Top News

Seventh Circuit: Walgreens, shareholder settlement little more than $370K payday for lawyers

Jonathan Bilyk Aug. 10, 2016, 4:42pm

Calling the lawsuit an example of a “racket” aimed at merging companies, a federal appeals panel in Chicago has tossed out a settlement intended to end a shareholder class action brought over the Walgreens Boots Alliance merger, saying the lawsuit and related settlement did nothing more than contribute a quick $370,000 payment to the plaintiffs’ lawyers.

Judge douses consumer fraud class action vs Mondelez over whether belVita biscuits need milk

Dana Herra Apr. 14, 2016, 1:19pm

A northwest suburban woman who claimed she was duped by the advertising slogan on a box of breakfast biscuits lost her attempt at filing a class-action lawsuit when a federal judge dismissed her claim.

Class action hits Boeing over SEC investigation of 'program accounting' for airliner production

Scott Holland Feb. 23, 2016, 12:45pm

On the heels of stock prices that slipped following recent reports that federal investigators will investigate its accounting, Boeing has been targeted by a federal class action alleging the aerospace manufacturer misled investors using alleged accounting tricks to hide potential losses.

Judge OKs false advertising lawsuit vs Johnson & Johnson over Bedtime Products

Scott Holland Jan. 20, 2016, 5:32pm

An Illinois woman’s false advertising complaint against Johnson & Johnson is allowed to proceed after a judge denied the company’s motion to dismiss, saying the woman had done enough so far to allow her to argue Johnson & Johnson misled her and others into buying products the company claimed were clinically proven to help babies sleep better. Stephanie Leiner, of Chillicothe, filed a class action lawsuit July 2 in federal court in Chicago against N.J.-based Johnson & Johnson.

Shareholder says Vasco management should pay for shares crash following news of product sales to Iran

Jonathan Bilyk Oct. 26, 2015, 7:08pm

The directors and executive of an Oakbrook Terrace-based provider of digital financial security products has been hit with a lawsuit brought by a shareholder who has claimed the company’s management should be made to pay for allegedly concealing from investors – or at least not properly moving to address – the possibility an international distributor sold the company’s products to buyers in Iran while economic sanctions forbidding such sales were in place.