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  • SAO PAULO, July 1- A Braskem SA shareholder sued the Brazilian petrochemical producer on Wednesday, accusing it of involvement in a graft scandal that has engulfed key stakeholders Odebrecht and Petrobras and led to a selloff in Braskem's U.S.-traded stock. Plaintiff Douglas W. Peters is seeking class action status for the lawsuit, filed in a Manhattan federal...

  • SAO PAULO, July 1- A Braskem SA shareholder has sued the Brazilian petrochemical producer, accusing it of being involved in a graft scandal that has engulfed key stakeholders Odebrecht and Petrobras and led to a selloff in Braskem's U.S.-traded stock. Plaintiff Douglas W. Peters is seeking class action status for the lawsuit, filed in a Manhattan federal court...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday to stop Sweden's Electrolux AB, which owns the Frigidaire and Tappan brands, from buying General Electric Co's appliance business, the Justice Department said in a statement. "Electrolux's proposed acquisition of General Electric's appliance business would leave millions of Americans...

  • WASHINGTON, July 1- The United States filed a lawsuit on Wednesday aimed at stopping Electrolux AB from buying General Electric Co's appliance business, the Justice Department said in a statement.

  • NEW YORK, July 1- A U.S. judge has refused to dismiss Allied Irish Banks Plc's lawsuit accusing Citigroup Inc of helping rogue currency trader John Rusnak rack up a $691 million loss. District Judge Deborah Batts in Manhattan said government-controlled AIB may pursue a variety of fraud claims against Citigroup in its lawsuit seeking $500 million of...

  • WASHINGTON, June 30- An Oklahoma woman who was injured when an earthquake rocked her home in 2011 can sue oil companies for damages, the state's highest court ruled on Tuesday, opening the door to other potential lawsuits against the state's energy companies. Oklahoma, home to major energy companies including Chesapeake Energy Corp., Devon Energy Corp., and...

  • District Judge Ronnie Abrams in Manhattan dismissed Tilton's lawsuit against the SEC, saying the head of Patriarch Partners lacked power to stop the agency from pursuing its case against her and her private equity firm in its in-house court. The judge said Congress designated the SEC and then a federal appeals court as the "exclusive avenue of review" of an...

  • NEW YORK, June 30- The United States says Novartis AG should pay as much as $3.35 billion in damages and civil fines because the Swiss drugmaker used kickbacks to boost sales of two drugs covered by Medicare and Medicaid. In papers filed Monday night in Manhattan federal court, the government said it deserves that sum under the federal False Claims Act over...

  • Judge pulls the plug on GM lawsuit Tuesday, 30 Jun 2015 | 6:00 AM ET
    Judge pulls the plug on GM lawsuit

    A judge has dismissed a shareholder lawsuit seeking damages stemming from the recalls for defective ignition switches.

  • June 29- General Motors Co said a judge in Delaware has dismissed a lawsuit by shareholders who wished to recoup losses stemming from the recall of millions of vehicles with an ignition switch defect linked to several deaths. There are three other shareholder derivative actions, one in Wayne County, Michigan and two in Federal District Court for the Eastern...

  • Hanna Bouveng, 25, accused Benjamin Wey in an $850 million lawsuit of using his power as owner of New York Global Group to coerce her into four sexual encounters before firing her after discovering she had a boyfriend. Bouveng, who was raised in Vetlanda, Sweden, testified that soon after Wey hired her at New York Global Group, the CEO began a relentless quest to have...

  • WASHINGTON/ SAN FRANCISCO, June 29- Oracle Corp won a major legal victory on Monday in a closely watched copyright case involving the company's Java programming language as the U.S. Supreme Court declined to hear Google Inc's appeal. The decision upholds a ruling that allows Oracle to seek licensing fees for the use of some of the Java language.

  • Hulk Hogan wants to block media from sex tape Monday, 29 Jun 2015 | 6:16 AM ET
    Hulk Hogan

    Apparently, some holds are barred.

  • SEOUL, June 29- South Korea's Asiana Airlines Inc is facing a new class action suit from passengers on a plane that crashed in San Francisco in 2013 that seeks a combined $30 million in damages, a lawyer for the passengers said. Previous lawsuits, including compensation claims brought by 72 passengers that were later settled for an undisclosed amount, were...

  • Swedish woman's Wall Street dream led to $850M lawsuit Sunday, 28 Jun 2015 | 11:26 AM ET

    NEW YORK— She was a young woman from a tiny Swedish town who aspired to work on Wall Street. He was a married man from China who owned a Manhattan investment consulting firm. A jury is deciding the fate of a lawsuit in which 25- year-old Hanna Bouveng claims Benjamin Wey, chief executive officer of New York Global Group, degraded her sexually and then ruined her...

  • June 26- Sirius XM Holdings Inc on Friday said it agreed to pay five record companies $210 million to settle a lawsuit accusing the satellite radio company of broadcasting songs made before 1972 without permission and without paying royalties. The settlement resolves claims by Capitol Records LLC, Sony Music Entertainment, UMG Recordings Inc, Warner Music...

  • June 26- Sirius XM Holdings Inc on Friday said it agreed to pay five record companies $210 million to settle a lawsuit accusing the satellite radio company of broadcasting songs made before 1972 without permission and without paying royalties. In a regulatory filing, Sirius said the accord with Capitol Records LLC, Sony Music Entertainment, UMG Recordings Inc,...

  • Restraining order issued in fight over giant emerald Friday, 26 Jun 2015 | 9:17 AM ET
    "Bahia Emerald"

    The fight over ownership of a giant 752-pound emerald isn't over.

  • June 25- American Apparel Inc said its ousted Chief Executive Dov Charney filed two more lawsuits against the company alleging defamation, representation in false light and claims for securities fraud. Later, on June 24, he filed a lawsuit in the same court against American Apparel, a former CFO, Standard General L.P and other current and former directors...

  • NEW YORK, June 25- Brazil's state-run oil company, Petroleo Brasileiro Petrobras SA, urged a U.S. judge on Thursday to throw out an investors' class action lawsuit claiming a multibillion-dollar bribery scandal overvalued it for years. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper said the company itself was a victim of the...