Tag: Class action

BusinessStartupsTechnology

Rivian Settles Shareholder Lawsuit for $250 Million Following 2022 Vehicle Price Controversy

Electric vehicle maker Rivian will pay $250 million to resolve a class-action lawsuit filed by shareholders after sudden price increases on its R1 vehicles. The settlement comes as the company prepares for its crucial R2 SUV launch amid declining R1 sales and recent layoffs.

Major Settlement Agreement Reached

Electric vehicle manufacturer Rivian has reportedly agreed to pay $250 million to settle a class-action shareholder lawsuit stemming from controversial price increases on its R1 vehicles in 2022, according to court documents and company statements. The lawsuit alleged that Rivian included misleading information about production costs in its IPO documentation prior to going public in 2021.

by Darren Holt
BusinessCybersecurity

AT&T Reaches $177 Million Data Breach Settlement – Claim Process Details Revealed

Telecommunications giant AT&T has agreed to a $177 million settlement to resolve class action lawsuits stemming from two major data breaches. Current and former customers may be eligible for compensation up to $7,500 depending on which breaches affected them and their ability to demonstrate financial losses.

Major Settlement Reached in AT&T Data Breach Cases

Telecommunications provider AT&T has agreed to pay $177 million to settle class action lawsuits stemming from two significant data breaches, according to court documents and settlement administrators. The settlement, which was preliminarily approved by a Texas judge in August, avoids what would have been a lengthy trial process for the telecom giant.

by Carter Wells