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  • 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...

  • 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 over its multibillion-dollar bribery scandal. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper blamed the fraud on a handful of individuals and said the company could...

  • However, Delaware lawyers feared fee-shifting would effectively wipe out shareholder litigation and the ability to police corporate boards. To placate big business, the new law allows companies to adopt rules that require investors to sue in Delaware, a tactic known as forum selection. Supporters argue that corralling lawsuits in Delaware allows the...

  • JERSEY CITY, N.J.— A nonprofit organization that claimed it could turn gay men straight violated New Jersey's Consumer Fraud Act, a jury concluded Thursday in a civil trial that an attorney for the plaintiffs called "a momentous event" for LGBT rights. The jury said that Jews Offering New Alternatives for Healing, co-founder Arthur Goldberg and counselor Alan...

  • June 24- Two large New York law firms failed to persuade a federal judge to throw out a malpractice lawsuit seeking to force them to pay creditors of imprisoned swindler Allen Stanford for aiding the Texas financier's $7.2 billion Ponzi scheme. Stanford, 65, is serving a 110- year prison term following his March 2012 conviction for scheming to sell fraudulent...

  • June 24- Two large New York law firms failed to persuade a federal judge to throw out a malpractice lawsuit seeking to force them to pay creditors of imprisoned swindler Allen Stanford for aiding the Texas financier's $7.2 billion Ponzi scheme. Stanford, 65, is serving a 110- year prison term following his March 2012 conviction for scheming to sell fraudulent...

  • WASHINGTON, June 23- Sysco Corp's $3.5 billion merger with US Foods should be stopped for further review, a U.S. federal judge ruled on Tuesday, handing a major victory to the U.S. government, which had filed an antitrust lawsuit aimed at blocking the controversial merger. Sysco Chief Executive Officer Bill DeLaney said the company was "profoundly disappointed"...

  • Lawsuit that could impact Boeing Tuesday, 23 Jun 2015 | 1:00 PM ET
    Lawsuit that could impact Boeing

    CNBC's Phil LeBeau reports the lawsuit against Boeing that questions the air quality of the air craft.

  • Boeing lawsuit charges toxic cabin air Tuesday, 23 Jun 2015 | 8:25 AM ET
    Boeing lawsuit charges toxic cabin air

    CNBC's Phil LeBeau reports flight attendants are accusing Boeing of knowingly endangering airline passengers, but the airline manufacturer counters cabin air meets health and safety standards.

  • NEW YORK, June 19- The trustee seeking money for Bernard Madoff's victims on Friday said they will receive $140 million from a feeder fund that ignored "glaring" red flags that the swindler was running a Ponzi scheme. Plaza Investments International Ltd will make the payment to end a lawsuit brought by Irving Picard, the trustee liquidating the former Bernard L....

  • NEW YORK, June 19- News Corp has been ordered by a Manhattan federal judge to face a class action lawsuit accusing it of monopolizing the market for in-store promotions at some 52,500 retail stores across the United States. News Corp spokeswoman Laura Adams said the company, which is controlled by Rupert Murdoch, is reviewing Thursday's decision.

  • NEW YORK, June 18- A decade-old lawsuit in which New York accused former American International Group Inc Chief Executive Maurice "Hank" Greenberg of accounting fraud will head to the state's highest court for a second time, likely delaying for several months a trial that had been set for June 25. The appellate division, a mid-level New York state court, on Thursday...

  • NEW YORK, June 18- Cablevision Systems Corp has dropped a lawsuit against Verizon Communications Inc as it sought to combine the case, involving a television commercial that had targeted Verizon's FiOS, with another between the rival companies. The lawsuit in Manhattan had sought a court order declaring as truthful a Cablevision commercial claiming...

  • NEW YORK, June 18- Cablevision Systems Corp on Thursday dropped a lawsuit against Verizon Communications Inc that had asked a court to declare as truthful a television commercial claiming Verizon's FiOS service does not only use fiber optic cable. Cablevision voluntarily dismissed the lawsuit in Manhattan federal court without prejudice, meaning the...

  • NEW YORK, June 18- Ride-sharing company Lyft Inc will pay $300,000 to New York authorities to resolve claims that its entry into the Buffalo and Rochester markets was illegal, state Attorney General Eric Schneiderman said on Thursday. The agreement comes a year after Schneiderman's office and the state's insurance regulator filed a lawsuit seeking to stop...

  • Buyout firm TPG says former spokesman has dropped lawsuit Wednesday, 17 Jun 2015 | 3:14 PM ET

    June 17- TPG Capital LP said on Wednesday its former head of public affairs, who had accused it of violating securities regulations and defrauding investors out of millions of dollars, had agreed to drop his lawsuit against the buyout firm. In his lawsuit in April, Levine stated he had contacted the SEC about his concerns. An SEC spokeswoman declined to comment on...

  • FCC proposes $100M fine vs. AT&T Wednesday, 17 Jun 2015 | 12:06 PM ET
    FCC proposes $100M fine vs. AT&T

    AT&T accused of misleading unlimited data customers, reports CNBC's Eamon Javers.

  • UPDATE 1-Banks' forex lawsuit settlements near $2 bln-WSJ Wednesday, 17 Jun 2015 | 11:58 AM ET

    HSBC Holdings Plc, Barclays Plc, BNP Paribas SA and Goldman Sachs Group Inc have recently signed agreements to settle the case, the Journal reported, citing people familiar with the matter. HSBC has agreed to pay $285 million and Barclays $375 million, the Journal reported. Other defendants include Citigroup Inc, Credit Suisse Group AG, Deutsche Bank AG, Morgan...

  • Banks' forex lawsuit settlements near $2 bln-WSJ Wednesday, 17 Jun 2015 | 9:07 AM ET

    HSBC Holdings Plc, Barclays Plc, BNP Paribas SA and Goldman Sachs Group Inc have recently signed agreements to settle the case, the Journal reported, citing people familiar with the matter. HSBC has agreed to pay $285 million and Barclays $375 million, the Journal said. HSBC, Barclays, BNP Paribas and Goldman Sachs could not be immediately reached for comment.

  • June 16- Casino company Caesars Entertainment Corp was sued for more than $6 billion by a representative for noteholders who are the lone creditors backing its plan to overhaul $18 billion in debt. The lawsuit was brought by UMB Bank, which is the indenture trustee for several issuances of first-lien notes, and not by actual noteholders, which include the...