February 19, 2008
I'm Too Poor To Afford Apple
Make no mistake about it, Apple loves their markup. So much in fact they have a monopoly. Wait, didn't people say Microsoft had a monopoly and sue them years ago? Hmm, maybe I should start a class action law suit demanding the freedom to run the OSX operating on any hardware I want. If any lawyers read this contact me, I'm in.
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Posted on February 19, 2008 11:40 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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July 19, 2007
Beware Of Patio Furniture
At this point, I was really concerned. I did some research online and it appears that JRA Furniture Industries, the company that makes this furniture, has filed for Chapter 7 Bankruptcy protection. Yes, I said Chapter 7–a total liquidation of assets. Apparently this is due to a class action law suit brought against them based on poor quality (i.e shatter-prone) glass table tops in some furniture they make for Martha Stewart (News article at Consumer Affairs.).
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Posted on July 19, 2007 12:38 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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June 26, 2007
Can We Stop Talking About His Pants Now?
But there's another reason this needs to go away. What has angered me greatly was that there's no time for this. Not in a time when class action law suits are under assault by the Administration and the Corpor-o-crats who are trying to turn private businesses into law.
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Posted on June 26, 2007 01:33 AM by Class 65.
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May 20, 2007
Pharmaceuticals And Health
As recent as last year the FDA attempted to stop allowing the public from taking out class action law suits against the pharmaceutical companies http://www.newstarget.com/019497.html . This is further proof that they are not working for the interest of the people but for the interests of the pharmaceutical companies. Companies like Merck whose product called Vioxx which has caused a large number of deaths and injuries is being forced to pay out large amounts of settlements to the families and victims of their toxic product for their negligence..
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Posted on May 20, 2007 12:42 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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May 19, 2007
Shieldhost Gets Even Worse
I couldn’t believe they are so stupid as to do this. I am pursuing legal action against Shieldhost. No doubt there is a long list of victims who have tried their hostiing. A class action law suit is a definate possibility. I am continuing to keep the FTC informed.
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Posted on May 19, 2007 12:40 AM by Class 65.
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April 24, 2007
The Mowser Wars
One of the reasons I’m posting this is because the comments section in Kevin’s blog is closed - and you can’t post comments to the Mowser blog either. With Kevin claiming that many many people are up in arms and are asking him to start a class action law suit, but providing no names or links to those people (if I’m wrong, please point me to them), I think there should be a forum for people to express their outrage - or lack thereof. So feel free to use the comments below if you’re filled with RAGE!!! Or anti-RAGE!!! Or better yet, if you’re cool and neutral.
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Posted on April 24, 2007 12:41 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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April 23, 2007
Time Warner Class Action?
I think I’m just going to drop by their local office and complain every day. Maybe I’ll even file a complaint with the Better Business Bureau. Hopefully, they’ll get sick of me and put someone on it. I’ve read and heard others are a little ticked off at Time Warner, so maybe we can all get together and file a Class Action law suit.
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Posted on April 23, 2007 12:43 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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March 27, 2007
Pet Class Action Suit
And if you’re still bored, write a long ass comment so that other people can waste reading your worthless thoughts instead of mine for one day. I really don’t know what to talk about. There’s nothing going on in the world that really interests me except the fact that Soprano’s is about to start its last season. Actually maybe there is something interesting but this only applies to people who have cats and/or dogs. You need to get in on this class action law suit, easyyy money. Actually I’ll use that for my next post so let’s go on that.
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Posted on March 27, 2007 12:42 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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December 06, 2006
Xbox 360 Class Action Suit
According to QJNet Redrum6622 claims he has filed a class action law suit against Microsoft regarding the Fall Dash Update.Shortly after Xbox owners downloaded the Fall Update, complaints started Some claimed random system freezing in the middle of games. His expierence must have been even worse for him to file this class action lawsuit, if indeed he really did.
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Posted on December 6, 2006 11:40 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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November 05, 2006
Made In USA – Guess Again
Even though Congress has been blocked, the courts have stepped in and offered some help. In 1999 two federal class action law suits were filed claiming violations of national and international laws regarding hazardous working conditions and working without pay. A third suit, in California State Court, accused U.S. retail firms of false advertising for the use of the “Made in USA” label.
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Posted on November 5, 2006 10:40 PM by Class 65.
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November 03, 2006
Drug Company Class Action Suit
Today a U.S. District Court dealt a major blow to a group of pharmaceutical companies including AstraZeneca ; Johnson & Johnson ; Schering-Plough and Bristol-Myers Squibb Co. , denying the companies’ motion to dismiss a nationwide class action law suit alleging they defrauded consumers by illegally inflating the cost of prescription drugs.
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Posted on November 3, 2006 10:40 PM by Class 65.
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October 15, 2006
The Race For 2008
Warner’s withdrawal does open up opportunities for other contenders fishing in the same pool, such as Indiana Senator Evan Bayh, and John Edwards, John Kerry’s running mate in 2004. The intelligent, low-key Bayh has yet to get much traction, but Edwards’ economic populism and relative moderation on cultural and foreign policy issues make him a strong contender in early caucus and primary states such as Iowa (where he surprised many with a second-place showing last time), Nevada (which has moved its primary up and where organized labour, a group with which Edwards is popular, is the dominant presence in Democratic politics) and his native North Carolina. Moreover, trial lawyers, while anathema in upscale Republican circles, are heroes in much of the south, where class action law suits are often seen as the “little guy”’s only option in getting his due. Edwards’ fellow trial lawyers also provide him with a ready-made donor base, one that helped him in 2004 and could do so again.
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Posted on October 15, 2006 11:38 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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October 05, 2006
Shape Up! Ships Out
Seems like the love affair with Dr. Phil has come to an end. Perhaps he should have stayed with giving relationship advise, because his diet plan is complete crap. “Dr. Phil” was the recipient of a class action law suit that ended up in $10.5 million going back to his customers. Listen in to find out more, or click on the link to read it for yourself.
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Posted on October 5, 2006 11:38 PM by Class 65.
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October 01, 2006
Class Action
The other day a young boy of perhaps 6 years old came into my office wanting to spearhead a Restriction of Trade Class Action law suit. He said his name was Peter and this is what happened:
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Posted on October 1, 2006 10:39 PM by Class 65.
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September 02, 2006
High Time For Tort Reform
In effect, the law firm was literally orchestrating which firms to go after and paying potential plaintiffs to file suit and retain the firm on their behalf. While the settlements of these cases netted over $45 billion in the 10 year period ending in 2005, Milberg Weiss earned $1.7 billion in legal fees and costs. In fact, almost half of the securities class action settlements awarded during this period were brought by this law firm. Far from being a vehicle of justice for wronged plaintiffs, these class action law suits are an industry in which these types of law firms excel.
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Posted on September 2, 2006 11:37 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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August 21, 2006
Missed The Class Action Suit
Needless to say, I was not happy and decided to go looking for this error code on the internet and see if anyone else had this problem. Immediately I felt better, I was not the only one with issues. Apparently anyone who has bought this washer is miserable. The only thing that bummed me out is that the class action law suit has already been settled. On the up side for Karolyn, the new front loading High Efficiency LG washer is on its way today.
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Posted on August 21, 2006 11:38 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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July 24, 2006
Business Process Management
The cost-benefit for rules is supposed to be even higher. Analysts cite customer estimates of cost savings of the BRMS over traditional coding at between %25 and %75. I think the true value of business rules lies not in the technology. Value is in the practice of rules stewardship. I have worked for more than one corporate customer where the lack of documented rules has caused class action lawsuits. Compute the cost of SOX non compliance or a class-action law suite; you will acheive a quick ROI.
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Posted on July 24, 2006 11:39 PM by Class 65.
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July 07, 2006
Cingular And Verizon Class Action Suits
Two new class action law suits have risen against Cingular and Verizon. In Cingular’s case, consumers are angry with the merger with AT&T, that is, users are tired of using AT&T’s legacy network systems and thereby being forced to incur more costs to upgrade to Cingular’s superior network systems. However, Cingular had promised AT&T users that they would enjoy their better systems free of charge in 2004. Now, a class action law suit has risen because Cingular is charging users a premium for the upgrade.
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Posted on July 7, 2006 11:43 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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May 30, 2006
Shorewest Versus Journal Communications
Last week, a settlement was announced in the class action law suit brought by Shorewest Realtors and other advertisers claiming that the paper had inflated it’s circulation numbers to artificially increase the price of advertising. Some more details have become available today.
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Posted on May 30, 2006 11:43 PM by Class 65.
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March 07, 2006
McDonalds Food Disclosure
Eventhough McDonald’s allergy information on their corporate website claims their french fries to be Gluten-free, THEY LIE! Don’t the bastards know some of us desperate for something other than turkey and rice rely on this information??? Fuckers. To top it off they are cooked in oil that contains dairy! Oh now they pissed me off. I should hop on that class action law suit just for the fun of it.
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Posted on March 7, 2006 10:42 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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February 15, 2006
Gotta Love A Lawyer
Heh heh. Alright, I confess that I found the anti-Christmas cards that I saw less than amusing. But these really crack me up (if you’ll forgive the pun). HT to Seraphim, who has an excellent post on Valentine’s Day that ends in a class action law suit against the “Greedy Commercializers of Emotion and Love.” You just gotta love a lawyer with a sense of humor.
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Posted on February 15, 2006 10:40 PM by Class 65.
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February 09, 2006
Energy Drinks
Click through for the entire post on dangers of energy drinks.Well, I figure I missed out on the class action law suit against the tobacco companies so here’s my chance to get in on one.
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Posted on February 9, 2006 10:42 PM by Class 65.
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January 02, 2006
MSM Leaks
"A while ago someone suggested a way for ‘We The People’ to fight back as these treasonous liberals expose us to attack. The idea was to bring a class action law suit against the media outlets who recklessly expose our defense mechanisms to our enemies.
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Posted on January 2, 2006 10:40 PM by Class 65.
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December 07, 2005
Adobe Shenanigans
I recently had to install Adobe Reader a couple times because I reloaded my computer, got a new hard drive, and reloaded it again. I downloaded the file from adobe.com, double-clicked it, and selected the “custom install” option. I noticed that it had Yahoo Toolbar and Adobe Photoshop Album Starter Edition as part of the install. Well, I didn’t want any of that crap, so I went back to the web site to do a little looking around for just the file I wanted: plain vanilla adobe reader. That’s when I discovered what had happened. If you go to the download page and simply click the download button when it appears, you don’t get the plain-vanilla install option. But if you go to the page a wait a couple seconds, the opt-out check boxes appear for Yahoo and Photoshop! What is more, the page is carefully coded to have that effect so that more people download the extraneous software and fund adobe. I know, I know, “only a geek would care about that.” But the lawyer in me is also interested because this type of misleading web page may violate one of the new federal laws dealing with advertising software. Can you say “class action law-suit?”
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Posted on December 7, 2005 10:42 PM by Class 65.
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December 05, 2005
Drug Dealers And Public Interest Lawyers
Reading the book Freakonomics
by Steve Levitt and realized in his discussion of Drug Dealers that, in terms of the potential earning growth, they are identical. Just like drug dealers, there is an overwhelming porportion of low waged “troops” working for zero name recognition, in the hope of that 1 in 1000 chance of making it beyond the lowest level. Drug dealer bosses and those lead lawyers in large class action law suites are so errily similar in their exponential earning potentials. I wonders how many PI lawyers dreams of a big payday instead of doing good for other people?
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Posted on December 5, 2005 10:40 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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November 21, 2005
Sony Sued
The Electronic Frontier Foundation (EFF), along with two leading national class action law firms, today filed a lawsuit against Sony BMG, demanding that the company repair the damage done by the First4Internet XCP and SunnComm MediaMax software it included on over 24 million music CDs.
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Posted on November 21, 2005 10:40 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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October 24, 2005
EA Settles One Overtime Suit
According to the Associated Press Today, EA has settled one of the pending class action law suits against it for allegedly failing to pay overtime. They paid $15.6 million to the computer graphic artists. The suit with the engineers is still pending. Meanwhile, here is a nice cartoon.
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Posted on October 24, 2005 11:42 PM by Class 65.
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October 23, 2005
Dell's Bogus Rebate Scam
Oh, I also found there are several class action law suits in the works for not only the rebate scam but other incidences of fraud. A San Francisco law firm has filed a class action suit against Dell Inc., and financial partner CIT Bank, claiming that they are systematically deceiving customers who buy Dell products.
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Posted on October 23, 2005 11:40 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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October 05, 2005
Supreme Class Action
Just when we thought that Supreme Court nominee Harriet Miers had no paper trail, we find that the law firm that she was heading at the time paid $22M to settle a class action law suit for assisting law firm clients in defrauding investors, as noted here and picked up by HuffingtonPost.com. The original source: No less than the Class Action Newsletter (May 1, 2000).
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Posted on October 5, 2005 11:42 PM by Class 65.
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September 09, 2005
Maple Leaf Foods Misleads Public!
I am considering launching a class action law suit. I am sending a copy of this to Maple Leaf Foods through their website.
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Posted on September 9, 2005 11:39 PM by Class 65.
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August 13, 2005
Viper Class Action
Since everyone in America sues everyone else (especially if you live in California or took Celebrex), I am suggesting a class action law suit against VCA for real and punitive damages. I figure I can do a reasonable imitation of Posttraumatic Stress Disorder (acute) within the next 30 days, and I found a physician who routinely prescribes Oxycontin for the pain of losing and the agony of defeat.
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Posted on August 13, 2005 11:39 PM by Class 65.
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July 15, 2005
Motorola E815 Launched
It’s not clear if the Motorola E815 will suffer the same Bluetooth problems that the V710 did. The limitation of Bluetooth in the V710 even led to a class action law suit.
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Posted on July 15, 2005 11:43 PM by Class 65.
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May 31, 2005
$3.00? I'm Rich!
I want to express my deepest gratitude to America’s trial lawyers, especially those kings of torts who initiate class action suits to rescue injured parties like myself from any responsibilities for my lousy decisions. You see, during the big investment bubble of 1999-2000, when stock values went only one direction—up—I took a small position in two can’t-miss stars: WorldCom and Global Crossing. Well, guess what? Both stocks tanked, and the executives of both companies were charged with ethical malfeasance.
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Posted on May 31, 2005 05:35 PM by Class 65.
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May 27, 2005
Class Action For Penis Enlargement Products
Would you really want your name associated with this lawsuit?
More than 400,000 customers of a Canadian company that sells penis-enlargement products may be eligible to join a lawsuit claiming the oils and herbal supplements don't work, a Denver federal judge ruled Wednesday.
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Posted on May 27, 2005 11:05 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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May 02, 2005
Journal Sentinel "IN" the news
Shorewest Realtors, a huge advertiser with the Milwaukee Journal Sentinel over the past several years has filed a class action law suit against Journal Sentinel Inc. and they are inviting other advertisers to join in the suit. They are claiming that the the paper has inflated it’s paid circulation numbers since 1996.
[…] circulation, fearful of more backlash from advertisers. The Milwaukee Journal Sentinel is fighting off a class action law suit from it’s advertisers, who are alleging that Journal Communications h […]
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Posted on May 2, 2005 11:27 PM by Class 65.
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April 19, 2005
Ridley Surprised by Inclusion in Lawsuits
Ridley Inc. expressed some surprise at being included in a class action lawsuit initiated by farmers in several Canadian provinces claiming damages allegedly suffered due to the closing of the U.S. border to Canadian cattle exports in May, 2003 after the discovery of a BSE infected cow in Alberta, Canada.
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Posted on April 19, 2005 01:23 PM by Class 65.
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April 17, 2005
Did Securities Class Action Reform Create a New "Pay-to-Play" Opportunity?
An article in the New York Times discusses the role of N.Y. Comptroller Alan Hevesi, whose responsibilities include being the sole fiduciary responsible for the New York Common Retirement Fund, which has assets of $120 billion, as the lead plaintiff in securities class action law suits. The Common Retirement Fund was the lead plaintiff in the WorldCom litigation that resulted in settlements of over $6 billion and is currently in trial against Arthur Andersen, the last remaining defendant (see earlier post here). ...
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Posted on April 17, 2005 11:22 PM by Class 65.
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April 14, 2005
An Old Fashioned Republican On Class Action Lawsuits
The LAT's Doug Smith traces the source of a check his son received for $0.49 from Bank of America as his share of a class action law suit. Just another cost of doing business in America.
OK, I agree it's easy to yuck it up about getting $.49 in payment for damages you never even knew you suffered, or to foam at the mouth over lawyers making unconscionable fees, but wait a sec here - class action lawsuits are the only form of external corporate governance I know of that leave behind an acceptably small footprint.
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Posted on April 14, 2005 11:25 PM by Class 65.
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April 11, 2005
Class Action Suit Against Spyware Company
The suit, filed in the Circuit Court of Cook County, Illinois, alleges that DirectRevenue LLC "unlawfully used and damaged plaintiffs' computers to make money for themselves while willfully disregarding plaintiffs' rights to use and enjoy their personal property."
According to the suit, the spyware infiltrated users' computers to learn their Internet browsing habits and track their Internet use.
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Posted on April 11, 2005 12:59 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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April 08, 2005
Jamster Class Action Possible
Jamster, a ringtone and mobile content sales company, has been sued for false advertising. The suit which was filed in San Diego states that Jamster falsely advertises that users can get a free ringtone. In reality said ringtones cost $1.99.
Jamster is the U.S. name of Jamba, a German mobile content provider that VeriSign acquired in June 2004. VeriSign is no stranger to consumer wrath. T-Mobile USA and Cingular Wireless are also named on the suit, presumedly because they allow Jamster to bill for "free" services.
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Posted on April 8, 2005 12:29 AM by Class 65.
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April 02, 2005
Andersen Class Action Trial Opens
A lawyer for a group of WorldCom Inc. stockholders and bondholders said former auditor Arthur Andersen LLP was more concerned with "lining its own pockets" than catching a massive accounting fraud at the telecommunications company.
As opening statements began in a class-action lawsuit here on Tuesday, Sean Coffey, who is representing the case's lead plaintiff New York State Common Retirement Fund, said auditors at Arthur Andersen were the only people in a position to catch the fraud and put a stop to it early. Instead of asking tough questions of WorldCom's top executives or continuing to demand access to company records, Andersen shrugged its shoulders and acquiesced to a client that paid the firm more than $40 million in auditing and consulting fees in a three-year span, Coffey said.
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Posted on April 2, 2005 11:04 PM by Class 65.
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Electronic Arts Slapped With Shareholder Suit
US law firm Schnatz & Nobel has filed a class action lawsuit against Electronic Arts in Northern California, alleging that the publishing giant issued false or misleading public statements regarding its financial performance.
The firm, which is seeking class action status for the suit, has filed on behalf of anyone who bought shares in Electronic Arts between January 25th and March 21st - the date on which EA issued a profit warning and announced a major shortfall in its Q4 revenues.
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Posted on April 2, 2005 11:02 PM by Class 65.
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March 29, 2005
HSBC Class Action Suit
We faxed the copy of the cashed money order from our bank and letter stating the facts to Malasia twice and san,diego. They claim the don’t know any thing about it. Look if anyone else is thinking Class action law suit then count us in. Between constant calls saying we did not pay and trips to kinkkos to fax letter, we have’nt had time to grieve my mothers death. Look its fraud and I’m sure of it now. How does a company do this?
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Posted on March 29, 2005 10:55 PM by Class 65.
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March 26, 2005
TXU Settles Class Action Suit
TXU on Friday agreed to pay $150m to settle a class action lawsuit alleging that the US utility misled investors about its strategy and financial performance.
Dallas-based TXU denied any liability in the action first brought in October 2002, but also agreed to look at tightening its corporate governance standards following negotiations lasting more than eight months. Counsel for the plaintiffs said the proposed settlement required these changes to be made.
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Posted on March 26, 2005 10:05 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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Aquila Class Action Suit Dismissed
A federal judge has dismissed a class-action lawsuit filed against Aquila Inc., allowing the utility to avoid potential damages in the millions at a time when it wants to sell some of its operations to pay its massive debt.
The lawsuit charged that shareholders were cheated when the company, then known as UtiliCorp United, reacquired part of its energy trading operation three years ago. U.S. District Judge Fernando Gaitan Jr. granted summary judgment to Aquila on Wednesday.
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Posted on March 26, 2005 10:03 AM by Class 65.
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March 25, 2005
ChoicePoint Class Action Suit
A class action lawsuit has been filed on behalf of purchasers of ChoicePoint Inc. common stock during the period between April 22, 2004 and March 3, 2005 (the "Class Period"), the law firm Lerach Coughlin announced March 10, 2005.
The suit comes after ChoicePoint disclosed in February that a secruity breach of its systems compromised personal information on as many as 145,000 consumers nationwide - including credit reports and Social Security numbers.
The complaint alleges that during the Class Period, defendants disseminated materially false and misleading statements concerning the security of the Company's systems, its results and operations.
"At the same time ChoicePoint's security breaches were concealed, two of the Company's top officers sold $20.89 million worth of their ChoicePoint stock," according to the lawsuit.
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Posted on March 25, 2005 01:24 AM by Class 65.
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March 24, 2005
Blogger Deciding on Zylon Class Action
I sought out information about the lawsuit at the Zylon vest class action website but it had nothing useful. A year-old Detroit News piece, Cop death tarnishes armored vest maker, covers the background to the suits pretty well and clearly favors the company. The article mentions the two reputed failures of SCBA/Zylon vests. The first involved an Oceanside, California officer who was killed in the line of duty while wearing a Second Chance vest. The article repeats the company view that the fatal hit came at the edge, where vests often fail to stop bullets. The second incident that happened in Pennsylvania a few days later incontrovertibly involved vest failure and led directly to the Department of Justice getting involved.
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Posted on March 24, 2005 12:12 AM by Class 65.
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Textainer Class Action Suit
The Complaint charges defendants with violations of the federal securities laws, specifically Section 14(a) of the Securities Exchange Act of 1934 and Rule 14a-9 promulgated thereunder. The Complaint alleges that the defendants have issued materially misleading proxy statements (the “Proxy Statements”) to the limited partners of the Textainer Partnerships requesting that the limited partners grant proxies to be voted in favor of the Sale and related proposals. In the action, the plaintiff alleges that (1) the Proxy Statements failed to appropriately disclose that the prices at which the assets of the Partnerships were to be sold were materially lower than current market conditions would dictate; (2) the Proxy Statements omitted to state that there was a risk that the Partnership’s Assets were being sold at a value below the market because Textainer Financial and its affiliates had required any bidder agree Textainer Equipment Management Limited be retained to manage the assets of the Partnerships after they were sold, a condition which effectively eliminated other container leasing companies from the bidding process or artificially capped the amount that they would bid; adjustments made to the pricing of the Sale did not account for the increasing value of containers; and (3) the Proxy Statements omitted to state other material facts that an investor would consider important in deciding whether to grant their proxies to be voted in favor of the Sale and the related proposals.
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Posted on March 24, 2005 12:09 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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March 22, 2005
Ironic Twist in Class Action
This is a funny twist. It could only happen here.
A police department in New York is suing Ford Motor Company because they feel that the cars they’ve been buying from the company, the Crown Victorias, are unsafe.
Chicago Tribune - About a year ago, Buffalo Grove police joined a class-action lawsuit against Ford Motor Co. alleging that the company’s Crown Victoria sedans, the car of choice for most law-enforcement agencies, weren’t safe.Except now they’re going to drop out of the lawsuit. Why? Because they want to buy more Crown Victorias from Ford and Ford won’t sell them.
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Posted on March 22, 2005 12:32 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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March 18, 2005
Audible Class Action Suit
The complaint charges Audible, Donald R. Katz (Chairman and CEO), and Andrew P. Kaplan (CFO) with violations of the Securities Exchange Act of 1934. More specifically, the complaint alleges that the Company failed to disclose and misrepresented the following material adverse facts which were known to defendants or recklessly disregarded by them: (1) that the Company intended to pursue new business initiatives; (2) that the Company's growth, through these expensive initiatives, would severely undermine Audible's margins and earnings; and (3) that as a consequence of the foregoing the Company's ambitious growth plan posed a substantial risk to the future stability of the Company and its stock price.
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Posted on March 18, 2005 06:49 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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Pharmos Class Action Suit
During the Class Period, defendants concealed the fact that Dexanabinol, the company's flagship drug product for Traumatic Brain Injury (TBI) trial was not exhibiting materially favorable reaction. Prior to disclosing this information to the public, Pharmos sold millions worth of stock in private placements. Furthermore, the Company's CEO sold 20% of his holdings and its President sold almost 50% of his holdings. Such sales occurred after the close of Phase III enrollment and after the six month post-enrollment period concluded. On December 20, 2004, just weeks after insiders sold 400,000 shares of stock, Pharmos announced that Dexanabinol was not found to be materially effective in Phase III testing. Furthermore, after years of touting the effectiveness of Dexanabinol, the Company abruptly ceased its effort to gain approval for Dexanabinol for TBI.
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Posted on March 18, 2005 06:46 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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March 17, 2005
Adecco Believes Class Action Suits Have No Merrit
Class action law suits in the US are still pending, but Adecco said it believed they had no merit and had filed to have them dismissed, although it added that there could be no assurance that the resolution of any of these matters would not have a material effect on the group.
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Posted on March 17, 2005 05:50 PM by Class 65.
Filed in Personal Injury Resources under class action law.
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ChoicePoint Class Action Suit
The Complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder. Unbeknownst to the market until February 15, 2005, from approximately October 2003 through October 2004 criminals using "low-tech" methods had been able to access thousands of records containing personal information maintained by ChoicePoint. Throughout the Class Period, the Defendants made material misrepresentations and/or omitted to make material disclosures by falsely claiming that ChoicePoint had unique capabilities and systems in place to enable the responsible use of information while ensuring the protection of personal privacy. Defendants also falsely claimed during the Class Period that the theft of consumer data they recently announced was unprecedented and that the Company welcomes national discussion on how to ensure that information is used responsibly.
As the market learned in February, 2005, ChoicePoint did not have adequate controls in place to protect the privacy of the information it compiled and sold. Defendants became aware of the criminals' access of the Company's records in October of 2004. Despite knowing of this serious threat to consumer privacy and despite knowing that their representations about the security of ChoicePoint's data were inaccurate, Defendants waited until February 15 of this year to disclose any information about the breach in Company security. As the market learned on March 2, 2005, a similar incident occurred five years ago resulting in the disclosure of 7,000 records. Notwithstanding their nondisclosure and misstatements, Defendants Smith and Curling sold over eighteen million dollars of stock between the time they discovered the criminals' access and their initial disclosure of the breach of their system in February.
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Posted on March 17, 2005 01:08 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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ChoicePoint Identity Theft Website
Consumers whose private information may have been put at risk due to the recent security breaches at ChoicePoint now have a new consumer information and action center available at www.ChoicePointClassAction.com. The website will feature up to the minute news on the ChoicePoint case as well as the pending Choicepoint litigation.
“The ChoicePoint class action site is designed to continually update those consumers who may have been affected by the security breaches at ChoicePoint,” said Leonard Bennett, lead counsel for the ChoicePoint class. “Our goal is to provide the latest news and information to those consumers who are members of the ChoicePoint class and point them to resources for coping with the effects of identity theft.”
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Posted on March 17, 2005 01:05 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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March 16, 2005
Echo Star Class Action Suit
On March 10, 2005 it was disclosed that EchoStar's audit committee had launched an internal accounting probe and that the Company and Defendant Ergen, the Chief Executive Officer, were the subjects of an SEC inquiry. According to a March 10, 2005 Reuters article, the probe relates to the booking of transactions with suppliers and consulting payments to a friend of Ergen's. A Bloomberg article reported unnamed sources claimed that the investigation had uncovered "evidence," including "company records that showed Ergen may have directed or authorized vendor transactions and consulting payments to an unidentified friend." The Bloomberg article also noted that since July 2004, the SEC has been examining the way EchoStar and other companies in the telecommunications industry account for subscribers.
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Posted on March 16, 2005 12:08 AM by Class 65.
Filed in Personal Injury Resources under class action law.
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March 14, 2005
Class Action Suit Against Forest Labs
The Complaint alleges that Forest Labs violated federal securities laws by issuing false or misleading public statements. Specifically, the Complaint alleges that Forest Labs concealed deficiencies with its Celexa/Lexapro drugs in treating adolescent depression and when Forest Labs ultimately disclosed an agreement with the New York State Attorney General to make available summaries of previously undisclosed studies on the drugs, the price of Forest Labs stock dropped to as low as $36 per share.
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