Class Action
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Employees of BlackRock Inc. urged a California federal judge on Monday to allow them to proceed as two classes in their lawsuit alleging the investment firm violated the Employee Retirement Income Security Act and cost retirement plan participants more than $100 million… Read this piece in its entirety at Law360.
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PPG Industries has agreed to pay $25 million to settle claims it deceived investors by overstating certain financial results that the company alleges were the result of a minor accounting error, according to California federal court filings… Read this piece in its entirety at Law360.
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The Ninth Circuit on Thursday revived a proposed class action against Saks Inc. accusing the retailer of advertising “phantom markdowns” of Saks-branded products, saying the district court had jumped the gun with its ruling that the named plaintiff wasn’t an adequate class representative… Read this piece in its entirety at Law360.
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A Missouri federal judge on Friday gave an initial green light to a $15 million settlement between CVS unit Caremark and a group of customer telephone service representatives who said the company had stiffed them for the time they spent getting their computers up and running… Read this piece in its entirety at Law360.
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A litigation trustee urged a Delaware federal court on Friday to approve a $200 million settlement aimed at resolving part of a long-running fight over alleged fraudulent conveyance in the 2008 leveraged buyout of Tribune Media Co… Read this piece in its entirety at Law360.
Mike LaSusa 