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Category Archives: Class Action
The Largest Class Action Settlements in U.S. History
The top ten largest class action settlements in securities cases in the U.S. have recouped tens of billions of dollars in damages. Enron Corporation (Newby v. Enron Corp., Case No. 4:01-cv-03624): The Enron class action was settled in 2008 for $7.2 billion. The case was filed against Enron after they filed for bankruptcy upon the exposure of widespread internal fraud. WorldCom, Inc. (In re WorldCom, Inc. Sec. Litig., Case No.…
When Should You Hire a Consumer Protection Attorney?
Consumer protection laws exist to safeguard individuals against fraudulent, deceptive, or abusive practices. But when businesses fail to comply with these laws, navigating the consumer marketplace can feel like an exercise in avoiding unfair practices or harmful actions. Knowing when to seek legal advice can make all the difference. A consumer protection attorney can help you understand the rights and protections available to you as a consumer and advocate for…
What Are the Benefits of a Class Action Lawsuit?
A class action is a specific type of civil lawsuit introduced on behalf of multiple similarly situated people that have been impacted by a defendant in the same manner. What differentiates class action claims from individual claims and multi-plaintiff lawsuits is that instead of each plaintiff being named in the complaint and participating directly in the case, only class representatives are named and act on behalf of the entire class.…
What Are the Pros and Cons of Class Actions?
Class action lawsuits are legal mechanisms that enable numerous plaintiffs who share similar grievances to collectively address wrongs committed by larger entities. As with any legal action, there are pros and cons to this style of litigation. The legal team at Miller Shah has extensive experience managing class action cases, providing clients with quality guidance to navigate these complex legal procedures. We help individuals consider the pros and cons of…
Miller Shah LLP Is Investigating Cummins Inc. (NYSE: CMI) on Behalf of Long-Term Shareholders
On January 10, 2024, Cummins Inc. (“Cummins” or “CMI”) (NYSE:CMI), the California-based engine manufacturer, agreed to pay a $1.675 billion penalty in a settlement with the Environmental Protection Agency (“EPA”) and Department of Justice (“DOJ”) regarding vehicle emissions control violations under the Clean Air Act. This is the largest civil penalty in the history of the Clean Air Act and the second largest environmental penalty ever. The EPA and DOJ alleged…
Miller Shah LLP Finalized $124.6 Million Settlement with DST Systems
On October 25, 2023, U.S. District Judge Andrew L. Carter, Jr. granted final approval of a $124.6 million settlement reached in a class action lawsuit against Ruane, Cunniff & Goldfarb Inc., DST Systems, Inc., the Advisory Committee of the DST Systems, Inc. 401(k) Profit Sharing Plan, the Compensation Committee of the Board of Directors of DST Systems, Inc., and Robert D. Goldfarb (collectively, “DST Systems”). The settlement resolves allegations that…
Miller Shah LLP Finalizes $13 Million Settlement with Eversource
On September 27, 2023, U.S. District Judge Janet C. Hall granted final approval of a $15 million settlement reached in a class action lawsuit against Eversource Energy Services Company, the Board of Directors of Eversource Energy Services Company (“Board”), the Eversource Plan Administrative Committee (“Administrative Committee), and the Eversource Investment Management Committee (“Investment Committee”) (collectively, “Eversource”). The settlement resolves allegations that Eversource mismanaged the Eversource 401(k) Plan (“Plan”), to the…
Verizon Agrees to $30 Million Settlement in ERISA Class Action
On July 7, 2023, Plaintiff Melina Jacobs (“Plaintiff”) filed an unopposed motion for preliminary approval of class settlement to resolve claims she brought on behalf of herself, the Verizon Savings Plan for Management Employees (the “Plan”), and other participants of the Plan against Verizon Communication, Inc., (“Verizon”), Verizon Investment Management Corp, the Verizon Employee Benefits Committee, and Marc C. Reed, Matha Delehanty, Andrew H. Nebens, Connia Nelson, Shane Sanders, Robert…
Yale Agrees to Class Certification in ERISA Class Action Lawsuit
On June 29, 2023, Yale New Haven Hospital (“Yale”) agreed to certify a class of over 26,000 current and former participants of the Yale-New Haven Hospital and Tax Exempt Affiliates Tax Sheltered Annuity Plan (the “Plan”) in a lawsuit against Yale-New Haven Hospital, Inc., the Board Of Trustees of Yale-New Haven Hospital, Inc., the System Investment Committee of Yale New Haven Health Service Corp. and System Affiliates, and the Retirement…
Seventh Circuit Ruling Against Northwestern University Clarifies Pleading Standard for ERISA Fiduciary Duty Claims
On March 23, 2023, the U.S. Court of Appeals for the Seventh Circuit, on remand from the Supreme Court, explained how the “plausibility” pleading standard of Bell Atlantic Corp. v. Twombly, 550 U.S. 544 (2007), and Ashcroft v. Iqbal, 556 U.S. 662 (2009), should be applied to breach of fiduciary duty claims under the Employee Retirement Income Security Act (“ERISA”). The Court’s ruling reversed and remanded claims the district court…
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