Moves

Discover Financial Proposes $1.2 Billion Settlement Over Merchant Overcharge Claims Amid Major Acquisition Moves

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CHICAGO — Discover Financial Services is reportedly in the process of settling a class-action lawsuit that accuses the firm of excessively charging merchants. This action was publicly disclosed through a filing with the Securities and Exchange Commission on Wednesday, detailing that as of March 31, 2024, Discover has allocated $1.2 billion for refunds due to the misclassification of certain card products. The company has confirmed that this amount should cover all necessary payments under the proposed settlement. Previously, during a July earnings call, the financial services company admitted to incorrectly categorizing some card accounts into … Read more

Utah State Moves to Dismiss Coach Blake Anderson, Citing Title IX Noncompliance; Anderson Counters with High-Profile Legal Defense

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LOGAN, Utah — Utah State University has recently declared its decision to terminate Blake Anderson, the head coach of the university’s football program, following a review that cited noncompliance with university policies under Title IX regulations. The investigation found that Anderson allegedly failed to report instances of sexual misconduct and violence, and also allegedly undertook investigations into these disclosures himself, which university policies prohibit. Anderson, declining to accept the allegations without challenge, has enlisted the legal expertise of well-known sports attorney Tom Mars. Mars, who has a history of representing high-profile figures in collegiate sports, … Read more

Former Teacher Shot by 6-Year-Old Student Moves Forward with $40 Million Lawsuit Against Newport News Public Schools

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NEWPORT NEWS, Va. – Abby Zwerner, a former school teacher at Richneck Elementary School in Newport News, is now heading to trial in her lawsuit following a tragic incident. Zwerner was shot by her own 6-year-old student in her classroom. The judge has ruled that her $40 million lawsuit against Newport News Public Schools can proceed. Attorneys Diane Toscano, Kevin Biniazan, and Jeffrey Breit, representing Zwerner, expressed their satisfaction with the decision. They stated that this victory brings them closer to holding the Newport News School Board accountable for their actions. In November, Circuit Court … Read more

Texas Judge Moves Lawsuit Challenging CFPB’s $8 Credit Card Late Fee Rule to D.C., Dealing Blow to Credit Card Industry

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FORT WORTH, Texas – In a blow to banks and credit card issuers, a Texas judge has agreed to move a lawsuit challenging the Consumer Financial Protection Bureau’s $8 credit card late fee rule to the District of Columbia. The ruling by Judge Mark T. Pittman is a setback for the U.S. Chamber of Commerce and five other trade groups that sued the CFPB in March to stop the rule from taking effect on May 14. The CFPB accused the trade groups of engaging in “forum shopping” by filing the case in Texas to find … Read more