Phil Law Weblog

USA’s leading class-action securities law firm, Milberg Weiss Bershad & Schulman, and two of its partners were charged yesterday with making more than $11 million in secret payments to three individuals who served as plaintiffs in more than 150 lawsuits!

CNL Hotels & Resorts Inc., a large Orlando-based real estate investment trust has agreed to pay $35 million to settle a shareholders’ lawsuit that challenged the company’s finances.

A class action lawsuit has been filed in the U.S. District Court for the Southern District of New York against Fairfax Financial Holdings Ltd. (”Fairfax Financial” or the “Company”) (NYSE:FFH) and certain officers on behalf of Fairfax Financial securities purchasers during the period March 24, 2004 through March 21, 2006, inclusive (the “Class Period”), for [...]

Expedia, Travelocity and Orbitz, Web-based travel clearinghouses have been sued by Several cities around the countries, alleging they have failed to pay millions of dollars in hotel taxes.

Two class action lawsuits, targeting Verizon for their role in voluntarily providing information on what numbers hundreds of thousands of customers called since 9/11 has been filed in response to the recently publicized National Security Agency program of gathering telephone call information from major phone service providers.

A class action lawsuit alleging Home Depot, Inc. (”Home Depot” or the “Company”) (NYSE:HD) and certain of its officers and directors for violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by the making of materially false and misleading statements concerning Home Depot’s operations and financial condition which caused Home Depot’s [...]

U.S. Magistrate Stephen Riedlinger in Baton Rougehas recommended class action status of ExxonMobil lawsuit to be denied.

The AP/Houston Chronicle reports published in the New England Journal of Medicine says that about 40% of the medical malpractice claims filed in the U.S. are groundless.

A lawsuit alleging GlobeTel Communications Corp. for violation of federal securities laws by issuing a series of materially false statements, has been filed in the United States District Court for the Southern District of Florida on behalf of all persons who purchased or otherwise acquired the securities of GlobeTel Communications Corp. (”GlobeTel” or the “Company”) [...]

Samsung Electronics Co. Ltd., Hynix Semiconductor Inc. and Infineon Technologies AG have agreed to settle a class action lawsuit in which they have all pleaded guilty to charges of DRAM price fixing between 1999 and 2003 stemming from an investigation by the U.S. Justice Department.