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Business News 06 Dec 2014 | 12:00 AM

MOL class action is an eye opener

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.

Business 27 Dec 2014 | 7:21 AM

Brazil's Petrobras hit with US class action suit over US$98bil in securities

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.

Business 30 Sep 2015 | 7:56 AM

JPMorgan ordered to face London Whale class action in U.S

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.

World 10 Mar 2018 | 10:33 PM

South African rights lawyer plans listeria class action against Tiger Brands

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.

TECH 22 Mar 2017 | 7:19 AM

US top court weighs Microsoft's appeal in Xbox class action

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.

TECH 07 Jun 2016 | 5:03 AM

US top court lets Google advertising class action suit proceed

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.

TECH 09 Nov 2015 | 8:49 AM

Apple defeats US class action lawsuit over bag searches

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.

TECH 23 Nov 2015 | 6:12 PM

Austria's highest court to decide whether to allow class action vs Facebook

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.

Business 28 Apr 2015 | 1:30 PM

Petrobras writedown may give new ammunition to class-action suit

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.

TECH 26 Sep 2018 | 5:25 AM

No class action for unhappy Uber drivers: US appeals court

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.