CNBC's Mary Thompson reports Bank of America, Citi Group, and JPMorgan Chase are among 16 big banks being sued by FDIC for manipulating the LIBOR benchmark interest rate.» Read More
General Motors is facing increasing pressure to compensate victims for an ignition defect that prompted the recall of 1.6 million vehicles.
NEW YORK, March 13- General Motors Co is facing increasing pressure to compensate victims for an ignition defect that prompted the recall of 1.6 million vehicles, even if some would-be plaintiffs are barred from suing the auto maker under the terms of its emergence from bankruptcy in 2009..
MADISON, Wis.-- A group of northern Wisconsin residents has filed a lawsuit alleging a company looking to dig a huge iron mine near Lake Superior needed a permit before it launched exploratory excavations last month.
Rachel Canning, who sued her parents for financial support has reunited with them, and the family wants privacy.
Mt.Gox, received U.S. bankruptcy protection on Monday to temporarily halt U.S. legal action against the Japanese company.
March 10- Target Corp has been sued by Swatch Group SA, which accused the second-largest U.S. discount retailer of illegally selling watches that copy its own. In a lawsuit made public on Monday in U.S. District Court in Manhattan, Swatch, which is known for its plastic namesake watches, accused Target of infringing its designs for "zebra" and "multi-color" watches.
Judge Harlin Hale in Dallas granted temporary bankruptcy protection to Mt. Gox, which had filed for bankruptcy protection in Japan in February. Gox said without bankruptcy protection the company would be irreparably harmed by a proposed class action in Chicago federal court and a breach of contract case in Seattle federal court.
Gox, once the world's largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company.
Bankruptcy in Dallas late Sunday, a move that will temporarily put U.S. legal action on hold against the Japanese company. The company said without U.S. bankruptcy protection it would spend substantial funds defending itself against a U.S. lawsuit seeking class action status that was filed in Chicago federal court.
WASHINGTON, March 10- The U.S. Supreme Court on Monday agreed to consider whether class action claims against underwriters of securities issued by a unit of the now-defunct IndyMac Bancorp Inc should be able to proceed.
March 9- A U.S. judge overseeing litigation accusing Goldman Sachs Group Inc, JPMorgan Chase& Co, their warehousing businesses and the London Metal Exchange of conspiring to reduce the supply and increase the price of aluminum will allow for now three groups of plaintiffs to pursue separate lawsuits.
NEW HAVEN, Conn., March 7- A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades made after the financial crisis. "Today's verdict shows plainly and powerfully that Wall Street professionals are not above the law," U.S. Attorney Deirdre Daly in Connecticut said in a statement.
Las Vegas gambler Mark Johnston is suing a casino after losing $500,000 for letting him play drunk, reports CNBC's Eamon Javers.
NEW YORK, March 7- A New York businessman must face criminal fraud charges for trying to claim a billion-dollar stake in social media company Facebook Inc, a federal judge ruled on Friday. Paul Ceglia, 40, is accused of forging a 2003 contract with Facebook CEO Mark Zuckerberg that supposedly entitled him to part ownership of the company.
NEW YORK, March 7- British financier Guy Hands has ended his long-running U.S. lawsuit accusing Citigroup Inc of defrauding him into buying music company EMI Group Ltd but plans to keep pursuing the case in England.
NEW YORK, March 7- British financier Guy Hands has ended his long-running U.S. lawsuit accusing Citigroup Inc of defrauding him into buying music company EMI Group Ltd, but he retained the right to pursue the case in England.
The U.S. Securities and Exchange Commission on Thursday filed a related civil lawsuit against Davis, DiCarmine, Sanders and two former Dewey finance officials, finance director Frank Canellas and former controller Thomas Mullikin.
PARIS, March 4- More than 400 people have signalled they would join a class action against Mt. Selachii has received over 400 expressions of interest in joining a class action, according to the law firm's co-founder Richard Howlett.
NEW YORK, March 4- An American lawyer used "corrupt means" to secure a multi-billion-dollar pollution judgment against Chevron Corp in Ecuador, a U.S. judge ruled on Tuesday, a major setback for Ecuadorean villagers hoping to collect on the award.
NEW YORK, March 4- An American lawyer used "corrupt means" to secure a multi-billion-dollar pollution judgment against Chevron Corp in Ecuador, a U.S. judge ruled on Tuesday, handing the oil company a major victory following a six-week trial last year.