News

Finkelstein Thompson LLP announces that it is investigating potential claims on behalf of shareholders of JDA Software Group, Inc. ("JDA" or the "Company") (Nasdaq: JDA).

FINRA today announced that it has charged Charles Schwab & Co with violating its terms by using class action waivers in its customer agreements. These terms were sent in an amended customer agreement in October 2011 to more than 7 million customers. For more on this, read here.

Pfizer Inc today announced that it has voluntarily recalled 14 lots of Lo/Ovral^®-28 (norgestrel and ethinyl estradiol) Tablets and 14 lots of Norgestrel and Ethinyl Estradiol Tablets- oral contraceptives indicated for the prevention of pregnancy in women. After conducting an investigation, Pfizer discovered that these products could leave unsuspecting women without adequate contraception and at risk for unintended pregnancy. Pfizer explains that some blister packs may contain an inexact count of inert or active ingredient tablets and that the tablets may be out of sequence.

The Federal Trade Commission (FTC) and the Consumer Financial Protection Bureau (CFPB) have signed an agreement to coordinate efforts to protect consumers and avoid duplication of federal law enforcement and regulatory efforts.

Merrill Lynch agreed to pay a $1 million fine for failing to arbitrate disputes with employees about retention bonuses related to its 2009 merger with Bank of America Corp. FINRA alleged that Merrill made brokers sign documents requiring them to resolve disputes about the bonuses in court. Industry rules require brokerages and brokers to resolve most employment disputes in FINRA's arbitration forum. Merrill paid $2.8 billion in retention bonuses structured as loans to more than 5,000 brokers at the time of the merger with Bank of America.  Brokers who leave the firm, or whose employment is terminated before the loan term is over, must return part of the payment. Merrill Lynch structured its retention bonus program to make it appear that its funding came from Merrill Lynch International Finance Inc, an affiliate that is not registered with FINRA. Some brokers then left Merrill, without repaying funds they owed on their bonuses and the brokerage filed more than 90 actions in New York state court (regardless of residency), instead of mandated arbitration before FINRA, to collect those funds.

Finkelstein Thompson LLP Announces Investigation of Micromet, Inc.

Nonbank Supervision Program

The CFPB has taken another step to protect consumers by launching its nonbank supervision program. The CFPB now has authority to oversee mortgage companies, payday lenders, and private education lenders - helping to ensure that banks and nonbanks play by the same rules. More information can be found here.  To this end, it also published its Mortgage Origination Examination Procedures, a guide for CFPB examiners looking at both bank and nonbank mortgage originators.

Online shoe and clothing retailer Zappos, which is owned by Amazon.com, began emailing its 24 million customers Sunday, advising them that its site had been hacked, and some customers' personal details and account information likely stolen. But Zappos said that no credit or debit card information had been accessed by attackers.

The U.S. Commodity Futures Trading Commission voted 4-1 Wednesday to approve a proposal on how customer money is treated for over-the-counter derivatives called "swaps" that many market participants have argued should be stronger after MF Global revealed risks in the current system.

A class action lawsuit recently filed in a California federal court alleges that the security software company Symantec used deceptive software-known as "scareware-to trick computer users. According to the complaint, Symantec's software led users to believe that it scanned their computer for viruses and could fix their computers, when in fact it did nothing but falsely report threats in an effort to convince users to buy Symantec's products.On January 11, 2012, a Symantec spokesperson stated that the company was aware of the allegations, but declined to comment further.

The Access to Justice Initiative today released Foreclosure Mediation: Emerging Research and Evaluation Practices, a report resulting from a March 7, 2011, workshop with dozens of foreclosure mediation program stakeholders and researchers.

Finkelstein Thompson LLP investigates Dayton Model5NTX1 Refriferator/Freezer over alleged false Energy Star labeling.

The U.S. Food and Drug Administration has ordered Boston Scientific Corp., C.R. Bard Inc. and 31 other companies to conduct three years of trials on safety and effectiveness. These post-market studies of surgical mesh used in vaginal surgeries will hopefully shed light on current concerns over complications such as fistulas. An FDA report in July found a fivefold jump in deaths, injuries or malfunctions tied to the products.

New SEC Guidance on Cybersecurity

Financial Proteciton Bureau beigns taking Whistleblower tips

Finkelstein Thompson LLP is pleased to announce that it has named Michael G. McLellan as partner at the firm, effective January 1, 2012.

Consumer Financial Protection Bureau Seeks to Enhance Servicemembers' Education on Financial Issues

Finkelstein Thompson LLP investigates the Elder Scrolls V: Skyrim for Playstation 3

Finkelstein Thompson LLP Announces Investigation of Carrier IQ

Representatives Edward J. Markey (D-Mass.), Joe Barton (R-Texas), Cliff Stearns (R-Fla.), Diana DeGette (D-Colo.) and Robert Andrews (D-N.J.), sent a letter to the TRICARE Management Agency (TMA).

Finkelstein Thompson LLP files suit agains the Kashi Company and Bear Naked, Inc.

Finkelstein Thompson LLP investigates fraudulent "All Natural" food claims

Finkelstein Thompson LLP investigateions King Arthur Flour Co.

Studies raise concerns about Arsenic in apple juice

Finkelstein Thompson LLP investigates Naked Juice

On October 4, 2011, Judge Danny C. Reeves of the United States District Court for the Eastern District of Kentucky (at Covington) appointed FT Partner Tracy Rezvani to the Plaintiffs Steering Committee in In Re: Darvocet, Darvon and Propoxyphene Products Liability Litigation (MDL 2226). For more on this litigation, please visit here or here.

Finkelstein Thompson LLP Investigates Sutter Health Breach

Finkelstein Thompson LLP Announces Investigation of The Cooper Companies, Inc.

Finkelstein Thompson LLP Investigates Tricare Data Breach.

Finkelstein Thompson LLP Investigates MF Global Holding Ltd.

Finkelstein Thompson LLP Announces Investigation of McCormick & Schmick's Seafood Restaurants, Inc.

Finkelstein Thompson LLP Announces Investigation of Tekelec, Inc.

Finkelstein Thompson LLP Announces Investigation of Force Protection, Inc.

Finkelstein Thompson LLP investigates Darvocet and Darvon Recall

Finkelstein Thompson LLP Announces Investigation of OmniVision Technologies, Inc.

Finkelstein Thompson LLP Announces Investigation of Avon Products, Inc.

Finkelstein Thompson LLP Announces An Investigation Involving Complications from Actos.

Finkelstein Thompson LLP Announces An Investigation Involving Complications from Transvaginal Mesh.

Finkelstein Thompson LLP Files Antitrust Complaint Against Major eBook Publishers and Apple Inc.

Finkelstein Thompson Announces Investigation of Bank of America Corp, Barclays Plc, Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, HSBC Holdings Plc, JPMorgan Chase & Co, Lloyds Banking Group Plc and UBS AG

Human Egg Donor files class action lawsuit challenging anticompetitive agreement amond reproductive clinics and agencies

Finkelstein Thompson LLP Announces Investigation of Defective BMW Wheels

In an 83-page opinion issued July 8, 2010, Judge Burgess of the District of Columbia Superior Court allowed a consumer lawsuit to proceed despite a blistering multi-prong attack by the cell phone industry. 

Finkelstein Thompson Informs Credit Card Consumers of Their Rights Under the Credit CARD Act of 2009 

For the second consecutive year, Finkelstein Thompson LLP has been ranked among the top 50 plaintiffs' law firms by Securities Class Action Services (SCAS).