Class Action: Cash or Credit?

Debit Card, by Flickr user Neil T, Licensed by Creative Commons.

Pick a card, any card

Visa and Mastercard are just two companies ordered to pay over $900m in the latest from a class action lawsuit. Other defendants include JP Morgan Chase, Bank of America, and Citigroup. Much of the settlement and disagreement was around card-swiping fees, ie the banks were over-charging for uses of credit and debit cards, everywhere from major retail stores to smaller mom-and-pop shops. In this iteration of the settlement, Visa will pay an additional $600m, Mastercard will pay another $108m, and the other banks will make up the rest, totaling $900m. That amount is to be added on to the remainder of the lawsuit, which now exceeds $6b. The lawsuit was filed in a U.S. Eastern District Court of New York.

Read more

Operating on Autopilot

Hardly working.

While some employees wish they could take a quick nap while their bosses are not looking, one California DMV employee took snoozing on the job to a whole new level.  From February 2014 until December 2017, the worker slept at least 3 hours a day at her job.  The daily naps continued for nearly 4 years, with little to no discipline issued to her by supervisors. Read more

Cheaters Never Win

Love hurts.

Typically, adultery is mentioned as a cause for divorce, but in the state of North Carolina, it may be grounds for a lawsuit. Francisco Huizar III plans to appeal an order requiring him to pay $8.8 million to the husband of a woman he romantically pursued for 16 months. Despite the debate behind North Carolina’s arguably outdated alienation of affection laws, Keith King felt it necessary to take legal action against the man whom he points to as the catalyst for his shattered marriage to Danielle Swords. Read more

From Pirate to Plaintiff

Johnny Can’t Deppend on Anyone to Handle His Money

Johnny Depp has agreed to settle a lawsuit, in which he accused his former business managers of negligence and dabbling in fraudulent activities with his money.  The amount of money Depp was looking to recover was $25 million.  Depp played the role of victim, claiming the firm did not uphold their fiduciary duties to him.  He blamed Joel and Robert Mandel of the Management Company, who managed Depp’s affairs for 17 years, for issuing loans to outside entities without Depp’s knowledge, and investing the actor’s money in opportunities for which the managers could also claim stake.  Depp also accused the Management Group of failing to file his taxes in a timely manner.  Despite these accusations, Joel and Robert Mandel filed counterclaims in the lawsuit. Read more

General Motors Switching to a Safer Future

The long road to a settlement

The General Motors defect lawsuit, which was initiated four years ago, is reaching an inevitable settlement with the assistance of the General Unsecured Creditors Trust. The independent trust is handling the company’s bankruptcy, filed in 2009, and is now facilitating the settlement with GM customers. The automotive company exhibited deceptive tactics to hide flaws in the ignition switch and side airbags. There was a direct correlation between the defects and the many claims of car crashes and deaths. Currently, the parties involved in the lawsuit are calculating a resolution. Read more