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Lawsuit

Letters "AZZ" Composed of Images

This class action concerns AZZ, Inc.’s methods of recognizing income and a two-and-a-half-year period over which it was supposedly studying new guidance on the matter, but which ended in the company abruptly claiming to need review its earlier accounting statements. The complaint claims that if it had been studying revenue recognition for that time period, the problems would have shown up sooner.

Lit Screen with Keyhole Image

Since 90% of today’s personal computers use Intel processors, when Intel has a problem, it affects a very large number of people and machines. The complaint for this securities class action alleges that Intel knew about certain problems with its processors for at least six months before it informed the general public, allowing its stock price to be artificially inflated and causing a sharp drop in the price when the news finally emerged. 

Photo Taken from a GoPro Karma Drone

The complaint for this class action suggests that a great product may not be enough to make a company profitable. At issue is GoPro’s camera drone, which can produce stunning images but retails at a high price. Although GoPro’s CEO initially spoke glowingly of Karma as the second-bestselling drone in its price class, the complaint claims, just months later, the company announced it was getting rid of its remaining Karma products and abandoning the aerial market entirely.

Colorful Pile of Silicone Wristbands

The Department of Justice (DOJ) is investigating promotional wristbands—or the companies that make them. This class action grew out of that investigation, according to its complaint, which claims that from at least June 2014 to at least June 2016, the defendants used text messages, online messaging platforms, and in-person meetings to conspire to fix prices for wristbands and other customized merchandise.

Southwest Airlines Jet in Flight

The complaint for this class action claims that Southwest Airlines has violated Illinois laws by taking and storing the fingerprints of its employees. Fingerprints are a biometric identifier, and the complaint claims that Southwest has not complied with Illinois’s Biometric Privacy Act (BIPA), which regulates the collection, use, and retention of biometric information.

Boeing Aircraft in Flight

TransDigm’s profitability scheme was to price-gouge the US government, claims the complaint for this class action, in the same way as some pharmaceutical companies have tried to make big gains by buying the rights to drugs for which there are few alternatives and then jacking up the price. The complaint alleges that it has increased prices unreasonably on products for which it is the sole supplier and hidden its cost structure and even its identity from Pentagon, in violation of the rules for government contracts. The concealment of this scheme from the public, the complaint says, is a violation of the Securities Exchange Act of 1934.

Policeman with Hand Emerging from Cell Phone Making "Stop!" Sign

Malcolm Campbell browsed the HealthCare.com website looking at health insurance plans. At some point, according to the complaint for this class action, he clicked a button labeled “See Plan Quotes”. Apparently, the website owner believes that his clicking that button satisfies the requirements of the Telephone Consumer Protection Act (TCPA) for getting his “prior express written consent” to receive telemarketing calls from more than 800 companies. 

Sheridan Well

Plaintiff Kyle Alan Taylor leases gas wells on his Oklahoma land to Sheridan Production Company. According to the complaint for this class action, Sheridan is underpaying him. Taylor questions the volume, price, deductions, and value of the gas and other products from the wells. At issue are amounts paid for helium, residue gas, natural gas liquids, and drip concentrate.

Mrs. Smith's Pie Package

Plaintiff Shatequa Leguette bought a Mrs. Smith’s Original Flaky Crust Pie, and the label on the package read, “Made with Real Butter”. Unfortunately, according to the allegations in this class action, the label would have been more accurate if it had added, “…but mostly made with palm oil!” The ingredient label lists a “shortening butter blend” made with “palm oil, butter (cream, salt)”, with palm oil listed first as the predominant ingredient.

Impax Laboratories Building

On October 17, 2017, Impax Laboratories, Inc. entered into a complex merger agreement with Amneal Pharmaceuticals, but the complaint for this class action says that the Registration Statement for the transaction is deficient and violates Sections 14(a) and 20(a) of the Securities Exchange Act of 1934. The omissions include the bases for financial projections and analyses, the involvement of another financial advisor, and the background and process of the proposed transaction.

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