Here’s the latest in the ongoing DuPont saga from CNews: Federal regulators have reached an agreement with DuPont to settle allegations that the company hid information about the dangers of a toxic chemical known as C8 used in the making of Teflon. Lawyers for DuPont and the U.S. Environmental Protection Agency told an administrative law…
Monthly Archives: November 2005
European owner of Stop & Shop settles for $1.1 billion
Bloomberg.com is reporting that Ahold will pay $1.1 billion as part of a settlement: Royal Ahold NV, the Dutch owner of the Giant and Stop & Shop supermarket chains, agreed to pay $1.1 billion to settle a U.S. class-action lawsuit over the company’s false earnings statements. The accord will result in a third-quarter cost of…
Sluggish Netgear agrees to settle
Designtechnica News writer Geoff Duncan is reporting that Netgear will be settling its class action to the tune of $700K: Netgear has agreed to pay $700,000 (and offer some customers a 15 percent discount) to settle a class action suit over bandwidth claims in ads for its Wi-Fi products. In a filing with the Securities…
Kmart will settle for over $11 million
Kmart and employees have decided to settle for $11 million, according to Detroit Free Press staff writer David Ashenfelter: Up to 150,000 current and former Kmart employees who participated in Kmart pension plans before the company’s historic collapse will share $11.75 million under a proposed settlement of a lawsuit against the retailer’s former officers and…
Great Wolf Resorts securities suit
The Capital Times of Wisconsin is reporting that Great Wolf Resorts now faces a securities lawsuit: Madison-based Great Wolf Resorts has been hit with a class-action lawsuit accusing it of stock fraud in relation to the wide discrepancy between its projected and actual second-quarter earnings. The indoor waterpark resort developer saw its stock plunge by…
Update on the Fedex class action
We first blogged about the Fedex lawsuit back in May, and now the battle is being featured in Business Week: Back in 1996, when Roy Mason landed work as a delivery driver with Roadway Package System Inc., he liked the idea of being an independent contractor, instead of an employee. Although he drove exclusively for…
AspenTech settles for $5.6 million
According to Boston Business Journal, Cambridge-based Aspen Technologies Inc. will be settling an investor class-action lawsuit for $5.6 million. Oil, chemical and pharmaceutical companies use AspenTech’s software to monitor plant processes and head off problems in their supplier networks. In its fiscal first quarter, AspenTech lost $4 million on $60 million in revenue. One year…
Settlement reached in WV asbestos suit
According to AP writer Allison Barker, WVU will pay former and current employees as part of an asbestos class action settlement: West Virginia University has reached a settlement in a class-action lawsuit affecting up to 5,600 former and current employees who may have been exposed to asbestos, the school announced Tuesday. As part of the…
Florida families suing over Medicaid
Mark Hollis of the Orlando Sentinel reports that families in Florida are suing over Medicaid: Five Florida families filed a lawsuit in federal court in Miami on Monday demanding reform of the state’s Medicaid system and alleging that thousands of poor and disabled children aren’t getting the preventive health-care services to which they’re entitled. The…
Judge OKs class action suit against tech school
David Wickert of The News Tribune is reporting that a judge in Pierce County, Washington has “cleared the way for a class action lawsuit against a for-profit career school that closed last March amid allegations it preyed on low-income students.” Friday’s ruling means thousands of former students of the Gig Harbor-based Business Computer Training Institute…