Class Action Spotlight (Week Ending December 2, 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.

Dell reaches $1 billion settlement over disputed 2018 stock swap

Nov 16 (Reuters) – Dell Technologies Inc (DELL.N) on Wednesday said it reached a $1 billion settlement of a lawsuit accusing it of short-changing some shareholders in a controversial $23.9 billion transaction in 2018 that marked its return as a publicly traded company. (Read full article)

FTX founder Sam Bankman-Fried hit with class-action lawsuit that also names Brady, Bündchen, Shaq, Curry

The founder of the now-collapsed crypto trading company FTX has been hit with a class action lawsuit by investors alleging he and other high-profile celebrities — such as legendary NFL quarterback Tom Brady and NBA star Stephen Curry — violated Florida law and made consumers suffer more than $11 billion in damages. (Read full article)

Lawsuit against Google over app store competition gets class-action designation

Nov 28 (Reuters) – A U.S. judge in California on Monday allowed litigation against Alphabet Inc’s (GOOGL.O) Google to proceed as a consumer class action of 21 million individuals who accuse the company of violating U.S. anti-competition laws in how it runs its Google Play app store. (Read full article)

Mastercard loses UK ruling on three million dead claimants in $12 bln case

LONDON, Nov 29 (Reuters) – Mastercard (MA.N) lost an appeal in a London court on Tuesday against a ruling in a 10 billion pound-plus ($12 billion-plus) collective action that allows the claims of around three million people who have died since the lawsuit began to continue. (Read full article)

City of Baltimore Announces Approval of $537 Million Class Action Settlement with Monsanto for PCB Contamination

The City of Baltimore will receive a portion of the $537.5 million settlement reached with chemical maker Monsanto and two associated companies as the result of a nationwide class action lawsuit over PCB (polychlorinated biphenyls) contamination in municipal water systems. (Read full article)

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