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MINNEAPOLIS - A Minnesota state judge on April 11 certified a class of workers who claim that 3M Co. discriminates against older workers (Clifford L. Whitaker, et al. v. 3M Company, No. 62-C4-0412239, Minn. Dist., Ramsey Co.; See 1/6/05, Page 12). Full story on lexis.com
8th Circuit: Individual Issues Still Predominate In St. Jude Class
MINNEAPOLIS - An Eighth Circuit U.S. Court of Appeals panel on April 9 denied certification for the second time to a consumer protection class alleging injury from St. Jude Medical’s Silzone-coated heart valves, holding that individual issues predominate despite the lower court’s ruling that Minnesota law controls all claims (In Re: St. Jude Silzone Heart Valve Products Liability Litigation; Lester Grovatt, et al. v. St. Jude Medical, Inc., No. 06-3860, 8th Cir.; See February 2008, Page 4). Full story on lexis.com
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Shareholder Sues Residential Mortgage Insurer, Alleges Violations Of Securities Laws
SAN FRANCISCO - A shareholder filed a class action complaint against a residential mortgage insurer and its executive officers on March 12, alleging that the defendants violated federal securities laws by issuing a series of misrepresentations concealing the insurer’s involvement in the subprime mortgage lending crisis (Lori Weinrib v. The PMI Group, Inc., et al., No. 08-1405, N.D. Calif.). Full story on lexis.com
Rule Of Reason Applies To ATM Networks’ Fixing Of Interchange Fee
SAN FRANCISCO - Automatic teller machine (ATM) cardholders’ challenge to the setting of a fixed interchange fee that a bank pays when its customers use ATMs owned by other institutions must be analyzed under the rule of reason, a federal judge in California ruled March 24 (In re ATM Fee Antitrust Litigation, No. C 04-02676 CRB, N.D. Calif.; 2008 U.S. Dist. LEXIS 22901; See December 2007, Page 26). Full story on lexis.com
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