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.
Bondholders filed a class action lawsuit against Canada's largest telephone carrier regarding their decision to swap debt for common shares in 2002. After three years of legal battles, BCE and its insurers have agreed to pay $3 million in legal...
Shareholders tried to file a securities fraud class action against the shipping and transportation container company in the U.S. District Court for the District of New Jersey. A district court judge dismissed the class action lawsuit related to...
The potential securities fraud class action has been voluntarily dismissed without prejudice. The case was filed on August 3, 2005 in the U.S. District Court for the District of Columbia. (Aug-19-05) [font10>MARKET WIRE] Legal Help If...
As the company fell into bankruptcy protection and stocks plummeted, United Airlines filed a class action lawsuit against their employer. Workers alleged the plan was mismanaged and that its trustee, Boston-based State Street Bank & Trust Co...
Investors filed a class action lawsuit against the company which was acquired by Ariba Inc. in July 2004 for $500 million. The lawsuit claimed FreeMarkets inflated revenue from Visteon Corp. between July 24, 2000, and April 23, 2001. The suit...
Tennessee landowners filed a class action lawsuit against the company for allegedly polluting the Pigeon River near their homes. The Canton paper mill lies upstream in Western North Carolina and sends toxins and foamy, tea colored effluent...
Investors tried to file a class action against the voice over Internet protocol company for securities fraud. A Boston federal judge dismissed the lawsuit against Sonus and several of its executives. (Aug-17-05) [BOSTON BUSINESS JOURNAL]...
In January, a train crashed into parked railroad cars and ruptured a car carrying chlorine. It released a poisonous cloud that killed nine and injured 250 people; another 5,400 people were evacuated. A class action was filed against the railway...
California brokers filed a class action lawsuit against the brokerage for unpaid overtime. The lawsuit claimed Merrill violated federal law by failing to pay overtime to brokers and violated California law by forcing brokers to pay overhead...
Investors tried to file a class action lawsuit against the company for allegedly breaching its fiduciary duties in hiring and subsequently firing former president Michael Ovitz with a $140 million severance package. Mr. Ovitz only worked 14...
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