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Part 7: Securities Fraud: When "good" Investments Disappear The nest egg stories Cases of investment and securities fraud come in many sizes. It is hard not to feel for middle aged and older individuals who have seen their life savings and pension investments shrivel or disappear while under the supposedly watchful eye of some third party.
Latest Lawsuit News & Legal Information
Navy Federal to Settle Overdraft Fees Lawsuit for $16 MillionAlexandria, VA The Eastern District of Virginia appears poised to approve a proposed settlement in a class action bank overdraft fees lawsuit originally filed against Navy Federal Credit Union in 2019. Under the terms of the proposed settlement, checking account customers at Navy Federal who were overcharged will have a common fund of $16 million to divide among themselves. The settlement is notable because class members need not file claims to receive compensation. The settlement fund will be automatically allocated among them according to a distribution plan set out in the agreement.
More Injectafer Lawsuits Alleging Hypophosphatemia – a Serious Health RiskConshohocken, PA Another Injectafer lawsuit filed in October 2020 joins numerous others filed since 2019, all claiming Vifor Pharma, Ltd., Daiichi Sankyo and its subsidiaries Luitpold Pharmaceuticals and American Regent failed to warn users about the risk of hypophosphatemia—a severe side effect whereby low phosphorous levels are caused by the multiple Injectafer injections.
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Zantac JUUL Mesh Hips Talc Roundup CA Labor? Hernia Mesh Lawsuits Tangled in DelaysConcord, MA Hernia mesh lawsuits filed against three medical device manufacturers have been delayed mainly because of the coronavirus pandemic, and bellwether trials have been delayed a few times already. Nearly 15,000 hernia mesh claims pending in the federal court system have been consolidated in three multi-district litigations (MDLs).
PFAS & PFOA Water Contamination and Firefighter Lawsuits on the RiseSanta Clara, CA Townships and municipalities nationwide are filing environmental lawsuits against manufacturers such as Raytheon Technologies, Chemours, DuPont and 3M Co. for adding PFAS (per- and polyfluoroalkyl substances) into the water supply. These chemicals are allegedly toxic and have been linked to certain cancers. As well, former firefighters continue to file lawsuits against makers of AFFF firefighting foams, alleging a link to cancer.
Hewlett Packard Settles Gender Discrimination Wage ComplaintSan Diego, CA On October 26, the U.S. Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP) announced that Hewlett Packard Inc. and Hewlett Packard Enterprise (collectively “HP”) have agreed to pay $1,450,000 to resolve systemic pay discrimination allegations involving 391 female employees. The affected employees worked at several locations including San Diego. Like federal law, the California Labor Code prohibits gender discrimination in wage rates for substantially similar work.
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