The SDNY recently conditionally certified a case brought on behalf of Morgan Stanley client services associates, registered client services associates, and senior registered client services associates

On May 25, 2012, KOL filed a class action against Facebook, certain of its officers and the lead underwriters of its recent IPO. Plaintiff contends that Defendants failed to adequately disclose in the Registration Statement and Prospectus for the IPO that Facebook and the Underwriter Defendants had materially lowered their estimates for Facebook’s second quarter and year. For more information, click here

United States District Court Judge John J. McConnell, on April 9, 2012, approved the $34 million CVS assistant store manager overtime settlement. The Court stated that the settlement was a "magnificent result" and the settlement is, by a factor of more than three, the largest such settlement in the First Circuit's history. Members of the settlement class who submitted claims can expect to start receiving payment in June 2012

On January 31, 2012, Class Plaintiffs reached a proposed settlement of the class action challenging the terms of the conversion of the IMH Secured Loan Fund to IMH Financial, Inc.. The proposed settlement is subject to confirmatory discovery, the execution of a settlement agreement and Court approval. Confirmatory discovery is ongoing and the parties expect to seek preliminary approval of the settlement by the Court by early July 2012. Click here for a copy of the Memorandum of Understanding setting forth the principal terms of the proposed settlement.

On October 5, 2011, Judge Jones of the United States District Court for the Southern District of New York granted class certification to the class in Janes v. Triborough Bridge & Tunnel Authority, No. 06cv1427. In this class action, Plaintiffs challenge, as violative of several articles of the United States and New York constitutions, the TBTA discriminatory pricing policy on its bridges that affords discounts to residents of certain zip codes but not to other bridge users. View the Order

On October 4, 2011, Judge Berman of the United States District Court for the Southern District of New York appointed KOL lead counsel in Youngblood v. Family Dollar Stores, Inc. , No. 09cv3176. This is a Rule 23 class action brought under the New York Labor Law asserting that Family Dollar misclassified its New York Store Managers as exempt employees and wrongfully failed to pay them overtime. View the Order

United States Magistrate Judge Arlene R. Lindsay of the Eastern District of New York has recommending that the Court certify as a collective action under the Fair Labor Standards Act, a class of all GEICO Telephone Claims Representatives (TCR I and TCR II) who were classified as "exempt" by GEICO. View the Order

United States District Court Judge Jack Zouhary of the Northern District for Ohio has conditionally certified as a collective action under the Fair Labor Standards Act, a class of approximately 44,000 employees classified by HCR Manorcare, Inc. as non-exempt employees in states outside of California and Wisconsin. The positions covered are registered nurses, licensed practical nurses, certified nursing assistants and/or admissions coordinators. View the Order