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Articles tagged with: Class Action
Nortel Reaches Proposed Class-Action Settlement
TORONTO -(Dow Jones)- Nortel Networks Corp. has agreed in principle to settle two significant class-action lawsuits against it, which result in the payment of $575 million in cash and the issuance of 628,667,750 of its shares, or about 14.5% of its current equity. more
Related Tags: nortel, nortel-networks, mediation
Alamosa Discloses Derivative Suit Tied To Sprint Nextel Merger
WASHINGTON -(Dow Jones)- Alamosa Holdings Inc. disclosed Friday that a purported shareholder derivative class action was filed in the District Court of Lubbock County, Texas, related to the company's impending merger with Sprint Nextel Corp. more
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Western Wireless To Sell Irish Operations To Eircom Group For $500 Million
BELLEVUE, Wash. -(Dow Jones)- Western Wireless Corp. (WWCA) entered a definitive agreement to sell its Irish operations for about $500 million at current exchange rates. more
Related Tags: alltel, meteor, eircom, federal-communications-commission
Cellphone health lawsuit to go ahead
The legal firm, Finkelstein, Thompson & Loughran has said that a federal judge in Maryland ruled this week that a class action complaint challenging the cell phone industry's failure to disclose safety issues relating to certain phones sold to consumers in Washington, D.C. and Maryland should be remanded to the D.C. Superior Court in which it was originally filed. The Honorable Catherine C. Blake of the United States District Court for the District of Maryland granted the plaintiff's motion for remand, thereby authorizing the case to proceed in state court. more
Related Tags: kyocera, maryland
Ringtone firm slapped on both sides of the Atlantic
Jamster, the ringtone supplier has had an unfortunate few days, with a complaint about it being upheld in the UK by the Advertising Standards Authority, and a lawsuit in the USA - both over the company's subscription services. more
AT&T Wireless hit with class action lawsuit
A class action lawsuit against AT&T Wireless was filed last week in Los Angeles Superior Court and on behalf of all allegedly defrauded AT&T Wireless customers in California. more
Related Tags: at&t-wireless, switches
Verizon Wireless settles lawsuit
A Michigan state judge has approved a settlement of a class action lawsuit against the USA based CDMA carrier, Verizon Wireless, which will entitle some 2 million subscribers in the Detroit area to compensation from the network. more
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Lucent settles class action lawsuit
Lucent says that it has reached an agreement to settle all the outstanding shareowner and related litigation following allegations hat the company had violated federal securities laws and related state laws. The company did not admit any wrongdoing as part of the settlement, which is subject to final court approval. The agreement is a global settlement of what were 54 separate lawsuits, including the consolidated shareowner securities class action lawsuit in the U.S. District Court in Newark, N.J., and all related ERISA, bondholder, derivative and state securities cases. more
Related Tags: avaya
Motorola facing class action lawsuit
Motorola is facing a class action lawsuit in the USA over its vendor financing program where it lends the buyer the funds to pay for its infrastructure equipment. The lawsuit, filed in the US District Court for the Southern District of New York is for buyers of Motorola Securities between February 3, 2000 and May 14, 2001. Carl F. Koenemann is named as Defendant in the action. more
Related Tags: vendor-financing, telsim
Vodafone facing class action lawsuit
The US law firm of Milberg Weiss Bershad Hynes & Lerach LLP has filed a class action lawsuit against Vodafone. The action is pending in the United States District Court, Southern District of New York against Vodafone, Ian Maclaurin, Sir Chris Gent, Julian Horn-Smith and Ken Hydon. more
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