Brendan Pierson

Las Vegas casino sues AFM over coronavirus insurance coverage

31 May 2020

Las Vegas' Treasure Island Casino has filed a lawsuit seeking to compel Affiliated FM Insurance Co to pay for losses caused by the coronavirus pandemic, accusing the insurer of acting in bad faith.

Epstein estate, victims reach agreement on compensation fund

30 May 2020

NEW YORK A fund to compensate victims of Jeffrey Epstein's sexual abuse may begin making payouts soon, after the deceased financier's estate, his accusers and the attorney general of the U.S. Virgin Islands resolved their differences over the process.

CORRECTED: Special master says he will approve $1.21 bln Bausch securities settlement

29 May 2020

A federal special master said Wednesday that he would grant final approval to a $1.21 billion settlement by Bausch Health Cos Inc of a shareholder class action alleging the company misled investors about its business operations and financial performance when it was called Valeant Pharmaceuticals.

Pete & Gerry's settles class action over 'free range' egg claims

29 May 2020

Egg seller Pete & Gerry's Organics LLC has settled a class action lawsuit accusing it of deceiving consumers by claiming that its Nellie's brand free range eggs come from hens that can "peck, perch and play on plenty of green grass."

IN BRIEF: California blockchain firm agrees to return proceeds from $25.5 mln ICO

29 May 2020

A California blockchain services firm has agreed to return the proceeds from an unregistered $25.5 million initial coin offering to investors as part of a settlement with the U.S. Securities and Exchange Commission.

IN BRIEF: JPMorgan Chase agrees to pay $2.5 mln in crypto fee class action

28 May 2020

JPMorgan Chase Bank NA has agreed to pay $2.5 million to settle a class action lawsuit over its 2018 decision to begin treating purchases of cryptocurrency with Chase credit cards as cash advances, resulting in higher fees.

Lawsuit over debt collector's warning of 'possible legal action' dismissed

27 May 2020

A federal judge has dismissed a proposed class action against a debt collection firm, rejecting the plaintiff's claim that it violated the Fair Debt Collection Practices Act by falsely telling debtors legal action was imminent if they did not immediately repay their debts.

IN BRIEF: 10th Circuit again sides with FDIC in United Western tax dispute

27 May 2020

The 10th U.S. Circuit Court of Appeals on Tuesday ruled for the second time that a $4 million tax refund issued to bankrupt United Western Bancorp (UWBI) belongs to the Federal Deposit Insurance Corp and not the UWBI's Chapter 7 trustee.

FTC sues payday lenders over alleged unauthorized charges

26 May 2020

The U.S. Federal Trade Commission on Friday announced a lawsuit against a payday lending enterprise for allegedly overcharging withdrawing millions of dollars from consumers' accounts without their permission.

IN BRIEF: New York man charged with $20 mln PPP fraud scheme

22 May 2020

A New York man was arrested Thursday on charges of scheming to defraud the federal coronavirus relief program for business out of $20 million by falsely claiming to employ hundreds of people.

World News