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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

Earnin Agrees to PayBack
Santa Clara, CA A proposed settlement by Earnin, an app-based pay advance service, would theoretically pay up to $12.5 million to consumers who claim they were misled by Earnin and were charged bank fees they weren’t aware of before signing on with the service.

Reaching a Settlement for Kome Restaurant Workers takes a Community
San Francisco, CA Attorney Winni Kao with the Asian Law Caucus wants workers to know there are community groups and government agencies to help with California labor violations, particularly wage theft. “We encourage workers to stand together as they are likely all experiencing the same violations,” says Kao. Such was the case with Kome Japanese Seafood Buffet workers. This case illustrates that with brave workers and community support, employers are on the hook. Kome owners will pay $2.6 million to 133 workers.

USB Checking Accountholders to get their Day in Court
San Diego, CA On August 10, the Southern District of California agreed to reconsider its own ruling in an overdraft fees lawsuit that forced the dispute into arbitration. On reconsideration, it reversed itself. This breathes new life into Reyna McGovern’s contention that U.S. Bank charged bank overdraft fees that were not permitted under the terms of the account agreement that she and many other customers signed. Now they get a chance to have their claims heard in court. The Order Granting the Motion for Reconsideration may have implications for other Californians who, perhaps unwittingly, signed arbitration agreements when they opened a checking account.

Supreme Court Blocks Teachers from Suing Church Schools for Job Discrimination
Los Angeles, CA The bad news for lay teachers is that on July 8, in Our Lady of Guadalupe School v. Morrissey-Berru, the U.S. Supreme Court severely limited the rights of Catholic school elementary teachers to sue for employment discrimination under the federal Age Discrimination in Employment Act (ADEA) and the Americans with Disabilities Act (ADA). Justice Sotomayor captured the stunned reaction in her dissent: “That cannot be right.”

July 1 Minimum Wage Rates Affect Other California Prevailing Wage Rules
Los Angeles, CA On July 1 the minimum wage rate increased in 13 California cities and counties, including Los Angeles and San Francisco. Most minimum wage workers in these jurisdictions should have already seen the difference. These increases also ripple through California prevailing wage laws in less obvious ways. Employers who fail to comply with the full implications of the required wage increases may not have seen wage and hour lawsuits yet, but they likely will.

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