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  • DOJ sues Quicken Loans over mortgage violations   Thursday, 23 Apr 2015 | 2:59 PM ET
    DOJ sues Quicken Loans over mortgage violations

    The Department of Justice has filed a lawsuit against Quicken Loans over approved loans that violated rules, reports CNBC's Eamon Javers.

  • NEW YORK, April 23- In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a class-action lawsuit involving its bungling of Facebook Inc's $16 billion initial public offering, the plaintiffs' lawyers said. "This is the first case that we are aware of where a class of investors has sued an exchange for market disruption,...

  • WASHINGTON, April 23- The United States has filed a lawsuit against Quicken Loans Inc over allegations that the company improperly originated and underwrote mortgages insured by the Federal Housing Administration, the Justice Department said on Thursday.

  • April 23- Yelp Inc has won the dismissal of a lawsuit that claimed it deceived shareholders by overstating the authenticity and quality of consumer reviews on its website, and thereby enabled insiders to sell company stock at inflated prices. District Judge Jon Tigar in San Francisco said reasonable investors would know that not all reviews posted on Yelp...

  • RALEIGH, N.C.— A federal judge ruled this week that boats could not navigate North Carolina's second-largest river system at the time of American independence, a decision that helps Alcoa Inc. as it tries to prove it owns the riverbed on which some valuable hydroelectric dams were built. Judge Terrence W. Boyle said late Wednesday that the 40- mile section of the...

  • April 23- Yelp Inc has won the dismissal of a lawsuit accusing it of deceiving shareholders about the quality and authenticity of consumer reviews on its website, and thereby enabling insiders to sell company stock at inflated prices.

  • Two shareholders sue American Apparel over CEO's ouster Thursday, 23 Apr 2015 | 5:59 AM ET

    Hubner and Ribner cited information they received from Charney and a former unnamed board member to allege American Apparel's Chief Financial Officer John Luttrell was behind the firing of the former CEO on charges of misconduct. The lawsuit names American Apparel and board members Allan Mayer, David Danziger, Robert Greene, Marvin Igelman and William...

  • April 23- A New York state judge dismissed a lawsuit filed by a former portfolio manager of Soros Fund Management against the company over alleged non-payment of his dues. Cowen was employed by Soros Fund Management from November 2010 through July 2011, according to the lawsuit. The case is Aaron Cowen v Soros Fund Management, New York State Supreme Court, No....

  • Banks seek to block Target's deal with MasterCard Wednesday, 22 Apr 2015 | 7:48 PM ET
    Target

    A group of small banks and credit unions suing Target over its data breach in 2013 are moving to block the retailer's settlement with MasterCard.

  • NEW YORK, April 22- A U.S. judge has invalidated two patents owned by Intellectual Ventures just weeks before its lawsuit against Japanese security software provider Trend Micro Inc over the same patents was set to go to trial. The ruling came after Trend Micro and Symantec asked Stark to analyze the patents, which relate to email and software security, to...

  • NEW YORK, April 22- A U.S. judge has invalidated two patents owned by Intellectual Ventures just weeks before its lawsuit against Japanese security software provider Trend Micro Inc, which centers on the patents, was set to go to trial. The ruling came as both Trend Micro and Symantec had asked Stark to analyze the patents, which relate to email and software...

  • Kim Kardashian, Kanye West video-leak lawsuit can proceed Wednesday, 22 Apr 2015 | 3:12 PM ET

    LOS ANGELES— Kim Kardashian and Kanye West's lawsuit against the co-founder of YouTube over leaked footage of their marriage proposal should move forward, a California appeals court ruled Wednesday. Kardashian and West have shown a likelihood they could win their case against Chad Hurley, who posted footage of the couple's elaborate marriage proposal two...

  • BERLIN— Germany's biggest bank, Deutsche Bank AG, says it expects to book litigation costs of about 1.5 billion euros in its first-quarter earnings report. Deutsche Bank said in a brief statement Wednesday that, despite the costs, it "will be profitable in the first quarter and will report near-record revenues." It didn't offer more details about the litigation...

  • April 22- Food distributor Sysco Corp said it had filed a memorandum opposing the U.S. Federal Trade Commission's efforts to block its proposed merger with smaller rival U.S. Foods Inc.. Sysco, the largest U.S. food distributor, unveiled its plan to buy US Foods, the second-largest, in December 2013. The U.S. government filed a lawsuit in February seeking to block...

  • MINNEAPOLIS— A federal judge on Wednesday heard arguments about whether Toyota Motor Corp. should be granted a new trial or should pay less than the $11 million awarded to plaintiffs in a lawsuit resulting from a fatal crash in Minnesota. A jury in February cited a design defect in determining that Toyota was 60 percent to blame for a 2006 crash that killed three...

  • Judge allows case against Stanford banks to go on Tuesday, 21 Apr 2015 | 6:58 PM ET
    Allen Stanford arrives at the Bob Casey Federal Courthouse in Houston on March 5, 2012.

    A judge has upheld most claims in a lawsuit against banks accused of playing a role in financier Allen Stanford's Ponzi scheme.

  • April 21- Healthcare real estate investment trust HCP Inc said the U.S. Department of Justice had filed a lawsuit against one of its clients over the company's billing practices. The lawsuit against HCR ManorCare Inc, which operates and manages healthcare facilities owned by HCP, alleges that the operator billed Medicare for services that were not "medically...

  • HCP says DoJ to sue client over billing practices Tuesday, 21 Apr 2015 | 1:09 PM ET

    April 21- Healthcare real estate investment trust HCP Inc said the U.S. Department of Justice filed a lawsuit against one of its clients over the company's billing practices. The lawsuit against HCR ManorCare Inc, which operates and manages healthcare facilities owned by HCP, alleges that the operator billed Medicare for services that were not medically...

  • April 20- Uber Technologies Inc must defend against a lawsuit accusing the popular ride-sharing service of discriminating against blind people by refusing to transport guide dogs, a federal judge ruled. Magistrate Judge Nathanael Cousins in San Jose, California, said the plaintiffs could pursue a claim that Uber is a "travel service" subject to potential...

  • Uber must face suit claiming it snubs blind people Monday, 20 Apr 2015 | 3:43 PM ET
    Uber app on a mobile phone

    Uber must defend against a lawsuit accusing it of discriminating against blind people by refusing to transport guide dogs.