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Financial Class Action Lawsuit Information
Tennessee Valley Authority
Chattanooga, TN: (Aug-21-07) Birmingham Steel Co. filed a class action lawsuit against the Tennessee Valley Authority (TVA), alleging that it overcharged for economy surplus power during the summer of 1998 by improperly including some incremental costs in its power bills. Other industrial customers joined the action. The plaintiffs claimed that instead of distributing cheaper power generated by TVA to the industrial customers on hot summer afternoons, TVA delivered more expensive power bought from other producers and charged the economy surplus power customers higher rates.
Landlord to Pay $5.5 Million in Class Action Settlement
A California Landlord has been found guilty of withholding in excess of $180,000 in security deposits over the past 10 years, and must pay his ex-tenants a total of $5.5 million in fines and reimbursements.
CIBC.
A settlement of at least $16.5 million has been reached in the class action lawsuit filed on behalf of Visa credit card holder. The suit alleged that the bank had charged the plaintiffs improper fees on foreign currency transactions.
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