In a significant legal development, ride-hailing giants Uber Technologies Inc. (“Uber”) and Lyft, Inc. (“Lyft”) reached a landmark settlement with the New York Attorney General to resolve claims of employee misclassification.
This settlement, totaling approximately $328 million, marks a pivotal moment in the ongoing debate surrounding labor rights in...
The United States Federal Trade Commission (“FTC”) revised the jurisdictional thresholds and filing fees under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (“HSR Act”), often cited with Section 7A of the Clayton Antitrust Act (15 U.S.C. § 18a, “Clayton Act Section 7A”) to adapt to changing economic landscapes and maintain effective...
New York, New York- Nematzadeh PLLC is proud to announce that our founding and managing attorney, Justin Nematzadeh, has been included in Marquis Who’s Who® as an Honored Listee on the America’s Who’s Who. Marquis Who’s Who publications feature the life stories of forefront figures in various sectors across the United States.
New York, New York – Nematzadeh PLLC and cocounsel have announced the filing of an antitrust class action lawsuit in the United States District Court for the Southern District of New York, on behalf of Frank Novak, against some of the world’s largest tire manufacturers. The defendants include, without limitation, Continental,...
In a case that could potentially redefine the landscape of collegiate athletics, the National Collegiate Athletic Association (“NCAA”) faces a significant antitrust legal challenge. Twin brothers have filed a lawsuit against the NCAA, alleging that it restricted their ability to play college basketball at Chicago State University.
The case,...
The U.S. Securities and Exchange Commission (“SEC”) has intensified its regulatory oversight of the cryptocurrency industry. This move has sparked a pivotal debate among investors and stakeholders regarding the nature of cryptocurrencies and their classification under U.S. law. In this blog, we explore the SEC’s recent actions and their implications for the...
In a significant legal victory for several major U.S. food manufacturers, an Illinois jury has ruled against prominent egg producers in a price-fixing lawsuit, a case that has been active for over a decade.
The lawsuit, Kraft Foods Global Inc. v. United Egg Producers Inc., No. 1:11-cv-08808-SCS (N.D. Ill.),...
In a significant legal development, a Missouri jury found that the National Association of Realtors (“NAR”), HomeServices of America, and Keller Williams Realty, Inc. conspired to inflate home sale commissions. In Sitzer v. The National Association of Realtors, No. 4:19-cv-00332-SRB (W.D. Mo.), the jury handed down a verdict of nearly $1.8 billion...
The recent settlement between CBRE Group, Inc. (“CBRE”), a prominent Dallas-based commercial real estate firm, and the U.S. Securities and Exchange Commission (“SEC”) is a significant development in whistleblower protection.
This case highlights the need for employers to comply with Rule 21F-17 of the Dodd–Frank Wall Street Reform...
In a significant development in antitrust litigation, Google has agreed to pay approximately $700 million in a settlement with several U.S. states and plaintiffs’ groups over allegations related to its Android app store (In re Google Play Developer Antitrust Litigation, No. 3:20-cv-05792-JD (N.D. Cal.)).
In this multidistrict antitrust litigation,...
