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February 21, 2008 |
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* Investors' Lack of Participation Leave $12B in Unclaimed Funds Nearly $12 billion had been left unclaimed by institutional investors worldwide due to their lack of participation in U.S. securities class actions, new research indicates... Read More |
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ARSENAL DIGITAL: Shareholder Files Suit Over $110M Acquisition A minority shareholder of Arsenal Digital Solutions USA Inc. filed a purported class action suit with the Court of Chancery in Delaware, seeking money from IBM's $110-million acquisition of the company, Beth Pariseau of SearchStorage.com reports... Read More |
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DAIMLERCHRYSLER: Tex. SC Dismisses Products Liability Lawsuit After eight years of litigation, a team of attorneys from Bracewell & Giuliani LLP emerged victorious as they defended DaimlerChrysler in a nationwide products liability class action suit brought by owners and lessees of DaimlerChrysler vehicles... Read More |
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DELPHI CORP: Mich. Court OKs $38.25M Securities Suit Settlement The Honorable Gerald E. Rosen of the U.S. District Court for the Eastern District of Michigan granted preliminary approval to a settlement providing for a recovery of $38,250,000 to be paid by Deloitte & Touche LLP. ... Read More |
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KPMG LLP: Implements Plan to Redress Workers for Unpaid Overtime KPMG LLP (Canada) has begun to implement a plan to redress employees for unpaid overtime... Read More |
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MAGMA DESIGN: Settlement Reached in Calif. Shareholder Lawsuit A tentative settlement was reached in the purported shareholder class action filed with the U.S. District Court for the Northern District of California against Magma Design Automation, Inc., according to the company's Feb. 14, 2008 form 10-Q filing... Read More |
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STATION CASINOS: Ex-Employees File Nev. Suit Over Payroll Abuses Station Casinos, Inc., is facing a potential class-action complaint filed on Feb. 4, 2008, with the U.S. District Court for the District of Nevada over alleged non-payment of overtime wages and non-compensation for all hours worked, Valerie Miller... Read More |
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ZEON BIOMUNE: Louisville, Ken. Residents' Pollution Suit Settled The lawsuit filed by residents of Louisville, Kentucky, with the U.S. District Court for the Western District of Kentucky complaining of hazardous pollutants emitted by three chemical companies, has been settled, James Bruggers of Courier-Journal... Read More |
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Today's Top Stories have been selected from the Class Action Reporter.
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