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Lululemon yoga pants lawsuits in U.S. win final dismissals

By Nate Raymond and Jonathan Stempel NEW YORK (Reuters) - A U.S. judge has issued final dismissals of lawsuits accusing Lululemon Athletica Inc and various company officials of defrauding shareholders by concealing defects in yoga pants. U.S. District Judge Katherine Forrest in Manhattan had on April 4 issued "draft" decisions dismissing a shareholder lawsuit against Lululemon, and two lawsuits accusing 11 executives and directors of missing red flags about poor quality control.

US suit alleges 12 banks colluded in huge forex market

A dozen banking giants have been sued in New York for allegedly fixing global foreign exchange rates in the latest ripple to accompany government probes of the huge market. The defendants in the class-action lawsuit, which include BNP Paribas and JPMorgan Chase, shared confidential information during private online chat sessions to collude and fix trades on the key WM/Reuters foreign exchange rate, which is set each afternoon in London, according to a complaint filed Monday.

Lawyers ply the Internet to score clients for GM lawsuits

By Jessica Dye NEW YORK (Reuters) - General Motors may face lawsuits for millions of dollars over its recall of 1.6 million cars, but first lawyers have to find clients if they hope to get a foot in the courthouse door. To do so they are buying Google search terms, registering Internet domain names, announcing investigations into GM's behavior, and turning to their Twitter and Facebook accounts to provide updates on the recall.

U.S. Supreme Court to decide if IndyMac MBS plaintiff filed too late

By Lawrence Hurley WASHINGTON (Reuters) - The U.S. Supreme Court on Monday agreed to consider whether class action claims against underwriters of securities issued by a unit of the now-defunct IndyMac Bancorp Inc should be able to proceed. The court will rule on whether the three-year window for filing certain securities claims is suspended if investors can show they would have been parties in a previously filed class action lawsuit had it not been dismissed. Lower courts are split on the question.

Federal Appeal Court gives go-ahead to hear First Nations' day-student suit

VANCOUVER - The Federal Court of Appeal has dismissed Ottawa's attempt to stop a class-action lawsuit filed by several British Columbia First Nations for students who attended native residential schools by day and were excluded from the residential schools settlement. The Attorney General of Canada was seeking a stay, arguing that the Federal Court does not have jurisdiction to hear the case. The court dismissed the application first last year, and the Federal Appeal Court has now upheld that decision.

Chinese group sues Japanese firms over wartime forced labor

A group of Chinese survivors of wartime forced labor on Wednesday filed a compensation lawsuit against two Japanese companies, amid increasingly frayed bilateral ties over a territorial dispute and divergent perceptions of history.

Judge approves $32.7-million deal for ex-residents of two Ontario institutions

TORONTO - A $32.7-million settlement of a class-action suit is the best and fairest way to compensate victims of two now-closed Ontario institutions for the developmentally disabled, an Ontario judge decided on Monday. Lawyers for both the plaintiffs and provincial government had urged Ontario Superior Court Justice Barbara Conway to approve the deal, which also includes a formal apology from the premier. "While more is always better, it is a compromise," Conway said. "The settlements are fair, reasonable and in the best interests of the class members."

U.S. securities class-action suits rise, big Supreme Court case looms

By Jonathan Stempel (Reuters) - Investors are pursuing more lawsuits accusing companies of fraud, according to a new study, but filings may plunge if the U.S. Supreme Court decides soon to remake the legal landscape. Plaintiffs filed 166 federal securities lawsuits seeking class-action status in 2013, up 9 percent from 152 in 2012, according to data released Tuesday by Cornerstone Research and the Stanford Law School Securities Class Action Clearinghouse.

Tong Yang victims sue firm, gov't over losses

SEOUL, Jan. 21 (Yonhap) -- Nearly 800 people filed class action lawsuits against Tong Yang Group and the government Tuesday, seeking compensation for losses incurred from fraudulent commercial paper (CP) issuance by the financially troubled conglomerate. According to the five lawsuits lodged with the Seoul Central District Court, 779 plaintiffs demand a combined 32.6 billion won (US$30.6 million) in compensation from the firm and the financial authorities.

Top court clears retiree to launch class action over changes to benefits plan

OTTAWA - The Supreme Court of Canada says a retired Vivendi Canada worker can launch a class-action lawsuit against his former employer for changing its health-benefits plan for retirees. The question before the high court revolved around whether former Vivendi employee Michel Dell'Aniello could represent all retirees who were eligible for health benefits under the company plan. Before it was bought by Vivendi, Seagram Co. set up a health plan that covered employees while they worked for the company and after they retired.
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