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  • 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....

  • SAN JOSE, Calif.— E-commerce company eBay has sold its 28.4 percent stake in Craigslist back to the online classified advertising site, ending years of legal wrangling between the two companies. In 2010, a judge ruled that Craigslist founder Craig Newmark and CEO Jim Buckmaster violated their responsibilities to eBay with changes they implemented that...

  • 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...

  • State Street gets notice of possible SEC lawsuit Thursday, 18 Jun 2015 | 5:26 PM ET

    NEW YORK— Financial services firm State Street said it received notice that the Securities and Exchange Commission may accuse it of violating securities laws in its efforts to win business from public retirement plans. The company said Thursday the SEC's Division of Enforcement wants to sue the company, and the division has asked the SEC itself for...

  • 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...

  • San Francisco Superior Court Judge Harold Kahn issued the ruling a day before attorneys for plaintiff Ellen Pao and Kleiner Perkins Caufield& Byers are due in court. A jury in March found that Kleiner Perkins did not discriminate or retaliate against Pao. Kleiner Perkins is seeking more than $970,000 in legal costs from Pao, much of it for experts the company...

  • 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.

  • Caesars hit with $6B lawsuit tied to restructuring Wednesday, 17 Jun 2015 | 12:04 PM ET
    Caesars Entertainment Corp.'s Caesars Palace in Las Vegas.

    Caesars Entertainment was sued for $6.3 billion by noteholders, accusing the company of breaking the terms of the notes issued.

  • 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...

  • District Judge Gary Klausner said the plaintiffs could pursue claims that the Sony Corp unit was negligent and violated a California confidentiality law by spurning security measures to stop the theft of employees' salary and health data, Social Security numbers and other sensitive information. Without ruling on the merits, the Los Angeles judge on Monday...

  • 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 controversial 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 the actual noteholders, which...

  • District Judge Gary Klausner said the plaintiffs could pursue claims that the Sony Corp unit was negligent and violated a California confidentiality law by spurning security measures to stop the theft of employees' salary and health data, Social Security numbers and other sensitive information. Without ruling on the merits, the Los Angeles judge on Monday...

  • NEW YORK, June 16- JPMorgan Chase& Co officials including Chief Executive Officer Jamie Dimon do not have to face a shareholder lawsuit claiming they failed to properly investigate the "London Whale" trading scandal that caused $6.2 billion in losses, a federal appeals court ruled on Tuesday. The 2nd U.S. Circuit Court of Appeals in New York said a lower court judge...

  • WASHINGTON/ NEW YORK, June 15- A U.S. judge on Monday awarded no damages to American International Group Inc shareholders led by former CEO Maurice "Hank" Greenberg in their lawsuit against the U.S. government, despite finding that the U.S. While Judge Thomas Wheeler of the Federal Court of Claims in Washington, D.C. sided with Greenberg on a key legal claim, the...