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  • NEW YORK, April 16- A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a lawsuit accusing him of orchestrating an accounting fraud at the insurer he ran for nearly four decades. Greenberg and co-defendant Howard Smith, a former AIG chief financial officer, are accused of having...

  • Ex-AIG chief Greenberg's bid to toss N.Y. case rejected Thursday, 16 Apr 2015 | 12:20 PM ET

    NEW YORK, April 16- A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud at the insurer. The defendants failed to show the lack of incentive compensation resulting from the sham transactions at AIG, the...

  • Bank of America settles currency-rigging lawsuit Thursday, 16 Apr 2015 | 12:00 PM ET

    NEW YORK, April 16- Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. Bank of America is the third bank to settle investor claims related to the $5.3 trillion- a-day currency market. Scott& Scott said Bank of America's settlement will "mirror" the earlier...

  • April 16- Tata Consultancy Services Ltd has been sued by a white American information technology worker who accused India's largest software services exporter of overwhelming favoritism toward workers of South Asian descent in the United States. In a complaint filed on Tuesday in San Francisco federal court, Steven Heldt said 95 percent of Tata's 14,000-...

  • Ex-Daimler engineer files $2 million discrimination suit Thursday, 16 Apr 2015 | 10:37 AM ET

    PORTLAND, Ore.— A Clark County, Washington, man who worked for Daimler Trucks North America in Portland, Oregon, is suing the company for $2 million, claiming his supervisor repeatedly called him "bin Laden" and suggested he was a member of al-Qaida. The Oregonian newspaper reports that the lawsuit by Hussein Fouad, a 75- year-old, Egyptian-born engineer, is the latest...

  • April 15- A Texas- based Internet provider is requesting that a federal appeals court in New Orleans, not one in Washington, be the court that hears a challenge to new Web traffic regulations known as "net neutrality" rules. Alamo Broadband Inc filed a lawsuit on Wednesday in the 5th U.S. Circuit Court of Appeals in New Orleans asking it to review the regulations from...

  • Internet provider Alamo sues to block FCC rules Wednesday, 15 Apr 2015 | 7:22 PM ET
    Federal Communications Commission Chairman Tom Wheeler gestures at the FCC's net neutrality hearing in Washington on Feb. 26, 2015.

    The Texas-based Internet provider filed suit in New Orleans seeking to block the FCC's Web traffic regulations.

  • April 15- Texas- based Internet provider Alamo Broadband Inc filed a lawsuit on Wednesday asking the federal appeals court based in New Orleans to block new web traffic regulations from the Federal Communications Commission.

  • NEW YORK, April 15- General Motors Co will not have to face dozens of lawsuits accusing it of concealing an ignition-switch defect that has been blamed for more than 200 deaths and serious injuries, a U.S. bankruptcy judge ruled on Wednesday. Bankruptcy Judge Robert Gerber means GM may avoid potentially billions of dollars in liability, as well as the cost of...

  • NEW YORK, April 15- Ernst& Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday. While the $10 million was much smaller than what the attorney general's office had sought, Ernst&...

  • NEW YORK, April 15- Ernst& Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday. While the $10 million was much smaller than what the attorney general's office had sought, Ernst&...

  • NEW YORK, April 15- Ernst& Young LLP is near settling a high-profile lawsuit filed by New York state that accused the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, people familiar with the matter told Reuters. A spokeswoman for Ernst& Young declined to comment, as did a spokesman for New York...

  • Bank of America reports quarterly profit Wednesday, 15 Apr 2015 | 7:13 AM ET

    April 15- Bank of America Corp, the No. 2 U.S. bank by assets, reported a first-quarter profit of $2.98 billion, compared with a surprise loss a year earlier when it took a charge of $6 billion for litigation expenses. BofA reported net income attributable to common shareholders of 27 cents per share for the quarter ended March 31, compared with a loss of 5 cents per...

  • EU takes on Google   Wednesday, 15 Apr 2015 | 7:02 AM ET
    EU takes on Google

    The EU is announcing an antitrust move against Google. Details on the charges, with CNBC's Andrew Ross Sorkin.

  • WASHINGTON— A former CEO and two former top executives at mortgage giant Freddie Mac have settled a government lawsuit. The Securities and Exchange Commission announced the settlement late Tuesday with former Freddie CEO Richard Syron; Patricia Cook, an executive vice president and chief business officer; and Donald Bisenius, a senior vice president.

  • April 14- HBO on Tuesday sought to turn the tables on the British sporting goods company suing it for libel over a report about child labor in India, telling a federal jury in Manhattan the claims against it were baseless. The trial, which opened Monday, follows years of litigation over the report on " Real Sports with Bryant Gumbel," which first aired in September 2008.

  • NEW YORK, April 14- Former Freddie Mac Chief Executive Officer Richard Syron and two other executives have agreed to settle a lawsuit by the U.S. Securities and Exchange Commission accusing them of misleading investors ahead of the 2008 financial crisis. Like other regulators, the SEC has been criticized for not holding enough top executives liable for...

  • The company runs 110 schools in 32 states and Canada for chefs, artists and other trades, including The Art Institutes, Argosy University, Brown Mackie College and South University. The company lost $684 million last year and could face penalties from the federal government based on the alleged recruiting violations as well as a class-action suit by investors...

  • *Chesapeake to receive $25 million and oil-gas leases. *AEP says McClendon had rights to Chesapeake data. The settlement could raise questions about whether EMG, which has invested more than $3 billion in ventures formed by McClendon since 2013, may be separating itself from McClendon, a successful oil and gas executive who co-founded Chesapeake in 1989. He...

  • Ex-Freddie Mac executives settle SEC fraud lawsuit Tuesday, 14 Apr 2015 | 1:30 PM ET

    NEW YORK, April 14- Former Freddie Mac Chief Executive Officer Richard Syron and two other one-time executives have reached a settlement in a lawsuit by the U.S. Securities and Exchange Commission accusing them of misleading investors about the company's exposure to risky mortgage loans. The settlement, disclosed in court papers filed in Manhattan federal...