Over the past few decades, there has been a rise in the amount of savings individuals need to live in relative comfort after retirement. CNBC points out that this ongoing increase comes with inadequate Social Security cost-of-living adjustments, meaning retirees may...
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What are the benefits and drawbacks of class action lawsuits?
Class action lawsuits are a procedural device that lets one (or multiple) plaintiffs file a lawsuit. They can then prosecute a lawsuit for a larger group on a whole, which is a "class". This is a common legal device, but one that still suffers from many...
What to know about the Peloton treadmill recall
The fast-growing home fitness company Peloton has issued a recall on its Tread and Tread+ treadmill models after the death of a 6-year-old child and injuries of dozens of others. The recalls come in the wake of a recent warning from the Consumer Product Safety...
Can I file a claim when my employer violates California’s lunch break laws?
California is one of several states requiring employers to provide half-hour lunch breaks to nonexempt employees as long as they work at least five hours during a shift. This period can be waived if the worker agrees and their shift is less than six hours. Companies...
Lesser pay based on gender may require a legal action
The Equal Pay Act prohibits employers from discriminating against an employee based on gender when determining compensation and benefits. As noted by the U.S. Equal Employment Opportunity Commission, the amount of pay must coincide with the job’s duties and...
Class actions: retirement account collateralized loan interest
Individuals who plan to borrow from an employer-sponsored retirement account or plan to use a third-party administrator to oversee employee retirement accounts should not underestimate the importance of doing due diligence. Rules and laws are in place to prevent the...
How fast should an insurance claim process?
One of the ways an insurance company may perpetrate fraud is by stalling the claims process and avoiding any decision on your claim. It can help you to assess the situation better by understanding how long the process should take. Trusted Choice explains the insurance...
Does your Ford have EcoBoost engine issues?
In March 2021, owners of Ford and Lincoln vehicles filed a class-action lawsuit in Arkansas because of problems with the manufacturers' EcoBoost engine. According to the claim, Ford has failed to adequately address a defect that leads to premature engine breakdown. If...
Judge allows class-action against Apple to continue
While most people in California may have heard about a class-action lawsuit, few might actually understand the principle behind it. A simple answer might be that such an action is a legal claim filed on behalf of multiple parties, yet it may be even more complex than...
What should I look for to uncover an investment scam?
Investing can be a wonderful way to increase your income, but you must invest carefully. There are a variety of scams that target investors and can steal your money. The FBI explains investment scams occur so often that they often seem like legitimate investment...