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C L A S S A C T I O N R E P O R T E R
Friday, March 29, 2013
The CAR is not published today in observance of Good Friday.
Publication will resume Monday, April 1, 2013.
Here are some of the notable settlements in 2012 as reported by
the CAR:
Defendant Settlement Amount
--------- -----------------
Wells Fargo $6.6 billion to settle interchange fee lawsuit
and other Status: Final approval pending
banks
EI Du Pont $750 million set aside to settle litigation
over Imprelis herbicide product liability.
Status: Has tentative approval
Merck & Co. $688 million to settle two federal securities
class action lawsuits related to the ENHANCE
trial ($215 million to resolve the action
against all of the Merck defendants, and
$473 million to resolve the action against all
of the Schering-Plough defendants). Status:
pending
Travelers Cos. $450 million to settle suit over under-
Reporting of workers' compensation premium.
Status: pending
Dairy Farmers
of America $158+ million to pay suit by farmers. Status:
Final approval pending
AT&T Mobility $153 million to settle the suit alleging
the company overcharged millions of customers.
Status: pending
QEP Resources $115 million to settle suit by royalty owners
asserting various claims for damages related
to royalty valuation on all Oklahoma wells
operated by QEP or from which QEP separately
marketed its share of gas. Status: pending
Apple Inc $100+ million to settle suit over minors'
purchase of apps downloaded from online iTunes
store without parental permission
Pella Corp. $90+ million to settle suit over defective
windows. Status: pending
Macquarie Bank AU$82.5 million to settle class suit by Storm
Financial clients. Status: pending
Aetna Inc. $60 million to settle UCR litigation. Status:
pending
Empire State
Realty Trust $55 million to settle suit over consolidation
of several real estate entities. Status: Has
preliminary court approval
Fifth Third $46 million to settle suit over allegedly
unreasonable interchange fees. Status: Final
approval pending
Experian
Information
et al. $45 million to suit alleging willful and
negligent violations of the Fair Credit
Reporting Act. Status: pending
Revlon Inc. $9.2 million paid to settling stockholders
$22.5 million paid to Fidelity Management &
Research Company
Shareholders sued Revlon over a 2009
exchange offer. Status: Settlement pending
Court approval
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S U B S C R I P T I O N I N F O R M A T I O N
Class Action Reporter is a daily newsletter, co-published by
Bankruptcy Creditors' Service, Inc., Fairless Hills, Pennsylvania,
USA, and Beard Group, Inc., Washington, D.C., USA. Noemi Irene
A. Adala, Joy A. Agravante, Valerie Udtuhan, Julie Anne L. Toledo,
Christopher Patalinghug, Frauline Abangan and Peter A. Chapman,
Editors.
Copyright 2013. All rights reserved. ISSN 1525-2272.
This material is copyrighted and any commercial use, resale or
publication in any form (including e-mail forwarding, electronic
re-mailing and photocopying) is strictly prohibited without prior
written permission of the publishers.
Information contained herein is obtained from sources believed to
be reliable, but is not guaranteed.
The CAR subscription rate is $775 for six months delivered via
e-mail. Additional e-mail subscriptions for members of the same
firm for the term of the initial subscription or balance thereof
are $25 each. For subscription information, contact
Peter A. Chapman at 215-945-7000 or Nina Novak at 202-241-8200.
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