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David Meyer served as lead counsel on behalf of over 200 retirees in Ohio in an unauthorized trading and breach of fiduciary class action against Prudential Securities. Following a multiple week trial, the jury returned a verdict for $12 million in compensatory damages and $250 million in punitive damages. After a seven year legal battle, including multiple appeals by Prudential, every retiree class member received more than 100% of their individual damages, even after deducting attorneys’ fees and expenses.
David Meyer served as lead counsel on behalf of over 200 retirees in Ohio in an unauthorized trading and breach of fiduciary class action against Prudential Securities. Following a multiple week trial, the jury returned a verdict for $12 million in compensatory damages and $250 million in punitive damages. After a seven year legal battle, including multiple appeals by Prudential, every retiree class member received more than 100% of their individual damages, even after deducting attorneys’ fees and expenses.
In a case filed in Chicago, Meyer Wilson and its co-counsel achieved the largest all-cash class settlement in the history of the TCPA. Consumers who received automated or prerecorded calls on their cell phones were able to make claims for their share of the common fund; more than 1.4 million persons did so and received checks as a direct result of this historic settlement.
In a case filed in Chicago, Meyer Wilson and its co-counsel achieved the largest all-cash class settlement in the history of the TCPA. Consumers who received automated or prerecorded calls on their cell phones were able to make claims for their share of the common fund; more than 1.4 million persons did so and received checks as a direct result of this historic settlement.
In April 2015, HSBC agreed to pay $39.975 million into a settlement fund for the benefit of consumers, represented by Meyer Wilson, who received automated or prerecorded message on their cell phones from HSBC. This was one of the largest settlements in the history of the TCPA.
In April 2015, HSBC agreed to pay $39.975 million into a settlement fund for the benefit of consumers, represented by Meyer Wilson, who received automated or prerecorded message on their cell phones from HSBC. This was one of the largest settlements in the history of the TCPA.
Consumers were able to share in a common fund of $32 million, which Bank of America paid in a class action lawsuit brought by Meyer Wilson in San Francisco. The plaintiffs alleged that the debt collection robocalls they received were illegal. This was the largest such settlement in history at that time.
Consumers were able to share in a common fund of $32 million, which Bank of America paid in a class action lawsuit brought by Meyer Wilson in San Francisco. The plaintiffs alleged that the debt collection robocalls they received were illegal. This was the largest such settlement in history at that time.
Meyer Wilson was co-lead Class Counsel in this nationwide class action alleging unauthorized autodialer calls to the cell phones of borrowers. The $24.15 million class settlement was the largest in the history of the TCPA at that time.
Meyer Wilson was co-lead Class Counsel in this nationwide class action alleging unauthorized autodialer calls to the cell phones of borrowers. The $24.15 million class settlement was the largest in the history of the TCPA at that time.
Meyer Wilson’s clients had alleged that ING had promised them that their ability to modify the mortgage notes on their adjustable rate mortgages if interest rates went down would never be taken away, nor would it ever go up in price during the life of their loan. After nearly five years of litigation, Meyer Wilson achieved a class settlement of $20.35 million in cash for its clients.
Meyer Wilson’s clients had alleged that ING had promised them that their ability to modify the mortgage notes on their adjustable rate mortgages if interest rates went down would never be taken away, nor would it ever go up in price during the life of their loan. After nearly five years of litigation, Meyer Wilson achieved a class settlement of $20.35 million in cash for its clients.
Meyer Wilson’s class action lawyers obtained a settlement with PNC Bank that resulted in a payment of $7 million for mortgage loan officers who alleged that they had been improperly classified as exempt from the overtime laws.
Meyer Wilson’s class action lawyers obtained a settlement with PNC Bank that resulted in a payment of $7 million for mortgage loan officers who alleged that they had been improperly classified as exempt from the overtime laws.
Bank of the West paid more than $3.35 million in cash to fund a settlement with consumers who alleged that they were robocalled illegally.
Bank of the West paid more than $3.35 million in cash to fund a settlement with consumers who alleged that they were robocalled illegally.
Meyer Wilson sued big box retailers Lowe’s, Best Buy, and HH Gregg, alleging that those stores had installed the wrong type of vent on clothes dryers in their customers’ homes. The type of vents the stores were using could cause fires, according to the installation instructions given by manufacturers of the dryers themselves, the lawsuits alleged. As a result, Meyer Wilson argued that it wasn’t fair that the stores should be able to keep the money from their installation charges for such allegedly dangerous installations. In settling the cases on a classwide basis, each of the retailers agreed to re-do the installations with the proper type of vent - for any customer who wished - at no charge.
Meyer Wilson sued big box retailers Lowe’s, Best Buy, and HH Gregg, alleging that those stores had installed the wrong type of vent on clothes dryers in their customers’ homes. The type of vents the stores were using could cause fires, according to the installation instructions given by manufacturers of the dryers themselves, the lawsuits alleged. As a result, Meyer Wilson argued that it wasn’t fair that the stores should be able to keep the money from their installation charges for such allegedly dangerous installations. In settling the cases on a classwide basis, each of the retailers agreed to re-do the installations with the proper type of vent - for any customer who wished - at no charge.
A class action is a procedural device within the legal system that permits one or more persons to sue as representative of a large group of people interested in the matter at issue. The court typically has wide discretion in determining whether the case should proceed on a class wide basis. However, certain requirements must usually be met. For example:
In most consumer class action suits, all members of the class are bound by the decision, unless a member of the class opted out of the action at a specified time in the lawsuit.
Some members of the public view class action litigation as benefiting the lawyers more than the class members. This image of class actions is often advanced by organizations and large corporations seeking to undermine the ability of consumers and small- and mid-sized business owners to protect themselves against large-scale corporate misconduct. "Without the checks and balances system that the class action provides, unscrupulous corporations would be free to defraud consumers without threat of consequence.
A system dominated by big business is something we cannot afford," states David P. Meyer in response to some negative opinions expressed regarding the class action process. "States' Attorneys General and regulators work hard to protect consumers, but they are often over-worked and under-funded," says Meyer. He continues, "[as] lawyers representing consumers in class action litigation, we serve an important 'private attorney-general' role in America's legal system." Similarly, Matthew R. Wilson states: "Unlike in Europe, where there is a large regulatory apparatus that is charged with ferreting out and prosecuting consumer fraud, here in the United States, private attorneys have that vital and necessary role. We must police such misconduct."
It is important for the public to know that before any class action settlements may be implemented, the judge presiding over the case must allow all who wish to state their positions and/or objections to do so, and may approve the settlement, including the attorneys' fees, only if the settlement and fees are fair and reasonable.
At Meyer Wilson, the lawyers and support personnel work hard on every one of our cases to ensure that our clients receive the best possible outcome. The primary goal of the firm is to reach a fair and just remedy for the class as a whole, and the firm has consistently performed this service for its clients, as demonstrated by the results.
