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MF Global faces class-action suits after bankruptcy

Two class-action lawsuits have been filed against bankrupt brokerage MF Global as customers struggle to recover funds from the first major US casualty of the European debt crisis. On Saturday, Seattle-based Hagens Berman said it was “investigating whether the company used clients’ money to offset losses the company had incurred…

With update to PS3 agreement, Sony removes its users’ right to sue

Sony has become the latest company to force its users into a binding mandatory arbitration (BMA) agreement through a change in its terms of service, effectively removing customers’ right to collectively sue by preventing them from using PlayStation 3 consoles online if they do not agree. The change in the…

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