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Category Archives: Class Action

September 30

Twitter to Settle Securities Lawsuit for $809.5 Million

Twitter, Inc. (“Twitter” or the “Company”) has agreed to pay $809.5 million to settle a class action securities lawsuit filed by investors in the United States District Court for the Northern District of California. The lawsuit was originally filed in September 2016 and sought remedies under Sections 10 and 20(a) of the Securities Exchange Act of 1934. The lawsuit alleged that from February 6 to July 28, 2015, Twitter and…

September 22

Class Action, ERISA

ERISA: Court Denies Motion to Dismiss in IQVIA Lawsuit

On September 21, 2021, a District Judge in the United States District Court for the Middle District of North Carolina ruled that an ERISA class action lawsuit against IQVIA, Inc., the Board of Directors of IQVIA Holdings, Inc., and its Investment Benefits Committee (collectively, “IQVIA” or “Defendants”), was fit to proceed, denying IQVIA’s effort to dismiss the suit. IQVIA is the plan sponsor for the IQVIA 401(k) Plan (the “Plan”).…

September 17

Class Action, ERISA

Court Denies Motion to Dismiss in L Brands ERISA Lawsuit

On September 16, 2021, a district judge for the United States District Court for the Southern District of Ohio determined that a proposed class action lawsuit against L Brands, Inc., L Brands Service Company, LLC, and its Retirement Plan Committee, (collectively, “L Brands,” the “Company,” or “Defendants”) was fit to proceed, denying the Company’s attempt to dismiss the action. The lawsuit was brought on behalf of participants and beneficiaries of…

August 03

Class Action, ERISA

Omnicom ERISA Class Action Defeats Motion to Dismiss

On August 2, 2021, a District Judge in the United States District Court for the Southern District of New York ruled that the motion to dismiss the ERISA class action lawsuit against Omnicom Group, Inc. ("Omnicom"), the Administrative Committee of the Omnicom Group Retirement Savings Plan (“Administrative Committee”), and individual members of the Administrative Committee (collectively, “Defendants”) was granted in part and denied in part. All claims were allowed to…

July 23

Class Action, ERISA

Biogen ERISA Matter Overcomes Motion to Dismiss

On July 22, 2021, the United States District Court for the District of Massachusetts determined that a proposed class action lawsuit against Biogen, Inc. (“Biogen”) was fit to proceed, denying most of Biogen’s attempt to dismiss the legal action. Biogen is the plan sponsor for the Biogen 401(k) Plan (the “Plan”). With assets totaling over $1 billion, the Plan is in the top 0.1% of all 401(k) plans by size…

June 29

Class Action, Consumer Protection

Bank of America: Judge Grants Initial Approval of Class Action Settlement

On June 28, 2021, a District Judge in the United States District Court for the District of New Jersey granted Plaintiffs’ unopposed motion for preliminary approval of class action settlement in an action against Bank of America, N.A. The Court preliminarily approved the Settlement Agreement as fair, reasonable, and adequate. The lawsuit, initially filed in 2020 by attorneys from Miller Shah LLP, alleges that Bank of America “knowingly concealed, suppressed,…

May 06

ERISA, Class Action, Employee Benefits

Class Action ERISA Lawsuit Against Quest Diagnostics to Proceed

On May 4, 2021, a District Judge in the United States District Court for the District of New Jersey ruled that a class action lawsuit against Quest Diagnostics Incorporated (“Quest”), the Quest Benefits Administration Committee (“Administrative Committee”), the Quest Investment Committee (“Investment Oversight Committee”), and individual members of the Committees (collectively, “Defendants”) was fit to proceed, denying Defendants’ attempt to dismiss the legal action. The lawsuit is being brought on…

April 23

ERISA, Class Action, Employee Benefits

Zachry ERISA Litigation: Motion to Dismiss Denied

On April 22, 2021, a District Judge in the United States District Court for the Western District of Texas ruled that the motion to dismiss the class action lawsuit against Zachry Holdings, Inc. (“Zachry”), Chief Executive Officer of Zachry, the Compensation and Benefits Committee of Zachry (“Committee”), and Does 1-20 (collectively, “Defendants”) was denied, allowing Plaintiffs' claims to proceed. Zachry offers the ZHI 401(k) Retirement Savings Plan (“the Plan”), a…

April 01

Class Action, ERISA

Coca-Cola Bottling Company Can’t Shake Lawsuit Over Mismanaged Retirement Plans

On March 31, 2021, a district judge for the United States District Court for the Western District of North Carolina determined that a class action lawsuit against Coca-Cola Consolidated, Inc., and its Corporate Benefits Committee (collectively, “Coke Bottling,” the “Company,” or “Defendants”), was fit to proceed, denying the Company’s attempt to dismiss the legal action. The lawsuit stems from allegations that the Company mismanaged its defined contribution retirement plan (the…

March 26

Class Action

Honda Can’t Dismiss ‘Sudden Deceleration’ Lawsuit

On March 25, 2021, the United States District Court for the Central District of California determined that a class action lawsuit against American Honda Motors, Inc. (“Honda” or the "Company") was fit to proceed, denying Honda’s attempt to dismiss the legal action. Plaintiffs, represented by Miller Shah LLP, allege that certain of Honda’s model Acura MDX from years 2016 to 2020 and model Acura RDX from years 2019 to 2020…

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