class action News

Directors & Officers Risk Landscape Shaped by Insolvencies, COVID, Activism: Allianz

While the COVID-19 pandemic presents risks for directors and officers (D&O), it is far from the only force these insureds and their insurers will be dealing with in the year ahead. Rising insolvency exposures, growing cyber security threats and persistent …

Seattle Scoffs at $650M PCB Class-Action Settlement for Bayer

Seattle scoffed at the $650 million Bayer AG agreed to pay to settle class-action claims by about 2,500 cities, counties and ports over pollution from polychlorinated biphenyl, or PCB, saying it plans to opt out of the deal. According to …

China Makes Investor Class Actions Easier in Crackdown on Corporate Fraud

China wants its army of mom-and-pop investors to take corporate fraudsters to task with landmark class action lawsuits, but heavy government involvement means they are not likely to be as common as in other legal systems, lawyers and investors said. …

Lawsuit Seeks $150M in Refunds from ComEd in Chicago

A class-action lawsuit seeks $150 million in refunds from ComEd for customer rate increases and other benefits the utility received from Illinois as part of an alleged bribery scheme. The lawsuit was filed this week in Cook County by three …

UCLA Gynecologist Hit with Class Action Lawsuit

Two women said in a federal class action lawsuit they were sexually assaulted by a former gynecologist who worked for the University of California, Los Angeles. The lawsuit states Dr. James Heaps sexually assaulted the women and made sexually inappropriate …

Oregon Man Files Class Action Against PeaceHealth over Billing

An Oregon man has filed what may be a first of its kind Medicare lawsuit against PeaceHealth, claiming the organization didn’t follow federal Medicare guidelines specific to Oregon and overbilled him for treatment. The Register-Guard in Eugene reported that Donald …

D&O Insurers Warned on Competitive Pricing, Troubling Claims Trends

Property/casualty insurers in the directors and officers (D&O) liability insurance market may find it more difficult to maintain underwriting performance in 2018 than in recent years, according to Fitch Ratings, as market pricing remains highly competitive and claims trends are …

Uber’s Bid to Pause Suit by California Drivers Group Rejected

Uber Technologies Inc. lost its bid to pause a lawsuit by California drivers demanding to be treated as employees that has grown dramatically in both size and potential liability. The U.S. Court of Appeals in San Francisco this week rejected …

Judge OKs $415M Settlement in Worker Suit Against Silicon Valley Giants

A U.S. judge has granted final approval to a $415 million settlement that ends a high profile lawsuit in which workers accused Apple, Google and two other Silicon Valley companies of conspiring to hold down salaries. The plaintiffs alleged that …

California Uber Drivers Get Class Action Status in Employment Suit

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 other hot startups dependent on similar service workers. Three …