Two major companies, Wells Fargo and L'Oreal USA Inc, have agreed to settlements following separate lawsuits brought against them.
Wells Fargo has agreed to pay $300 million to settle a shareholder lawsuit claiming the bank pushed unnecessary insurance on auto loan customers, whereas L'Oreal USA is to deal with almost 60 lawsuits claiming their hair relaxer products lead to cancer and other health problems.
Wells Fargo has agreed to pay $300 million to settle a lawsuit claiming the bank pushed unnecessary insurance on auto loan customers, according to documents filed in U.S. court.
A class action brought by The Construction Laborers Pension Trust for Southern California alleged that Wells Fargo hid that it had pushed unnecessary insurance on customers.
Meanwhile, L'Oreal USA Inc is dealing with nearly 60 lawsuits claiming their hair relaxer products lead to cancer and other health problems.
The lawsuits allege the companies knew their products contained dangerous chemicals but marketed and sold them anyway.
The lawsuits will be consolidated in a Chicago federal court and will be centralized into a multidistrict litigation before U.S. District Judge Mary Rowland.
The cases name the U.S. subsidiary of L'Oréal SA and subsidiaries of India-based companies Godrej SON Holdings Inc and Dabur International Ltd.