Class Action Settlements

Class Action Settlements

Class action lawsuits that have settled or have proposed settlements. If a class action lawsuit settles, the court will hold fairness hearings to ensure the terms of the settlement are fair to all class members. There are usually two fairness hearings—the first is the "Preliminary Approval" hearing. After that hearing, a Notice of Proposed Settlement is sent out to class members. A Final Fairness Hearing follows at which class members can voice their opinions about the settlement. After that, a deadline is set for class members to submit claims.

  • Siemans Agrees a $1 Billion Settlement for International Bribery Charges
    Siemans Agrees a $1 Billion Settlement for International Bribery Charges
    December 16 2008

    Siemans Agrees $1.3 Billion Settlement for International Bribery Charges Rounding off what has been a bad year for the electronics engineering giant Siemans, comes the anticipated news of the more than $1 billion payment the company has agreed...

  • Sprint Secures Settlement of $17.5 Million for Early Termination Fees
    Sprint Secures Settlement of $17.5 Million for Early Termination Fees
    December 11 2008

    Sprint has secured a preliminary court approval of $17.5 million to settle a pending class action lawsuit over its early termination fees, fees which were ruled illegal in California earlier this year. The settlement excludes the California case...

  • NovaStar Financial Settles Class Action for $7.25 Million
    NovaStar Financial Settles Class Action for $7.25 Million
    December 11 2008

    NovaStar Financial Inc has reached a settlement in a class action securities fraud of $7.25 million. The suit, one of 5 launched against the company in mid-April, 2004, alleged that investors were misled by information that inferred the company had...

  • Wal-Mart Settles Unpaid Work Suit for $54 Million
    Wal-Mart Settles Unpaid Work Suit for $54 Million
    December 10 2008

    Four women from Minnesota who filed a class action suit against their employer Wal-Mart in 2001 have won the suit. The settlement of $54 million will cover approximately 100,000 current and former hourly Wal-Mart and Sam's club Minnesota workers...

  • Del Webb Agrees to Settlement of $27.2 Million for Defective Kitec Plumbing
    Del Webb Agrees to Settlement of $27.2 Million for Defective Kitec Plumbing
    December 3 2008

    A tentative settlement has been reached between Del Webb, the developer of the Sun Cities in the Las Vegas valley, and members of the class action suit brought against the developer over faulty plumbing. Del Webb and its subsidiary Coventry Homes...

  • WR Grace Reaches $140 Million Settlement in Zonolite Insulation Class Action
    WR Grace Reaches $140 Million Settlement in Zonolite Insulation Class Action
    December 1 2008

    On December 1, a tentative $140 million settlement was reached that would settle the class action lawsuit against WR Grace & Co, over Zonolite Attic Insulation. The terms of the settlement would require that WR Grace pay out $140 million over the...

  • Insurer Settles Anorexia Class Action for $1.2 Million
    Insurer Settles Anorexia Class Action for $1.2 Million
    November 26 2008

    People who suffer from the eating disorder anorexia, and who had their health insurance claims denied by their insurer Horizon Blue Cross / Blue Shield of New Jersey, will receive a lump settlement of $1.2 million to end their class action. About...

  • Newspaper Carriers Settle with Paper for $22 Million
    Newspaper Carriers Settle with Paper for $22 Million
    November 25 2008

    Newspaper carriers for the Orange County Register have won their class action lawsuit, by agreeing to a settlement of $22 million. Additionally, the carriers have agreed that they are not employees of the paper, but independent contractors. At the...

  • $2.1 Million Settlement For 25 Investors
    $2.1 Million Settlement For 25 Investors
    November 24 2008

    A $2.1 million settlement has been approved by a Superior Court judge in a class action suit involving some 25 plaintiffs who alleged their investment advisor stole their money, more than $5 million over 5 years. The advisor committed suicide in...

  • Jury Awards $17M to California Residents in AT&T Class Action
    Jury Awards $17M to California Residents in AT&T Class Action
    November 21 2008

    A Kansas jury has awarded a class of AT&T's California residential customers nearly $17 million against the telecommunications giant. The award of $16,881,000 represents 100% of the damages claimed by the class and is subject to mandatory pre...