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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.

  • Settlements and Verdicts: Erie Insurance Group
    Settlements and Verdicts: Erie Insurance Group
    September 11 2003

    A $6.25 million dollar settlement has been reached in the class action lawsuit filed against Erie Insurance Group on behalf of policyholders. The suit includes up to 600,000 plaintiffs, and claimed that the company had tried to approve the use of...

  • Settlements and Verdicts: Baan Company.
    Settlements and Verdicts: Baan Company.
    September 5 2003

    A $32.5 million settlement has been reached and is pending court approval in the class action lawsuit filed against Baan Company by investors. The class in the suit includes all persons who purchased securities of Baan between January 28, 1997...

  • Settlements and Verdicts: Green Tree Financial Corp.
    Settlements and Verdicts: Green Tree Financial Corp.
    September 5 2003

    A $12.5 million settlement has been reached and is pending approval in the class action lawsuit filed against Green Tree Financial Corp., formerly Conseco Finance Corp., by shareholders. The suit alleged that the company's stock was artificially...

  • Settlements and Verdicts: Thomas Stewart and Frank Russell Trust Company.
    Settlements and Verdicts: Thomas Stewart and Frank Russell Trust Company.
    September 5 2003

    A $1.95 million settlement has been approved in the class action lawsuit filed against Thomas Stewart and Frank Russell Trust Company on behalf of 1,600 past and present Services Group of America employees. The suit alleged that the Trust company...

  • Settlements and Verdicts: Bridgestone/Firestone North American Tire.
    Settlements and Verdicts: Bridgestone/Firestone North American Tire.
    September 5 2003

    A settlement has been given preliminary approval in the class action lawsuits filed against Bridgestone/Firestone North American Tire regarding the recall of Firestone ATX, ATX II and Wilderness AT in August 2000. Under the terms of settlement...

  • Settlements and Verdicts: Trans World Assurance Company.
    Settlements and Verdicts: Trans World Assurance Company.
    September 5 2003

    A jury has found in favor of Trans World Assurance Co. in the class action lawsuit filed against the company by policy holders. The decision states that the jury found that the company did not defraud its policy holders, made no...

  • Settlements and Verdicts: Bristol-Myers Squibb.
    Settlements and Verdicts: Bristol-Myers Squibb.
    September 5 2003

    A $62.5 million settlement has been reached in the class action lawsuit filed against Bristol-Myers Squibb, the manufacturer of the cancer-fighting medicine Taxol. The suit alleged that the company conspired to keep lower priced generic...

  • Settlements and Verdicts: Sprint, Qwest, Level 3 and WilTel.
    Settlements and Verdicts: Sprint, Qwest, Level 3 and WilTel.
    September 5 2003

    An estimated $142 million settlement has been approved in the class action lawsuit filed against Sprint, Qwest, Level 3 and WilTel. The suit was filed on behalf of approximately 360,000 landowners who own property where fiber-optic cables have...

  • Settlements and Verdicts: Brown & Williamson.
    Settlements and Verdicts: Brown & Williamson.
    September 5 2003

    A verdict has been found in favor of the defendants in the New Orleans Scott class action case filed against Brown & Williamson seeking free medical tests and smoking cessation aids for approximately one million smokers and former smokers. The...

  • Settlements and Verdicts: Turnstone Systems, Inc.
    Settlements and Verdicts: Turnstone Systems, Inc.
    September 5 2003

    A $7 million settlement has been granted preliminary approval in the securities class action lawsuit filed against Turnstone Systems, Inc. The suit was filed on behalf of persons who purchased common stock issued pursuant to the company's...

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