Tag: Settlement

Lawyers seek $26 million in Volkswagen U.S. fuel economy settlement

WASHINGTON (Reuters) – Lawyers for owners of 98,000 Volkswagen AG (VOWG_p.DE) U.S. vehicles that had fuel economy labels that overstated efficiency will ask a U.S. judge for $ 26 million in attorney’s fees and costs, court documents show. A Volkswagen logo is seen at Serramonte Volkswagen in Colma, California, U.S., October 3, 2017. REUTERS/Stephen Lam…

Court approves Home Capital’s $29.5-million class-action settlement

LONDON, ONT.—Embattled alternative mortgage lender Home Capital Group is another step closer to rebuilding after an Ontario court approved the settlement of a $ 29.5 million class-action lawsuit by investors. Shareholders pulled away from the Toronto-based company earlier this year following allegations by the Ontario Securities Commission (OSC) of misleading disclosure. Monday’s class-action settlement follows…

U.S. judge approves $11.2M settlement for hacked Ashley Madison users

ST. LOUIS—A federal judge on Friday approved an $ 11.2 million settlement between the marital infidelity website Ashley Madison and users who sued after hackers released personal information, including financial data and details of their sexual proclivities. U.S. District Judge John Ross in St. Louis gave preliminary approval to a class action settlement that was…