An ongoing lawsuit against the Nam Tai Electronics (NTE on the NYSE) seeks consolidation and certification as a class action lawsuit in a Vancouver, BC, court as reported by First Call: The initial complaint in the Rocco Action was filed on February 20, 2003. In July 2003, this initial complaint was consolidated with another complaint…
Monthly Archives: July 2005
IBM Sued
If you bought IBM stock January 19, 2005 through April 14, 2005, you should know about a class action lawsuit that was filed in the United States District Court for the Southern District of New York on behalf of all purchasers of the common stock of the International Business Machines Corporation. The complaint charges IBM…
Lawyer: Merck Downplayed Vioxx Safety
Here’s the latest news on the first Vioxx trial: ANGLETON, Texas – The plaintiff’s lawyer in the country’s first Vioxx-related civil trial grilled Merck & Co.’s top epidemiologist Wednesday about whether Merck deliberately minimized the drug’s safety issues while promoting it to doctors in 2000. Mark Lanier, who represents the widow of a Texas man…
Ortho Evra manufacturer faces class action lawsuit
Ortho Evra manufacturer Ortho McNeil is facing a class action suit over its birth control patch. The suit was filed by 10 women on Monday. The women, who all suffered from strokes or serious blood clots, described the drug as “unreasonably dangerous,” and “defectively designed,” according to a CNN report. The women, ranging in age…
De Beers slapped with a suit
De Beers of Luxembourg, the world’s largest diamond miner, is in trouble. Again. Attorneys Stephen Tillery, Donald Flack and Eugene Barash of Korein Tillery of St. Louis–heavyweights among class action plaintiffs’ attorneys–filed suit against De Beers Feb. 17, the day before President George W. Bush signed the Class Action Fairness Act into law on behalf…
Take-Two Sued Over Grand Theft Auto Scenes
The lawsuit, filed on Wednesday, “is seeking class-action status for purchasers of the games”: The plaintiff, Florence Cohen, claims in her lawsuit that she purchased the game for her teenage grandson in or about late 2004 when the game was rated “M” for mature by the Entertainment Software Ratings Board and was damaged when it…
Class actions moved to federal courts
Here’s part of a recent article about the class action reform legislation that was signed into law by Bush several months ago: The class action reform legislation transfers most large class action suits from state courts to federal courts. Any suits filed before Feb. 18, when the legislation was signed into law, will remain where…
DaimlerChrysler Settles Lending Bias Class Action
“The world’s fifth largest carmaker” is about to settle a lending bias class action lawsuit: DaimlerChrysler AG’s U.S. consumer credit unit settled a nationwide class action lawsuit that claimed its lending practices discriminate against black and Hispanic car buyers. DaimlerChrysler Services North America will limit the amount dealers can mark up interest rates and will…
Visa, MasterCard suit dismissed
Karen Gullo of the Bloomberg News is reporting that a federal judge has “dismissed a lawsuit against Visa USA Inc., MasterCard International Inc. and three banks brought by merchants who accused the companies of fixing transaction fees in violation of antitrust law.” U.S. District Judge Jeffrey White in San Francisco said the facts don’t support…
Liberty Life sends minorities settlement checks
Liberty Life will be paying for its discriminatory policies… CHARLESTON, S.C. – An Upstate life insurance company has begun paying a multimillion dollar settlement to minority policyholders who paid more for premiums than whites. Liberty Life Insurance Co. expects to pay $11 million to minorities in 24 states as part of a settlement spearheaded by…