Signature Bank Accused in Lawsuit of Overlooking FTX Fraud
(Bloomberg) -- Signature Bank was accused in a lawsuit by an investment firm of facilitating the FTX collapse by allowing the now-defunct crypto exchange to commingle customer accounts with its blockchain network.
Crypto Bank Silvergate Hit With Investor Suit Over FTX Ties
Law360 (December 2, 2022, 7:30 PM EST) -- Investors have lodged a proposed class action against Silvergate Bank, which they say was "complicit in and responsible for" some of the losses stemming from the downfall of FTX Trading Ltd. because the cryptocurrency bank allowed FTX to direct customer deposits to a hedge fund owned by its former CEO, Sam Bankman-Fried.
Clif Bar Inks $10.5M Deal To End Sugar False Ad Action
Law360 (June 24, 2022, 6:18 PM EDT) -- Consumers of Clif Bars asked a California federal judge Thursday to bless a $10.5 million settlement resolving their class claims that the food company's labeling tricks buyers into thinking the bars are healthy, despite their high sugar content.
Mondelez Inks $8M Deal In Suit Over Sugar In Biscuits
Law360 (November 16, 2021, 1:02 PM EST) -- A group of consumers is asking a California federal judge to greenlight an $8 million deal to resolve class action claims that Mondelez International Inc.'s belVita breakfast biscuits misrepresent their sugar content.
Welch Inks $1.5M Deal To End Grape Juice False Ad Suit
Law360 (October 6, 2021, 6:38 PM EDT) -- A proposed class of grape juice buyers is asking a California federal court to give the go-ahead to a $1.5 million settlement with Welch Foods Inc. to end claims that it misled consumers by claiming three of its products help promote heart health.
Mondelez Biscuit Buyers Nab False Ad. Cert. On 2nd Try
A California federal judge on Monday certified two classes of consumers accusing Mondelez Global LLC of hiding the amount of sugar in its belVita breakfast biscuits, ruling they have now put forth a viable damages model almost exactly one year after denying their first class certification bid.
Post settles sugary cereal lawsuit for $15M and agrees to drop health-focused label claims
Post’s sugar-focused legal battle began in 2016 when plaintiffs filed a lawsuit saying the health and wellness claims on some of their cereals — including Great Grains, Bran Flakes and Raisin Bran — were false and misleading because of the amount of sugar the products contained.
Kellogg’s Deal Highlights Sugar Focus In Label Class Actions
Law360 (November 14, 2019, 4:39 PM EST) -- As many working in the food and beverage industry know, the regulatory landscape for manufacturers and retailers has undergone a number of significant shifts in the last few years. While some of these changes concern food safety, others reflect changes in consumers' thinking about nutrition.