Tag Archives: Class Action

Financial Daily Dose 6.23.2020 | Top Story: White House Suspends Work Visas for Hundreds of Thousands

BY: Michael D. Reif | June 23, 2020

On Monday, the White House announced its plan to extend a “freeze on ‘green cards’ for new immigrants” and to “suspend H-1B, L-1, J and other temporary work visas for skilled workers, managers and au pairs through the end of the year,” ostensibly to “protect 525,000 jobs as part of [its] response to job losses … Continue reading

DraftKings Participant Files Proposed Class Action Over Sign-Stealing

BY: Michael Kolcun | January 28, 2020

A fantasy baseball participant filed a putative class action against the MLB and one of its affiliates, the Houston Astros, and the Boston Red Sox over the recent electronic sign-stealing scandal that is rocking the sport. In his complaint, the DraftKings contestant claims he made wagers on fantasy baseball contests thinking they were based upon … Continue reading

Financial Daily Dose 1.8.2020 | Top Story: Speaker Company Sonos Sues Google for Patent Infringement

BY: Michael D. Reif | January 8, 2020

Home speaker maker Sonos has sued Google, accusing the company of “infringing on five of its patents, including technology that lets wireless speakers connect and synchronize with one another.” Sonos had originally partnered with Google in 2013 on a music service that would work easily with Sonos’ speakers (back when Google was merely “an internet … Continue reading

Financial Daily Dose 11.06.2019 | Top Story: Walgreens Boots Working With PE Firms to Go Private

BY: Michael D. Reif | November 6, 2019

Bloomberg is reporting that Walgreens Boots is weighing a potential deal “to take the company private in what could become the largest leveraged buyout in history.” PE firms like KKR are apparently in the mix to assist in the funding – Bloomberg and MarketWatch Meanwhile, Xerox is mulling over a “cash-stock offer for the $27 … Continue reading

Class Action Review

BY: Stacey P. Slaughter | January 22, 2016

On Wednesday, the Supreme Court’s ruling in Campbell-Ewald Company v. Gomez placed serious limits on a strategy some companies have employed to dispose of class cases quickly.  The Court held that a company cannot moot a purported class claim by offering a settlement to the named plaintiff, even if the class has not yet been … Continue reading

Mandatory Arbitration Clauses

BY: Stacey P. Slaughter | January 6, 2016

The Consumer Financial Protection Bureau recently announced a plan to limit mandatory arbitration clauses in the financial services industry.  The plan would eliminate bans on class action waivers in consumer financial contracts such as those for credit cards, checking accounts, and payday loans. The CFPB’s proposed plan arose from a March 2015 study of arbitration agreements … Continue reading