In a stunning ruling that could revolutionize college sports, a federal agency said Wednesday that football players at Northwestern University can create the nation’s first union of college athletes.
David Lazarus at the LA Times recently reported that the AT&T Mobile Insurance consumer contracts are deceptive.
The U.S. Supreme Court gave consumers a break by allowing them to proceed with class-action lawsuits alleging that millions of front-loading washing machines they bought suffered from mold or musty odors.
The Cincinnati Bengals organization was sued in a putative class action in Ohio federal court alleging it denies its cheerleaders minimum wage, less than a month after current and former members of the Oakland Raiders cheer squad filed suit over similar allegations.
STOLL BERNE, an Oregon class action and securities fraud law firm, is investigating potential claims concerning whether Galena Biopharma, Inc. (“Galena”) (NASDAQ: GALE), its board of directors or officers violated state or federal securities laws, or breached fiduciary duties owed to shareholders.
The Pennsylvania federal judge overseeing the NFL concussion litigation refused to preliminarily approve the $760 million settlement agreement between the league and its former players, saying she was concerned there wasn’t enough money to properly compensate all class members.
Customers from Oregon, California, and Washington to Louisiana, Massachusetts and Rhode Island have filed would-be class actions in federal courts, alleging Target was negligent and did not protect their credit card information arising out of a security breach that began just before Black Friday.
The New York Times Editorial Board says the Consumer Financial Protection Bureau should ban forced arbitrations. They got that right! Here is the editorial.
On Tuesday, December 24, 2013, U.S. District Court Judge Michael Simon certified a class of persons with autism in a lawsuit against Providence Health Plan.
David Murdock struck a new $1.6 billion deal to acquire Dole Food Company, the company for which he currently serves as chairman and CEO.
Several leading banks including Barclays Bank PLC, Citibank NA, and JP Morgan Chase & Co. were accused of conspiring to control the credit default swaps (CDS) market, according to an antitrust lawsuit filed by LBBW Asset Management, a German Bank, in Illinois federal court.
South Korean flour mills will resume buying soft white wheat from the Pacific Northwest, the first major break in frozen export sales since genetically modified wheat plants were found growing in an eastern Oregon field this spring.
The nine-member U.S. Supreme court ruled in favor of American Express on a 5-3 vote, with liberal Justice Sonia Sotomayor recused, in a case by merchants seeking to recover damages for an antitrust violation.
Resolving a split in the circuits, a unanimous U.S. Supreme Court in Oxford Health Plans LLC v. Sutter found that courts should almost never vacate an arbitrator’s interpretation of an arbitration agreement as to whether or not the agreement provides for class-wide arbitration.
AMR Corp.’s American Airlines and U.S. Airways are joining forces in an $11 billion merger to create the world’s largest airline company. According to the terms of the deal, AMR bankruptcy creditors will own 72% of the new company while U.S. Airways shareholders will own 28%. Doug Parker, CEO of U.S. Airways, will continue to serve as chief of the new airline, while AMR CEO Tom Horton will become the non-executive chairman. Horton will get a performance
Dell has announced a private buyout deal valued at approximately $24.4 billion, which will be the biggest leverage buyout since the financial meltdown. Michael Dell, along with Silver Lake Management LLC, will offer $13.65 per share — a 25% premium to Dell’s trading price before rumors of the deal surfaced on January 11, but below the 52 week high of $18.32 per share. Microsoft Corporation will contribute $2 billion to the deal in an effort to
The United States Supreme Court granted certiorari in a case in which the plaintiff stipulated to less than $5 million in damages to deprive the federal courts of jurisdiction to hear the case under the Class Action Fairness Act of 2005 (“CAFA”). The case is entitled Standard Fire Insurance Company v. Knowles. The U.S. Supreme Court framed the issue to be decided as follows: Last term, this Court held that in a putative class action
The Consumer Financial Protection Bureau (CFPB), a government agency looking “to make markets for consumer financial products and services work for Americans,” recently announced the launch of a public inquiry into how consumers and financial services companies are affected by arbitration and arbitration clauses. Through the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, Congress requires the CFPB to study this topic and gives the CFPB the power to issue regulations for the
The Consumer Financial Protection Bureau (CFPB) today announced a proposed rule to include debt collectors and consumer reporting agencies under its nonbank supervision program. This would mark the first time these important and far-reaching consumer financial market participants are subject to federal supervision. “Consumer financial products and services have become more complex over the years and they have expanded well beyond traditional banks,” said Richard Cordray, CFPB Director. “Our proposed rule would mean that those
Two senators introduced a bill on October 4, to prohibit wireless companies from having clauses in contracts that prohibit consumers from suing the companies because of hidden fees or other contract disputes. Senators Richard Blumenthal of Connecticut and Al Franken of Minnesota introduced the measure, which would ban the common practice of putting clauses in wireless phone and data contracts that require consumers to use binding arbitration in the case of a dispute.
