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Bank of America Held Up For Foreclosure Fraud
Class Action |
2010/10/25 13:35
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Where there’s money involved, people are just one step away from committing a fraud. The latest perpetrator of foreclosure fraud has been hit with a class action lawsuit on behalf of all the homeowners out there. I guess, it’s the perfect time to let those banks know about Who’s who and What’s What. The lawsuit was filed against the Bank of America in a Federal Court in New Jersey. The suit simply alleges that the Bank’s policies for homeowners are pervasive and willful, and also they’ve an unlawful way of seizing homes. I’d like to remind you about Bank of America’s last month statement, where it said that the officials are looking forward to seize a lot of homes. Back then, the Bank was also looking forward to getting permission from some states for the seizure of houses. So that’s what it was all about. Speaking of which, New Jersey is just one state, there are more down the road. The issue buds from one woman’s doings. She was/is an employee at the Bank of America. Rumor has it that the woman signed thousands of foreclosure complaints without even giving them a second look. Perhaps she thought that it wasn’t “necessary” to “waste” her time on those highly important applications. |
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Class Action Lawsuit Filed against FarmVille Creator
Class Action |
2010/10/25 13:34
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The popular game of FarmVille seems to be trading more than just apples and land plots over the internet. A class action lawsuit was filed earlier this week against FarmVille creator, Zynga, of illegally sharing user data of its customers with advertisers and other data brokers, according to USAToday. The lawsuit claims that Zynga not only violated its contract with Facebook by sharing user data, but also federal law. "This appears to be another example of an online company failing the American public with empty promises to respect individual privacy rights," said one of the lawyers who filed the lawsuit, in a statement. The suit seeks "monetary relief" for those affected by the privacy leaks, according to the news source. Zynga however, does not believe that is has done anything wrong. "We believe that the complaint is without merit, and we intend to defend against it vigorously," said the company in their official statement. This lawsuit comes hot on the heels of a report in the Wall Street Journal that claims that some of the most popular applications on Facebook may actually be trading personal user data to advertisers and tracking companies on the internet.
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Hospital lawyers fire back in class action lawsuit
Class Action |
2010/10/25 13:32
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Taking a final shot before meeting in court, lawyers for Greenwich Hospital are rejecting a claim that the hospital violated fair trade policies in their handling of a drug-addicted surgeon. Earlier this year, the hospital asked a judge to strike the central claims of lawsuit, arguing that the class action lawsuit does not make a "cognizable claim" under the Connecticut Unfair Trade Practices Act. If granted, the lawsuit will be defeated. "Plaintiff's changing legal theories and lack of candor on the applicable law demonstrate that they are struggling to stay alive in the face of the hospital's well-founded motion to strike," states the recently filed motion. The original complaint, filed in 2008 in state Superior Court, alleges that the hospital violated state trade laws by ignoring Dr. Ian Rubins' drug problems to maintain the profitability of their specialized breast center. Rubins, a private plastic surgeon who had privileges at the hospital, died of a heroin overdose in 2008, just months after the state medical examining board suspended his license. Rubins had a string of incidents involving substance abuse and had entered rehabilitation programs several times while at the hospital.
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Indiana foreclosure suit seeks class action
Class Action |
2010/10/25 13:29
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An Indianapolis law firm has filed one of the first suits in the nation seeking class-action status in its case against mortgage lenders and servicers who used questionable tactics in thousands of home foreclosures. The federal lawsuit was filed Tuesday by Cohen and Malad, which specializes in class-action cases. The case comes as the smoldering foreclosure issue threatens to erupt into a national crisis for the mortgage industry. Attorneys general in all 50 states are jointly investigating whether lenders violated state laws. And on Wednesday a federal law enforcement official said the FBI is trying to determine whether the financial industry might have broken criminal laws in pursuing mortgage foreclosures.
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NVIDIA Class Action Shot Down
Class Action |
2010/10/25 03:31
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The U.S. District Court for the Northern District of California has dismissed a class action suit against NVIDIA that accused the company of trying to hide its knowledge of defects in a line of graphics chips, in order to keep the stock price up. In a strongly-worded opinion, Judge Richard Seeborg said the plaintiffs did not establish that there was any evidence that the company knew that its chips were defective. Further, the opinion notes that some of the evidence presented by witnesses was from people who did not work at the company and were not in a position to know if the chips were defective or not. Judge Seeborg gave the plaintiffs 30 days to file an amended complaint, or have it dismissed and the plaintiffs barred from re-filing another suit. The original lawsuit was filed in 2008, by Lisa Miller, and the class action suit eventually included two union pension funds and the retirement fund of the city of Pontiac, Mich. The suit covered those who bought NVIDIA's stock between Nov.2, 2007 and July 2, 2008.
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Class action lawsuit against DePuy Orthopaedics
Class Action |
2010/10/12 07:38
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The preeminent law office of Nurenberg, Paris, Heller & McCarthy has filed a class action lawsuit against Johnson & Johnson's artificial joint replacement company DePuy Orthopaedics, Inc., on behalf of clients who suffered damages resulting from the company's now-recalled hip replacement device. (Case No. 1:10CV02222, U.S. District Court, Northern District of Ohio, Eastern Division) "Revision" Surgeries Required DePuy recently recalled two hip replacement products -- the ASR Hip Resurfacing System and the ASR XL Acetabular System -- after data showed that within five years, one in eight patients needed "revision surgeries," which are required when an artificial joint doesn't properly fit or breaks down prematurely. About 93,000 people around the world have received one of these potentially faulty hip implants. The legal professionals at Nurenberg, Paris, Heller & McCarthy expect the class action lawsuit to include hundreds, if not thousands, of victims. Headed by attorney David M. Paris, the lawsuit is seeking to assist those who have received a DePuy ASR hip implant and experienced pain, had problems walking, or needed a revision surgery to fix a faulty hip implant.
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Kaplan Fox Files Securities Class Action
Class Action |
2010/10/06 14:29
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Kaplan Fox & Kilsheimer LLP has filed a class action suit against Apollo Group, Inc. that alleges violations of the Securities Exchange Act of 1934 on behalf of purchasers of Apollo's common stock during the period February 12, 2007 through August 3, 2010, inclusive (the "Class"). The case is pending in the United States District Court for the District of Arizona. A copy of the complaint may be obtained from Kaplan Fox or the Court. The Complaint alleges that throughout the Class Period, Defendants represented that Apollo's student enrollment in its programs, and its revenues and profits were growing, but the positive statements regarding the Company's performance and growth made by defendants were materially false and misleading when made, and were known by defendants to be false or were recklessly disregarded because the defendants failed to disclose that the Company's purported growth and profits were achieved through an improper course of conduct, including fraudulently inducing students to enroll in Apollo's scholastic and educational programs and engaging in other manipulative recruiting tactics. Further, the Complaint alleges that during the Class Period Apollo insiders sold over $450 million dollars of their privately held Apollo stock at artificially inflated prices. The Complaint further alleges that the truth about Apollo's improper recruiting tactics began to emerge on January 7, 2010, when, after the close of trading, the Company issued a press release disclosing, among other things, that the U.S. Department of Education expressed a concern that some students had enrolled and began attending classes before completely understanding the implications of enrollment, including their eligibility for student financial aid. On January 8, 2010, the next trading day, Apollo shares declined from a close on January 7, 2010 of $63.94 per share to close at $60.50 per share, a decline of $3.44 per share or approximately 5.4% on heavier than usual volume. Then, the Complaint alleges, on August 3, 2010, the United States Government Accounting Office (the "GAO") published a report finding that certain for-profit schools (i) used deceptive recruiting practices; (ii) inflated their tuition costs; and (iii) engaged in other "troubling" practices. The Complaint alleges that, as a result of these disclosures, between August 3, 2010, and August 6, 2010, shares of the Company declined from a close of $47.14 per share on August 2, 2010, to a close of $42.83 per share on August 5, 2010, a decline of $4.34 per share or approximately 9%. If you are a member of the proposed Class, you may move the court no later than October 15, 2010 to serve as a lead plaintiff for the Class. You need not seek to become a lead plaintiff in order to share in any possible recovery. Plaintiff seeks to recover damages on behalf of the Class and is represented by Kaplan Fox & Kilsheimer LLP. Our firm, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions and actions involving financial fraud. For more information about Kaplan Fox & Kilsheimer LLP, or to review a copy of the complaint filed in this action, you may visit our website at www.kaplanfox.com. |
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Class action or a representative action is a form of lawsuit in which a large group of people collectively bring a claim to court and/or in which a class of defendants is being sued. This form of collective lawsuit originated in the United States and is still predominantly a U.S. phenomenon, at least the U.S. variant of it. In the United States federal courts, class actions are governed by Federal Rules of Civil Procedure Rule. Since 1938, many states have adopted rules similar to the FRCP. However, some states like California have civil procedure systems which deviate significantly from the federal rules; the California Codes provide for four separate types of class actions. As a result, there are two separate treatises devoted solely to the complex topic of California class actions. Some states, such as Virginia, do not provide for any class actions, while others, such as New York, limit the types of claims that may be brought as class actions. They can construct your law firm a brand new website, lawyer website templates and help you redesign your existing law firm site to secure your place in the internet. |
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