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Old
Banc One Shareholders Litigation
Bank One Corporation (“Bank
One”) has agreed to pay $28 million to settle all claims asserted
against Bank One by class members who (a) purchased shares of Banc
One Corporation (“Old Banc One”) common stock during the
period from August 6, 1998 through October 1, 1998, both dates inclusive,
and (b) received Bank One common stock through the conversion of
their Old Banc One common stock to Bank One common stock issued
in connection with the merger between Old Banc One and First Chicago
NBD (“First Chicago”) effective on October 2, 1998 (the
“Class”).
The Class alleged that the Prospectus issued
by Bank One in connection with the Merger of Old Banc One and First
Chicago contained materially false and misleading statements, including
financial statements contained in the Prospectus relating to Old
Banc One's credit card subsidiary, First USA Bank, N.A. The Bank
denies all of the Class allegations and asserted various defenses.
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BAR/BRI
Antitrust Class Action
A nationwide class has been certified on behalf of all those who
paid for a bar review course from BAR/BRI from August 1, 1997 through
July 31, 2006. Plaintiffs allege that West Corporation (as owner
of BAR/BRI) violated the antitrust laws by agreeing with Kaplan,
Inc. to prevent competition in the market for full-service bar review
courses, and, as a result, consumers paid more for BAR/BRI bar review
courses than they should have. ZSZ is one of three law firms representing
the Class in this action.
For more information including the class notice, complaint, answers
and FAQs, please click here.
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Cendant
/ Century 21
Plaintiff brought this case on behalf of Century 21 Franchisees
alleging that Cendant has given an unfair advantage to its other
real estate broker brands-Coldwell Banker and ERA.
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complaint
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Press Release
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First
BanCorp
In re First BanCorp Securities Litigation - A settlement has been
reached on behalf of all persons who purchased the securities of
First BanCorp (NYSE: FBP), a financial services holding company
based in Puerto Rico, during the period from April 16, 2001 to December
13, 2005. The settlement provides for the payment of $74.25 million
to eligible Class Members, pending approval by the Court.
On November 28, 2007, the Federal District Court for the District
of Puerto Rico approved the settlement of $74.25 million in the
First BanCorp Securities Litigation
On October 31, 2005, ZS&Z filed a securities fraud class action
in the District of Puerto Rico on behalf of investors who purchased
the common stock of First BanCorp during the period beginning March
31,2003 through October 24, 2005.
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Press Release
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settlement documents
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Marsh
& McLennan Companies, Inc
Zwerling, Schachter & Zwerling, LLP ("Zwerling Schachter")
has been retained by insureds that used Marsh & McLennan Companies,
Inc. ("Marsh") or its subsidiaries as their insurance
brokers to file suits on their behalf alleging anti-competitive
and other wrongful conduct by Marsh. Zwerling Schachter has filed
and will continue to file class actions on behalf of these insureds,
charging that Marsh entered into side agreements with certain insurance
carriers to obtain extra, undisclosed fees from those carriers for
bringing its clients' business to them. The suits also allege that
Marsh rigged bids for insurance quotes with these carriers, to further
inflate Marsh's own fees while deceiving its clients into believing
that true market competition had occurred. For further information
regarding these lawsuits, please contact Stephen L. Brodsky, Esq.
by telephone at 1-800-721-3900 or by e-mail at sbrodsky@zsz.com.
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