class actions News

Volkswagen to Settle UK ‘Dieselgate’ Class Action for $242 Million

Volkswagen settled its UK class action lawsuit for £193 million ($242 million) with more than 90,000 drivers impacted by the emissions scandal. No admissions of liability have been made by Volkswagen and the terms and conditions are confidential, according to …

Hedge Funds Turn Lawsuit Bets Into a $39 Billion Industry

Hedge funds, private equity and sovereign wealth funds are piling billions into the outcome of high stakes court cases at a faster rate than ever before. Litigation finance — the practice of paying legal fees up front with a promise …

Class Action Suit Filed Against S. Africa’s Tiger Brands After Deadly Listeria Outbreak

A class action lawsuit was filed on Thursday [March 29] against South Africa’s Tiger Brands, after one of the company’s food factories was linked to a listeria outbreak that has killed 180 people since early 2017, the lawyer running the …

S. Africa Class Action Planned Against Food Producer Tiger Brands After Listeria Outbreak

A human rights lawyer plans to launch a class action lawsuit against South African food producer Tiger Brands on behalf of the families of people who died and those affected by the worst listeria outbreak in history. South Africa’s health …

Trump Signs Order Curbing Consumer Class Actions Against Banks

President Donald Trump signed a Congressional resolution on Wednesday that lets banks block customers from filing class action lawsuits, partly delivering on his election campaign promise to lighten U.S. financial regulation. The White House confirmed Trump signed the resolution, which …

Equifax, Wells Fargo May Still Face Class Actions Despite Wall Street Arbitration Win

Not every financial firm will be able to reap the benefit of Wall Street’s victory in dismantling the threat of class-action law suits. The U.S. Senate killed a rule late on Tuesday that allowed consumers to band together to sue …

Congress Kills Obama Ban on Forced Arbitration in Battle Against Class Actions

Banks, credit card issuers and other financial companies will be able to block customers from banding together to sue over disputes, after the U.S. Senate on Tuesday narrowly killed a rule banning the firms from using “forced arbitration” clauses. Republican …

Trump Seeks 18 Month Delay, Rewrite of Parts of Fiduciary Rule

The Trump administration is moving to further delay part of an Obama-era rule to require brokers who offer retirement advice to put their customers’ interests ahead of their own. The U.S. Department of Labor said in a court filing Wednesday …

Class Action Settlements Topped $3 Billion in 2015: Cornerstone Research

There were 80 securities class action settlements approved in 2015, the highest number since 2010, and total settlement dollars rose to more than $3 billion, according to research by Cornerstone Research. The report, “Securities Class Action Settlements—2015 Review and Analysis,” …

Supreme Court Term Could Be Big for Business

Big business is urging the U.S. Supreme Court to curb class action litigation in a series of cases that dominate the nine justices’ business docket in the coming months. The court returns for its new term on Monday with three …