Alleged

Alleged Unauthorized Banking: Lawsuit Claims Walmart Opened Over a Million Accounts for Drivers Without Consent

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San Francisco — In a significant legal challenge, retail giant Walmart has been accused of opening bank accounts for approximately one million drivers without their consent, according to a recent lawsuit. The case, filed in federal court, raises serious concerns about the privacy and financial security of individuals who may have been unknowingly signed up for financial services. The lawsuit alleges that Walmart launched these unauthorized bank accounts over a period spanning several years. This action purportedly aimed at circumventing banking regulations and boosting the number of account openings, thereby creating an artificial appearance of … Read more

Walmart and Branch Messenger Face Lawsuit Over Alleged Forced Use of Costly Deposit Accounts for Gig Workers

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Washington, D.C. — In a significant legal action, the Consumer Financial Protection Bureau (CFPB) has lodged a lawsuit against Walmart and the fintech enterprise Branch Messenger. The CFPB alleges that these companies coerced over one million gig workers into using high-cost deposit accounts for receiving their wages, involving drivers on the Walmart Spark delivery platform. According to the CFPB, many of these accounts were reportedly created without the drivers’ consent. Furthermore, it is claimed that these workers were warned they might face termination if they chose not to accept these specified accounts for their pay … Read more

Investors Hit with Losses Sue MGP Ingredients, Inc. Over Alleged Misleading Statements

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RADNOR, Pa. — Investors who have experienced significant losses with MGP Ingredients, Inc., a publicly traded company, now have an opportunity to participate in a class action lawsuit. The lawsuit was initiated by Kessler Topaz Meltzer & Check, LLP, which alleges that the company misled its investors about its financial position and market dynamics. The lawsuit claims that between May 4, 2023, and October 30, 2024, MGP Ingredients made false and misleading statements about its business operations and prospects. Particularly, the lawsuit highlights that the company didn’t disclose the challenges of decreased consumption and oversupply … Read more

Robbins Geller Seeks Lead Plaintiff in Celsius Holdings Class Action Over Alleged Securities Fraud

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SAN DIEGO — Investors who bought shares of Celsius Holdings, Inc. during a specific six-month period this year must decide by January 21, 2025, if they wish to be appointed as lead plaintiff in a class action lawsuit against the company. The lawsuit, formally named Shelby Township Police & Fire Retirement System v. Celsius Holdings, Inc., was filed in the Southern Florida District Court and cites potential violations of the Securities Exchange Act of 1934 by Celsius and several of its senior executives. The case addresses allegations that Celsius Holdings, a company that markets and … Read more