Posts tagged "class action"

H.R. 1927: The Bill that Further Destroys Accountability for Big Business

Let’s be honest. Class action lawsuits get a bad rap, plain and simple. Over the years and increasingly more so in the recent past, journalists and bloggers have written pieces against these types of cases–cases that afford large numbers of people who have been defrauded, injured or harmed to be represented in civil lawsuits against large companies they would not otherwise be able to bring.

Paul Bland, …

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It’s Time to End Forced Arbitration

ForceArbIn 2002, the Motor Vehicle Franchise Contract Arbitration Fairness Act was signed into law by President Bush. The Act was touted as the biggest win for the National Automobile Dealers Association (NADA) in at least 50 years because it put an end to forced arbitration between the members of NADA and auto manufacturers. The car dealers were …

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UPDATE: Foreign Currency Exchange Class Action Lawsuit Gains Ground

World-thumb-178x178-34092Last Monday, a group of investors filed a consolidated complaint in a class action that accuses 12 big banks of manipulating the foreign currency exchange market.

As we reported previously, plaintiffs are suing Bank of America, Barclays, BNP Paribas, Citigroup, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, JPMorgan, Morgan Stanley, …

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Justices Consider Overturning Landmark Securities Ruling

fraudonthemarketLast week, the Supreme Court heard oral arguments in Halliburton Co. v. Erica P. John Fund, Inc. In the class action suit, Halliburton shareholders allege that the company falsified its financial records and misled investors about its exposure to asbestos claims, among other charges. And once the facts came to light, investors allege, the value of their …

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Foreign Currency Exchange Class Action Lawsuit Gains Ground

World-thumb-178x178-34092Foreign exchange traders buy and sell billions in currency every day, and their trades help set a benchmark that is used to value more than $3.6 trillion in funds held by pension plans, hedge funds, and other investment vehicles.

But foreign currency exchange (Forex) is vulnerable to exploitation because it …

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