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.

  • Walt Disney Investors Class Action Dismissed
    Walt Disney Investors Class Action Dismissed
    August 16 2005

    Investors tried to file a class action lawsuit against the company for allegedly breaching its fiduciary duties in hiring and subsequently firing former president Michael Ovitz with a $140 million severance package. Mr. Ovitz only worked 14...

  • Wells Fargo & Co. CA Credit Card Processing Fees Settlement
    Wells Fargo & Co. CA Credit Card Processing Fees Settlement
    August 16 2005

    California residents filed a class action lawsuit against the fifth largest bank in the United States for allegedly charging excessive credit card processing fees to businesses. Wells Fargo has agreed to a $34 million settlement to resolve...

  • Savient Pharmaceuticals, Inc. Securities Class Action Dismissed
    Savient Pharmaceuticals, Inc. Securities Class Action Dismissed
    August 15 2005

    Bio-Technology General Corporation (BTG) is now known as Savient Pharmaceuticals, Inc. Investors who purchased shares of BTG during the Class Period of April 19, 1999 through August 2, 2002 tried to file a class action lawsuit against the...

  • PNC Financial Services Group Accounting Loan Scandal Settlement
    PNC Financial Services Group Accounting Loan Scandal Settlement
    August 15 2005

    If a federal judge approves the class action settlement, approximately 73,000 shareholders will be awarded $193 million. Investors who purchased PNC shares between July 19, 2001, and July 18, 2002 may be included in the proposed settlement...

  • American Federation of State, County, and Municipal Employees Settlement
    American Federation of State, County, and Municipal Employees Settlement
    August 11 2005

    The United States District Court for the District of New Mexico has approved a settlement of a precedent-setting civil rights lawsuit brought by National Right to Work Foundation attorneys that forces union officials to pay more than $146,000 to...

  • Pulte Homes Class Action Dismissed
    Pulte Homes Class Action Dismissed
    August 9 2005

    Approximately 100 homeowners tried to file a class action lawsuit against the company alleging financial losses when Pulte lowered home prices due to a decreased demand for the homes. The class action suit was dismissed without prejudice and...

  • Yellow Roadway Mass Layoff Settlement
    Yellow Roadway Mass Layoff Settlement
    August 9 2005

    Over 1,900 employees filed a class action lawsuit against their employer USF Corp., which Yellow Roadway acquired in May 2005. The lawsuit claimed USF closed 26 freight terminals and laid off workers without advance notice. The Worker Adjustment...

  • Arthur's Seat Chairlift Class Action Injury Settlement
    Arthur's Seat Chairlift Class Action Injury Settlement
    August 8 2005

    In January 2003, 18 people suffered head, neck, and spinal injuries when a pylon collapsed on the Mornington Peninsula chairlift ride. Faulty design and installation of the structure caused water to pool around the base of the pylon plates. Poor...

  • Cree Inc. Securities Class Action Dismissed
    Cree Inc. Securities Class Action Dismissed
    August 8 2005

    Shareholders tried to file a class action lawsuit against the advanced semiconductor company and some of its current and former directors and officers for securities fraud. The United States District Court for the Middle District of North...

  • Eaton Vance Corp. et al. Securities Class Action Dismissed
    Eaton Vance Corp. et al. Securities Class Action Dismissed
    August 4 2005

    Seven shareholders tried to file a class action lawsuit against the companies for allegedly violating the Investment Company Act of 1940, the Investment Advisers Act of 1940, New York law and the common law, and breaching fiduciary duties to the...