Wells Fargo Health Plan Litigation
Navarro, et al. v. Wells Fargo & Co. (D. Minn.): Cohen Milstein is representing members of the Wells Fargo & Company Health Plan in a putative class action against Wells Fargo and senior executives for mismanaging Wells Fargo’s prescription-drug benefits program. Plaintiffs allege that such breaches of fiduciary duties and prohibited transactions have cost their ERISA plan and their employees millions of dollars in the form of higher payments for prescription drugs, higher premiums, higher out-of-pocket costs, and lower wages or limited wage growth.
Hartford HealthCare Litigation
Estuary Transit District v. Hartford HealthCare Corporation (D. Conn.): Cohen Milstein, as court-appointed Co-Lead Counsel, is representing plaintiffs in a putative antitrust class action against Hartford HealthCare, one of Connecticut’s dominant hospital providers for unlawfully monopolizing, restraining trade, and engaging in price fixing in the Connecticut inpatient and outpatient health services markets.
Social Media Addiction
Social Media Addiction (Sup. Crt. Cal.): Cohen Milstein is currently investigating on behalf of families and young adults in personal injury, wrongful death, and product liability mass tort lawsuits against major social media platforms, including Instagram, Snapchat, TikTok, and others for knowingly and recklessly creating addictive platforms which can be harmful to users, and failing to warn minor users and their parents about the risks of addiction and resulting harm.
In Re PayPal Honey Browser Extension Litigation
In Re PayPal Honey Browser Extension Litigation (N.D. Cal.): Cohen Milstein represents social media influencers, bloggers, and other content creators against PayPal, Inc. and PayPal Holdings, Inc. for wrongfully and surreptitiously stealing their rightfully earned affiliate marketing commissions through the use of PayPal’s Honey browser extension.
BDO USA ESOP Litigation
Taylor v. BDO USA (D. Mass.): Cohen Milstein represents participants and beneficiaries of the BDO USA Employee Stock Ownership Plan in a putative ERISA class action. Plaintiff alleges that BDO USA’s board of directors ensured that control of BDO was kept in the hands of management rather than the ESOP, used inflated revenues to value BDO, and engaged in a self-dealing transaction involving the ESOP purchasing 42% of the company’s common stock for approximately $1,300,000,000 – a purchase price that exceeded fair market value.
Caesars Entertainment Data Breach Litigation
In Re: Data Breach Security Litigation Against Caesars Entertainment, Inc. (D. Nev.): Cohen Milstein serves as Co-Lead Class Counsel in this consolidated class action against Caesars Entertainment, Inc. for allegedly failing to implement reasonable data security protocols, thereby allowing the PII of more than 65 million members of Caesars Rewards Members to be made vulnerable in a massive cyberattack in August 2023.
ITT Educational Services Securities Litigation
In re ITT Educational Services, Inc. Securities Litigation (S.D.N.Y.): Cohen Milstein, as Lead Counsel, represented Plumbers and Pipefitters National Pension Fund and Metropolitan Water Reclamation District Retirement Fund in this consolidated securities fraud class action against ITT Educational Services, Inc., and certain officers. Investors claimed that ITT made material misrepresentations and omissions related to the company’s liabilities involving certain risk-sharing agreements it had entered into with third-party lenders in connection with ITT student loans. On March 8, 2016, the Court granted final approval to an approximately $16.96 million cash settlement.
Orthofix International N.V. Securities Litigation
Plumbers & Pipefitters Nat’l Pension Fund v. Orthofix Int’l N.V. (S.D.N.Y.): Cohen Milstein served as Lead Counsel in this securities fraud class action against Orthofix International N.V., a medical device company, and three of its officers for making alleged material misrepresentations and omissions about the company’s financial performance and future prospects in the company’s financial statements. On April 29, 2016, the court granted final approval to an $11 million settlement.
Impax Laboratories, Inc. Securities Litigation
Mulligan v. Impax Laboratories, Inc. et al. (N.D. Cal.): Cohen Milstein served as Co-Lead Counsel in this securities class action against Impax Laboratories, Inc. Investors claimed that Impax knowingly made false or misleading statements about serious deficiencies at a manufacturing facility, as well as its inability to timely remedy those deficiencies as was required by the U.S. Food and Drug Administration. On July 23, 2015, the court granted final approval to an $8 million cash settlement.