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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. Lawyers click here to submit your settlements and verdicts to have them published for free.

  • Northwest Airlines Securities Fraud Class Action Voluntarily Dismissed
    Northwest Airlines Securities Fraud Class Action Voluntarily Dismissed
    August 14 2006

    Investors tried to file a class action lawsuit against the airline alleging securities fraud. The lawsuit was filed on behalf of investors who acquired securities of Northwest between April 21, 2005 and September 14, 2005. The United States...

  • Dynacq Healthcare Inc. Securities Fraud Class Action Settlement
    Dynacq Healthcare Inc. Securities Fraud Class Action Settlement
    August 14 2006

    Shareholders filed a class action lawsuit against the company and certain current and former officers and directors for allegedly violating federal securities laws by publishing materially misleading financial statements that did not comply with...

  • Shurgard Storage Centers Inc. and Public Storage Inc. Merger Memorandum of Understanding
    Shurgard Storage Centers Inc. and Public Storage Inc. Merger Memorandum of Understanding
    August 11 2006

    In March 2006, Public Storage agreed to buy Shurgard Storage for about $5 billion. Shareholders filed a putative class action lawsuit against the two storage companies aimed at stopping the planned merger. The case was filed in Washington State...

  • North Fork Bancorporation, Inc. Capital One Class Action Agreement
    North Fork Bancorporation, Inc. Capital One Class Action Agreement
    August 11 2006

    Stockholders filed a class action lawsuit against the bank holding company challenging the proposed merger between Capital One Financial Corporation and North Fork. North Fork has agreed to establish a settlement fund in an aggregate amount of...

  • Willbros Group Inc. Fraud Class Action Settlement
    Willbros Group Inc. Fraud Class Action Settlement
    August 11 2006

    Investors filed a class action lawsuit against the construction and engineering firm claiming bribery and tax fraud at Willbros' international operations. The case was filed against the company along with Chief Financial Officer Warren Williams...

  • Sprint Nextel Corp. Employee Retirement Class Action Settlement
    Sprint Nextel Corp. Employee Retirement Class Action Settlement
    August 11 2006

    A class action lawsuit was filed on behalf of current and former employees claiming their retirement accounts were degraded by being tied to the company's stock. The class included more than 85,000 employees who had money in the company's...

  • Catholic Diocese of Charleston Priest Abuse Class Action Settlement
    Catholic Diocese of Charleston Priest Abuse Class Action Settlement
    August 10 2006

    Four men filed a class action lawsuit against the Diocese alleging sexual abuse and misconduct by two priests. One of the plaintiffs claimed that while living at a Catholic orphanage in Charleston in 1967 and 1968, he was repeatedly sexually...

  • GTI Properties Rent Interest Class Action Settlement
    GTI Properties Rent Interest Class Action Settlement
    August 10 2006

    A class action lawsuit was filed on behalf of former South End tenants claiming the developer did not refund interest earned on last-month rent from 1998 to 2005. The real estate firm transformed former industrial buildings in the South End...

  • TASER International, Inc. Securities Fraud Class Action Settlement
    TASER International, Inc. Securities Fraud Class Action Settlement
    August 10 2006

    Shareholders filed a class action against the electronic control devices company alleging securities fraud. The case was filed on behalf of shareholders who purchased, converted, exchanged or otherwise acquired the common stock of TASER...

  • IBM Corp. Age Discrimination Class Action Appeal Granted
    IBM Corp. Age Discrimination Class Action Appeal Granted
    August 10 2006

    In 1999, IBM decided to switch its pension coverage to a cash-balance plan which called for all employees to receive the same pay credit of 5% and interest credit each year regardless of their age. An age discrimination class action lawsuit was...

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