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Faruqi Law Blog

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$166 Million Settlement Approved in Pay-For-Delay Case

May 25th, 2018

In an Order dated May 3, 2018, the Honorable William H. Orrick, III granted preliminary approval to the proposed settlement in the amount of $166 million for the direct purchaser class in the lengthy and complex “pay for delay” antitrust case known as the Lidoderm Antitrust Litigation, pending in the United States District Court for the Northern District of California.   The settlement is...

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SEC Teaches ICO Investors a Lesson

May 21st, 2018

In its latest effort to thwart cryptocurrency scammers, last week the Securities and Exchange Commission launched its own (mock) initial-coin-offering website: HoweyCoins.com.  But Howey Coins are not about getting rich quick.  Anyone who clicks “Buy Coins Now” on the site will instead be directed to an investor-education website, which identifies red flags that investors should be on...

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New EU Regulation Protects Consumer Data Privacy

May 15th, 2018

After many years of debate, the European Union has passed a comprehensive set of data privacy rules known as the General Data Protection Regulation (GDPR).  These rules, which go into effect on May 25, apply to any company that collects, stores, or uses the personal data of European residents.  The term “data” is defined broadly, encompassing information ranging from credit card numbers...

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$97 Million Dollar Judgement to Wells Fargo Employees for Unlawful Rest Breaks

May 10th, 2018

On May 8, 2018, the Central District of California awarded more than $97 million to home mortgage consultants and private mortgage bankers employed by Wells Fargo that were denied rest breaks between 2013 and 2017.  The court found that Wells Fargo was not only liable for wages owed based on their workers’ hourly rate, but also based on the commissions and other nondiscretionary pay earned...

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Cocktail Server Illegally Fired From NYC’s Ascent Lounge

May 1st, 2018

On Thursday, April 26, 2018, the National Labor Relations Board ruled in favor of a New York City cocktail server who was fired after complaining at a staff meeting about the wage practices and working conditions at the upscale Ascent Lounge.  The Board agreed with an Administrative Law Judge’s finding that the timing of the server’s termination – two days after the staff meeting in...

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