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Lawsuits

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  • JUDGE OVERSEEING GOVERNMENT'S ANTITRUST LAWSUIT AGAINST AMERICAN EXPRESS CO ISSUES INJUNCTION AGAINST STEERING CUSTOMERS.

  • DOVER, Del.— A South Korean company accused of stealing trade secrets involving Kevlar technology has pleaded guilty to federal conspiracy charges and settled separate civil litigation filed by the DuPont Co., officials said Thursday. In resolving the legal battles, Kolon Industries Inc. was sentenced to pay $85 million in criminal fines and agreed to pay...

  • When $104M isn't enough...   Thursday, 30 Apr 2015 | 11:28 AM ET
    When $104M isn't enough...

    The man who blew the whistle on Americans hiding money in UBS Swiss bank accounts got more than $100 million for his efforts, reports CNBC's Eamon Javers.

  • MILAN, April 29- Italian oil services company Saipem said it would vigorously contest a 174.2 million euro lawsuit from a group of investors claiming the firm overstated profits. Deminor Recovery Services, representing 64 institutional investors, said on Wednesday it was seeking the damages to cover losses on share purchases caused by Saipem's alleged...

  • AT&T fires exec after suit alleging discrimination Wednesday, 29 Apr 2015 | 7:50 AM ET
    An AT&T store in New York.

    AT&T fired the president of its U-Verse business, after an African American female employee filed a racial discrimination lawsuit.

  • April 29- AT&T Inc fired the president of its U-Verse business, after an African American female employee filed a racial discrimination lawsuit. In her lawsuit against Aaron Slator, AT&T and its CEO, Knoyme King alleged she was racially harassed during her employment at the company, the National Association for African American Owned Media said on Monday.

  • April 29- Hardwood flooring retailer Lumber Liquidators Holdings Inc reported a 2 percent fall in net sales so far in April and said its chief financial officer would leave the company in June. Lumber Liquidators said it was aware of 103 pending class action cases against it since March 3 through April 27 related to its laminate flooring manufactured in China.

  • April 29- One of the lawsuits was filed by Sara Hensley, whose father was beheaded in Iraq by Islamic militants; another by Patrick Baker, who was shot in the head during the hijacking of an EgyptAir flight by the Abu Nidal Organization; the third came from Marvin Wilson, who was abducted by Kurdish separatists in Turkey. The three litigants and their co-plaintiffs...

  • TOKYO— Japan's largest drugmaker Takeda Pharmaceutical Co. said Wednesday it has agreed to pay up to $2.4 billion to thousands of patients and their families over its diabetes drug Actos which has been linked to cancer. The settlement will go into effect if 95 percent of the litigants agree to the deal, and the company would pay $2.37 billion.

  • LOS ANGELES— AT&T Inc. on Tuesday confirmed that it has fired Aaron Slator, a president who became the subject of a $100 million discrimination lawsuit for using his work phone to send racially offensive images. The suit, filed in Los Angeles Superior Court, names as defendants Slator, the company, CEO Randall Stephenson, other executives and board member Joyce...

  • April 28- A federal judge on Tuesday dismissed a lawsuit by Philip Falcone's Harbinger Capital Partners that accused satellite TV company Dish Network Corp and its chairman, Charles Ergen, of illegally trying to strip the hedge fund of control of the bankrupt wireless company LightSquared. District Judge William Martinez in Denver came after LightSquared...

  • April 28- A Colorado federal judge on Tuesday dismissed a lawsuit in which Harbinger Capital Partners accused Dish Network Corp and its chairman Charles Ergen of violating a federal racketeering law, and sought at least $1.5 billion of damages. District Judge William Martinez said the claims that Harbinger sought to pursue could have been brought in a...

  • Con Ed, NYC face new lawsuit over Harlem explosion Tuesday, 28 Apr 2015 | 3:57 PM ET
    Members of the Fire Department of New York pour water on the rubble as they respond to the building collapse in the East Harlem neighborhood of Manhattan March 12, 2014.

    Fifteen people have brought a lawsuit against Con Ed and NYC for their alleged carelessness that led to the 2014 Harlem fire.

  • NEW YORK, April 28- Consolidated Edison Inc and New York City have been hit with a new lawsuit alleging that their carelessness contributed to a 2014 gas explosion in Manhattan's East Harlem neighborhood that killed eight people and injured more than four dozen. The lawsuit filed Tuesday in state supreme court in Manhattan was brought on behalf of 15 people who...

  • Consumer group sues Cigna, alleges discrimination Tuesday, 28 Apr 2015 | 9:43 AM ET

    MIAMI— A consumer advocacy group has filed a class-action lawsuit against Cigna saying a new policy discriminates against people with HIV and AIDS and violates the federal health law by requiring them to get their medications from its mail-order pharmacy. Cigna had not responded to an e-mail seeking comment by Tuesday morning. The plaintiff is a Fort...

  • Bumble Bee charged in death of worker in tuna oven Tuesday, 28 Apr 2015 | 8:54 AM ET
    Bumblebees chunk light tuna can food.

    Bumble Bee Foods and two managers were charged by Los Angeles prosecutors Monday with violating safety regulations.

  • April 28- Medical device maker Boston Scientific Corp cut its full-year revenue and profit forecasts as it continues to bear the brunt of charges from a number of lawsuits. Boston Scientific said in February it would pay Johnson& Johnson $600 million to settle a long-running lawsuit over Boston Scientific's acquisition of rival Guidant in 2005..

  • Boston Scientific posts loss on litigation costs Tuesday, 28 Apr 2015 | 7:22 AM ET

    April 28- Medical device maker Boston Scientific Corp reported a quarterly net loss due to one-time charges, including litigation costs of $193 million. The company reported a net loss of $1 million for the first quarter ended March 31, compared with a profit of $133 million a year earlier. Excluding charges, the company earned 21 cents per share.

  • WILMINGTON, Delaware, April 28- Brazilian oil company Petrobras' $17 billion write-down, announced last week, may have been meant to close the accounting on a sprawling corruption scandal, but could instead provide fresh ammunition for a U.S. class action lawsuit. The case, filed in Manhattan federal court in December by a group of large investors, alleges $98...

  • NEW YORK, April 27- A lawsuit against fitness equipment maker Nautilus, Inc was revived on Monday, when a U.S. appeals court ruled that a heart rate monitoring patent the company is accused of infringing is valid. On Monday, the U.S. Court of Appeals for the Federal Circuit, the nation's top patent court, said the patent owned by Biosig Instruments, Inc was not too vague,...