Not exact matches
(A similar global
class -
action case was approved this month against Winnipeg - based Arctic Glacier Income
Fund.)
A San Francisco federal judge, in what was apparently the first
case to cite last month's SCOTUS opinion Cyan v. Beaver County Employees Retirement
Fund remanded a securities
class action against a blockchain startup to San Francisco Superior Court while keeping another in federal court.
In
case you missed it, the two cars ran into flak when their identical EPA ratings had to be adjusted down 1 mpg, the companies were pursued by disgruntled owners in a
class action suit, and a
fund was set up by Kia and Hyundai to compensate owners into the future.
USA
Funds has agreed to settle a
class action lawsuit resulting from this
case for $ 23 million, though it does not admit fault.
Increasingly, however, such dreams are turning to
action — most notably in the
case of the shocking May 2015 walkout of the University of Southern California's MFA
class of 2016 (now known as the USC Seven), who left the program as a group while issuing collectively signed communiqués about their grievances with school administration over cuts in promised
funding, treatment of tenured faculty and, perhaps most important, the very direction of the school's plans to emphasize already well -
funded tech and design education over fine art.
TPLF firms do not just
fund class actions in Australia — they often launch and manage the
cases as well.
Nagel Rice is currently handling some of the highest profile
cases in the country, including the carjacking wrongful death
case against the Short Hills Mall, a cyberbullying suicide
case against a New Jersey school district, a
class action against the NFL for illegal ticket sales for Super Bowl XLVIII, and the multi-billion dollar RICO
action against short selling hedge
funds.
In a pharmaceutical
class action case, you are alleging that an FDA - approved medication or medical device made by a well -
funded and perhaps well - established company caused you a serious injury.
«One of the
cases we're
funding at the moment is a
class action of seaweed fishermen in Indonesia claiming compensation for alleged damages caused by an oil spill by PTTEP Australasia Ashmore Cartier PTY Ltd,» says Martin Tonnby, Harbour's Founder and CEO.
If you are involved in a federal
class action case, consider designating a civil legal aid recipient beneficiary for any unclaimed
funds as outlined in our fact sheet.
In a troubling development, third party litigation
funding companies are becoming increasingly involved in Canadian
class action cases.
There is also a growing need for litigation
funding in jurisdictions which do not have the US opt - out
class action system and the associated financial handling of
cases through law firms.
In the
case of
class actions, the Court held that approval of third party litigation
funding agreements is required and such
funding agreements are not capable of coming into force without Court approval.
In this
case, the Plaintiff has received financial support from the
Class Proceedings Fund (the «Fund»), which is a body created by statute and designed to allow access to the courts through class actions in Ont
Class Proceedings
Fund (the «
Fund»), which is a body created by statute and designed to allow access to the courts through
class actions in Ont
class actions in Ontario.
In spite of the outcomes in both
cases, the CAT's ready acceptance of the proposed
class representatives, its flexibility in regard to litigation
funding, and its affirmation of the Canadian approach to collective
action, are all likely to give heart to prospective claimants.
On the other hand, in the context of
class actions, judicial approval of third - party
funding agreements is required, for
cases under both federal and provincial jurisdiction.
This includes litigation arising from opt - out opportunities in
class actions; financial manipulation
cases; distressed investment scenarios, including insolvency and restructuring; allegations of improper
fund management or inadequate disclosures; alleged securities laws violations; and other complex financial disputes.
This is the
case for the AU$ 200 million + Australian
class action funded by Harbour against PTTEP Australasia (Ashmore Cartier) Pty Ltd, the oil giant responsible for operating the rig that leaked.
For plaintiffs,
class actions are seen as a tool to increase access to justice, as the costs of litigation are shared among a larger group, and the downside risk is limited as costs in unsuccessful
cases are often underwritten by the plaintiffs» law firm or a third party
fund.
The bill would require disclosure of third - party litigation
funding in
class actions and multidistrict litigation within 10 days of a
case filing, or 10 days after a
funding deal.
Our experience encompasses a wide range of ERISA claims, including individual life, disability and AD&D benefits,
class actions, fiduciary obligations, revenue sharing, retained asset accounts, health plans, stock drop
cases, pension
funds, severance benefits, plan administration, cost of living adjustments, IRA plans, incentive compensation and annuity contract premiums, among many others.
Ms. Nelles has represented such clients as Moody's, JPMorgan Chase, Goldman Sachs, Standard Chartered Bank, Microsoft and Diageo in
class action and other complex litigation, including the Microsoft indirect purchaser
cases, the JPMorgan Chase / Bank One merger litigations and the Goldman Sachs mutual
funds fee disputes.
The
funding is for the MLS's continued defense of that
case; it comes on top of money NAR had previously put into the
case and after another plaintiff filed suit and sought to bring the suit as a
class action.