Class action lawsuit against Plains All American expanding
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Workers who lost jobs join lawsuit against Plains
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Court certifies class-action suit over Santa Barbara insurance scam
A class-action lawsuit over whether a Santa Barbara insurance agent’s employers knew about the “churning” scam he was running and let it continue because it boosted profits is headed to trial after its class certification was upheld at the California Supreme Court in March.
Amgen loses case before U.S. Supreme Court
Thousand Oaks-based Amgen has lost a case before the U.S. Supreme Court that would have made it much more difficult for shareholders of public companies to band together and sue firms when their leaders make false or misleading statements. In Amgen v. Connecticut Retirement Plans and Trust Funds, the biotech giant sought to tighten the Read More →
Amgen case before SCOTUS could stymie new class-action suits
On Nov. 5, Thousand Oaks-based Amgen argued a case before the U.S. Supreme Court that could make it much harder for shareholders to form a class when suing a company for making misleading statements that distort its stock price. The outcome, which is likely to be decided by the politics of the individual justices, could Read More →
Finding cures for the corporate class-action lawsuit epidemic
The plague of class-action lawsuits afflicting corporate America is spreading across the Tri-Counties. A stock-price drop. Bam. A merger announcement. Bam. Trying to take a company private. Bam. For journalists, the announcement of a class-action lawsuit typically comes in the form of a press release that gets wide dissemination on BusinessWire and on Yahoo Finance. Read More →
