Class Action Lawsuit | featured news

Ten major banks and mortgage companies agreed Monday to pay $8.5 billion to settle federal complaints that they wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

Shares of Papa John's declined on Tuesday following news of class-action certification for a lawsuit that claims the pizza chain had unsolicited text messages sent to cell phones... Papa John's faces potential damages of more than $250 million. The plaintiffs may each potentially receive $500 or more in damages for each text message.

Bank of America announced on Friday that it would pay $2.43 billion to settle a class action lawsuit related to its acquisition of Merrill Lynch.

Citigroup said on Wednesday that it had agreed to pay $590 million to settle a class action lawsuit brought by shareholders who contended that they had been misled about the bank’s exposure to subprime mortgage debt on the eve of the financial crisis.

Wells Fargo Bank will pay at least $175 million to settle accusations that it discriminated against African-American and Hispanic borrowers in violation of fair-lending laws, the Justice Department announced Thursday.

Someone needs to send Sony the book "How to Win Friends and Influence People" because the company clearly isn't getting it. We can point to the whole rootkit fiasco, but who needs to look back that far when Sony's shenanigans never seem to stop?

The Supreme Court on Monday blocked the massive sex-discrimination case female employees brought against Wal-Mart in a decision that might make it harder to bring future discrimination lawsuits against large corporations. The court agreed unanimously that the Wal-Mart suit could not go forward as a class action that could affect as many as 1.5 million female workers, past and present. The decision was a huge win for Wal-Mart, which could have faced billions of dollars in damages and back pay.

HSBC agreed on Tuesday to pay $62.5 million to settle class action claims by investors in a fund that had invested with Bernard L. Madoff.

An MSNBC investigative report, and related lawsuit, claims that AT&T has “systematically overstated” the data usage of iPhone and iPad customers. Lawyers for the plaintiffs, seeking class action status, hired an independent computer firm to compare the actual amount data used by iPhone and iPad customers with the amount that AT&T bills users for.

It seems doubtful that this modest olive branch will stop the class action lawsuit dead in its tracks, and if Apple really wanted to make nice with irate customers they would give out bumpers to fix the antenna problem, but that’s also unlikely.