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: The Lockformer Company.
    Settlements and Verdicts: The Lockformer Company.
    September 11 2003

    Talk to a local bankruptcy lawyer right away! An $18.5 million settlement has been reached and is pending bankruptcy court approval in the class action lawsuit filed against Lockformer Co. of Illinois, and its parent companies, Met-Coil Systems...

  • Settlements and Verdicts: Humana Inc.
    Settlements and Verdicts: Humana Inc.
    September 11 2003

    A $10.2 million settlement has been reached and is pending court approval in the securities class action lawsuit filed against Physicians Corporation of America Inc., now owned by Humana Inc. The suit was filed by investors who claimed that the...

  • Settlements and Verdicts: Cigna Corp.
    Settlements and Verdicts: Cigna Corp.
    September 11 2003

    Preliminary approval has been granted to the $540 million dollar settlement in the class action lawsuit filed on behalf of the nation's 700,000 doctors, claiming that Cigna had chronically skimped on doctor's payments. The settlement includes $400...

  • Settlements and Verdicts: SBC Communications
    Settlements and Verdicts: SBC Communications
    September 11 2003

    A $52 million settlement has tentatively been reached in nine class action lawsuits filed in California from 1999 to 2002, alleging that the company had misrepresented their high-speed Internet DSL service's speed, reliability, security and other...

  • Settlements and Verdicts: Varsity Brands, Inc.
    Settlements and Verdicts: Varsity Brands, Inc.
    September 11 2003

    A settlement has been reached and is pending court approval in two class action lawsuits filed against Varsity Brands, Inc., its board of directors and Leonard Green & Partners, LP. The suits were filed regarding the proposed merger between the...

  • Settlements and Verdicts: Donna Karan International.
    Settlements and Verdicts: Donna Karan International.
    September 11 2003

    A $500,000 settlement has been reached in the lawsuit filed on behalf of 25 garment workers in several of the company's Manhattan factories. The suit, which had sought class action status, alleged that Donna Karan, as well as at least one other...

  • Settlements and Verdicts: Mercedes-Benz
    Settlements and Verdicts: Mercedes-Benz
    September 11 2003

    has reached a $32 million dollar settlement with plaintiffs in the class action lawsuit filed against them by owners of some 1998 through 2001 model Mercedes cars. The suit claims that the company failed to inform car owners that non-synthetic...

  • Settlements and Verdicts: Erie Insurance Group
    Settlements and Verdicts: Erie Insurance Group
    September 11 2003

    A $6.25 million dollar settlement has been reached in the class action lawsuit filed against Erie Insurance Group on behalf of policyholders. The suit includes up to 600,000 plaintiffs, and claimed that the company had tried to approve the use of...

  • Settlements and Verdicts: Baan Company.
    Settlements and Verdicts: Baan Company.
    September 5 2003

    A $32.5 million settlement has been reached and is pending court approval in the class action lawsuit filed against Baan Company by investors. The class in the suit includes all persons who purchased securities of Baan between January 28, 1997...

  • Settlements and Verdicts: Green Tree Financial Corp.
    Settlements and Verdicts: Green Tree Financial Corp.
    September 5 2003

    A $12.5 million settlement has been reached and is pending approval in the class action lawsuit filed against Green Tree Financial Corp., formerly Conseco Finance Corp., by shareholders. The suit alleged that the company's stock was artificially...