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Berman Tabacco Announces Investigation of Evolv Technologies Holdings, Inc. (EVLV, EVLVW) Concerning Accounting Practices

BOSTON, Oct. 28 (Korea Bizwire) — Berman Tabacco, a national law firm representing investors, is investigating potential securities law violations by Evolv Technologies Holdings, Inc. (“Evolv” or the “Company”) (NASDAQ: EVLV, EVLVW). About the Investigation On October 25, 2024, Evolv filed a Form 8-K with the U.S. Securities and Exchange Commission disclosing that an “ad [...]

Class Action Filed Against Samsung Electronics in U.S. over QLED TVs

SEOUL, July 4 (Korea Bizwire) — A class action lawsuit has been filed against Samsung Electronics Co. and Best Buy in the United States over Samsung’s QLED 4K televisions, industry sources said Tuesday. The lawsuit was filed on Monday (U.S. time) by Ray Kim Law in California Central District Court. The suit alleges some Samsung [...]

Gainey McKenna & Egleston Announces VimpelCom, Ltd. Class Action Litigation Update (Now Known As VEON Ltd.) (VEON)

NEW YORK, Sept. 25 (Korea Bizwire) — Gainey McKenna & Egleston announces Class Action update regarding VEON, Ltd. (“VEON” or the Company”) (NASDAQ:VEON), previously known as VimpelCom, Ltd. On December 9, 2016, Lead Plaintiff in the action filed an amended class action complaint. The amended complaint asserts claims on behalf of all persons or entities [...]

Court Rules in Favor of Samsung over Note 7 Debacle

SEOUL, Aug. 9 (Korea Bizwire) — A local court on Wednesday ruled in favor of Samsung Electronics Co. in a class action suit filed by some 1,900 owners of the tech giant’s ill-fated Galaxy Note 7, saying that it is hard to believe their inconvenience in the wake of the recall of the device and [...]

Deutsche Bank Ordered to Compensate Investors for Stock Manipulation in Class Action Suit

SEOUL, Jan. 20 (Korea Bizwire) – A lower court ordered Deutsche Bank on Friday to compensate investors for damage it caused by manipulating stock prices, in the nation’s first-ever ruling on a class action suit. The Seoul Central District Court ordered the Germany-based financial services company to pay a total of 8.55 billion won (US$7.28 [...]

Court Rules against Consumers in Class Action Lawsuit against Hyundai Motor Co.

SEOUL, Oct. 21 (Korea Bizwire) – A Seoul district court on Thursday ruled against a group of 1,890 consumers who have filed a class-action lawsuit against Hyundai Motor Co. over the alleged exaggeration of the gas mileage of an SUV made by the country’s No. 1 automaker. The Seoul Central District Court said that as [...]

9 out of 10 Korean Lawyers Support Punitive Damages

SEOUL, June 15 (Korea Bizwire) – A recent survey has showed that 9 out of 10 Korean lawyers support a revision of the Korean legal system to allow for the implementation of punitive damages. Punitive damages refer to a policy in which defendants are obliged to pay a greater amount of damages when general compensatory damages [...]

Class Action Against Symantec Corp. for Misleading Product Re-Downloading Service

WASHINGTON, April 2, 2014 (Korea Bizwire) — A federal court ruled this week that purchasers of Norton antivirus software who bought a re-downloading service can proceed on a class action case against technology security provider Symantec and its e-commerce vendor, Digital River, Inc. The plaintiffs allege that Digital River and Symantec duped customers into buying [...]

Insurers Lose Customer-raised Lawsuits in More Than 70% of Cases

SEOUL, South Korea, Sept 28 (Korea Bizwire) – In as many as seven cases out of ten in which a customer sues an insurance company, the defendant lost. As for the cases where an insurance company sues a customer, the success rate was only two thirds, meaning the corporate plaintiff lost 33 percent of times. That [...]