Bernard Ebbers, former chief of WorldCom, “will pay $5 million and transfer nearly all his assets into a liquidation trust to settle civil charges related to the company’s accounting fraud” if the settlement is approved by a federal judge. Here’s more from the AP article: Federal prosecutors said the trust, which would sell off Ebbers’…
Monthly Archives: June 2005
Class Action Filed Over Hacking of Credit Card Data
On Tuesday, BusinessWire published an article regarding Rothken Law Firm Announcing Class Action Filed Over Hacking of Credit Card Data: SAN RAFAEL, Calif.–(BUSINESS WIRE)–June 28, 2005–Rothken Law Firm announces a class action lawsuit was filed today by California credit card holders and merchants against Cardsystems Solutions, Inc. and others alleging a failure to maintain adequate…
Daimler-Chrysler settles in IL & NJ
An AP article from ABC7Chicago.com is saying that Daimler-Chrysler has settled lending bias cases in Illinois and New Jersey: Daimler-Chrysler’s North American financing arm has tentatively settled class-action lawsuits brought by minority customers in Chicago and New Jersey. Those customers alleged that there was racial bias in the automaker’s lending policies. Daimler-Chrysler Services North America…
Suit Filed Against Hawaii’s Largest Funeral Business
A class action suit has been filed against Hawaii’s largest funeral services business: The suit was filed against RightStar, its officers and former trustees. RightStar owns and operates Valley of the Temples on Oahu, Kona and Homelani Memorial on the Big Island and Maui Memorial. Among its trustees is former Gov. John Waihee. The suit…
Milberg Weiss under investigation
Newsday.com is reporting that “class action behemoth” Milberg Weiss is now being probed by the federal government: After decades of going after big corporations for fraud and corruption, Milberg Weiss Bershad & Schulman now finds itself under investigation. A pioneer in class-action litigation, Manhattan law firm Milberg Weiss is caught up in a federal probe…
Entertainment Industry victorious, thanks to Supreme Court
Here’s part of an article from 7DAYS regarding a recent Supreme Court ruling: Steve Jobs must be beside himself with joy. As if sales of his mighty iPod were not already spectacularly high, they are now set to go through the roof thanks to a landmark victory for the entertainment industry in its war against…
Possible class action against dairy industry
CNN is reporting that an advocacy group called PCRM, upset over ads claiming that milk aids weight loss, is waging war against the dairy industry: WASHINGTON (Reuters) – An advocacy group that has repeatedly tangled with the dairy industry launched a new attack Tuesday, filing lawsuits alleging false advertising for claiming that milk helps in…
Teen workers suing over forced fashion purchases
Teresa F. Lindeman of the Pittsburgh Post-Gazette recently wrote about the many class-action suits now being brought against retail clothing chains: Turns out there is a fine line between hiring people who love the clothes, buy the clothes and sell more by serving as unofficial clothing models, and creating an environment where workers earning barely…
High court agrees to review gas-fixing case
The Supreme Court has agreed to consider dismissing a suit accusing ChevronTexaco and Shell Oil of improperly inflating gasoline prices in the late 1990s. Justices will review a lower court ruling that allowed the class-action lawsuit by 23,000 gas station owners to proceed. The lawsuit accuses Shell and Texaco of setting up two joint ventures…