Mt.Gox, received U.S. bankruptcy protection on Monday to temporarily halt U.S. legal action against the Japanese company.» Read More
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.
WASHINGTON, March 4- In a case eagerly watched by publicly traded companies regularly sued by investors, the U.S. Supreme Court will on Wednesday consider overruling a 26- year-old precedent that made it easier for plaintiffs to negotiate large class action settlements.
March 3- Osisko Mining Corp has settled a lawsuit it filed against Goldcorp Inc in reaction to Goldcorp's hostile takeover bid for the Canadian gold miner, a move that might lead to a negotiated deal or buy Osisko time to find a white knight.
The Supreme Court will hear an appeal filed by Omnicare in a securities case filed by investors.
March 3- Osisko Mining Corp said it agreed to settle its lawsuit against Goldcorp Inc and would allow Goldcorp to conduct due diligence related to the larger miner's hostile C $2.6 billion bid for Osisko.
WASHINGTON, March 3- The U.S. Supreme Court agreed on Monday to hear an appeal filed by Omnicare Inc., the leading U.S. provider of pharmacy services to the elderly, in a securities class action case filed by investors who say the company made untrue statements prior to a public offering. Omnicare paid just under $150 million to settle the whistleblower claims.
WASHINGTON, March 3- The U.S. Supreme Court agreed on Monday to hear an appeal filed by Omnicare Inc., the leading U.S. provider of pharmacy services to the elderly, in a securities class action case filed by investors who say the company made untrue statements prior to a public offering.
SAN FRANCISCO, Feb 28- A U.S. appeals court on Friday rejected Google's request to put on hold an order requiring the company to remove an anti-Islamic video from YouTube while litigation around the issue continued.
*Bitcoin exchange files for Ch. 11- type bankruptcy protection in Japan. *Investor lawsuit filed in Chicago seeking to recoup losses.