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The Alternative View - By M. Shanmugam
THE move by four legal firms to file class-action suits against Nasdaq-listed MOL Global Inc is a clear example that a combination of shareholder activism with assistance from legal vultures is a potent combination to take to task companies that perform below expectations.
NEW YORK: Brazil's state-run oil company Petroleo Brasileiro SA and some of its executives were hit with a U.S. class action lawsuit by investors in US$98 billion of the company's securities over an alleged kickback and bribery scheme.
NEW YORK: JPMorgan Chase & Co shareholders on Tuesday won court permission to pursue their securities fraud lawsuit against the bank over the "London Whale" trading scandal, which caused a US$6.2 billion loss, as a class action.
JOHANNESBURG (Reuters) - A human rights lawyer plans to launch a class action lawsuit against South African food producer Tiger Brands on behalf of the families of people who died and those affected by the worst listeria outbreak in history.
US Supreme Court justices expressed support for Microsoft Corp’s bid to fend off class action claims by Xbox 360 owners who say the videogame console gouges discs because of a design defect.
The US Supreme Court let stand a lower court's decision to allow a class action lawsuit against Google Inc to proceed regarding claims that the company deceived California advertisers about the placement of Internet ads through its Adwords service.
Apple Inc defeated a US class action lawsuit brought by Apple retail workers over bag search practices at the company's California brick and mortar outlets, according to a court ruling.
Austrian student Max Schrems's attempt to bring a class-action lawsuit against Facebook over its privacy policies will head to Austria's Supreme Court to determine whether such collective legal action is allowed, his group said.
WILMINGTON: Brazilian oil company Petrobras' $17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could instead provide fresh ammunition for a U.S. class action lawsuit.
Uber Technologies Inc won a legal victory on Sept 25 as a federal appeals court said drivers seeking to be classified as employees rather than independent contractors must arbitrate their claims individually, and not pursue class-action lawsuits.