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Part 7: Securities Fraud: When "good" Investments Disappear
The nest egg stories Cases of investment and securities fraud come in many sizes. It is hard not to feel for middle aged and older individuals who have seen their life savings and pension investments shrivel or disappear while under the supposedly watchful eye of some third party.

Latest Lawsuit News & Legal Information

California Office Manager Need Not Arbitrate PAGA Claim
Santa Ana, CA On October 26, California's Fourth District appellate court ruled that Enedina Aguirre does not have to arbitrate a claim she made against Prudential Overall Supply under the California Private Attorneys General Act. The California labor lawsuit affirms, once more, that the mandatory arbitration agreements, which many employees must sign as part of their routine onboarding process, do not prevent them from filing PAGA claims that may subject employers to stiff penalties.

Hearing Examinations to Begin in 3M Combat Arms Defective Earplugs Lawsuits
Pensacola, FL On October 20, the District Court for the Northern District of Florida issued a pre-trial order setting the requirements for the medical examinations of five service members who allege that they suffered hearing loss because of the 3M defective earplugs that were standard military issue from 2003 to 2015. The Order sets out a schedule, defines the scope of permitted testing and permits a non-lawyer representative of plaintiffs’ counsel, such as a paralegal or a law firm staff person, to attend.

Navy Federal to Settle Overdraft Fees Lawsuit for $16 Million
Alexandria, VA The Eastern District of Virginia appears poised to approve a proposed settlement in a class action bank overdraft fees lawsuit originally filed against Navy Federal Credit Union in 2019. Under the terms of the proposed settlement, checking account customers at Navy Federal who were overcharged will have a common fund of $16 million to divide among themselves. The settlement is notable because class members need not file claims to receive compensation. The settlement fund will be automatically allocated among them according to a distribution plan set out in the agreement.

More Injectafer Lawsuits Alleging Hypophosphatemia – a Serious Health Risk
Conshohocken, PA Another Injectafer lawsuit filed in October 2020 joins numerous others filed since 2019, all claiming Vifor Pharma, Ltd., Daiichi Sankyo and its subsidiaries Luitpold Pharmaceuticals and American Regent failed to warn users about the risk of hypophosphatemia—a severe side effect whereby low phosphorous levels are caused by the multiple Injectafer injections.

Hernia Mesh Lawsuits Tangled in Delays
Concord, MA Hernia mesh lawsuits filed against three medical device manufacturers have been delayed mainly because of the coronavirus pandemic, and bellwether trials have been delayed a few times already. Nearly 15,000 hernia mesh claims pending in the federal court system have been consolidated in three multi-district litigations (MDLs).

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