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Case ID: 4967 | Consumer Products | 01/09/2007
Two men have filed a lawsuit against the Hoosier Indiana Lottery, seeking class-action status as a result of the lottery's admitted misrepresentation of the number and amount of prizes available in a scratch-off game.
Jeff Frazer and Jeff Koehlinger seek reimbursement in the lawsuit filed for their losses in playing "Cash Blast." Frazer purchased $40,000 worth of the $10 tickets and Koehlinger $2,470. The game promised seven grand prizes of $250,000 each, plus several lesser prizes of up to $10,000 each. But in July, after selling 5 million tickets, the lottery abruptly reduced the number and amount of prizes in the course of two weeks, according to the lawsuit. "It was because the prizes never existed," said the plaintiffs' lawyer. "About 60,000 prizes weren't available that people were buying these tickets for," the attorney said. The Hoosier Lottery has admitted to overstating cash prizes in a statement on its Web site. The lottery attributes the problem to a mistake in printing by the lottery's scratch-off vendor that affected up to 2.5 million tickets, which amounted to about $25 million spent on the potentially defective tickets. The lawsuit claims the lottery overstated the number and amount of prizes in the Cash Blast game by as much as $8 million from May 2005 to July 2006. Frazer and Koehlinger complain that the lottery's advertising misled them into thinking the odds were on their side when they bought tickets. "As the game wrapped up, the last 10 to 20 percent of the tickets being left, virtually all the prizes were still available," said Frazer, 51, a real estate contractor. When the problem with the ticket printing was discovered, both men received apologies from the lottery by e-mail, but the lottery refused to refund the money they spent on tickets. Both men say lottery officials told them that despite the defective tickets, the losses could have been coincidence. The lawsuit seeks to represent people who purchased Hoosier Lottery tickets. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Consumer Products Cases of Interest Several class actions have been filed against sportswear manufacturer Vans, Inc. (Nasdaq: VANS) and certain of its officers and directors by stockholders who purchased the company's common stock between March 24, 1999, and May 23, 2002. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The parties have reached a settlement valued at $34 million in a class action filed against Microsoft Corporation on behalf of consumers who, between January 3, 1996, and December 31, 2002, resided in Massachusetts and indirectly purchased Microsoft operating system, productivity suite, spreadsheet, or word processing software for use in Massachusetts. The action alleged that Microsoft violated Massachusetts’ antitrust and unfair competition laws by illegitimately using its monopoly power. Persons eligible to take part in the settlement may contact attorneys for the class for more information. The parties have reached a tentative $750,000 settlement of a class action filed against adult entertainment and multimedia enterprise Metro Global Media, Inc. (Pink Sheets: MGMA, formerly OTCBB: MGMA) and certain of its officers and directors by stockholders who purchased the company's common stock between September 13, 1996, and September 13, 1999. To recover under the settlement, a completed proof of claim postmarked no later than October 27, 2003, must be mailed to the claims administrator.
British Airways and Virgin have been hit with a potentially damaging and expensive class-action lawsuit over an alleged price-fixing conspiracy.
The filing of the lawsuit follows an admission by BA that it was under investigation by the Office of Fair Trading and the American Department of Justice. The probe centers on allegations of price-fixing related to fuel surcharges on long-haul flights. If you are looking for an electronic technology gadget, Best Buy probably has it. Several class actions have been filed against technology store operator Best Buy Company, Inc. (NYSE: BBY) and certain of its officers and directors by stockholders who purchased the company's common stock between January 9, 2002, and August 7, 2002. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. A class action has been filed against Temple-Inland, Inc., a manufacturer of composite hardwood siding for residences and other structures, on behalf of all Missouri residents whose homes or buildings have been fitted with siding manufactured by Temple-Inland. The action claims that the siding is defective. |
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