Class Action Podcast

The maker of popular Facebook and MySpace apps — RockYou — is hit with a class-action suit, accusing it of employing such a poor data security system that its 32 million customers’ e-mail and password information was easily stolen by a hacker.

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Broadcom Corp. said Tuesday it will pay more than $160 million in cash to settle a class action investor lawsuit related to stock option backdating, but did not admit wrongdoing.

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Broadcom Corp. has settled a class-action securities lawsuit for more than $160 million without admitting wrongdoing.

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LOS ANGELES—-Notice is hereby given that Glancy Binkow & Goldberg LLP has filed a class action lawsuit in the United States District Court for the Central District of California on behalf of a class consisting of all persons or entities who purchased the securities of Rentech, Inc. between May 9, 2008 and December 14, 2009, inclusive .

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WASHINGTON, D.C. – An Ohio appeals court has agreed with Public Citizen’s objections to a nationwide class-action settlement involving Carfax, ruling that a trial judge should not have approved the settlement without requiring notice to all of the affected consumers and without considering information about whether the coupons offered under the settlement had any value.

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Five women’s charities – including an eating disorder program – will share $2 million from a class-action settlement with major modeling agencies, a federal judge ordered Tuesday.

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Broadcom said Tuesday it will pay more than $160 million in cash to settle a class action investor lawsuit related to stock option backdating, but the California-based chipmaker did not admit wrongdoing. The deal, which still needs a judge’s approval, would represent the second-largest up-front cash recovery from a company accused of stock option backdating, according to an attorney for the lead …

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Broadcom Corp. has settled a class-action securities lawsuit for more than $160 million without admitting wrongdoing. The lawsuit alleged that Broadcom engaged in backdating, which involves retroactively setting a stock option’s exercise price to a low point in the stock’s value, boosting profits when the shares are sold.

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Broadcom To Settle Stock Options Class Action Suit

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Irvine-based Broadcom reported Tuesday that the firm has agreed to settle a class action, securities lawsuit against the firm, in exchange for a $160.5M cash payment. The lawsuit was related to stock options backdating. As part of the settlement, Broadcom said it continues to deny any liability or wrongdoing. The class action suit was filed by investors who bought or acquired shares of Broadcom …

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