Content about Class action

October 2, 2013

J.C. Penney is making headlines again thanks to shareholder Alan Marcus, who is suing the troubled department store chain because of its recent decision to build equity by issuing more than $800 million worth of new stock, which sent share values plunging, Reuters reported.

J.C. Penney is making headlines again thanks to shareholder Alan Marcus, who is suing the troubled department store chain because of its recent decision to build equity by issuing more than $800 million worth of new stock, which sent share values plunging, Reuters reported.

The report said Marcus, who bought 300 shares of Penney stock on Sept. 26 shortly before the new stock was announced, is trying to obtain class-action status for his suit.

November 9, 2012

Lawyers representing the National Retail Federation and many of the nation’s most prominent retail companies are set to appear in court today to ask a federal judge to reject a proposed class-action settlement of an antitrust lawsuit over the $30 billion a year in credit card swipe fees charged by Visa and MasterCard.



Washington -- Lawyers representing the National Retail Federation and many of the nation’s most prominent retail companies are set to appear in court today to ask a federal judge to reject a proposed class-action settlement of an antitrust lawsuit over the $30 billion a year in credit card swipe fees charged by Visa and MasterCard.



August 22, 2011

The women who were part of the large class action lawsuit against Wal-Mart Stores have been given until Oct. 28 to file individual lawsuits against the company, a U.S. judge ruled, Reuters reported.

NEW YORK  — The women who were part of the large class action lawsuit against Wal-Mart Stores have been given until Oct. 28 to file individual lawsuits against the company, a U.S. judge ruled, Reuters reported.

The women, who claim the retailer denied them pay raises and promotions because of gender bias, are regrouping after the U.S. Supreme Court dismantled a class of up to 1.5 million current and former Wal-Mart workers in June.

Attorneys for the women are expected to try to fashion smaller class actions as the litigation moves forward.

June 20, 2011

In a ruling that may mean new limits on class-action suits, the Supreme Court on Monday ruled for Wal-Mart Stores in the largest sex-discrimination lawsuit in history as it put the brakes on a massive job discrimination lawsuit against the chain.

WASHINGTON —  In a ruling that may mean new limits on class-action suits, the Supreme Court on Monday ruled for Wal-Mart Stores in the largest sex-discrimination lawsuit in history as it put the brakes on a massive job discrimination lawsuit against the chain.

December 5, 2010

The U.S. Supreme Court on Monday agreed to decide whether to certify the largest class-action...