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August 11, 2018

UberBlack Drivers Fight For Employee Status At 3rd Circ.

Philadelphia-based Uber limo drivers told the Third Circuit on Wednesday that Uber exploited drivers by misclassifying them as independent contractors to dodge paying minimum and overtime wages, and that a district court improperly ruled that the drivers didn’t count as employees under the Fair Labor Standards Act.

August 11, 2018

Montgomery McCracken Wants Malpractice Row In Fed. Court

Montgomery McCracken Walker & Rhoads LLP on Tuesday said a $620 million malpractice suit it recently removed from Pennsylvania state court should remain in a federal judge’s hands thanks to its genesis in a bankruptcy proceeding that a group of Luzerne County residents say shortchanged their toxic tort claims against […]

August 11, 2018

Investor Hits Tesla, Musk With Fraud Claims Over Tweet

An investor hit Tesla Inc. and its founder Elon Musk with a proposed securities fraud class action Friday in California federal court, claiming they tried to pump up stock prices by proclaiming plans to take the company private — without having the more than $71 billion privatizing would require.

August 11, 2018

AbbVie Investors Sue Over 1-Day $100M Stock Drop

A proposed class of AbbVie Inc. investors filed a stock drop suit against the pharmaceutical company in Illinois federal court Thursday, saying a corrective disclosure related to the company’s May stock buyback efforts led to a collective $100 million loss in value for the shareholders.

May 29, 2018

Law Firm With Litigation Finance Ties Takes on Opioid Crisis

As founders of one of the first and biggest litigation funding companies, the founders behind what was once Gerchen Keller Capital (GKC) became known for bringing financial innovation to a staid profession’s books. Now, they’re taking on the opioid crisis by putting a new twist on an en vogue type […]