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  • 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,...

  • ESPN sues Verizon over new cable plan Monday, 27 Apr 2015 | 11:33 AM ET
    The ESPNZone logo is displayed outside the facility at L.A. Live in Los Angeles, California.

    ESPN has sued Verizon for an alleged contract breach over a new cable plan in which consumers choose smaller channel bundles.

  • WASHINGTON, April 27- The U.S. Supreme Court on Monday agreed to consider whether online people-search service Spokeo Inc should face a class action lawsuit for including incorrect information in its database. Thomas Robins filed suit in California on behalf of himself and others under the federal Fair Credit Reporting Act, which requires consumer...

  • OSLO, April 27- A group of international investors is suing Norway in an attempt to overturn its decision to cut gas pipeline tariffs, arguing the fee reduction will cost them 15 billion crowns in lost earnings through 2028.. Challenging Norway's reputation as a predictable place to do business, investors including Allianz, UBS, the Abu Dhabi Investment...

  • NEW YORK, April 24- Barclays Plc failed to persuade a U.S. judge to dismiss a lawsuit accusing the British bank of defrauding shareholders about a private "dark pool" trading platform even as it was publicly pledging to clean up its corporate culture. The share price slid 7.4 percent last June 26 after New York Attorney General Eric Schneiderman accused Barclays...

  • NEW YORK, April 24- Barclays Plc failed to persuade a U.S. judge to dismiss a lawsuit accusing the British bank of defrauding shareholders about a private "dark pool" trading platform even as it was publicly pledging to clean up its corporate culture. The share price slid 7.4 percent last June 26 after New York Attorney General Eric Schneiderman accused Barclays...

  • Nasdaq to settle Facebook IPO lawsuit for $26.5M Friday, 24 Apr 2015 | 5:07 AM ET
    Shares of Facebook fell below the $38 offer price in the second trading day.

    In a first for a U.S. stock exchange, Nasdaq OMX Group on Thursday agreed to pay $26.5 million to settle a lawsuit involving its bungling of Facebook's IPO.

  • 6 outrageous celebrity lawsuits in 60 seconds   Thursday, 23 Apr 2015 | 4:00 PM ET
    6 outrageous celebrity lawsuits in 60 seconds

    Mila Kunis has been slapped with a $5,000 lawsuit for allegedly stealing a Ukrainian woman's pet chicken named 'Doggie.' Here are six crazy celebrity lawsuits from the past, many of which ended up getting dismissed or dropped.

  • 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.