U.S. Secretary of Labor Thomas Perez vowed a “Top-to-Bottom” review of whistleblower complaints filed by Wells Fargo employees over the last six years.
Class Action Against Wells Fargo Alleges That 5000 Employees Who Did Not Meet Cross-Selling Quotas Were Wrongfully Terminated
On September 22, 2016, two former employees filed a class action complaint against Wells Fargo in the Superior Court of California, Los Angeles, contending that Wells Fargo implemented a fraudulent scheme to increase its stock price by aggressively pushing employees to open new accounts to increase their “cross-sell numbers” while the bank did not have appropriate mechanisms in place to determine whether the new accounts were legitimate or not.
In a recent development in data breach class actions in Canada, Justice Perell of the Ontario Superior Court of Justice, while approving the class settlement in Lozanski v The Home Depot, Inc., denied payments sought by the representative Plaintiffs (the “Honoraria”) and substantially reduced counsel fees payable pursuant to the settlement.
Court in LendingClub Class Action Requires Due Diligence by Lead Plaintiff Before Approving Lead Counsel
In a recent decision in the now-consolidated LendingClub class action cases, Judge William Alsup of the Northern District of California appointed a lead plaintiff but unexpectedly declined to appoint lead counsel at the same time.
Class actions involving the Telephone Consumer Protection Act of 1991 (TCPA) are nothing new.
On Tuesday, September 20, 2016, a federal judge in California granted approval of the $68 million settlement between LifeLock and a class of plaintiffs that alleged it made false statements about the services it provides to consumers that it will alert them of possible identity theft as soon as possible.
Should a court hear from a defendant before approving third party funding of a class action against that defendant?
The gloves are off in a lawsuit in the Southern District of New York where an insurer and an oil and gas company disagree about whether the company’s insurance policy covers claims that fracking causes earthquakes.
Class actions have long been a feature of the US legal landscape. But until October 2015 there was no genuine “class action” procedure in the UK.