Breaking News

Aequitas Investors Settle Securities Class Action in Oregon

Plaintiffs in a class action have entered into a settlement with a number of third parties who are alleged to have participated in or materially aided sales of securities by the now-defunct Aequitas companies of Lake Oswego, Oregon. The settlement totals $234.6 million and is on behalf of approximately 1,600 investors. It is believed to be the largest settlement of a securities lawsuit in Oregon history. The complaint in the class action lawsuit alleges that

Categories: Breaking News, Class Actions of Interest, Class Actions Blog
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Discrimination Class Action Against Airbnb in Oregon is Allowed to Proceed

Oregon federal district judge Michael Simon denied a motion to dismiss an Oregon class action lawsuit that alleges Airbnb allows discrimination against black users. The lawsuit contends the vacation rental website, which connects homeowners with travelers looking to rent a room, allows the homeowners to discriminate by requiring would-be guests to register with their full name and a photograph. Since the lawsuit was filed, the company changed the policy to only allow homeowners to see

Categories: Breaking News, Class Actions of Interest, Consumer Protection, Class Actions Blog
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Republicans move to invalidate new CFPB rule banning forced arbitration

On July 20, 2017, Congressional Republicans began a process to attempt to eliminate a Consumer Financial Protection Bureau rule that stops companies from putting class action bans in their arbitration clauses and makes it easier for consumers to sue banks, credit card firms, payday lenders and other service providers in court.

Categories: Breaking News, Class Action Facts, Legislation, Consumer Protection, Forced Arbitration
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BBC World News connects passenger being dragged off of United Airlines plane to unequal bargaining power between consumers and corporations in America as a result of forced arbitration clauses

On the April 11, 2017, BBC World News Program, the announcer told a reporter for the Atlantic that traditionally in the United States, if a group of consumers were being treated unfairly by a large corporation, it might result in a lawsuit.

Categories: Breaking News, Consumer Protection, Forced Arbitration
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