January 27, 2010 |
Agreeing to settle 29 class-action lawsuits alleging predatory lending, the Ameriquest group of subprime lenders has pledged $22 million to repay aggrieved borrowers and their lawyers -- a fraction of its payments in previous suits before it shut down as the mortgage meltdown set in. The agreement potentially affects 712,000 borrowers from what once was the nation's largest subprime lender, based in Orange County. Many of the loans were from Argent Mortgage Co., an arm that funded borrowers through mortgage brokers.
February 16, 2009 |
A federal appeals court has granted Wal-Mart Stores Inc. a new hearing to decide whether plaintiffs grouped in a nationwide class-action case will instead be required to file separate lawsuits. A majority of judges on the 9th U.S. Circuit Court of Appeals said the issue should be heard by an 11-judge panel, but a hearing date has not yet been determined. Six female employees sued the Bentonville, Ark.-based company in 2001, saying they were paid less than men and promoted less frequently.
CALIFORNIA | LOCAL
May 19, 2009 |
The California Supreme Court revived a major class action lawsuit against the tobacco industry Monday, ruling that smokers could hold it accountable for alleged deceptive advertising. After years of consumer cases meeting their demise in lower courts, the state high court's 4-3 decision helped resuscitate a key consumer law that voters sharply limited in 2004 in the wake of lawsuit scandals. Justice Carlos R.
CALIFORNIA | LOCAL
October 24, 2009 |
Legal action is already underway for the 206 patients who received overdoses of radiation from CT brain scans at Cedars-Sinai Medical Center. But a class-action lawsuit filed this week on behalf of the victims has little chance of succeeding, several experts said. "This is the kind of case that the medical liability system doesn't help us with," said Tom Baker, a professor at the University of Pennsylvania Law School. The problem is that the damage from the scans is uncertain.
June 21, 2011 |
Women and minorities who think they are underpaid will find it nearly impossible to band together to sue employers for discrimination under a Supreme Court ruling against 1.5 million female Wal-Mart employees in the most important job-bias case in a decade. Only if there is proof a company has a policy of paying less to women or minorities can the employees get together in a class-action suit, the court said in an opinion Monday by Justice Antonin Scalia. Statistics showing that a company's female workers earn far less and get fewer promotions than men will not suffice, the court said.
April 9, 2003
Some lawyers representing consumers and injured workers in large class actions have taken advantage of their clients. No big shock there. They have paid themselves multimillion-dollar fees and, in doling out settlement funds, overcompensated workers with minimal injuries, often at the expense of those more severely injured. However nasty these excesses, they do not mean that class-action lawsuits should be severely limited, as proposed by Sens. Charles Grassley (R-Iowa) and Herb Kohl (D-Wis.).