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.

  • WSB Financial Reaches Tentative Settlement of $4.45 Million
    WSB Financial Reaches Tentative Settlement of $4.45 Million
    October 14 2008

    WSB Financial Group, the parent company of Westsound Bank, today reported it has entered into a settlement agreement with the lead plaintiff in the pending securities class action. The class action settlement is subject to the approval of the United...

  • Target Settles with NFB for $6 Million
    Target Settles with NFB for $6 Million
    October 10 2008

    Target Settles with NFB for $6 Million A 2-year class action lawsuit has finally ended with Target agreeing to pay a $6 million settlement, and make its website more user-friendly for blind people. The suit was brought by the National...

  • Wachovia Settles Telemarketing Suits for $200 Million
    Wachovia Settles Telemarketing Suits for $200 Million
    October 10 2008

    A proposed settlement filed Friday morning would see Wachovia pay more than $200 million to settle 2 telemarketing class actions. This would increase the amount of an existing fund from $125 million to $163 million established earlier by federal...

  • United Rentals Settles Class Actions for $27.5 Million
    United Rentals Settles Class Actions for $27.5 Million
    October 7 2008

    America's largest construction equipment rental company has settled 3 class action lawsuits for $27.5 million. In 2004 United Rentals was sued following a Securities and Exchange Commission accounting probe, by investors who bought securities in...

  • Body Armor Manufacturer Settles with the Justice Department for $30 million
    Body Armor Manufacturer Settles with the Justice Department for $30 million
    October 7 2008

    Armor Holdings, makers of bulletproof vests that contained defective zylon, will pay the US government $30 million as compensation. Federal, state and municipal law enforcement agencies bought the vests and were partially reimbursed by the...

  • Ohio Class Action Against Pricewaterhouse Coopers Settled for $97.5 Million
    Ohio Class Action Against Pricewaterhouse Coopers Settled for $97.5 Million
    October 6 2008

    A lawsuit claiming that Pricewaterhouse Coopers helped mislead investors about American International Group's earnings, will be settled with a $97.5 million pay out by the accounting firm to the state of Ohio. According to Ohio's attorney general...

  • $3 Million Settlement in Bullitt Train Class Action
    $3 Million Settlement in Bullitt Train Class Action
    October 6 2008

    A federal class action lawsuit filed in January 2007, over the derailment of a train in Bullitt County, KY, has been settled for $3 million. During the derailment 500 local residents were evacuated and some taken to hospital, as the area was...

  • Truck Accident Victims Awarded $1.5 Million Compensation
    Truck Accident Victims Awarded $1.5 Million Compensation
    October 3 2008

    Two Austin men have been awarded $1.5 million as compensation for injuries they received in an 18-wheeler accident 2 years ago. As a result of the accident 1 of the men suffered a fractured vertebra and the other sustained serious injury to his...

  • Glaxo to Pay $40 Million in Paxil Settlement with Insurers
    Glaxo to Pay $40 Million in Paxil Settlement with Insurers
    October 2 2008

    GlaxoSmithKline (GSK) has agreed to $40 million to settle a long-running lawsuit over Paxil, its beleagured antidepressent. The settlement will go to insurers to reimburse health plans that covered the use of the drug in children and adolescents...

  • Preliminary Multi-Million Dollar Settlement Announced in Combined OSB Class Actions
    Preliminary Multi-Million Dollar Settlement Announced in Combined OSB Class Actions
    October 1 2008

    Preliminary Multi-Million Dollar Settlement Announced in Combined OSB Class Actions A lawsuit claiming that certain manufacturers of Oriented Strand Board ("OSB") unlawfully raised the prices paid by end user indirect purchasers of OSB has had a...