Lieff Cabraser Civil Justice Blog

MET INVESTORS ALERT: Lieff Cabraser Announces Securities Class Action Against MetLife, Inc.

MetLife, Inc. Investors Alert

SAN FRANCISCO, CA – Lieff Cabraser announces that class action litigation has been filed on behalf of investors who purchased or otherwise acquired the publicly traded securities of MetLife, Inc. (“MetLife” or the “Company”) (NYSE: MET) between February 27, 2013 and January 29, 2018, inclusive (the “Class Period”). [Read more…]

SMCI INVESTORS ALERT: Lieff Cabraser Announces Securities Class Action Against Super Micro Computer, Inc.

SMCI INVESTORS ALERT: Lieff Cabraser Announces Securities Class Action Against Super Micro Computer, Inc.

Lieff Cabraser Heimann & Bernstein, LLP announces that class action litigation has been filed on behalf of investors who purchased or otherwise acquired the securities of Super Micro Computer, Inc. (“Super Micro” or the “Company”) (Nasdaq: SMCI) between August 5, 2016 and January 30, 2018, inclusive (the “Class Period”). [Read more…]

Kelly Dermody Moderates Panel at 2018 Impact Fund Class Action Conference in San Francisco

Kelly Dermody at the 2018 Impact Fund Class Action Conference in San Francisco

Kelly Dermody will be moderating a panel today at the 2018 Impact Fund Class Action Conference at the Hotel Kabuki in San Francisco. The panel, entitled “Wedding Cakes, Military Service, & Bathrooms, Oh My!” will focus on defending against threats to the LGBT community: “From court decisions holding that Title VII prohibits discrimination based on sexual orientation to the proposed ban on transgender soldiers serving in the military, it is a time of dramatic ups and downs. Our speakers are leading the fight for equal rights for the LGBT community, and will tell us where they have set their sights in 2018 and beyond.” [Read more…]

Berkeley Law Launches Path-Breaking Consumer Law Center

Elizabeth Cabraser

Major Gift Launches New Berkeley Center for Consumer Law and Economic Justice

Berkeley Law is launching a new center that aims to make the school a national and global leader in the study, research, and practice of consumer law. Established by a founding gift from renowned litigator and Berkeley Law alumna Elizabeth Cabraser, the Berkeley Center for Consumer Law and Economic Justice is the first of its kind among top-tier law schools. [Read more…]

56 Cities and Counties Ask 9th Circuit Court of Appeals to Affirm District Court’s Nationwide Injunction Against Trump Administration’s Executive Order Threatening Withdrawal of Funds from “Sanctuary” Jurisdictions

Sanctuary Cities Fight

Fifty-six cities and counties across the country have filed an amicus brief asking a federal appeals court to uphold the U.S. District Court’s late 2017 nationwide injunction against the Trump Administration’s Executive Order that threatened local governments with “defunding” if they failed to cooperate with Immigration & Customs Enforcement (ICE) to the administration’s satisfaction. [Read more…]

Takata Reaches Agreement to Pay Compensation for Injured Drivers and Passengers from Airbag Defect

Takata Reaches Agreement to Pay Compensation for Injured Drivers and Passengers from Airbag Defect

Automakers and Key Safety Systems (the company acquiring Takata’s viable business assets) have agreed upon a deal that will end the bankruptcy for Takata Corp’s U.S. unit, TK Holdings Inc. The agreement includes a trust that will be established to pay compensation for those injured or killed by defective Takata airbags. Compensation will vary based on the type of injury, ranging from $10,000 for bruising to $5 million for death or loss of eyesight. [Read more…]

Bruce Leppla Discusses Role of Investment Funds in Corporate Misconduct at CII Spring 2018 Conference

Bruce Leppla Discusses Role of Investment Funds in Corporate Misconduct at CII Spring 2018 Conference

Lieff Cabraser partner Bruce W. Leppla will be speaking at the Council of Institutional Investors (CII) Spring 2018 Conference at the Omni Shoreham Hotel in Washington DC from March 12-14, 2018. On Tuesday, March 13th at 4:30 p.m., Mr. Leppla will be presenting “Where Are The Gatekeepers? The Need for Investment Firm Oversight of the Capital Markets.” The presentation will cover the role investment funds play in efforts to curtail corporate misconduct and fraud. [Read more…]

Equifax Consumer Hack Significantly Worse Than Equifax Admitted

Equifax Consumer Hack Significantly Worse Than Equifax Admitted

In documents provided to the Banking Committee of the U.S. Senate, Equifax has now admitted that the breach of its data systems originally reported in September of 2017 that affected over 145 million Americans was significantly worse than it has previously reported. A forensic investigation into Equifax records disclosed that beyond the compromise of names, birth dates, credit card numbers, driver’s license numbers, and Social Security numbers, criminals also gained access to tax identification numbers, phone numbers, and email addresses. These newly reported breaches also included fine details about the information, including card expiration dates and issuing states of driver’s licenses. [Read more…]

State Farm Will Have to Face Campaign Funding Racketeering Claims

State Farm Will Have to Face Campaign Funding Racketeering Claims

In a victory for 4.7 million policyholders, a federal judge in Illinois has ruled that State Farm must face a class action lawsuit alleging the company entered into a secret scheme to seat a sympathetic judge to overturn a $1.05 billion judgment against the company for approving the use of lower-quality non-original equipment manufacturer (non-OEM) automotive parts for repairs to policyholder vehicles. The judge rejected State Farm’s argument that the suit over racketeering claims are an improper effort to relitigate claims already reviewed in the related state court case. [Read more…]

Lieff Cabraser Files Class Action Lawsuit Against Credit Suisse Over Alleged Withholding of $300 Million from U.S. Brokers

business financial accounting

As reported by Reuters, Lieff Cabraser has filed a class action lawsuit against global financial services company Credit Suisse Group accusing it of withholding up to $300 million of pay from U.S. brokers. The plaintiffs allege that Credit Suisse cancelled deferred compensation owed to brokers who elected not to move to Wells Fargo under a recruiting agreement between the banks after Credit Suisse closed down its private banking unit in 2015. [Read more…]