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Fdazar > Class Action Lawsuits

WHAT GOES UP: THE VOLATILE WORLD OF CRYPTOCURRENCY

Bitcoins

Tales of instant wealth are hard to resist. Popular media accounts about the emerging markets for cryptocurrency are teeming with stories of overnight Bitcoin millionaires — like the 19-year-old investor featured in this CNBC report, who parlayed a $1000 gift from his grandmother into a fortune that CNBC valued at $4.4 million. Spurred on by such news, a stampede of hopefuls have plunged into the cryptocurrency markets in the past two years, hoping to make a killing, even if they don’t know the difference between a blockchain and a blockbuster. Unfortunately, those who belatedly joined the feeding frenzy have seen...

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PLAN PARTICIPANTS WIN ROUND IN BATTLE OVER NATIONWIDE 401K FEES

A Broken Egg With 401K Tag Sit on a Pile of Money

A federal judge has denied a motion to dismiss a lawsuit that claims financial services giant Nationwide Insurance Company is charging excessive fees for recordkeeping for 401(k) plans. The lawsuit, filed in June 2017 by Denver law firm Franklin D. Azar & Associates, alleges that Nationwide charged the Andrus Wagstaff, PC 401(k) plan and other similarly situated 401(k) plans excessive fees for recordkeeping and other services, resulting in charges as high as $625 per participant in 2014 and $500 per participant in 2015. The lawsuit alleges that those fees are almost ten times the reasonable charge for recordkeeping and other services,...

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OMG, TMI: TIPS FOR PROTECTING YOUR PRIVACY ONLINE

These are tumultuous times out in cyberspace, from the massive data breach at Equifax last year that compromised the personal data of 148 million people to the recent revelations that private information about millions of Facebook users ended up in the hands of a political data firm seeking to influence voter behavior. In the wake of those incidents and others, more and more users of social media doubt their ability to protect their personal information online. According to a survey by the Pew Research Center, only nine percent of respondents are “very confident” that the safeguards on social media sites...

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WELLS FARGO CLASS ACTION LAWSUITS SEEK DAMAGES FOR EXCESSIVE AUTO LOAN COSTS

insurance contract

Thousands of motorists who financed their cars through Wells Fargo over the past decade may be entitled to compensation for being forced to buy insurance they didn’t need or for other fees that weren’t properly refunded. Two separate class-action lawsuits filed by Franklin D. Azar & Associates are seeking refunds for bank customers of the improper charges, and class members may be entitled to additional compensation for other damages caused by Wells Fargo’s actions...

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WORKING CLASS BLUES: JOBS THAT DON’T PAY MINIMUM WAGE

The Wage and Hour Division of the U.S. Department of Labor is responsible for enforcing the minimum wage. However, the law that governs wage requirements, carves out exceptions for certain kinds of employment. Some of the exemptions apply to specific classes of workers, such as young trainees, who are arguably getting other benefits from the work besides a paycheck. What can be done about wage and hour violations? ...

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UNDERSTANDING THE HOW AND WHY OF A CLASS ACTION LAWSUIT

class action logo

A class action is a type of lawsuit in which one or several plaintiffs represent a larger group (or “class”) of people who’ve suffered similar damages. The number of claims involving common damages makes it more efficient to combine them into a single cause of action. Filing a class action lawsuit, instead of numerous individual lawsuits, can benefit a large number of plaintiffs through a single legal action, which saves on costs and court time, prevents inconsistent verdicts, and allows individuals to combine their resources to make their case exponentially stronger. But to get started can be daunting – just...

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Payday Loans: A Matter of Life and Debt

Payday Loan Check

The unemployment rate is at the lowest it’s been in decades, but our nation’s economy is still more fragile than many people realize. An estimated eight out of ten American workers — close to 95 million people — are reportedly living paycheck to paycheck, with little in the way of cash reserves to tide them over in the event of a financial emergency. And over the course of a year as many as 12 million cash-poor customers will turn to payday loan operations for short-term, ready cash to help them keep up with their bills. Payday lending is an undeniably controversial...

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FORCE PLACED INSURANCE LAWSUIT OVER WELLS FARGO AUTO LOANS

insurance contract

Thousands of motorists who financed their car through Wells Fargo over the past decade may be entitled to compensation for being forced to buy insurance they didn’t need. A class-action lawsuit filed by Franklin D. Azar & Associates seeks a refund of the wrongly charged insurance premiums, and class members may be entitled to additional compensation for other damages caused by Wells Fargo’s actions. WHAT IS FORCE PLACED AUTO INSURANCE? In a practice stretching from 2006 to 2016, Wells Fargo required customers seeking car loans to take out insurance policies to protect the vehicles’ value in the event of damage. Such policies,...

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