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April 15, 2020
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Part 7: Securities Fraud: When "good" Investments Disappear
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

Bayer Settles Roundup Advertising Class Action Lawsuit
Bayer Settles Roundup Advertising Class Action Lawsuit
Kansas City, MO Monsanto (owned by Bayer) and Scotts Miracle-Gro Products, Inc. claimed that glyphosate, the active ingredient in Roundup weedkiller, is not found in humans or pets and only affects plant enzymes—therefore it is not a health risk to humans and animals. But not everyone believed them.

Three litigation theories of excessive bank overdraft fee lawsuits
Three litigation theories of excessive bank overdraft fee lawsuits
Ft. Lauderdale, FL When people come to talk to Jonathan Streisfeld, a KO partner, about excessive bank overdraft fees and returned item fees, “they feel frustrated with the number of fees assessed on what should be a small dollar transaction. They are confused about their bank’s practices.” More than anything, they just want their money back.  The problem occurs with banks and credit unions alike.

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Government Preemption Doesn’t Apply to 3M Earplugs
Government Preemption Doesn’t Apply to 3M Earplugs
Florida In a Florida federal court last week, a group of military plaintiffs said that 3M can't argue that a government contract preemption gives it clearance to exit its 3M earplug lawsuit, which alleges the Combat Arms Earplug v2 made for the military is defective, because the earplugs were also advertised for civilian use.

Papa John’s to Settle California Wage Theft Lawsuit for $3.4 Million
Papa John’s to Settle California Wage Theft Lawsuit for $3.4 Million
Santa Ana, CA Papa John’s International has asked the Central District of California to approve a $3.4 million settlement to end a lawsuit that claimed the pizza chain failed to pay workers for required training time. The conduct described violates the Fair Labor Standards Act as well as wage requirements of New York and California labor law.

BOEING DEFENDANTS IN STOCK DROP LAWSUIT CLAIM THEY WERE NOT FIDUCIARIES
BOEING DEFENDANTS IN STOCK DROP LAWSUIT CLAIM THEY WERE NOT FIDUCIARIES
Chicago, IL On March 2 attorneys for Boeing, its 401k retirement plan and the plan’s investment committee asked the District Court for the Northern District of Illinois to dismiss Burke v. The Boeing Co. The defendants claim that Newport Trust Co., the plan’s investment manager, was solely responsible for any losses incurred by participants in the Boeing Voluntary Investment Plan (VIP) when the value of Boeing’s stock dropped in the aftermath of the 737 MAX 8 aircraft disasters. Newport was not named as a defendant in the ERISA lawsuit.

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