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Class Action Settlements

Class Action Settlements

Class action lawsuits that have settled or have proposed settlements. If a class action lawsuit settles, the court will hold fairness hearings to ensure the terms of the settlement are fair to all class members. There are usually two fairness hearings—the first is the "Preliminary Approval" hearing. After that hearing, a Notice of Proposed Settlement is sent out to class members. A Final Fairness Hearing follows at which class members can voice their opinions about the settlement. After that, a deadline is set for class members to submit claims. Lawyers click here to submit your settlements and verdicts to have them published for free.

  • EV Classic Senior Floating Rate Fund Securities Fraud Class Action Settlement
    EV Classic Senior Floating Rate Fund Securities Fraud Class Action Settlement
    March 7 2006

    A securities fraud class action lawsuit was filed on behalf of all those who purchased shares between May 25, 1998 and March 15, 1999 or between March 13, 2000 and March 2, 2001. A $10.5 million proposed class action settlement has been...

  • Textron Inc. Securities Fraud Class Action Settlement
    Textron Inc. Securities Fraud Class Action Settlement
    March 7 2006

    A securities fraud class action lawsuit was filed on behalf of all those who purchased or otherwise acquired Textron securities during the period from October 19, 2000 through September 26, 2001. A $7 million class action settlement has been...

  • Morgan Stanley California Unpaid Overtime Settlement
    Morgan Stanley California Unpaid Overtime Settlement
    March 6 2006

    A class action lawsuit was filed against the brokerage firm for allegedly failing to pay overtime to its brokers and financial advisor trainees. The lawsuit also claimed Morgan Stanley made improper salary deductions from more than 4,000 current...

  • Leadis Technology Inc. Securities Fraud Class Action Dismissed
    Leadis Technology Inc. Securities Fraud Class Action Dismissed
    March 3 2006

    Shareholders tried to file a securities fraud class action lawsuit against the mixed-signal semiconductor provider and certain of its current officers and directors. The complaint alleged Leadis violated Sections 11 and 15 of the Securities...

  • Marsh & McLennan Cos. Securities Fraud Class Action Dismissed
    Marsh & McLennan Cos. Securities Fraud Class Action Dismissed
    March 3 2006

    Shareholders tried to file a class action lawsuit against the company for allegedly failing to disclose improper trading at its Putnam Investments unit which enabled Marsh stock to trade at inflated levels for a certain period. The class...

  • AK Steel Corp. Employee Pension Class Action Settlement
    AK Steel Corp. Employee Pension Class Action Settlement
    March 3 2006

    A class action lawsuit was filed against the company regarding pension benefits. The suit was filed on behalf of 1,250 former employees who were retired or terminated after January 1, 1995 and received their pension benefits by April 1, 2005...

  • CMS Energy Corp. Employee 401k Class Action Settlement
    CMS Energy Corp. Employee 401k Class Action Settlement
    March 2 2006

    Employees filed two class action lawsuits against the company regarding 401k stock losses during the 2000-2001 energy trade controversy. CMS has agreed to pay a $28 million class action settlement to the employees and their beneficiaries for...

  • New York City Inmate Abuse Class Action Settlement
    New York City Inmate Abuse Class Action Settlement
    March 2 2006

    A class action lawsuit was filed against the city on behalf of inmates alleging a pattern of excessive force by jail guards. The city has agreed to pay a $2.2 million settlement to 22 plaintiffs for violent encounters with guards. Under the...

  • West Pharmaceutical and Thomas Clagon Plant Explosion Class Action Dismissed
    West Pharmaceutical and Thomas Clagon Plant Explosion Class Action Dismissed
    March 2 2006

    In March 2003 an explosion at the rubber plant in Kinston killed six people and injured 38 more. An investigation by the U.S. Chemical Safety Hazard Investigation Board surmised that a spark created a dust explosion among fine particles of...

  • Wachovia Corp. Shareholder Class Action Dismissed
    Wachovia Corp. Shareholder Class Action Dismissed
    March 1 2006

    In 1999, shareholders tried to file a class action lawsuit against the financial corporation alleging violations of federal securities law involving the 1998 acquisitions of CoreStates Financial Corp. and The Money Store Inc. An amended...

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