Sentences with phrase «many class settlements»

Aided by attorneys eager for court - awarded fees — which are an accepted part of class settlements — consumers are taking their grievances to court in record numbers.

LAW360 - Oct 23 - Ashley Madison users suing the online dating site over a 2015 data breach urged a Missouri federal judge to grant final approval to $ 11.2 M deal to end the dispute, arguing that the sole objector had «highly individualized» demands that could not be addressed in a class settlement.

Only five of the cases were ever formally certified as class actions, although 21 resulted in court - approved class settlements.

Approval is not a given, and these cases illustrate some of the important factors practitioners should consider in connection with proposed class settlements in an environment of heightened scrutiny.

Represented insurer in negotiation of class settlement regarding challenge to sublimit provision in homeowners insurance policies.

Mr. Torrijos has spoken extensively on class action topics, including: Class Actions in the Age of Big Data (November 15, 2014, 2014 Consumer Attorneys of California Annual Convention); Structuring Class Settlements That Will Get Approved (October 2, 2014, Bridgeport Continuing Education 2014 Wage & Hour Litigation & Management); Class Action Settlements: Rule 68 Offers of Judgment and Other Strategic Tools (April 11, 2014, Bridgeport Continuing Education 2014 Class Action Conference); Getting Your Settlement Approved (September 2014, JAMS Class Action Seminar); The Changing Standards of Class Certification (January 10, 2014, Bridgeport Continuing Education Consumer Class Action Conference); Class Actions: Recent Developments (January 2014, myLawCLE); CAFA Removal and Remand: Latest Developments (March 29, 2011, Stafford Publications); and Is it better to file a nationwide class action or state - only class action?

However, defendants can take solace in the fact that some courts have grown more skeptical of class counsel fee applications when reviewing proposed class settlements.

In addition, multijurisdictional class settlements — i.e., settlements involving residents of multiple provinces and territories — are increasingly being resolved in an efficient manner pursuant to the Canadian Bar Association's Protocol for Multijurisdictional Class Actions.

On January 12, 2015, the Court granted final approval to the class settlement with Warner Music Group Corp. related to the calculation and payment of royalties for digital downloads and ringtones.

It's important to understand that while Canada is a global class action haven, Holland is merely a haven for global class settlements.

Dutch law certainly holds promise for pan-European or global class settlements, and Canada will continue to attract global class actions against companies with strong Canadian ties.

Communications during the notice period — after the class has received notice of the proposed class settlement but before the opt - out / claims period ends — are particularly sensitive.

In Donovan's estimates, Feinberg eliminated 220,000 plaintiffs from the subsequent Deepwater Horizon Economic and Property Damages Class Settlement Agreement.

This allows businesses to promptly and fairly resolve consumer disputes and encourages other fair consumer class settlements.

Not exact matches

Feb 26 - Facebook Inc and Chief Executive Mark Zuckerberg have reached a $ 35 million settlement of class - action litigation accusing them of hiding worries about the social media company's growth prior to its May 2012 initial public offering.

Racial discrimination in hiring and employment practices continued at investment bank Morgan Stanley (ms) despite a class - action settlement more than a decade ago, according to a new lawsuit filed Thursday by a former employee.

Matt Zuchetto, a lawyer in Washington state who has filed class - action lawsuits against debt - settlement companies, says many established players simply modified their fee structures.

The loss that was reported was partially due to the newly disclosed settlement of class action lawsuits.

A class action status would increase the drivers» leverage to demand a settlement, which is what happens in many cases when a court certifies class status.

If allowed to proceed as a class action, the 2013 lawsuit could cover more than 160,000 California drivers and give plaintiffs leverage to negotiate a settlement.

In 2017, the bank also reached a preliminary class - action settlement of $ 142 million over concerns about retail sales practices and unauthorized accounts from 2002.

In a 6 - page order, Judge Lucy Koh told Google (GOOG) and class action attorneys the proposed settlement was insufficient, in part because it failed to clearly tell consumers what the search giant had done.

In this class action insider trading case, Pomerantz, as Co-Lead Counsel, achieved a $ 135 million settlement for investors in the pharmaceutical company Elan Corp..

She has prosecuted a wide range of class action matters for over a decade, helping to recover millions in settlements on behalf of shareholders.

This represents the largest securities class action settlement in a decade, the largest settlement ever in a class action involving a foreign issuer, and the fifth - largest class action settlement ever achieved in the United States.

As if the $ 100 million settlement for a couple of class - action lawsuits were not enough, Uber drivers are stepping up their efforts to have a stronger voice in the behemoth ride - hailing company.

Similarly, homes may contain products in their systems or fixtures that are, or have been, subject to a recall, class action suit, settlement or litigation.

If you exchange shares of a fund for another fund in the same fund family and share class, the transaction fee will be paid from your money market settlement fund.

Some materials used in home construction are, or have been, subject to a recall, class action suit, settlement or litigation.

Whether it's class size and composition issues, downloaded costs to school boards without the extra funding to cover them, or public sector workers who previously accepted «net zero» or cooperative gains settlements, a balanced budget might be hard to achieve while keeping educators, parents, and students happy.

Her notable cases also include Ford Spark Plugs, as well as multiple cases against Hyundai for a dangerous safety defect in the side air bag system of its Tiburon model vehicles, as well as class - action lawsuit against Hyundai Motor America and Kia Motor Company after regulators announced the companies overstated the fuel economy for many vehicles they sold in the United States, culminating in a settlement worth more than $ 255 million.

The company maintained that tips were included in its quoted fares until a proposed class - action settlement last April forced Uber to clarify that, well, actually, they weren't.

The most comprehensive, fully - outsourced solution to manage your global class action settlement filings and ensure maximum recoveries.

The company also offers clearing and settlement services across asset classes for exchange - traded and over-the-counter derivatives through CME Clearing.

on a pro forma basis, giving effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with a qualifying initial public offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

in the case of our directors, officers, and security holders, (i) the receipt by the locked - up party from us of shares of Class A common stock or Class B common stock upon (A) the exercise or settlement of stock options or RSUs granted under a stock incentive plan or other equity award plan described in this prospectus or (B) the exercise of warrants outstanding and which are described in this prospectus, or (ii) the transfer of shares of Class A common stock, Class B common stock, or any securities convertible into Class A common stock or Class B common stock upon a vesting or settlement event of our securities or upon the exercise of options or warrants to purchase our securities on a «cashless» or «net exercise» basis to the extent permitted by the instruments representing such options or warrants (and any transfer to us necessary to generate such amount of cash needed for the payment of taxes, including estimated taxes, due as a result of such vesting or exercise whether by means of a «net settlement» or otherwise) so long as such «cashless exercise» or «net exercise» is effected solely by the surrender of outstanding stock options or warrants (or the Class A common stock or Class B common stock issuable upon the exercise thereof) to us and our cancellation of all or a portion thereof to pay the exercise price or withholding tax and remittance obligations, provided that in the case of (i), the shares received upon such exercise or settlement are subject to the restrictions set forth above, and provided further that in the case of (ii), any filings under Section 16 (a) of the Exchange Act, or any other public filing or disclosure of such transfer by or on behalf of the locked - up party, shall clearly indicate in the footnotes thereto that such transfer of shares or securities was solely to us pursuant to the circumstances described in this bullet point;

Nevertheless, sales of substantial amounts of our Class A common stock, including shares issued upon exercise of outstanding stock options or warrants or settlement of RSUs, in the public market following this offering could adversely affect market prices prevailing from time to time and could impair our ability to raise capital through the sale of our equity securities.

The pro forma consolidated balance sheet data gives effect to (i) the automatic conversion of all of our outstanding shares of convertible preferred stock other than Series FP preferred stock into shares of Class B common stock and the conversion of Series FP preferred stock into shares of Class C common stock in connection with our initial public offering, (ii) stock - based compensation expense of approximately $ 1.1 billion associated with outstanding RSUs subject to a performance condition for which the service - based vesting condition was satisfied as of December 31, 2016 and which we will recognize on the effectiveness of our registration statement in connection with this offering, as further described in Note 1 to our consolidated financial statements included elsewhere in this prospectus, (iii) the increase in accrued expenses and other current liabilities and an equivalent decrease in additional paid - in capital of $ 187.2 million in connection with the withholding tax obligations, based on $ 16.33 per share, which is the fair value of our common stock as of December 31, 2016, as we intend to issue shares of Class A common stock and Class B common stock on a net basis to satisfy the associated withholding tax obligations, (iv) the net issuance of 7.6 million shares of Class A common stock and 5.5 million shares of Class B common stock that will vest and be issued from the settlement of such RSUs, (v) the issuance of the CEO award, as described below, and (vi) the filing and effectiveness of our amended and restated certificate of incorporation which will be in effect on the completion of this offering.

The settlement will most likely reduce the size of the class - action suits filed against Spotify.

Judge Richard Stearns issued a preliminary approval of the proposed settlement between TAP Pharmaceuticals and the class.

In what is described as South Africa's largest class - action settlement, mining companies have agreed to resolve a lawsuit with gold miners who contracted lung diseases.

Implemented an aggressive «gut the class» defense strategy resulting in a stunning settlement of.05 percent of the original demand.

By: Simone Liedtke 3rd May 2018 The Legal Resources Centre (LRC), Abrahams Kiewitz and Richard Spoor Attorneys, on behalf of thousands of mineworkers, on Thursday reached a class action settlement with the Occupational Lung Disease (OLD) Working Group, which represents various South African gold mining companies.

Never before has there been a published New Jersey state court opinion setting out the factors a court must consider in evaluating whether a class action settlement should be determined to be fair and adequate.

In January 2017, the Group received approval of the Delaware Chancery Court for a $ 5.6 million settlement it achieved on behalf of a class of shareholders of Physicians Formula Holdings Inc. over an ignored merger offer in 2012.

In September 2017, Mr. Bruckner's Corporate Governance team achieved a settlement in New Jersey Superior Court that provided non-pecuniary benefits for a non-opt out class, in Pomerantz's litigation against Ocean Shore Holding Co..

Shareholder Litigation., C.A. No. 422598 - V (2018), the Maryland Circuit Court, Montgomery County, approved a $ 17.5 million settlement that plaintiffs achieved as additional consideration on behalf of a class of shareholders of American Capital, Ltd..

On January 19th, 2016, a federal judge preliminarily approved a class action settlement on behalf of JPMC shareholders who alleged suffering losses as a result of the bank's supplying false and misleading statements concerning the risks and losses arising from the secret proprietary trading activities of the «London Whale,» a rogue London - based JPMC trader who caused the bank to suffer $ 6.2 billion in losses.

In October 2015, a federal judge approved a $ 10.2 million settlement for a nationwide class of persons who were «robodialed» by JPMC in violation of the Telephone Consumer Protection Act.

On August 12, 2015, a federal judge preliminarily approved a settlement of a nationwide class action against JPMC for its use of robocalling in violation of the Telephone Consumer Protection Act.