Class Action Lawsuit Center

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Recently Filed Lawsuits

Stockholders File Lawsuit Against Bank of America : BAC Call and/or Put Options

According to a press release dated March 03, 2010, the complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934. This action arises out of the dissemination of materially false and misleading statements and omissions by defendants concerning the financial conditions of BAC and Merrill Lynch & Co., Inc. ("Merrill") and regarding BAC's acquisition of Merrill (the "Merger").

Stockholders File Lawsuit Against Landwin Group LLC

According to a press release dated March 01, 2010, the lawsuit alleges that shareholders of Landwin Management LLC, which was formed to purchase and manage investment properties, have lost their entire investment due to improper actions undertaken by some of its officers and board members.

Stockholders File Lawsuit Against Smithtown Bancorp, Inc.

According to a press release dated February 25, 2010, the complaint alleges that, throughout the Class Period, defendants failed to disclose material adverse facts about the Companys true financial condition, business and prospects. Specifically, the complaint alleges that defendants failed to disclose: (i) that the Companys financial results were artificially inflated due to SBIs material understatement of its loan loss reserves and SBIs failure to state certain of its assets at their true fair value; (ii) that the Company improperly delayed the recognition of its impaired assets in order to inflate its reported income and asset quality; (iii) that the Companys internal and disclosure controls were materially deficient; and (iv) that the Company, through its subsidiary, was engaged in unsafe and/or unsound banking practices.

Stockholders File Lawsuit Against Mortgage Asset Securitization Transactions, Inc.

According to a press release dated February 25, 2010, the Certificates issued were supported by large pools of mortgage loans generally secured by first liens on residential properties, including conventional, adjustable rate and negative amortization mortgage loans. The Action alleges that the Offering Documents included material misstatements and/or omissions concerning, among other things: (i) the underwriting standards purportedly used in connection with the origination of the underlying mortgage loans; (ii) the maximum loan-to-value ratios used to qualify borrowers; (iii) the appraisals of properties underlying the mortgage loans; and (iv) the debt-to-income ratios permitted on the loans. As a result of the alleged misstatements and omissions, the Certificates were secured by assets that had a much greater risk profile than represented in the Offering Documents causing the Credit Ratings Agencies to assign faulty and inflated credit ratings to the Certificates.

Canadian Meat Recall Class Action

A national class action litigation has been launched on behalf of all consumers who have purchased or consumed recalled meats produced by Siena Foods.

Grand View Memorial Park Class Action Suit Settled For $3.8 Million

A $3.8-million settlement in the long-standing class-action lawsuit against Grand View Memorial Park was announced in Los Angeles.

Savings Bank Life Insurance of Mass. Settles 11-Year Class-Action Lawsuit

The parties in an eleven-year class action lawsuit in the Massachusetts Suffolk Superior Court announced that they had reached a proposed settlement and that notice of the settlement is being sent out tomorrow to certain policyholders of The Savings Bank Life Insurance Company of Massachusetts, also known as SBLI, who are members of the Class. A website dedicated to the proposed settlement is also being launched tomorrow at www.SBLISETTLEMENT.com where additional information is available.

Sears Sued Over Defective Washers

A high-end washing machine, the Kenmore Elite Oasis, sold four years ago by Sears Roebuck and Co. allegedly had a defective control board that prevented users from washing clothes in a more convenient, faster and more efficient manner, as advertised, according to a class action lawsuit filed recently in Madison County Circuit Court.

Class-Action Lawsuit Filed Against Verizon Wireless

A consumer class-action lawsuit has been filed against Verizon Wireless in federal court in New Jersey.

What is a class action?

It's simple. A class action is a lawsuit filed by one or more plaintiffs (who are known as the "named plaintiffs") on behalf of others who have a similar legal claim. Because they allow people to join together as a group in one lawsuit against common defendants, class actions are important for consumers.

Why are class actions important?

The ability to join together in one lawsuit is particularly important for our judicial system to function efficiently. Without class actions, thousands, possibly millions of claims might theoretically flood the court system. Instead, the class action procedure encourages the filing of one single case on behalf of all people harmed, minimizing the need for thousands of individual cases. More importantly, class actions encourage more responsible behavior on the part of corporate defendants.

Why are class actions under attack?

Over the past several years, certain corporations, PAC's, and other interests have attacked class actions and the attorneys who bring them. Much of this criticism has been unfounded. Find out why citizen's groups, consumer groups and other public watchdogs are trying to safeguard your rights. To learn more, Click Here.

The old adage "power in numbers" holds true in class action cases. By spreading the costs of litigation, which can be substantial, among many people, each individual claim can achieve justice. Class actions, comprised of groups of consumers working together to stand up for their rights, demand the attention of corporations and other wrongdoers.