Archive for January, 2009
RBS targeted by class action suit in US (AFP via Yahoo! News)
Author: sebrenner
A New York law firm announced Saturday it had filed a class action complaint in US court against the Royal Bank of Scotland (RBS) for allegedly issuing false statements that exposed shareholders to risky subprime loans.
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The New Orleans Employees’ Retirement System, a public pension fund, on Friday filed a class action lawsuit against UBS AG, alleging the Swiss bank encouraged wealthy clients to evade U.S. taxes by opening Swiss bank accounts.
RBS targeted by class action suit in US (Channel NewsAsia)
Author: sebrenner
WASHINGTON : A New York law firm announced Saturday it had filed a class action complaint in US court against the Royal Bank of Scotland (RBS) for allegedly issuing false statements that exposed shareholders to risky sub-prime loans.
American Express Can’t Require Class-Action Waiver (Update1) (Bloomberg)
Author: sebrenner
Jan. 30 (Bloomberg) — American Express Co. , the biggest U.S. credit-card issuer by purchases, can’t force merchants to waive their right to join in class-action lawsuits, an appeals court said in reinstating a suit against the company.
ST. PAUL, Minn., Jan. 30, 2009 (GLOBE NEWSWIRE) — The United States Second Circuit Court of Appeals today reversed the dismissal of a massive antitrust class action brought by merchants against the American Express Company (”Am Ex”) . The case alleges that American Express in 1999 began a massive effort to take a share of the standard commodity credit card business away from Visa and MasterCard.
NEW YORK, Jan 30 (Reuters) – The New Orleans Employees’ Retirement System, a public pension fund, on Friday filed a class action lawsuit against UBS AG, alleging the Swiss bank encouraged wealthy clients to evade U.S. taxes by opening Swiss bank accounts. The pension, represented by Labaton Sucharow LLP, filed the suit in Manhattan Federal Court and seeks a recovery “in the billions of dollars” …
Lawyers in a class action lawsuit against Louisiana Citizens Property Insurance Corp. asked a Jefferson Parish judge on Friday to award more than $90 million in penalties to policyholders whose 2005 hurricane claims were not adjusted on time….
NEW YORK—-Murray, Frank & Sailer LLP has filed a class action complaint, in the United States District Court for the Southern District of New York, against Royal Bank of Scotland Group plc , certain of its officers and directors, and its underwriters, on behalf of a class of: 1) purchasers or acquirers of RBS Series “Q” 6.75% Preferred stock pursuant to the May 18, 2006 public offering; …
Ridley Inc. announced today that the court-approved process for receiving opt-out notices to the settlement agreement between Ridley Inc. and the representative plaintiffs in the BSE class action lawsuits has been completed.
NEW YORK, Jan. 30, 2009 — Levi & Korsinsky, LLP today announced that a class action has been commenced on behalf of all persons or entities who acquired IBSG International, Inc. common stock between April 1, 2008 and January 12, 2009 .