$1.5 million Settlement in Securities Fraud Class Action for Loss of Investment Value Securities Matter Nets $1.5M Settlement Class Action Alleged Loss Of Investment Value Type of action: Securities fraud class action Type of injuries: Loss of investment value Name of case: In re Federal Mogul Securities Litigation Court/case no./date: U.S. District Court; Eastern District of Michigan; #00-40222; Jan. 12,...
Continue ReadingCONTRACT CLASS ACTION SETTLES FOR $3.1M Defendant Failed To Pay Interest As Promised The plaintiff asserted claims on behalf of members of defendant Tournament Players Club for breach of promissory notes issued to members of the golf club, from approximately 1988-92. Specifically, the plaintiff alleged the defendant failed to pay interest to holders of the promissory notes in the...
Continue Reading$40M Settlement For Class Action Suit CELLULAR PROVIDER OVERCHARGED MICHIGAN CONSUMERS This case arose out of a charge billed to the defendant’s Michigan customers — 8.2 cents er call for every call made from a cellular phone to a land-based phone. The plaintiff’s complaint alleged that, prior to 1996, land-line carriers including Ameritech charged this fee to cellular providers,...
Continue Reading$2.4 million settlement in RICO, Breach of Contract and Fraud case VERDICTS AND SETTLEMENTS FORM Type of Action: Consumer Class Action Injuries Alleged: Payment of premiums for accidental death insurance Name of Case: Theresa McClain vs. Coverdell & Company et al Court/County/Case No.: United States District Court, Eastern District of Michigan, Case No. 00- 71881 Name of Judge: Hon....
Continue Reading373 F.3d 656 373 F.3d, 2004 Fed. Aoo. 0179P (Cite as: 373 F.3d 656) Briefs and Other Related Documents United States Court of Appeals, Sixth Circuit. Lionel Z. GLANCY, on behalf of himself and all others similarly situated, Plaintiff-Appellant, v. TAUBMAN CENTERS, INC.; Robert S. Taubman; Lisa A. Payne; Graham T. Allison; Peter Karmanos, Jr.; William S. Taubman; Allan...
Continue ReadingBNA Monitoring Service – Corporate Accountability Wednesday, March 3, 2004 COMPUWARE MUST FACE INVESTOR CLAIMS IT OBSCURED PROBLEMS WITH IBM RELATIONSHIP The U.S. District Court for the Eastern District of Michigan Feb. 3 ruled that Compuware Corp. investors may proceed with would-be class securities fraud claims over the software firm’s alleged concealment of the disintegration of a key business...
Continue Reading301 F.Supp.2d 672 (Cite as: 301 F.Supp.2d 672) Motions, Pleadings and Filings United States District Court, E.D. Michigan, Southern Division. In re COMPUWARE SECURITIES LITIGATION No. 02-73793. Feb. 3, 2004. Background: Uncertified class of public investors brought action against corporation and its officers alleging violation of federal securities laws. Holdings: On corporation’s motion to dismiss, the District Court, Anna Diggs Taylor,...
Continue ReadingNot Reported in N.W.2d Page 12003 WL 22976523 (Mich.App.), 52 UCC Rep.Serv.2d 390(Cite as: 2003 WL 22976523 (Mich.App.)) UNPUBLISHED OPINION. CHECK COURT RULESBEFORE CITING.Court of Appeals of Michigan.PORTABLE SPAS PLUS, INC., Plaintiff-Appellant,v.INTEGRATED SOFTWARE SYSTEMS, INC.,Defendant-Appellee.No. 242300.Dec. 18, 2003.Before: SAAD, P.J., and MARKEY and METER, JJ.[UNPUBLISHED]PER CURIAM. *1 Plaintiff appeals by right an order of dismissal. Plaintiffcontends the trial court...
Continue ReadingVERIZON USERS GET FREE AIR TIME CELL PHONE COMPANY SETTLES LAWSUIT THAT CLAIMED OVERCHARGING The Detroit News August 27, 2003; Section: Front, Edition: Two Dot; Page: 01A By: David Shepardson DETROIT — At least 500,000 Michigan residents would be eligible to receive free air time on their cellular phones as part of a proposed settlement of a class-action...
Continue Reading272 F.Supp.2d 631272 F.Supp.2d 631, RICO Bus.Disp.Guide 10,524 (Cite as: 272 F.Supp.2d 631) Motions, Pleadings and Filings United States District Court, E.D. Michigan, Southern Division. Teresa McCLAIN, Plaintiff(s), v. COVERDELL & COMPANY, et al. Defendant(s). No. 00-71881. July 21, 2003. Purchaser of insurance who alleged she was a victim of an insurance telemarketing scheme that...
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