Class Action Spotlight (Week Ending March 24, 2023)

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.

U.S. crypto exchanges could face possible class-action lawsuit

Crypto’s latest headache could be a big class action lawsuit filed on behalf of retail investors against top U.S. crypto exchanges. Long time securities lawyer Tom Grady, known as one of the nation’s leading investment fraud attorneys, is preparing for potential litigation against the nation’s biggest crypto exchanges Coinbase, Robinhood, Kraken and others, according to a press release reviewed by FOX Business. (Read full article)

Silicon Valley Bank Parent SVB Financial Group Faces First Securities Class Action

Silicon Valley Bank (SVB) on Monday was hit with what appears to be the first federal securities class-action lawsuit against it, carrying allegations that the bank made false or misleading statements pertaining to the potential impact rising interest rates could have on operations. (Read full article)

Remember that bulky old TV you had in the ’90s? You might be owed money

Most TVs in the ’90s and early ’00s used Cathode Ray Tubes (CRT), which gave them a prominent bulge at the back. But it wasn’t just TVs, as many computer monitors used the same technology. This technology is back in the news for all the wrong reasons. Thankfully, CRT TVs aren’t recalled due to dangerous components or lead paint. While that was a primary ingredient in many toys in the ’80s, there is a class-action lawsuit against Mitsubishi for allegedly conspiring with other CRT manufacturers for price gouging. (Read full article)

Shop at Ikea? You Could Be Owed Part of a $24 Million Settlement

If you’ve shopped at Ikea you could be due part of a $24 million settlement the Swedish furniture company is paying out to resolve claims it violated customers’ privacy. (Read full article)

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