Lawsuits
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There's a positive development in the Justice Department's case against Constellation Brands, reports CNBC's Kate Kelly.
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A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.
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Connecticut Attorney General George Jepsen is leading a coalition of attorneys general that brought state cases against the McGraw Hill Cos Inc unit in February. Those cases were announced the same day that the Justice Department said it was seeking $5 billion in its own civil lawsuit against S&P.
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April 1- A Manhattan federal judge on Monday signaled he will not rubber-stamp Citigroup Inc's proposed $590 million settlement of a shareholder lawsuit accusing it of hiding tens of billions of dollars of toxic mortgage assets.
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OWINGS MILLS, Md.-- Weight-loss company Medifast Inc. said Monday that a lawsuit over a 2010 restatement of its earnings has been dismissed. Judge George L. Russell III of the U.S. District Court for the District of Maryland found Thursday that Medifast's accounting errors were the result of the company's rapid growth and its change to a new accounting firm.
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The court said the Cincinnati- based 6th U.S. Circuit Court of Appeals decision endorsing a group lawsuit, known as class action certification, had to be reconsidered in light of the Supreme Court's 5-4 ruling last week in another consumer case involving Comcast Corp..
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April 1- In a major lawsuit testing the legitimacy of music downloads, Capitol Records LLC has won a court ruling that the start-up ReDigi Inc has infringed its music copyrights.
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April 1- In a major lawsuit testing the legitimacy of music downloads, Capitol Records LLC has won a court ruling that the start-up ReDigi Inc has infringed its music copyrights.
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April 1- American Airlines and online travel agency Orbitz Worldwide Inc, which have been locked in a years-long dispute over travel distribution costs and methods, on Monday said they have reached an agreement resolving the litigation between them.
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The court said the Cincinnati- based 6th U.S. Circuit Court of Appeals decision endorsing a group lawsuit, known as class action certification, had to be reconsidered in light of the Supreme Court's 5-4 ruling last week in another consumer case involving Comcast Corp.. The court said 2 million subscribers in the Philadelphia area could not sue Comcast as a group.
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Sullivan in his Thursday ruling sided with the SEC, finding the lawsuit's allegations supported a plausible inference that Syron and Patricia Cook, Freddie Mac's former chief business officer, misrepresented the company's subprime exposure.
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March 28- Pfizer Inc has failed to persuade a federal judge to dismiss a shareholder lawsuit accusing the company of fraudulently misrepresenting the safety of its Celebrex and Bextra pain-relieving drugs.
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NEW YORK, March 28- A judge on Thursday put off a decision on the U.S. Securities and Exchange Commission's proposed $602 million insider trading settlement with a unit of SAC Capital Advisors hedge fund, potentially delaying resolution of the litigation for months.
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LONDON, March 28- A group of shareholders in Royal Bank of Scotland has launched a multi-million pound lawsuit against the state-owned bank for misleading investors at the height of the credit crisis in 2008..
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NEW YORK, March 27- Citigroup Inc on Wednesday won the dismissal of a lawsuit by Woori Bank over losses from mortgage-related investments, the third such defeat in a U.S. court for a South Korean bank that had been put under state control following financial crises.
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March 27- Power Integrations Inc:. *Reports appeals decision in patent litigation with Fairchild Semiconductor. patent-infringement lawsuit against Fairchild Semiconductor.
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NEW YORK, March 27- A federal judge on Wednesday said JPMorgan Chase& Co must face a lawsuit by a pension plan that accused it of mismanaging its money by investing in Lehman Brothers Holdings Inc notes before that bank filed for bankruptcy in 2008..
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NEW YORK, March 27- Deutsche Bank AG lost a bid Wednesday to end a shareholder lawsuit accusing it of misrepresenting the risk of packaging home loans into complex financial products.
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NEW YORK, March 27- Deutsche Bank AG lost a bid Wednesday to end a shareholder lawsuit accusing it of misrepresenting the risk of packaging home loans into complex financial products.
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BRIEF-Fairchild Semiconductor reports favorable results in lawsuit appeal against Power Integrations
*Reports favorable results in lawsuit appeal against Power Integrations. *Federal appeals court vacated almost all of a $12.9 million damages award against the company. *Lawsuit was regarding long-running patent litigation against Power Integrations.
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*Comcast accused of overcharging cable TV subscribers. March 27- The U.S. Supreme Court on Wednesday ruled in favor of Comcast Corp in a case over how much it charged a group of cable TV subscribers, the latest blow against consumers hoping to pursue class action lawsuits.