Car rental company Avis Budget Group has been hit with a proposed shareholder class action alleging it harmed investors when it concealed a strategy shift late last year that accelerated fleet rotation and led to a $2.3 billion impairment charge.
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Class Action
WEDNESDAY, APRIL 30, 2025 Law360 iOS App Law360 Android App Follow Law360 on Facebook Follow Law360 on LinkedIn Follow Law360 on Twitter

TOP NEWS

Avis Hit With Investor Suit Over $2.3B Fleet Impairment

By Sydney Price

Car rental company Avis Budget Group has been hit with a proposed shareholder class action alleging it harmed investors when it concealed a strategy shift late last year that accelerated fleet rotation and led to a $2.3 billion impairment charge.

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Wells Fargo Tells Judge Cash Sweep 'Conflict' Was Disclosed

By Sydney Price

Wells Fargo said it should be allowed to escape customers' proposed class action alleging the bank's cash sweep investment program disproportionately benefits the bank, arguing it disclosed in its signed agreements with customers the bank's intentions to secure financial gains for itself through the program.

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3rd Circ. Won't Rethink Teamsters Fund's Win In $39M Row

By Matthew Santoni

The Third Circuit won't give a group of dairy businesses a second chance to prevent a Teamsters union pension fund from suing them and their affiliates to enforce a $39 million settlement, the court announced Monday.

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Brief

Veolia Settles Flint Water Crisis Claims For $53M

By Madeline Lyskawa

A Michigan federal judge entered final judgment Monday in litigation brought by the state of Michigan and about 26,000 individuals against Veolia North America alleging it prolonged the water crisis in Flint, Michigan, after a $53 million settlement was approved earlier this month.

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BANKING

TD Bank's $3 Paper Statement Fee Breaks NY Law, Suit Says

By Emilie Ruscoe

TD Bank faces a proposed customer class action alleging it violated New York state law with its practice of charging its customers $3 to mail them paper copies of their monthly billing statements.

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SECURITIES

Boeing Rips Investors' Class Cert. Bid In 737 Max Fraud Suit

By Linda Chiem

Boeing has told an Illinois federal judge that pension funds and private investors cannot certify a sweeping class action seeking a "jaw-dropping" $15 billion in damages by alleging Boeing repeatedly misrepresented the overall safety and certification process for the 737 Max 8 jets after two deadly crashes in 2018 and 2019.

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UScellular, Investors Ink $7.7M Deal In Postpaid Biz Suit

By Nadia Dreid

UScellular and the investors who sued the company over its representations about the health of its postpaid mobile phone outfit have agreed to settle their differences for $7.7 million and are asking an Illinois federal judge to sign off on the deal.

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Class Attys Seek $6.5M Cut In $29.5M Plantronics Settlement

By Gina Kim

Lead counsel for Plantronics investors who secured a $29.5 million deal resolving claims the company used "channel stuffing" tactics to bolster revenue are seeking $6.5 million in fees, telling a California federal judge Friday the request is reasonable, given the strong recovery and their track record successfully prosecuting similar securities cases.

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EMPLOYMENT & BENEFITS

Justices Won't Disturb 9th Circ.'s AT&T 401(k) Suit Revival

By Kellie Mejdrich

The U.S. Supreme Court declined on Monday to hear AT&T's bid for review of a Ninth Circuit panel decision reviving a class action against the telecom giant alleging mismanagement of an employee 401(k) plan, rejecting employers' request for more clarity from the court on the pleading standard for federal benefits lawsuits alleging excessive fees.

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Mich. Nurses Quit Claims Of Pay Withheld For Breaks Untaken

By Irene Spezzamonte

Two registered nurses agreed to drop their claims of unpaid wages against the two locations of a Michigan healthcare system they had accused in federal court of requiring them to work through meal breaks without pay, ending the case Monday in federal court.

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Wells Fargo Investors Win Class Cert. In 'Sham' Hiring Case

By Hailey Konnath

A California federal judge has certified a class of thousands of Wells Fargo & Co. investors in litigation over the bank's alleged practice of conducting "sham" job interviews to meet diversity targets, a strategy investors say led to stock prices dropping when the truth came to light, according to an order issued Friday.

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Brief

Boston Children's To Pay $3M In Retirement Plan Fee Suit

By Elliot Weld

Boston Children's Hospital will pay $3 million to a class of participants in its retirement plan to settle claims that it saddled them with excessive fees.

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PRODUCT LIABILITY

Justices Open To New Combat Compensation Filing Window

By Jared Foretek

A group of U.S. Supreme Court justices seemed open to letting late-filing veterans get retroactive combat-related special compensation, with some justices saying that the statute might be explicit enough to not fall under the Barring Act's statute of limitations.

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Imerys Halts Ch. 11 Trial Over Foreign Claimant Issues

By Vince Sullivan

Bankrupt talc suppliers Imerys Talc America and Cyprus Mines Corp. and parties supporting their Chapter 11 plan to deal with asbestos injury claims unexpectedly announced Monday they wanted to halt the plan confirmation proceedings, following more than four days of evidence, citing issues surrounding the treatment of foreign claims against the debtors.

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Ziploc 'Microwave Safe' Bags Shed Microplastics, Buyer Says

By Lauren Berg

S.C. Johnson & Son Inc. falsely markets Ziploc bags and containers as "microwave safe" and suitable for use in freezers despite knowing they are made from materials that shed microplastics into food when the products are used as directed, according to a proposed class action filed in California federal court.

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Walgreens Opposes Merging 'Non-Drowsy' Labeling Suits

By Celeste Bott

Walgreens is pushing back on a bid to consolidate two Illinois federal lawsuits alleging the "non-drowsy" label on some of the retailer's cough suppressant medications is misleading, saying the two cases involve different allegations and are at different stages, and arguing that consolidation would cause a delay in the litigation.

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CONSUMER PROTECTION

Chancery OKs Shortcut For Derivative Fox Suit

By Jeff Montgomery

A Delaware vice chancellor late Monday approved an unprecedented Fox Corp. call for a targeted summary judgment proceeding focused on a single Fox director's independence after a different jurist rejected, in November, dismissal of the suit, which seeks hundreds of millions of dollars in defamation damages in connection with broadcasts of bogus 2020 election claims.

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Ga. Speaker Claims Immunity In Lawsuit Over Lawmaker Ban

By Kelcey Caulder

Georgia Speaker of the House Jon Burns has asked a federal judge to free him from a lawsuit lodged by the constituents of a lawmaker who was barred from the chamber in January after calling Burns' predecessor "one of the most corrupt Georgia leaders we'll ever see in our lifetimes."

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Nivea Maker Hit With False Ad Greenwashing Suit

By Gina Kim

The Nivea brand of products such as lotions, body creams, deodorants and cleansing wipes are falsely advertised as made predominantly of ingredients derived from natural products, like aloe or avocado oil, even though nearly all the ingredients are synthetic, according to a proposed class action filed in California federal court.

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IP & TECHNOLOGY

Napco Faces Investor Suit Over Sales Downturn

By Emilie Ruscoe

Security device maker Napco Security Technologies Inc. faces a proposed investor class action alleging that the company overpromised on a long-term earnings margin goal, hurting investors when trading prices fell as its sales and progress toward that target stalled in February.

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Brief

9th Circ. Nixes COVID-19 App Suit Appeal Against Apple

By Jared Foretek

The Ninth Circuit has once again shut the door on a doctor's suit accusing Apple of illegally refusing to distribute his COVID-19 tracking app through its app store, affirming a lower court ruling from October 2024 that denied his motion to reopen.

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ENERGY & ENVIRONMENTAL

5th Circ. Grants DOL 30-Day Stay In States' ESG Rule Appeal

By Kellie Mejdrich

The Fifth Circuit on Monday granted the U.S. Department of Labor's request to stay an appeal from Republican-led states in a suit challenging the agency's rule that allows retirement fiduciaries to consider issues like climate change and social justice when choosing investments, but limited the pause to 30 days.

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Green Group Says Shell Case Discovery Fees Are Too Costly

By P.J. D'Annunzio

A Philadelphia-based environmental group suing Shell over pollution from a Western Pennsylvania chemical plant balked at a federal court's order that it pay 15% of the cost to resolve a discovery dispute, arguing it could be left with a potentially devastating tab.

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IMMIGRATION

Judge Wants Flight List In '3rd Country' Removal Case

By Julie Manganis

A Massachusetts federal judge on Monday ordered the government to give counsel for a group of deportees challenging their removal to El Salvador the names of everyone else on board at least two flights to that country that occurred after he entered a March order requiring additional due process protections.

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REAL ESTATE

Miami Condo Fire Victims Win Class Certification

By David Minsky

A Florida state court judge certified a class of more than 140 Miami residents displaced in a condominium fire in a lawsuit alleging the structure was not safely maintained, ruling that the case will proceed more efficiently and that will also financially benefit the individual plaintiffs.

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EXPERT ANALYSIS

Class Actions At The Circuit Courts: April Lessons

In this month's review of class action appeals, Mitchell Engel at Shook Hardy discusses four federal appellate court decisions and identifies practice tips from cases involving pretrial detainee bail funds, employment law, product defect allegations and claims of not providing proper pain medication at a jail.

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LEGAL INDUSTRY

The 2025 Lawyer Satisfaction Survey

Law firms and the legal profession are facing new uncertainties, shifting the stress levels, economic pressures, and overall contentment of lawyers in private practice, according to the 2025 Law360 Pulse Lawyer Satisfaction Survey.

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'The Court Is Not A Cartoon': Judge Rips Dragon Watermark

By Hailey Konnath

A Michigan federal magistrate judge Monday ordered an East Lansing, Michigan, firm called Dragon Lawyers PC to stop plastering its pleadings with a large, suit-clad purple cartoon dragon watermark on each page, saying it's not only "distracting, it's juvenile and impertinent."

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Analysis

Feds Have Strong Hand On Judge Charged With Blocking ICE

By Danielle Ferguson and Carolyn Muyskens

A Wisconsin state judge faces an uphill battle in defending against federal criminal allegations that she helped a man evade immigration officials at a Wisconsin courthouse, but she may be able to stake out a defense in arguing the government can't prove intent, experts told Law360. 

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California Judge Loses Pay After Conviction For Murdering Wife

By Gina Kim

The California Commission on Judicial Performance formally suspended a California judge without pay after a state jury found him guilty of second-degree murder last week for shooting his wife to death in their Anaheim Hills home on Aug. 3, 2023, following a heated argument. 

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Q&A

Sullivan M&A Chief Sees Opportunities Amid Tariff Turmoil

By Al Barbarino

After a rocky start to 2025, the mergers and acquisitions landscape is grappling with economic volatility, shifting trade policies and a complex regulatory environment. But even in a "choppy" market, there are always deals to be made, says Melissa Sawyer, global head of Sullivan & Cromwell LLP's M&A group and co-head of its corporate governance practice.

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NJ Judge Apologizes Through Waylon Jennings Lyrics

By George Woolston

Clark Township, New Jersey, Municipal Judge Antonio Inacio said Tuesday that he isn't proud of all the things that led him to appear before a Garden State judiciary disciplinary committee, but he can say that he never intentionally hurt anyone by his conduct.

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$10M Brown Rudnick Deal With Guo Trustee Gets Judge's OK

By Aaron Keller

A Connecticut bankruptcy judge on Tuesday approved a $10 million deal between Miles Guo's Chapter 11 trustee and the Chinese exile's onetime attorneys at Brown Rudnick LLP, and greenlighted 10 lesser settlements with other firms and luxury retailer Versace.

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Analysis

GOP Plan To Shutter Audit Watchdog Could Strain SEC

By Jessica Corso

Congressional Republicans are renewing the push to get rid of a financial regulator that conservatives have complained is costly and lacks proper oversight, but some former staffers at the Public Company Accounting Oversight Board wonder whether the U.S. Securities and Exchange Commission has the manpower or expertise to take over the board's duties.

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Federal Defenders Of NY Staff Announce Union Drive

By Andrea Keckley

Staff members at the Federal Defenders of New York have announced their plans to join their attorney colleagues as members of the Association of Legal Advocates and Attorneys.

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Justices Scoff At Feds' Defenses In Mistaken FBI Raid Case

By Chart Riggall

Supreme Court justices Tuesday appeared flummoxed by the government's "ridiculous" arguments it should be immune to a Georgia resident's lawsuit over a mistaken FBI raid on her house, but seemed unlikely to issue a blanket ruling on when an officer's discretion trumps their liability for injuries caused by their actions.

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Alex Jones Wants High Court Look At $1.3B Sandy Hook Case

By Brian Steele

Bankrupt Infowars host Alex Jones will ask the U.S. Supreme Court to invalidate a mammoth libel judgment that families of Sandy Hook shooting victims secured against him and his company over his conspiratorial broadcasts calling the massacre a hoax, he told a Connecticut appellate court in seeking to extend a pause on the payout.

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Breyer To Talk Pragmatism At NJ Bar Association Convention

By Carla Baranauckas

Retired U.S. Supreme Court Justice Stephen Breyer will bring his pragmatic legal philosophy to center stage when he appears at the New Jersey State Bar Association Convention on May 16 in Atlantic City.

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LAW FIRMS IN TODAY'S NEWS

Advisors LLC

ArentFox Schiff LLP

Bailey & Glasser

Baker & Hostetler

Berger Montague

Bernstein Litowitz

Blank Rome

Boyden Gray

Broocks Law Firm

Brown Rudnick

Bruckner Burch

Bursor & Fisher

Capozzi Adler PC

Clarkson Law Firm PC

Clement & Murphy

Cohen Milstein

Cohn Birnbaum

Davidson Bowie

Dovel & Luner

Faegre Drinker

Fagan McManus

Friedlander & Gorris

GPS Legal

Gibson Dunn

Gutride Safier

Hagens Berman

Haller Law PLLC

Hamilton Lincoln

Hodgson Russ

Jarrard & Davis

Josephson Dunlap

Kessler Topaz

King & Spalding

Kirkland & Ellis

Klausner Kaufman

Koskoff Koskoff

Kozyak Tropin

Kubicki Draper

Latham & Watkins

Levi & Korsinsky

Levy Konigsberg

Lieff Cabraser

Loretta A. Preska

Lowenstein Sandler

Mayer Brown

McManimon Scotland

Meritz Reddy

Miller Shah LLP

Morgan Lewis

NachtLaw

Napoli Shkolnik

Neubert Pepe

Pearson Warshaw

Pomerantz LLP

Randazza Legal Group

Reed Smith

Richards Layton

Saxena White

Schneider Wallace Cottrell Konecky LLP

Shook Hardy

Sidley Austin

Spero Law LLC

Stewart Tilghman

Sullivan & Cromwell

Sullivan Hazeltine

Sumner Meeker

Wachtell Lipton

White & Case

WilmerHale

COMPANIES IN TODAY'S NEWS

AT&T Inc.

Allergan PLC

American Benefits Council

Apple Inc.

Associated Press

Avis Budget Group Inc.

Bausch Health Cos. Inc.

Beiersdorf AG

Boston Children's Hospital

Chevron Corp.

Clean Air Council

Comcast Corp.

Dell Technologies Inc.

Deloitte Touche Tohmatsu Ltd.

Environmental Integrity Project

Epic Games Inc.

Ethiopian Airlines Enterprise

FMR LLC

FTI Consulting Inc.

Financial Engines, Inc.

Fox Corp.

Fresenius Medical Care AG & Co. KGAA

Fresenius SE & Co. KGaA

Google LLC

Human Rights First

Imerys SA

Institute for Justice

Johnson & Johnson

LinkedIn Corp.

MSP Recovery

McLaren Health Care Corp.

Meta Platforms Inc.

NASDAQ Inc.

New Jersey State Bar Association

Pershing Square Capital Management LP

Plantronics Inc.

Polycom Inc.

Public Co. Accounting Oversight Board

S.C. Johnson & Son Inc.

State Bar of Michigan

Telephone & Data Systems Inc.

The Boeing Co.

The ERISA Industry Committee

The New York Times Co.

Toronto-Dominion Bank

United States Cellular Corp.

Veolia Environnement SA

Walgreens Boots Alliance Inc.

Wells Fargo & Co.

Zuora Inc.

GOVERNMENT AGENCIES IN TODAY'S NEWS

California Commission on Judicial Performance

Delaware Court of Chancery

European Union

Federal Aviation Administration

Federal Bureau of Investigation

Georgia General Assembly

National Labor Relations Board

New Jersey Supreme Court

New York State Department of Corrections and Community Supervision

Oregon Attorney General's Office

U.S. Attorney's Office for the Eastern District of Wisconsin

U.S. Bankruptcy Court for the District of Delaware

U.S. Court of Appeals for the Fifth Circuit

U.S. Court of Appeals for the First Circuit

U.S. Court of Appeals for the Ninth Circuit

U.S. Court of Appeals for the Second Circuit

U.S. Court of Appeals for the Sixth Circuit

U.S. Court of Appeals for the Third Circuit

U.S. Department of Defense

U.S. Department of Homeland Security

U.S. Department of Justice

U.S. Department of Labor

U.S. District & Bankruptcy Courts of Southern District of Texas

U.S. District Court for the Central District of California

U.S. District Court for the District of Massachusetts

U.S. District Court for the District of New Jersey

U.S. District Court for the Eastern District of Michigan

U.S. District Court for the Eastern District of New York

U.S. District Court for the Middle District of Tennessee

U.S. District Court for the Northern District of California

U.S. District Court for the Northern District of Georgia

U.S. District Court for the Northern District of Illinois

U.S. District Court for the Southern District of New York

U.S. District Court for the Western District of Michigan

U.S. District Court for the Western District of Pennsylvania

U.S. Immigration and Customs Enforcement

U.S. Securities and Exchange Commission

U.S. Supreme Court

United States Bankruptcy Court for the District of Connecticut