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Report: Surging securities class actions over corporate M&A, 'adverse events,' a growing 'litigation racket'
Saying the trend carries substantial costs for investors and the entire economy, a new report is calling for reforms to tamp down on the growing surge in the number of so-called securities class action lawsuits filed against companies over mergers, acquisitions or stock price drops - a phenomenon the report author called a "litigation racket."
LOS ANGELES (Legal Newsline) – A California appellate court recently held attorneys fees could be applied to the state's 10:1 punitive-to-compensatory damages limit while weighing in on a case involving a life insurance company’s alleged fraud against a disabled veteran.
LOS ANGELES (Legal Newsline) — A California woman who alleges she received several unsolicited sales calls from Century 21 Real Estate, despite her number being listed on the National Do-Not-Call Registry, has filed a lawsuit against the company.