Lawsuits
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A group of retailers, including Macy's and Target, are suing Visa and MasterCard over fees, breaking off from a proposed $7.2 billion settlement reached last year.
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A group of retailers, including Macy's and Target, are suing Visa and MasterCard over fees, breaking off from a proposed $7.2 billion settlement reached last year.
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*MBIA to have unsecured claims of $3.6 bln. May 23- Ally Financial Inc agreed to pay $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets. Creditors who objected to the original deal included ResCap's unsecured creditors, bond insurers such as MBIA Corp and Assured Guaranty Corp, and others.
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May 23- Ally Financial Inc agreed to contribute $2.1 billion to Residential Capital LLC to settle claims that it stripped the bankrupt mortgage subsidiary of choice assets, paving the way for ResCap to pay back its creditors.
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LOS ANGELES-- AEG Live LLC did not conduct any background checks or supervise the doctor who was later convicted of killing Michael Jackson, a corporate attorney testified Tuesday in a lawsuit claiming the concert promoter was negligent in hiring the physician.
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*Morgan Stanley declines comment; ING denies wrongdoing. The Birmingham, Alabama- based laboratory, a customer of Morgan Stanley, is seeking class-action status on behalf of participants in potentially thousands of retirement plans overseen by Morgan Stanley, and retirement plans for which ING provides services.
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Brian Shaw is expected to plead guilty for allegedly trading on inside information he received, reports CNBC's Jane Wells.
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*Dexia lawsuit returned to NY state court where it began. May 17- A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase& Co of misleading Belgian-French bank Dexia SA into buying more than $1.6 billion of troubled mortgage debt.
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*Dexia lawsuit returned to NY state court where it began. May 17- A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase& Co of misleading Belgian-French bank Dexia SA into buying more than $1.6 billion of troubled mortgage debt. Dexia and JPMorgan representatives did not immediately respond to requests for comment.
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May 16- Charles Schwab Corp has temporarily reversed its requirement that clients waive their right to bring class-action lawsuits, adding a new twist in a battle closely watched by the securities industry and plaintiffs' attorneys.
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SUNNYVALE, Calif.-- Yahoo Inc. said Thursday that a court in Mexico granted the company's appeal and reversed a ruling that could have cost it $2.75 billion. The court had decided against Yahoo and Yahoo Mexico last year in a breach of contract lawsuit filed by two Mexican companies, Worldwide Directories S.A. de C. V and Ideas Interactivas S.A. de C.V..
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NEW YORK-- Shares of Amyris Inc. fell Thursday after a law firm said it has filed a federal securities class action lawsuit against the company, saying Amyris misled investors about its production capabilities. THE SPARK: Milberg LLP said its lawsuit will include investors who bought Amyris securities between April 29, 2011 and Feb. 8, 2012.
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May 16- Computer Sciences Corp agreed to pay $97.5 million to settle a lawsuit accusing it of defrauding shareholders by hiding a variety of accounting problems.
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NEW YORK, May 15- A U.S. judge on Wednesday denied class-action status to copyright owners suing Google Inc over the use of material posted on YouTube without their permission.
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NEW YORK, May 15- A U.S. judge on Thursday denied class-action status to copyright owners suing Google Inc over the use of material posted on YouTube without their permission. District Judge Louis Stanton in Manhattan denied a motion to certify a class of copyright owners in a long-running lawsuit over videos and music posted to popular website.
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May 15- A federal judge has again ordered Wells Fargo& Co to pay $203 million to settle class action litigation accusing it of imposing excessive overdraft fees on checking account customers, reviving an award that had been thrown out last year.
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May 15- A federal judge has again ordered Wells Fargo& Co to pay $203 million to settle class action litigation accusing it of imposing excessive overdraft fees on checking account customers, reviving an award that had been thrown out last year. Wells Fargo spokeswoman Richele Messick said the San Francisco- based bank plans to appeal. "
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SOUTH BEND, Ind.-- Indiana convenience stores and gas stations seeking the right to sell cold beer to customers filed a federal lawsuit Tuesday aimed at lifting a ban on the practice. The lawsuit, filed in U.S. District Court in Indianapolis, contends Indiana is the only state that regulates the temperature of beer being sold.
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NEW YORK-- A New York state appeals court dismissed a lawsuit brought by insurer ACA Financial Guaranty Corp. against Goldman Sachs over an investment that went bad. ACA sued Goldman in January 2011, seeking $30 million in compensatory and $90 million in punitive damages in connection with a portfolio of securities called Abacus.
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Las Vegas Sands has lost its breach-of-contract lawsuit against Taiwan businessman Richard Suen, reports CNBC's Tyler Mathisen.
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Chet Kanojia, Aereo CEO, discusses his plans to expand into two new cities; and shares his thoughts about the legality of his company's platform which allows users to watch live television online.