The Miller Law Firm, P.C. is pleased to announce that the United States District Court, District of Minnesota granted final approval of a $62.5 million settlement in a class action against Wells Fargo Bank on behalf of participants in the Bank’s securities lending program. The total settlement amount is among the largest recoveries achieved in a securities lending class...
Continue ReadingThe Miller Law Firm succeeded in earning two of the top five Class Action Settlement rankings in the Michigan Lawyer’s Weekly ’s annual survey of “Million-Dollar Verdicts & Settlements 2013.” The firms’ securities fraud class-action lawsuit, In Re: Caraco Pharmaceutical Laboratories, Ltd. Securities Litigation in the Eastern District of Michigan, settled for $2,975,000. And, the firm’s class action relating...
Continue ReadingThe Miller Law Firm is a proud sponsor of the fifth annual Danielle Karmanos’ Work It Out Motor City Bike Ride taking place on Belle Isle, July 19, 2014. Funds raised benefit the Danielle Karmanos’ Work It Out (DKWIO) campaign, which is a non-profit organization that works to promote a healthy lifestyle for children across Southeast Michigan.
Continue ReadingOne of the Miller Law Firms antitrust class action lawsuits has been featured in the Michigan Lawyers Weekly, Verdicts and Settlements column. In the case of In re: Refrigerant Compressors Antitrust Litigation, the plaintiffs, represented by the Miller Law Firm, alleged a conspiracy where several compressor manufactures engaged in anti-competitive practices which resulted in members of the class paying...
Continue ReadingE. Powell Miller joined the University of Michigan’s head basketball coach, John Beilein and other industry professionals to speak at the “BLB&G Seminar on Litigation and Michigan’s Pension Funds” in Ann Arbor. The seminar explored the changing regulatory and legal landscapes affecting pension fund holdings as well as instructed listeners of the best practices for protecting their funds’ portfolios....
Continue ReadingThe Miller Law Firm has successfully settled a class action lawsuit against Well Fargo Bank N.A.’s securities lending program. Representing nearly 100 institutional investors, the Miller Law Firm argued that the bank mischaracterized its securities lending program as being safe, but instead placed significant amounts of cash collateral in high-risk investments such as structured investment vehicles which resulted in...
Continue ReadingOverdraft fee class action suit settled. Bank blamed software for reordering transactions. By: Michigan Lawyers Weekly Staff in Verdicts & Settlements April 25, 2014 In a federal class-action lawsuit, defendant Citizens Bank was accused of charging overdraft fees to customers as a result of the bank’s alleged resequencing of debits made on its customer’s accounts. Plaintiffs alleged that Citizens...
Continue ReadingE. Powell Miller is lead counsel in a jury trial scheduled to start April 14, 2014 against Wells Fargo Bank involving its securities lending program. There have been two prior jury trials on this issue, one in which the jury ruled in favor of the plaintiff and one in favor of Wells Fargo. In the later trial, although the...
Continue ReadingPlaintiffs say bank mismanaged securities By: Michigan Lawyers Weekly Staff in Verdicts & Settlements February 4, 2014 February 4, 2014 Download PDF Plaintiffs Board of Trustees of the City of Birmingham Retirement System asserted that defendant Comerica Bank had mismanaged plaintiffs’ securities lending program. Under the program, Comerica lent its clients’ securities to third parties. In turn, the borrowers...
Continue ReadingSupplemental disclosures had critical details about intrinsic value of company By: Michigan Lawyers Weekly Staff in Verdicts & Settlements January 28, 2014 Download the PDF here. Macomb County Circuit Court Judge John C. Foster approved a class-action settlement that secured valuable disclosures relating to the merger of defendant Asset Acceptance Capital Corp. with defendant Encore Capital Group Inc. On...
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