Archive for April 2010
Yelp class action lawsuit expands
Nine small businesses have joined the class action lawsuit against Yelp alleging that internet review site extorts businesses that by demanding money to hide negative reviews. The new plaintiffs were added in an amended complaint filed in the month-old California lawsuit. They include a cruise line, appliance repair company, bakery, pet grooming service and a [...]
Securities fraud class action settlements up in 2009
According to a new study jointly published by Cornerstone Research and Stanford University’s School of Law, securities fraud class action settlements rose in dollar value last year. There were 103 settlements totaling $3.83 billion in 2009, up from 97 settlements worth $2.75 billion in 2008. But two settlements alone accounted for 39 percent of last [...]
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