Major Legal Battles and Class Action Updates

This living topic covers significant class action lawsuits and high-profile litigation cases, focusing on issues ranging from corporate misdeeds to consumer rights. Key stories include shareholder lawsuits against Tesla over the SolarCity acquisition, major employment discrimination cases such as Dukes v. Wal-Mart, and the implications of mandatory arbitration clauses in consumer contracts as seen in cases involving AT&T and Chase Bank. The content also delves into antitrust concerns with UnitedHealth's proposed acquisition of Amedisys and Facebook's alleged discriminatory housing ads. These articles provide insights into how these legal battles could reshape corporate accountability and consumer protections.

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Capital One sued for 'cheating' customers out of more than $2 billion, CFPB alleges

The bank allegedly kept customers in the dark about a higher-yielding account

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Capital One has been sued by the Consumer Financial Protection Bureau (CFPB) for allegedly "cheating" millions of customers out of more than $2 billion of interest payments on savings accounts.

When interest rates rose across the U.S., Capital One allegedly froze interest rates on its flagship "360 Savings" account, which promised one of the nation's "best" and "highest" interest rates, the financial regulator said Tuesday.

Around the same time, Capital One created a new s...

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