Reuters reports that FinTech firm Plaid Inc. has agreed to pay $58 million to settle allegations that it improperly obtained and profited from user bank account credentials and personal financial information. The company also agreed to change certain of its business practices, according to public filings made in California.
As reported by Law360 (subscription), on July 22, 2021, U.S. District Judge William H. Orrick of the Northern District of California issued an order denying the bulk of the latest wave of defendant motions to dismiss the 18 bellwether suits in multidistrict injury and fraudulent advertising litigation against e-cigarette manufacturer Juul
Amazon notified its customers this week that it will no longer require them to resolve legal complaints with the company through arbitration. The New York Times reports that legal experts are deeming this a major win for consumers, as it reflects a significant retreat from a near-ubiquitous strategy that often helps companies avoid liability. Arbitration
The Am Law Litigation Daily (subscription) recently interviewed complex litigation scholar Deborah Hensler of Stanford Law School, co-author of a new report about the worldwide impact of the massive VW “Clean Diesel” Emissions cases, to get her thoughts on what they mean for global litigation going forward.
Litigation ordered to move forward against financial services startup company Plaid, accused of acquiring customer banking credentials without permission
As reported by Law360 (subscription), on April 13, 2021, U.S. District Judge William H. Orrick of the Northern District of California issued an order denying the second wave of defendant motions to dismiss the cases outright in multidistrict injury and fraudulent advertising litigation against e-cigarette manufacturer Juul and its part-owner Altria. The complaints allege the companies
As reported by Law360 (subscription), JPMorgan Chase Bank has agreed to pay $11.5 million to settle a lawsuit filed by Lieff Cabraser and co-counsel on behalf of a proposed class of homeowners’ alleging that the banking giant failed to pay interest on funds held in escrow for mortgages as required by New York state law.
Plaintiff lawyers in ComEd class action lawsuit point to multiple millions thieved in Madigan bribery scheme In the wake of Commonwealth Edison’s attempt to get the massive class action lawsuit over its bribery of a powerful Illinois lawmaker dismissed, plaintiffs have filed a brief in federal court asking a judge to deny the utility’s effort
As reported by Law360 (subscription), Costco, Marshalls and Gold Coffee Roasters have reached agreements with Hawaii’s Big Island coffee farmers to settle the class action lawsuit filed by Lieff Cabraser and co-counsel accusing them of falsely labeling ordinary coffee beans as premium “Kona” coffee. The settlement includes a $6 million payment from Gold Coffee Roasters
The opinion is expected to have far-ranging effects in what was a previously insufficiently-explored area of contract formation and consumer rights in the new high-tech era On January 4, 2021, the Massachusetts Supreme Judicial Court issued an opinion in the high-profile Massachusetts Uber consumer contracts case about how contracts get formed