Over the past several years, a series of Supreme Court rulings have limited the ability to bring class action suits
and have generally divided the justices along ideological lines.
Morick also stated that the existence of the class action suit
has made both business expansion and access to capital considerably more difficult than normal, thereby limiting the growth and profit potential of the company.
The class action suit
against UnitedHealth challenges the most significant and egregious example of executive malfeasance in what has become known as the "options backdating scandal.
Now I have great satisfaction in filing this first class action suit
with Wendell Gauthier against this industry that will finally have to defend themselves against these charges.
Members of the class action suit
are all the people who bought insurance policies issued by Farmers in California or Nevada between October 6, 2000 and August 26, 2005, paid on a monthly basis, and were charged one or more "service charges" in addition to their premiums.
The increase in the loss from 1982 to 1993 was in part attributable to increased legal fees associated with the company's two patent infringement cases, which have subsequently been settled, the shareholders class action suit
and the costs associated with the employment of John Sculley.
Our firm applauds the long months and years of work of Brad Baker in guiding this complicated class action suit
to settlement," said partner Albro L.
The suit was filed in October 2002 and was certified a class action suit
in June 2004.
A class action suit
is currently pending in Barbour County, Ala.
In NY010, Partech Holdings threatened with class action suit
, moved earlier today, the release was issued by Williamson & Associates.
Jeffery Korn, general counsel of iMergent, stated, "We continue to believe the class action suit
complaints that have been filed are without merit and we intend to aggressively defend iMergent against these claims.
Separately, the Company expects to record approximately $40 million in additional charges during the quarter ending March 31, 2005 associated with the settlement agreement between the parties in the previously disclosed class action suit
related to construction defect claims from water intrusion against Trinity Homes LLC ("Trinity") and Beazer Homes Investment Corp.