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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.

  • Settlements and Verdicts: Cutter & Buck Inc.
    Settlements and Verdicts: Cutter & Buck Inc.
    June 25 2003

    A settlement has been reached in the securities class action lawsuit filed against Cutter & Buck Inc. The suit was in reference to the company's restatement of financial results for the fiscal years of 2000 and 2001. The settlement will be...

  • Settlements and Verdicts: Corel Corporation.
    Settlements and Verdicts: Corel Corporation.
    June 25 2003

    A settlement has been reached, pending court approval, in the class action lawsuit filed against Corel Corporation and its CEO and chairman, Michael Cowpland on behalf of Pennsylvania shareholders who purchased shares of the company's stock...

  • Settlements and Verdicts: Oxford Health Care Insurance Inc. and KPMG LLP.
    Settlements and Verdicts: Oxford Health Care Insurance Inc. and KPMG LLP.
    June 25 2003

    A $300 million dollar settlement has been approved in the securities class action filed against Oxford Health Care Insurance Inc. and KPMG LLP. Included in the class are purchasers of Oxford common stock, purchasers of call-options and sellers of...

  • Settlements and Verdicts: Nanophase Technologies
    Settlements and Verdicts: Nanophase Technologies
    June 25 2003

    A tentative settlement of $2.5 million dollars has been reached in the securities class action filed against Nanophase Technologies. The suit was filed regarding the company's disclosures about its dealings with its British customer Celox. Class...

  • Settlements and Verdicts: Rexall Sundown, Inc.
    Settlements and Verdicts: Rexall Sundown, Inc.
    June 25 2003

    Preliminary approval has been granted in the settlement of the class action lawsuit filed against Rexall Sundown, Inc. regarding the sale of the company's anti-cellulite dietary supplement, "Cellasene", which plaintiffs claim violated state and...

  • Settlements and Verdicts: Bristol-Myers Squibb
    Settlements and Verdicts: Bristol-Myers Squibb
    June 25 2003

    A $41.7 million settlement has been reached in the antitrust class action filed against BuSpar maker Bristol-Myers Squibb. The suit claimed that the company had conspired with a potential competitor to prevent the entry into the market of a...

  • Settlements and Verdicts: Artemis International Solutions Corporation
    Settlements and Verdicts: Artemis International Solutions Corporation
    June 25 2003

    A $550,000 settlement has been reached in the class action lawsuit filed against Proha Plc's subsidiary Artemis International Solutions Corporation. The suit was filed on behalf of shareholders against Opus360 Corporation in April 2001, and the...

  • Settlements and Verdicts: Independence Blue Cross et.al.
    Settlements and Verdicts: Independence Blue Cross et.al.
    June 25 2003

    A settlement has been reached in the class action lawsuit filed against Independence Blue Cross by the Pennsylvania Orthopaedic Society and three Philadelphia physicians. The suit was filed in connection with payment and reimbursement for...

  • Settlements and Verdicts: First Alliance Corporation et.al.
    Settlements and Verdicts: First Alliance Corporation et.al.
    June 25 2003

    A $50.9 million verdict has been awarded in the class action lawsuit filed against Lehman Brothers, First Alliance Corporation, and MBIA Inc. on behalf of more than 7,500 homeowners. The plaintiffs in the suit, all of whom received high-cost...

  • Settlements and Verdicts: AgriFrozen Foods Inc.
    Settlements and Verdicts: AgriFrozen Foods Inc.
    June 25 2003

    A $7.5 million settlement has been reached in the class action lawsuit filed against AgriFrozen Foods Inc. on behalf of farmers who sued the company for fraud and upaid crop payments after the company closed its Woodburn plaint in 2001. The 178...

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