A proposed class-action lawsuit alleging copyright infringement has been filed against YouTube and Google (the owner of YouTube since November of last year). The proposed lawsuit was filed on May 4th by Football Association Premier League of England and the music publisher Bourne Co. The companies allege that YouTube is slow to remove copyrighted material…
Category Archives: Financial Class Action Suits
Honda and Nissan Odometer Lawsuits
Have you been paying attention to your odometer lately? If you drive a Honda or a Nissan, hopefully you have been. These two car makers have been accused of designing cars with faulty odometers that rack up miles faster than they’re supposed to. The extra miles can affect a whole slew of things, from your…
Visa and MC will pay $336 million
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…
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…
$2 Billion AOL Settlement
A judge recently approved a $2.65 billion class-action settlement for AOL. Shareholders had “complained that AOL improperly accounted for dozens of advertising transactions, inflating revenue for 15 quarters between 1998 and 2002″ — prior to the AOL/Time Warner merger. According to the deal approved by [Judge] Kram, Time Warner will pay the bulk of the…
Supreme Court Makes It Harder for Investors to Sue
The high court has unanimously decided to made it harder for investors to join forces and file lawsuits against companies. In essence, the decision “blocks state class-action lawsuits by stockholders who contend they were tricked into holding onto declining shares.” Specifically, the court is saying that the 1998 Securities Litigation Uniform Standards Act permits suits…
Nortel may settle 2 class actions
AP is reporting that Nortel Networks has reached a tentative settlement deal: Telecom-equipment maker Nortel Networks Corp. said Wednesday it has reached a tentative agreement to pay $2.47 billion in cash and stock to settle two shareholder class-action lawsuits over the company’s accounting scandal. Nortel, which has been working to recover from the scandal that…
First payouts distributed in WWII ‘Gold Train’ case
USA Today is reporting that “the first payouts have been distributed from a $25 million settlement with Holocaust survivors who lost jewelry, artwork and other treasures when a Nazi “Gold Train” was commandeered by the U.S. Army during World War II.” The U.S. government settled the class-action lawsuit in September, and lawyers involved in the…