Class Action News

Companies

Are class action suits an effective route to justice?

Class action lawsuit is a case brought to the court by a group representing a much larger set of people who have suffered damages

3 min read24 Oct 2019
Markets

Why threat of India’s first class action suit against ADAG may be a pipe dream

Praveen Rai, a corporate lawyer by profession, raised a number of issues at the AGM of Reliance PowerHe said a class action suit will be initiated if the issues raised by him are not resolved

5 min read4 Oct 2019
Politics

Govt set to provide financial assistance to minority investors for class action

Working on ways to further bolster measures to protect the interest of investorsThe concept of the class action suit, that provides an option for investors to seek remedy as a group, is well known in Western countries

2 min read5 May 2019
Companies

Nestle again lands in a soup over Maggi noodles

The Supreme Court has lifted a stay on the proceedings of a class-action suit filed by the central government against Nestle regarding Maggi noodles

2 min read4 Jan 2019
Industry

IBM faces age discrimination lawsuit after firing thousands

The lawsuit claims that over the last several years, IBM has been in the process of systematically laying off older employees in order to build a younger workforce

1 min read17 Sep 2018
Companies

Wells Fargo settles fake-accounts lawsuit for $480 million

Wells Fargo agreed to pay $480 million to settle a class-action lawsuit in which investors accused the bank of securities fraud related to its fake-account scandal

1 min read5 May 2018
Companies

Proxy advisor questions legitimacy of Fortis Healthcare sale process; warns of class action suit

Move casts a shadow on the ongoing Fortis Healthcare sale process, an outcome of which is expected after the company board meets on 26 April

1 min read24 Apr 2018
Technology

Facebook hit with class action suit over facial recognition tool

A US federal court in California rules that Facebook will have to face a class action suit over allegations it violated users' privacy by using a facial recognition tool on their photos without their explicit consent

1 min read17 Apr 2018
Companies

TCS faces US trial in anti-American bias case

A federal judge in California rejects request from TCS to dismiss a 2015 lawsuit accusing it of violating anti-discrimination laws by favouring South Asians

2 min read28 Dec 2017
Companies

Dr Reddy’s served securities class action lawsuit in US

The US class action lawsuit seeks damages to compensate investors for a purported decline in Dr Reddy's share price caused by alleged misstatements or omissions by the company

3 min read30 Nov 2017
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Budget

The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared

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