Former Herbalife distributors who objected to an approved
class-action settlement have asked a federal judge in Los Angeles to reconsider
her decision.
Herbalife Ltd. last year agreed to reserve US$15
million for distributors and abide by other terms including a number of
corporate reforms to settle a class-action lawsuit that alleged the multilevel
marketer (MLM) was a pyramid scheme.
Judge Beverly Reid O’Connell concluded in May that the
settlement was fair, adequate, and reasonable. But lawyers representing 18
distributors who previously objected to the agreement aren’t done
contesting its adequacy. A motion for reconsideration was filed Wednesday,
asking the judge to vacate the final judgment and order of dismissal in the
case.
Massachusetts lawyer Douglas Brooks argued the notice to the
class was inadequate and that the named plaintiffs in the lawsuit didn’t have
the right or “standing" to seek injunctive relief because they are no
longer active participants in the MLM. And the judge erred by failing to independently
evaluate the value of the plaintiffs’ lawsuit, according to Brooks’ 29-page
memorandum.
Apple Store employees who sued Apple Inc (AAPL.O)
over bag searches at the iPhone maker's 52 brick and mortar outlets in
California had their case certified as a class-action by a federal judge on
Thursday.
The ruling, from U.S. District Judge William Alsup in San
Francisco, is part of a 2013 lawsuit alleging Apple should compensate thousands
of store employees for the time taken to search their bags to ensure they did
not steal any merchandise.
At least two Apple retail store workers complained directly
to Chief Executive Tim Cook that the technology company's policy of checking
retail employees' bags as a security precaution was embarrassing and demeaning,
according to court filings made public earlier in the case.
Lawsuits certified as class actions allow plaintiffs to sue
as a group and generally give them more leverage to negotiate a settlement.
Class members in the bag search case include more than 12,000 current and
former employees, the ruling said.
A MULTI-MILLION dollar class action has kicked off against
the firm overseeing collapsed property lender Wickham Securities, marking the
latest lawsuit targeting alleged breaches of trustee duties.
Brisbane-based Wickham lent money to property developers at
sky high interest rates, having taken money from investors to pour into real
estate. Overseeing Wickham was Sandhurst Trustees, owned by Bendigo and
Adelaide Bank.
But Wickham went bust in December 2012, owing at least $28
million. Now Shine Lawyers has filed a lawsuit on behalf of roughly 150
investors, mostly elderly retirees representing about $22 million, alleging
Sandhurst fell short of its responsibilities.
“The commencement of proceedings is really the most
significant step we can take,” Shine lawyer Jan Saddler said.
Sandhurst, which has previously denied failing to exercise
its duties, declined to comment.
SAN DIEGO, Jul 17, 2015 (BUSINESS WIRE) -- Robbins Geller
Rudman & Dowd LLP announced a $388 million recovery on behalf of a class of
investors in nine 2007 residential mortgage-backed securities (MBS)
offerings issued by J.P. Morgan – bringing to a successful conclusion one of
the last remaining MBS purchaser class actions arising out of the global
financial crisis. The settlement represents, on a percentage basis, the largest
recovery ever achieved in an MBS purchaser class action.
“We’re pleased with the record-setting recovery for our
participants and the class,” stated Ed Smith, Fund Manager for lead plaintiff
Laborers Pension Trust Fund for Northern California. “Our lawyers at Robbins
Geller were tireless in their efforts, and the result is a significant victory
for the class.”
Lead plaintiffs and court-appointed class representatives
Laborers Pension Trust Fund for Northern California and Construction Laborers
Pension Trust for Southern California played a key role in achieving the
remarkable result, said Robbins Geller partner Luke
Brooks, one of the lead attorneys on the case. “We couldn’t have achieved such
a stellar recovery without the leadership of the Northern and Southern
California Laborers Pension Funds,” Brooks said. “These Funds not only stepped
forward to protect their participants’ hard earned retirement savings, but
equally important they committed themselves to the trial of this action, which
allowed us to maximize the recovery for the class.”
A federal judge approved a $60 million settlement for
college athletes in a class-action lawsuit filed against the NCAA and
video-game maker Electronics Arts.
Steve Berman, a Seattle-based
attorney for the plaintiffs confirmed Friday that U.S. District Judge Claudia
Wilken had approved the settlement during a hearing Thursday. Wilken also ruled
against the NCAA in the O'Bannon case, which challenges the NCAA's use of the
names, images and likenesses of college athletes. That ruling is being appealed
by the NCAA.
The plaintiffs in the case
against the NCAA and EA claimed they illegally used college football and
basketball players' names and likenesses in video games for years. Players who
have appeared in EA's NCAA football and basketball games have until July 31 to
make a claim as part of the settlement.
"This landmark decision marks the first time
student-athletes will be paid for the likeness or image, and stands as a huge
victory in the ongoing fight for student-athletes' rights," Berman said in
statement.
Berman said the maximum an individual can claim from the
settlement is $7,026.
NEW YORK: TD Bank has agreed to pay US$20 million to settle
a class action lawsuit accusing it of aiding a Ponzi scheme that allegedly
bilked over a thousand European investors of more than US$223 million, a lawyer
for the investors said on Friday.
The preliminary settlement, subject to court approval,
resolves accusations that TD Bank, part of Canada's Toronto-Dominion Bank ,
failed to properly monitor trust accounts that held investors' money and
ignored its duty to investigate suspicious activities under U.S. anti-money
laundering rules.
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