class action lawsuit News
Merck Will Pay $830M to Settle Securities Suit Over Recalled Heart Drug
U.S. drugmaker Merck & Co on Friday said it would pay $830 million to settle a federal class action lawsuit involving allegations the company failed to adequately inform investors about heart ...
Facebook Must Face Shareholder Class Actions Over IPO
A federal judge has certified two shareholder class actions accusing Facebook Inc of hiding concerns about its growth forecasts prior to the social media company's May 2012 initial public offering. ...
Chemical Giant DuPont Readies for 1st Trial Over Tainted Drinking Water
Chemical giant DuPont Monday will face the first trial in litigation from residents near one of its plants in West Virginia who have accused the company of sickening them by emitting a toxic chemical ...
Uber Drivers Gain Class Action Status in Employment Lawsuit
Uber drivers are entitled to class action status in litigation over whether they are independent contractors or employees, a key development in a case threatening Uber's business model and that of ...
CEO Personally Liable for $148M in Unfair Buyout: Delaware Judge
The billionaire chief executive of Dole Food Co. and his top lieutenant must pay $148.2 million of damages to shareholders they shortchanged when the produce company went private in 2013, a Delaware ...
Asiana Airlines Reportedly Faces New Class Action Suit Over 2013 Plane Crash
South Korea's Asiana Airlines Inc is facing a new class action suit from passengers on a plane that crashed in San Francisco in 2013 that seeks a combined $30 million in damages, a lawyer for the ...
Three Tobacco Companies to Appeal $12.5B Canadian Court Ruling
Three tobacco companies plan to appeal a C$15.6 billion ($12.5 billion) decision by a Canadian court in favor of smokers in class-action lawsuits. The Quebec trial court ruled that British American ...
JC Penney Faces Class Action Lawsuit Alleging Bogus Discounts
A federal judge has certified a class-action lawsuit that accuses J C Penney Co Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting good ...