Visa and MasterCard have agreed to pay $336,000,000 to “settle a class-action lawsuit alleging the credit card firms shortchanged US consumers in foreign currency transactions.” MasterCard International said in a filing with the Securities and Exchange Commission that its portion of the settlement was 72.48 million dollars and will be used to pay claims by…
Monthly Archives: July 2006
Microsoft to pay out $1.1 billion
Californians will soon to receive their delayed payments from a Microsoft antitrust class-action settlement, according to a recent CNN article: Beginning in August, Californians who have filed claims will receive vouchers that can be redeemed for cash during the next four years, said Richard Grossman, whose law firm represented plaintiffs in the class-action case. A…
Ohio workers’ comp bureau will pay $52 million
The Ohio Bureau of Workers’ Compensation agreed “to drop its appeal and pay $52 million awarded to injured state employees in a class-action lawsuit“: The bureau had argued that state laws prevented workers from being paid twice once by the state and once by insurance companies for the same injury. But the state Supreme Court…
Enron class action vs. Barclays dismissed
Looks like Barclays is in the clear: BERLIN Barclays P-L-C says a court in Houston has dismissed claims against it in a class-action lawsuit over its role in the Enron bankruptcy. The British bank today reports it received a court order dismissing claims against Barclays in the so-called Newby litigation. The suit alleges several banks…
Bacterial Outbreak in NY leads to class action
More than 3,000 people were sickened by a bacterial outbreak at a water-spray park last summer in New York. Now these people have the chance to join a class-action lawsuit against the state: Class-action status has been granted to a lawsuit filed against the state Department of Parks, Recreation and Historical Preservation. The suit allows…
$30.5 Million Settlement in Australia
Australia’s first-ever cartel class action has reached a $30.5 million settlement: The “vitamins class action” was initiated in the Federal Court, in Melbourne, against three of the largest foreign producers of vitamin C. The companies – Roche, BASF and Aventis – were accused of fixing prices for a range of vitamin products used for animal…
Best of Niner Niner July 06
Niner Niner, a collaborative weblog network, has over 25 great blogs and this “Best Of” highlights just a few of the posts that were written by some of the Niner authors, in topics that range from High Heels, Ajax, HIPAA Privacy Regulation to gadgets, books and health. In Ajax Blog, Sreejith introduces us…
Did Cingular Defraud Customers?
Cingular is accused of decieving customers when they bought out AT&T two years ago. Customers have complained that since that deal went through their service has gone downhill until they have been forced to switch plans and go with a Cingular plan which includes getting a new contract, phone and accessories and they say that…
Medicaid Citizenship Class Action Lawsuit
A lawsuit will be filed on July 1, 2006 by individuals who are upset about the new requirements put forth by Medicaid. To recieve benefits you have to show proof that you are a citizen of the United States and they have to be in by July 1.