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April 5- A federal judge will not allow a lawsuit accusing Apple Inc, Google Inc and other technology companies of conspiring not to poach each other's employees to proceed as a class action, but left the door open for affected workers to eventually sue as a group.
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April 5- A federal judge will not allow a lawsuit accusing Apple Inc, Google Inc and other technology companies of conspiring not to poach each other's employees to proceed as a class action, but left the door open for affected workers to eventually sue as a group.
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WASHINGTON, April 4- The U.S. Justice Department is again testing the reach of a once-dormant civil fraud law, applying it to money laundering after reviving it recently for cases tied to the financial crisis. In November, the Justice Department brought its first money-laundering case using FIRREA, in a lawsuit against the First Bank of Delaware.
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A group of shareholders in Royal Bank of Scotland has launched a multi-million pound lawsuit against the state-owned bank for misleading investors at the height of the credit crisis in 2008.
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A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.
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April 1- A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.
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*Ray Lane, Leonardo DiCaprio among Fisker's investors. NEW YORK/ DETROIT, March 28- Fisker Automotive, the U.S.-backed maker of luxury plug-in hybrid sports cars, has hired law firm Kirkland& Ellis to advise it on a possible bankruptcy filing, a source said on Thursday, while executives continue their search for a strategic investor.
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NEW YORK/ DETROIT, March 28- Fisker Automotive, the green-car company that has not built a car since July, has hired law firm Kirkland& Ellis to advise it on a possible bankruptcy filing, a person close to the matter said on Thursday.
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DETROIT/ NEW YORK, March 28- Fisker Automotive, the green-car company that has not built a car since July, hired restructuring lawyers from Kirkland& Ellis to prepare for a possible bankruptcy filing, The Wall Street Journal reported on Thursday, citing people familiar with the matter. On April 22, Fisker must make a payment on a U.S. Department of Energy loan.
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LONDON, March 28- A group of shareholders in Royal Bank of Scotland has launched a multi-million pound lawsuit against the state-owned bank for misleading investors at the height of the credit crisis in 2008..
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*Guinea picks law firms as advisers in contract review. CONAKRY, March 27- Guinea has chosen global law firm DLA Piper and three other advisers to help review and, if need be, renegotiate mining contracts signed by previous governments, the head of the review body told Reuters.
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*Guinea picks law firms as advisers in contract review. CONAKRY, March 27- Guinea has chosen global law firm DLA Piper and three other advisers to help review and, if need be, renegotiate mining contracts signed by previous governments, the head of the review body told Reuters.
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*Guinea picks law firms as advisers in contract review. CONAKRY, March 27- Guinea has selected four legal advisers including DLA Piper to help it review and, if necessary, renegotiate mining contracts signed by previous governments, the head of the review body told Reuters.
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HONG KONG, March 27- A partner from Ernst& Young testified in the Hong Kong High Court on Wednesday, the first senior executive from one of the Big Four auditors to be cross-examined in what is turning into a global brawl pitting U.S. and Hong Kong regulators against their Chinese counterparts.
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GLEN ALLEN, Va.-- Star Scientific Inc. said Tuesday that it plans to vigorously contest allegations in a lawsuit filed against the dietary supplements and cosmetics company. A lawsuit was filed in the U.S. District Court for the Eastern District of Virginia on behalf of people who bought Star Scientific shares between October 31, 2011 and March 18, 2013.
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MOSCOW, March 26- Russian businesses and banks that face losses from the European Union's bailout of Cyprus are considering legal action but may have a hard time making a case, say lawyers who are combing through treaties find strategies to recover funds.
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NEW YORK-- A debt buyer and debt collection law firm based in Mississippi have agreed to pay nearly $800,000 to settle Federal Trade Commission charges they misled consumers into paying unnecessary fees and falsely threatened them with lawsuits.
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NEW YORK, March 21- Stanley Chesley, a renowned class action attorney, was disbarred on Thursday by the Kentucky Supreme Court, which found him guilty of ethical violations in connection with a $200 million settlement over the diet drug fen-phen.
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Citigroup had agreed in May 2005 to pay $208 million in fines and restitution to settle a related U.S. Securities and Exchange Commission civil fraud case. The SEC distributed more than $100 million to fund investors in 2010, but the investor lawsuit continued.
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NEW YORK, March 21- Legislation aimed at curbing class action abuses has made it more difficult to sue auditors in the United States, but legal claims against auditors are rising in other countries. More countries have been passing rules allowing class actions, which can make audit firms vulnerable to huge claims when accounting scandals erupt.
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NEW YORK, March 21- Class actions against the world's largest corporate auditing firms are spreading globally as governments bolster investor protection laws in countries where the Big Four firms have previously not faced substantial legal risks.