Posts Tagged ‘class action settlement’
Class Action Settlements: Ninth Circuit nixes settlement in AOL privacy suit
The United States Court of Appeals overturned a class action settlement in Nachshin v. AOL, LLC, a class action lawsuit alleging that AOL’s email ads violated the Electronic Communications Privacy Act and other laws. The class action settlement did not provide any recovery to class members First, the appellate court noted that the settlement would [...]
Court approves $13.75 million settlement for Leap Wireless investors class action, 25% to go to attorneys
A California federal court granted final approval of a $13.75 million settlement between Leap Wireless (Nasdaq:LEAP) stockholders and the company. The investors alleged that the company and certain officers committed securities fraud by filing false financial statements: This action arises from alleged misconduct by Defendant Leap Wireless (“Leap”) and certain individual officers and directors of [...]
A.G. Edwards Class Action Settlement Questioned
In Bachmann v. A.G. Edwards, Inc. a $60 million settlement was recently announced. However, it has come under fire because: $34 million of the $60 million class action settlement is a so-called “coupon settlement” where the class gets nothing unless they give the defendant further business. the attorneys are asking for 35%, or $21 million of [...]