Steve Larson has been representing investors, consumers and employees in class actions in Oregon for over 20 years. He is a shareholder at the law firm of Stoll Berne in Portland, Oregon.
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This blog is intended to provide information to the general public and to practitioners about developments that may impact Oregon class actions.
In an important decision for investors, the U.S. Supreme Court ruled on March 20, 2018, that state courts can continue to hear certain securities class actions brought under federal law.
Lawyers for the parties announced that they have agreed to a $1.51 billion settlement in the nationwide class action against Syngenta over its genetically modified corn seed.
The parties to a class action against Yahoo arising out of a data breach involving the personal information of 1.5 billion users announced a settlement of the claims of investors that the risks were not disclosed.
On February 26, 2018, a class action lawsuit was filed in Louisiana against several pharmaceutical manufacturers and distributors on behalf of babies born in Louisiana with opioid addictions.
A settlement of a class action against Facebook was preliminarily approved on February 26, 2018. The deal was reached to a securities fraud suit that had been certified as a class action.
According to an article in the publication called The Hill, President Trump’s appointee to the SEC suggested that the SEC may consider removing a ban that has been in place for years that has prohibited securities issuers from putting class action bans in their disclosures relating to IPO’s.
A proposed class of consumers that purchased automobiles have reached an $11 million settlement of their claims with Japanese auto parts maker Calsonic Kansei Corp. The complaint alleged that Calsonic was part of a conspiracy to fix prices for vehicle air conditioning systems.
Continental Automotive Electronics LLC has agreed to pay nearly $4 million to car buyers to settle antitrust claims related to multidistrict litigation over an alleged auto parts price-fixing scheme. The settlement relates to instrument panel clusters that the company sold for use in cars sold in the U.S.
LJM Preservation and Growth Fund lost 80 percent of its value betting the wrong way on market turmoil in the first week of February. Now, it has been named in a proposed securities class action alleging the company and its executives lied to investors about its strategy.
On February 5, 2018, Chiquita Brand International (“Chiquita”) announced that it had reached a confidential settlement agreement with plaintiffs in three cases consolidated into an MDL proceeding.
Jimmy John’s is a sandwich food chain. It requires franchisees to sign non-solicitation and no-hire agreements that prohibit franchisees from recruiting employees from other Jimmy John’s franchises.
On January 10, 2018, a complaint was filed on behalf of a putative class of subscribers to a defunct digital currency exchange called Vircurex in federal court in Colorado.
Investors in a class action against media analytics company comScore Inc. asked a New York federal judge on January 12th to approve a $110 million settlement.
A shareholder in Ogletree Deakins’ Orange County office has filed suit against the law firm alleging the firm’s male-dominated leadership disproportionately favors men over women in pay, promotions and business development opportunity.
Shareholders of Brazilian oil giant, Petrobas, have obtained a nearly $3 billion settlement of a class action alleging that the energy company concealed kickbacks that top officials and their political patrons received in exchange for directing Petrobras to buy and build production facilities at inflated prices.
A class action has been filed in California, January 3, 2018, less than 24 hours after Intel Corp. announced that patches to fix an alleged security defect in its chips could result in potential performance-slowing in its chips. The complaint alleges that Intel isn’t making customers whole with the patch because they’re getting a slower system than they bargained for.
An amended complaint was filed in California state court on January 3, 2018, adding a fourth named plaintiff and more specific allegations about the internet giant’s alleged methods for paying women less than men for the same types of work.
Affiliates of American Gypsum Co., National Gypsum Co. and PABCO Building Products LLC agreed to pay a class of direct purchasers $125 million to settle price-fixing claims in multidistrict litigation being overseen by a Pennsylvania federal court, class counsel said Tuesday.
A class action lawsuit has been filed in California federal court against Apple after the company admitted it slows down old iPhones with older batteries.
A proposed class action complaint filed in California federal court on December 20, 2017, alleges that T-Mobile, Amazon, and hundreds of other companies are discriminating against older workers by limiting the audience for their Facebook advertisements to only reach younger users.
