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At Sept. 30, 2015, $DD had 37 of the pending lawsuits alleging wrongful death. Six plaintiffs from the multi-district litigation (MDL) were selected for individual trial in 2014. On Oct. 7, 2015, in the first individual trial, jury awarded $1.6MM in compensation. $DD expects to appeal the decision. Second trial is scheduled to begin in March 2016.
The latest earnings report by $VZ shows how it is losing customers despite offering the unlimited data plans, a record for the company.
$BEBE is closing down all its stores by the end of May.
$WFC agreed to hike its payout in a class-action settlement over unauthorized accounts by $32 million to $142 million for its retail sales practices. The settlement will now include customers who were impacted as early as May 2002.