Class Action Spotlight (Week Ending August 19, 2022)

Financial Recovery Strategies keeps up to date on the latest in class action developments.  Here is a recap of some of the latest key developments.

Federal judge gives final approval to $2.67B BCBS antitrust settlement

A federal judge in Alabama has approved a final settlement of $2.67 billion with Blue Cross Blue Shield companies following a decade long legal battle over alleged anticompetitive behavior that negatively affected members, The Wall Street Journal reported Aug. 9. (Read full article)

Class Action Suit Moves Forward Against Robinhood Over Halting Meme Stock Trading

A federal judge ruled Thursday that Robinhood must defend itself in court against a class action lawsuit related to the online brokerage’s January 2021 decision to halt trading in exploding “meme stocks” like AMC and GameStop, several outlets reported Thursday, though Robinhood vows to “vigorously defend” itself in the case. (Read full article)

Capital One $190 Million Data Breach Settlement: Are You Eligible for a Payment?

Capital One’s infamous 2019 data breach exposed the personal information of more than 100 million people and resulted in a class-action lawsuit that’s been tentatively settled to the tune of $190 million. Plaintiffs in the case claim a hacker never would have been able to break into Capital One’s cloud computing systems, which were hosted on Amazon Web Services, if the company had taken adequate cybersecurity measures. (Read full article)

AG: Tennessee included in $450 million opioid settlement against Endo International

Tennessee will be included in a $450 million federal settlement against opioid manufacturer Endo International, Attorney General Herbert Slatery announced on Wednesday. (Read full article)

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