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FDAzar > Class Action Lawsuits

CLASS ACTION LAWSUITS CHALLENGE HIGH OVERDRAFT FEES

overdraft fees

American consumers are accustomed to forking over driblets of their hard-earned cash to the banks that handle their personal accounts, from ATM fees to surcharges for writing too many checks in a given month. But one of the most burdensome fees is also one of the most common — the overdraft penalties assessed when a check or debit card transaction exceeds the available funds in your account. Overdraft fees have become a lucrative revenue stream for many banks and credit unions, which collected an estimated $34.3 billion from overdrafts in 2017. Complaints about excessive fees and deceptive or misleading policies designed...

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QUORA USERS FILE CLASS ACTION LAWSUIT OVER DATA BREACH

A federal class-action lawsuit filed by Quora users accuses the social media company of exposing sensitive personal information of up to 100 million people to hackers, leaving the victims vulnerable to a wide range of potential cyber crimes and scams. WHAT IS QUORA? Quora is a question-and-answer platform where questions are asked, answered, edited and organized by a community of users. Launched in 2010, the company was valued at approximately $1.8 billion in 2017 and now claims 300 million monthly unique users. On December 3, 2018, Quora acknowledged that user data were compromised as a result of unauthorized access by a malicious third...

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UPDATE: EDWARD JONES “REVERSE CHURNING” MISLED CLIENTS

Attorneys for former clients of Edward Jones accuse the investment services giant of failing to disclose key aspects of a new program that generated more than $17.2 billion in revenue, much of it at the expense of “small-town, middle-class, buy-and-hold investors” who were misled about high monthly fees. The allegations can be found in a recent court filing by Franklin D. Azar & Associates, opposing efforts by Edward Jones to dismiss a class-action lawsuit brought by former clients, who claim that their assets were shifted into costly fee-based accounts as part of a “reverse churning” scheme. REVERSE CHURNING DEFINITION To understand reverse churning,...

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AZAR FIRM FILES CLASS ACTION LAWSUIT OVER MARRIOTT DATA BREACH

A class action lawsuit filed against Marriott International over a massive data breach that compromised the personal information of up to 500 million people claims that the world’s largest hotel chain failed to address security flaws in an elite customer database for years, failed to notify affected guests for months after the breach was detected — and still hasn’t fixed the problem. The lawsuit, filed on December 13 in the U.S. District Court for the District of Maryland by the law firm of Franklin D. Azar & Associates, names Marriott International and Starwood Hotels and Resorts Worldwide as defendants. Named plaintiffs...

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AZAR FIRM SUES PG&E ON BEHALF OF CALIFORNIA WILDFIRE VICTIMS

PG&E Fire

A class action lawsuit filed late last week on behalf of victims of the Camp Fire claims that Pacific Gas & Electric Co. is responsible for sparking the deadliest wildfire in California history. Since it first erupted in Butte County on November 8, the Camp Fire has resulted in at least 77 deaths, burned more than 150,000 acres and destroyed more than 10,000 homes. Officials say the cause of the blaze is still under investigation, but the lawsuit, filed by Franklin D. Azar & Associates and Garner & Associates, cites multiple reports of problems with a high-voltage power line operated by...

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WHISTLEBLOWER CASES: EXPOSING FRAUD, RIGHTING WRONGS

Woman blowing whistle and pointing

A few weeks ago the Securities and Exchange Commission (SEC) announced that it was paying substantial awards to two private individuals who had assisted the agency in a major enforcement action. One of the two received payment of $15 million; the other received $39 million. All of the money came from fines paid by a major company that had been caught violating securities laws. The SEC declined to reveal the identities of the two recipients. It didn’t reveal any details of the investigation, either, or the name of the major company that was involved, out of concerns that it would compromise...

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GOOGLE TRACKING LAWSUIT: LOCATION STORED W/O PERMISSION

A federal lawsuit claims that Google has generated millions in revenue by secretly storing location data of mobile phone users who believe they’ve opted out of such tracking. That lawsuit was filed October 19 in the Northern District of California by Franklin D. Azar & Associates and seeks class action status on behalf of iPhone and Android users nationwide whose location information was stored by Google despite their efforts to disable the service. HOW DOES GOOGLE SECRETLY STORE YOUR LOCATIONS? A mobile phone’s location is typically tracked by Google whenever the owner uses Google Maps or similar applications. Google’s support page claims that...

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CENTURYLINK LAWSUIT: RETIREMENT FUND INVESTORS SEEK CLASS ACTION STATUS

A motion filed in U.S. District Court in Denver asks a federal judge to grant class action status to a lawsuit against CenturyLink, claiming that the telecom giant mismanaged a retirement fund and cost beneficiaries millions in losses from bad investments. Bonnie Birse and Gerad Detwiler, the named plaintiffs in the suit, are seeking class action certification on behalf of thousands of other participants in the CenturyLink Dollars and Sense 401(k) Plan who invested in the underperforming fund over a five-year period, from April 2012 to the end of September 2017. CENTURYLINK LAWSUIT – A QUESTION OF PERFORMANCE At issue is the Active...

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AZAR FIRM SUES FACEBOOK OVER LATEST SECURITY BREACH

Facebook users affected by the social media giant’s latest security breach have filed a federal class action lawsuit against the company, claiming that a flaw that allowed hackers access to personal data has exposed millions of people to the risk of identity theft. The lawsuit was filed late last week in the Northern District of California by Franklin D. Azar & Associates on behalf of named plaintiffs in California, Colorado and New Jersey. The complaint seeks class action status on behalf of all Facebook users whose private information was compromised by the massive data breach. WHAT IS THE FACEBOOK BREACH? Facebook announced on...

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Azar Law Firm Named Lead Counsel in Securities Class Action Against Flex, Ltd.

DENVER— Franklin D. Azar & Associates, P.C., has been appointed as co-Lead Counsel in a federal securities class action lawsuit filed against the global electronics giant Flex, Ltd., and two of its senior executives. The suit seeks to recover losses suffered by Flex investors after, the complaint alleges, Flex and its senior executives made material misstatements and omissions concerning the company’s internal controls over financial reporting. FDAzar and the Boston-based Thornton Law Firm are litigating the case as co-Lead Counsel on behalf of the Lead Plaintiff, the Bristol County Retirement System, and other Flex shareholders who comprise the putative class members....

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