Top News

Plug pulled on data breach class action vs Vtech; plaintiffs never showed how harmed, judge says

Dan Churney Jul. 11, 2017, 6:06pm

A Chicago federal judge has pulled the plug on a class action suit against electronic toymaker VTech, which alleged VTech did not protect parents' and childrens' personal data from a hacker, saying plaintiffs failed to show how the security breach harmed them.

$4.25M deal ends litigation vs Northern Trust over 'hundreds of millions' in losses for public pensions

Jonathan Bilyk Jan. 12, 2017, 11:21pm

A Chicago federal judge has signed off on a $4.25 million settlement to end years of litigation between financial investment firm Northern Trust Co. and a host of public worker retirement plans in Chicago and elsewhere in the U.S. over claims Northern Trust’s allegedly risky investment decisions had led to hundreds of millions of dollars in losses for the retirement programs when markets crashed at the onset of the Great Recession.