Litigation

Recent Posts

Judge Approves $730 Million Securities Settlement With Citigroup, Shareholders
Posted on 21 Aug 2013 by Timothy Raub

NEW YORK — (Mealey’s) A federal judge in New York on August 20 granted final approval of a securities class action settlement between investors and Citigroup Inc. and others, ruling that the terms of the settlement meet the statutory guidelines... Read More

Philadelphia Housing Authority, Others Settle Mold-Related Claims For $11.78 Million
Posted on 5 May 2010 by Lisa M. Hickey

PHILADELPHIA — (Mealey’s) The Philadelphia Housing Authority (PHA) and others on May 3 agreed to settle for more than $11 million claims alleged by a tenant that unsafe conditions, including mold contamination, in a home rented through a federally... Read More

Tribune Co., Former Employees Reach $32 Million Agreement On ERISA Claims
Posted on 20 Oct 2011 by James Cordrey

CHICAGO - (Mealey's) The Tribune Co., which is in Chapter 11 bankruptcy, announced Oct. 20 that it has reached a $32 million settlement with former employees who had sued the company alleging violations of the Employee Retirement Income Security Act... Read More

Wellnx Settles Slimquick Consumer Litigation
Posted on 4 Aug 2011 by Michael Lefkowitz

BOSTON (Mealey's) - Citing the risks of protracted litigation and the small recoveries likely to individual plaintiffs, the parties in litigation over Wellnx's diet supplements such as Slimquick and Liquid Hoodia in the U.S. District Court for... Read More

Capital One To Pay $10 Million To Settle APR Class Action
Posted on 14 Sep 2012 by Michael J. Lello

LOS ANGELES - (Mealey's) Capital One Bank NA USA has agreed to pay $10 million to resolve claims that it promoted its credit card services as offering low fixed annual percentage rates and then later abruptly increased them, according to a document... Read More

$37 Million Settlement Reached In Tronox Investor Class Action Lawsuit
Posted on 8 Aug 2012 by Timothy Raub

NEW YORK - (Mealey's) Shareholders and defendants in a securities class action lawsuit against a chemical company, certain of its officers and directors and others have agreed to a $37 million settlement of all federal securities law claims, according... Read More

Another Specialty Pharmacy Settles Exjade False Claims Allegations For $45 Million
Posted on 1 May 2015 by Tom Moylan

NEW YORK —(Mealey’s) Specialty pharmacy Accredo Health Group Inc. on April 30 agreed to pay $45 million to settle a whistle-blower’s allegations that its efforts to push prescriptions for the iron chelation drug Exjade resulted in false... Read More

Gulf Oil Spill Plaintiffs' Steering Committee Announces Finalized Settlement With BP
Posted on 19 Apr 2012 by LexisNexis Litigation Resource Community Staff

Joint Motions Seek Preliminary Court Approval NEW ORLEANS -- The Plaintiffs' Steering Committee (PSC) leading the litigation surrounding the 2010 BP Gulf Oil Spill announced April 18 that it has finalized its settlement with BP. The PSC has... Read More

AIG Securities Class Settles For $725 Million
Posted on 20 Jul 2010 by Dylan McGuire

NEW YORK - (Mealey's) American International Group Inc. (AIG) has agreed to pay $725 million to resolve a class action brought against it in a New York federal court by investors who allege that the company engaged in bid-rigging and accounting improprieties... Read More

$550M Settlement For Family Secured By Madoff Trustee
Posted on 8 Dec 2010 by Timothy Raub

NEW YORK -- (Mealey's) The bankruptcy trustee for the investment company once run by convicted Ponzi scheme operator Bernard L. Madoff has secured $550 million in a settlement with the family of one of Madoff's earliest investors, according to... Read More

A Dismissal And A Settlement In Failed Bank Shareholder Lawsuits
Posted on 20 May 2011 by Kevin M. LaCroix

One of the ways in which the current wave of bank failures is different from the failures during the S&L crisis is that this time around, by comparison to that prior period, a number of the bank closures have been accompanied by shareholder lawsuits... Read More

JPMorgan Agrees To Pay Nearly $700 Million To Settle Claims With Lehman Brothers
Posted on 3 Feb 2012 by LexisNexis Litigation Resource Community Staff

NEW YORK - (Mealey's) JPMorgan Chase Bank NA on Feb. 1 agreed to pay nearly $700 million to bankrupt Lehman Brothers Holdings Inc. (LBHI) that JPMorgan had been previously paid for "purportedly secured claims against LBHI on the basis that, as... Read More

E*TRADE Announces $79 Million Settlement Of Subprime Claims In Securities Lawsuit
Posted on 23 Dec 2011 by Timothy Raub

NEW YORK - (Mealey's) E*TRADE Financial Corp. has agreed to a $79 million settlement with investors to settle claims that it misrepresented the risk associated with its investment in subprime mortgage-backed securities in violation of federal securities... Read More