WASHINGTON (Legal Newsline) - The U.S. Supreme Court heard arguments yesterday in a case that could end cy pres, the practice of steering money in class action settlements to organizations with absolutely no connection to the underlying lawsuit.
Report: Surging securities class actions over corporate M&A, 'adverse events,' a growing 'litigation racket'
Saying the trend carries substantial costs for investors and the entire economy, a new report is calling for reforms to tamp down on the growing surge in the number of so-called securities class action lawsuits filed against companies over mergers, acquisitions or stock price drops - a phenomenon the report author called a "litigation racket."
The judge overseeing multidistrict litigation against the opioid industry has given plaintiffs a stark choice on a tight deadline: Hand over evidence of specific prescriptions they believe were improper or lose the right to present such evidence forever.
EAST ST. LOUIS – Lawyers who settled a $10 billion racketeering claim against State Farm for $250 million seek about $90 million in fees and costs.
BELLEVILLE – Chief Circuit Judge Andrew Gleeson, who had set the first of many pollution trials involving Monsanto and Cerro Copper to be taking place while voters decided whether to retain him, postponed it in August and delayed it indefinitely on Oct. 3.
BELLEVILLE – Lawyers who lowered the expectations of 11,256 clients in a pollution suit against Monsanto and Cerro Copper lowered their fee as a result.
SPRINGFIELD – The Illinois Supreme Court has denied leave to appeal an order questioning a $10 million settlement of 11,256 pollution claims against Monsanto in St. Clair County Circuit Court.
A settlement binding all potential plaintiffs may be the only practical way of ending nearly 2,000 lawsuits against manufacturers, distributors and retailers of addictive opioid painkillers, said plaintiff lawyers attending a conference on opioid litigation this week.
Fayette County judge J. Marc Kelly pushed back a hearing to set a trial date in a suit involving an alleged Madison County bid-rigging conspiracy until after motions to dismiss and for summary judgment are decided.
Auctioneer James Foley, who is accused of participating in a bid-rigging conspiracy with former Madison County Treasurer Fred Bathon, argues that a hearing should be postponed until the plaintiffs establish a class notice plan and respond to numerous motions seeking summary judgment
EAST ST. LOUIS – Class action lawyers may have taken a risk by calling Chief Justice Lloyd Karmeier to the stand in their trial against State Farm, according to an article published in 2013 by Corporate Counsel magazine.
Walgreen Company faces a class-action lawsuit from a customer who alleges the pharmacy chain misrepresented the amount of peanuts in its bags of mixed nuts.
State Farm could have argued other companies wanted Karmeier on court because of asbestos, class actions
EAST ST. LOUIS – U.S. District Judge David Herndon gave class action lawyers many tools to damage Illinois Supreme Court Chief Justice Lloyd Karmeier and State Farm, but on the eve of trial he opened a hole in the class’s armor.
Herndon's pre-trial rulings in Hale v. State Farm lean heavily in favor of plaintiff; Chief Justice Karmeier in crosshairs
Herndon plans a trial to begin Sept. 4 and lasting at least through October.
Wood River city officials did not properly serve property owners when recording liens against their land, a new lawsuit claims.
A federal judge put a class action lawsuit against Chrysler on hold pending appeal.
Ocean Spray Cranberries' cranberry juice continas sugar and preservatives despite a label advertising otherwise, a St. Clair County woman claims in a class action lawsuit.
A St. Clair County resident seeks class action status over her claims that Canada Dry Ginger Ale is not made with real ginger.
A federal court refused to dismiss a class-action lawsuit alleging insurance companies unlawfully withheld interest on payments for services provided through workers' compensation.