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class action lawsuit

Bank Of America To Pay $2.4 Billion

Bank of America announced on Friday that it will pay $2.43 billion to settle a class-action lawsuit with shareholders following its acquisition of Merrill Lynch in 2008. The $50 billion deal came within days of Merrill Lynch’s collapse,

Occupy News Round-Up

After reviewing video footage from both parties, Judge Jed S. Rakoff of the federal district court in Manhattan sided with the protesters, clearing the way for a class-action lawsuit...

Judge Blasts NYPD, Allows 'Stop And Frisk' Class Action Lawsuit

The glowing praise of the racist "Stop and Frisk" policy by the NYPD and city officials and the fuzzy math statistics that claim vastly reduced crime weren't enough to stop a federal judge today from granting class-action status in a lawsuit against the NYPD that claims the practice violates the constitutional rights of blacks and Hispanics.