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75,000 Walmart Employees File Class Action
Class Action News |
2007/11/30 15:23
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More than 75,000 current or former Wal-Mart (NYSE:WMT) employees in the State of Washington will receive letters over the next several days notifying them that they are part of a statewide class action lawsuit against the nation’s largest private employer: Wal-Mart. The lawsuit, which was filed in 2001, is believed to be the largest class action in the State’s history. Beth Terrell, attorney with the Seattle law firm Tousley Brain Stephens, will address the Seattle media this morning at 10:30 a.m. at the firm’s offices: 1700 7th Avenue, Suite 2200, downtown Seattle.
According to the notice that could arrive in the mail as early as today, hourly employees who worked “off the clock” (without compensation) or worked through rest or meal breaks at Wal-Mart or Sam’s Club stores in Washington at any time from September 10, 1997, to the present are automatically considered Class Members. Employees in the class will share in any money or benefits that come from a trial or settlement.
The lawsuit was filed in King County Superior Court nearly six years ago and was certified as a class action in October of 2004. The case was put on hold when Wal-Mart appealed the class-certification decision to both the State Court of Appeals and the State Supreme Court. The Court of Appeals ruled against Wal-Mart and affirmed class certification. The Supreme Court denied review, allowing the lawsuit to move forward.
Trial is expected to begin in Spring of 2009. King County Superior Judge Julie Spector will preside.
Attorney Beth Terrell (Tousley Brain Stephens PLLC, Seattle), represents the employees. Terrell says the court’s decision to allow the case to proceed as a class action “is a victory for Wal-Mart employees who, like other hourly employees in Washington, deserve to receive proper rest and meal breaks and to be paid for all hours worked.”
For a decade now, hourly employees of Washington Wal-Mart stores have complained of missing their rest and meal breaks and having to work off the clock. Georgie Hartwig, one of the plaintiffs in the class action, will participate in today’s press conference.
Hartwig worked for the Colville, Washington store for six years, and estimates that she worked two to five hours over her “clocked” time every week. “For hourly workers like Wal-Mart employees, a few hours of pay a week can make a real difference in their paychecks,” Terrell stated. Hartwig’s work load was so heavy that she often skipped meal and rest breaks in order to finish her work.
Hartwig’s story is echoed by other Wal-Mart employees, not only in Washington, but around the country. In California, a judgment was entered against Wal-Mart for nearly $167 million brought on behalf of 115,919 employees who said they did not receive proper meal breaks. In Pennsylvania, a $151 million dollar judgment was entered against Wal-Mart on behalf of 187,000 employees who made similar claims about breaks, and worked off the clock without pay. A class action on behalf of 56,000 Minnesota Wal-Mart and Sam’s Club employees is currently in trial in that state. That trial is expected to be completed by the end of the year.
Rachel Geman, co-lead class counsel (Lieff Cabraser Heimann & Bernstein LLP, New York), says, “Wal-Mart’s own documents show that it systematically deprived its employees of hard-earned pay through widespread wage and hour violations. Wal-Mart knew about these violations but did nothing to correct them.”
WAL-MART EMPLOYEES SEEKING INFORMATION ABOUT THIS CLASS ACTION LAWSUIT ARE ENCOURAGED TO GO TO: www.walmartwageswa.com or call toll free 800-795-8543.
MS. HARTWIG AND ATTORNEY BETH TERRELL WILL DISCUSS THE LAWSUIT WITH MEMBERS OF THE PRESS AT 10:30 A.M. (PACIFIC). COPIES OF LEGAL DOCUMENTS WILL BE PROVIDED TO MEMBERS OF THE PRESS ATTENDING THE PRESS CONFERENCE.
For further information, contact Seattle attorney Beth Terrell at 206-682-5600. |
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Ericsson LM Telephone Co. Class Action Filed
Class Action News |
2007/11/30 15:22
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Goldman Scarlato & Karon, P.C., a law firm with offices in Pennsylvania and Ohio, announces that a lawsuit has been filed in the United States District Court for the Southern District of New York, on behalf of persons who purchased or otherwise acquired publicly traded securities of Ericsson LM Telephone Co. (“Ericsson” of the “Company”)(NASDAQ:ERIC) between February 2, 2007 and November 20, 2007, inclusive, (the “Class Period”). The lawsuit was filed against Ericsson and certain officers and directors (“Defendants”).
If you are a member of this class and wish to view a copy of a complaint and join this class action, please e-mail us at info@gsk-law.com and request a copy of the complaint and a plaintiff certification. If you are a member of the Class, you may move the Court no later than December 29, 2007 to serve as a lead plaintiff for the Class. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. However, if you choose to remain an absent class member, unless and until a class is certified, you are not represented by counsel.
The complaint alleges that Defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. The complaint alleges that Defendants disseminated false and misleading statements regarding demand for the Company’s mobile network equipment. When Defendants belatedly conceded that demand for its products was far weaker than disclosed, shares of ERIC reacted negatively to the news. Ericsson’s ADS shares, traded on NASDAQ, which had traded as high as $43.41 during the class period, fell to a three year low of $23.00 per share following its announcement that demand for its products had in fact fallen.
If you bought Ericsson securities between February 2, 2007 and November 20, 2007, inclusive, and would like to obtain information about the lawsuit, then you are invited to call (888) 753-2796 to speak with an advisor. |
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Virgin Mobile USA faces class-action lawsuit
Class Action News |
2007/11/29 16:14
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Shareholders who lost money after investing in Virgin Mobile USA have filed a class-action lawsuit against the mobile phone company. Virgin Mobile USA began as a 50:50 joint venture between Sprint Nextel and Branson's Virgin Group
Law firm Kahn Gauthier Swick filed the suit on behalf of investors and is urging those who lost more than $100,000 to inquire about applying for lead plaintiff status in the case.Virgin Mobile USA began as a 50:50 joint venture between Sprint Nextel and Sir Richard Branson's Virgin Group, which floated the company last month. The shareholders suing the business invested in Virgin Mobile USA's initial public offering, or later bought its stock in the open market. Last month, the pay-as-you-go service provider sold 27.5m shares for $15 each, at the low end of expectations. The shares rose as high as $16.63 a share on the first day on the open market, but have since steadily declined, amid a broader market sell-off. advertisementThey were trading down 27c at just $7.25 yesterday afternoon, having fallen around 55pc from their peak. The offering raised $413m. The company had said it would use the proceeds from the stock sale to repay debt and to buy out 16.7pc of Sprint Nextel's interest. A spokesman for the company said: ''The lawsuit is completely without merit and we will defend it vigorously." The company is a separate entity from Virgin Mobile in the UK, which was sold to cable giant NTL to form Virgin Media, in which Sir Richard is the largest shareholder - as he is is Virgin Mobile USA. |
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JDSU Wins Class Action Jury Verdict
Class Action News |
2007/11/27 16:02
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| JDSU today announced that a jury has ruled in favor of the Company on all claims in a securities class action lawsuit filed by Connecticut Retirement Plans and Trust Funds against the Company in the United States District Court for the Northern District of California, Oakland, California. "We are extremely gratified by the jury's verdict, as we have always believed that the plaintiffs' claims were without merit," said Kevin Kennedy, JDSU's President and Chief Executive Officer. "We will continue focusing our full attention on developing innovative products and delivering on the significant potential of our business model to create shareholder value." The Company noted that while the jury's decision in this case is a significant positive milestone, it continues to defend itself in the securities class action and related litigation. |
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The Rosen Law Firm Files Securities Class Action
Class Action News |
2007/11/17 17:18
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The Rosen Law Firm today announced that it has filed a class action lawsuit on behalf of all purchasers of Industrial Enterprises of America, Inc. ("IEAM" or the "Company") (NASDAQ: IEAM) (formerly IEAM.OB) stock during the period from November 14, 2006 through November 8, 2007 (the "Class Period"). To join the IEAM class action, go to the website at http://www.rosenlegal.com or call Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com for information on the class action. NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER. The case is pending in the United States District Court for the Southern District of New York as case no. 07-CV-10321. You can obtain a copy of the complaint from the clerk of court or you may contact counsel for plaintiffs Laurence Rosen, Esq. or Phillip Kim, Esq. toll-free at 866-767-3653 or email lrosen@rosenlegal.com or pkim@rosenlegal.com. The complaint charges that IEAM and certain of its present and former officers, directors, and control persons violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by issuing materially false and misleading statements pertaining to IEAM's business prospects and condition, and filing financial statements with the SEC materially false financial statements. On November 7, 2007 the Company announced that investors could no longer rely on its historical financial statements and that the Company had not properly followed generally accepted accounting principles, necessitating a revision of reported revenue, among other things. The Company also announced that it had suspended its CFO pending a review. As a result of these events, the Complaint asserts that the price of IEAM stock dropped, damaging investors. A class action lawsuit has already been filed on behalf of IEAM shareholders. If you wish to serve as lead plaintiff, you must move the Court no later than January 15, 2008. If you wish to join the litigation or to discuss your rights or interests regarding this class action, please contact plaintiff's counsel, Laurence Rosen, Esq. or Phillip Kim, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at lrosen@rosenlegal.com or pkim@rosenlegal.com. The Rosen Law Firm has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud. The Rosen Law Firm represents investors throughout the nation, concentrating its practice in securities class actions. |
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Milberg Weiss Investigates 401(k) Savings Plan
Class Action News |
2007/11/14 23:17
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The law firm of Milberg Weiss LLP is investigating possible illegal conduct relating to The First American Corporation 401(k) Savings Plan. Specifically, Milberg Weiss is investigating whether certain fiduciaries of the plan may have violated the Employee Retirement Income Security Act of 1974 ("ERISA") in at least two ways: (1) by allowing employee participants to invest in First American common stock when it was not prudent to do so, and (2) by failing to disclose First American’s problems.
The Milberg investigation relates to certain facts alleged in the lawsuit filed on November 1, 2007 by the Attorney General of the State of New York against First American Corporation (NYSE:FAF) and its wholly-owned subsidiary, eAppraiseIT. The suit alleges that First American Corporation violated federal and state laws by conspiring with Washington Mutual to inflate real estate appraisals. Disturbingly, evidence collected by the Attorney General, including internal emails, are alleged to show that eAppraiseIT executives knew that their scheme was illegal.
If you have an individual account with The First American Corporation 401(k) Savings Plan and your account holds First American Corporation common stock, you may have legal claims under ERISA.
Milberg Weiss LLP has been representing individual and institutional investors for nearly 40 years and serves as lead counsel in federal and state courts throughout the United States. Please visit the Milberg Weiss website (http://www.milbergweiss.com) for more information about the firm. If you wish to discuss this matter with us, or have any questions concerning your rights and interests with regard to this matter, please contact the following attorneys:
Lori G. Feldman
Anita B. Kartalopoulos
Milberg Weiss LLP
One Pennsylvania Plaza, 49th Fl.
New York, NY, 10119-0165
Phone number: (800) 320-5081
Email: contactus@milbergweiss.com
Website: http://www.milbergweiss.com |
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