Uniswap, the largest decentralized exchange, and its investors, which include a who’s who of venture ...