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A group of retailers, including Macy's and Target, are suing Visa and MasterCard over fees, breaking off from a proposed $7.2 billion settlement reached last year.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp has agreed to pay $1.6 billion in cash to MBIA Inc and will receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation, the companies said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday.
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*MBIA shares close up 45 pct, Bank of America up 5.2 pct. May 6- Bank of America Corp will pay $1.6 billion in cash to MBIA Inc and receive the right to buy a 4.9 percent stake in the bond insurer to resolve long-running litigation between the companies, the bank said on Monday.
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NEW YORK, May 6- Aereo Inc, the online television venture backed by Barry Diller, asked a federal court on Monday to block CBS Corp from suing it in new markets where it plans to expand. The startup company brought the complaint in Manhattan federal court, seeking a ruling that it does not violate CBS's copyright.
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NEW YORK, May 6- Aereo Inc, the online television venture backed by Barry Diller, asked a federal court on Monday to block CBS Corp from suing it in new markets where it plans to expand. The startup company brought the complaint in Manhattan federal court, seeking a ruling that it does not violate CBS's copyright.
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New York's AG Eric Schneiderman is going after Wells Fargo and Bank of America for mortgage settlement violations, reports CNBC's Diana Olick.
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May 6- Bond insurer Assured Guaranty Ltd said UBS AG will pay it $358 million to settle a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities. Assured shares were up 3 percent at $21.47 in early trading on Monday on the New York Stock Exchange.
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New York attorney general Eric Schneiderman is bringing a lawsuit against two big banks, reports CNBC's Diana Olick
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May 3- The lawyer who has been defending controversial plaintiffs attorney Steven Donziger in a lawsuit by Chevron Corp, filed a motion on Friday to withdraw as counsel, citing Donziger's inability to pay his legal bills.
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May 6- Bond insurer Assured Guaranty Ltd said it reached a settlement with UBS AG in a lawsuit that accused the bank of falsely representing the quality of the loans underlying $1.49 billion of mortgage-backed securities. Assured has filed similar lawsuits against units of JPMorgan Chase& Co, Credit Suisse and Flagstar Bancorp Inc.
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BRUSSELS, May 6- The European Commission said it believed Motorola Mobility, a unit of Google, was abusing its market position by seeking and enforcing an injunction against Apple in Germany over patents essential to mobile phone standards.
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NEW YORK, May 6- Aereo Inc, the online television venture backed by Barry Diller, asked a federal court on Monday to block CBS Corp from suing it in new markets where it plans to expand. The startup company brought the complaint in Manhattan federal court, seeking a ruling that it does not violate CBS's copyright.
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NEW YORK, May 6- Aereo Inc, the online television venture backed by Barry Diller, asked a federal court on Monday to block CBS Corp from suing it in new markets where it plans to expand. The startup company brought the complaint in Manhattan federal court, seeking a ruling that it does not violate CBS's copyright.
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May 6- Bond insurer MBIA Inc and Bank of America Corp have reached a settlement in an ongoing legal dispute, and BofA will pay MBIA $1.6 billion, a source familiar with the matter said on Monday. Last week, a New York state judge ruled MBIA could pursue a case against Bank of America over toxic mortgage-backed securities.
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May 6- Bond insurer MBIA Inc and Bank of America Corp have reached a settlement in an ongoing legal dispute, and BofA will pay MBIA $1.6 billion, a source familiar with the matter said on Monday. Last week, a New York state judge ruled MBIA could pursue a case against Bank of America over toxic mortgage-backed securities.
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May 6- Bond insurer MBIA Inc and Bank of America Corp have reached a settlement in their ongoing legal disputes, and BofA will pay MBIA $1.6 billion in cash, Dow Jones reported on Monday, citing sources. MBIA shares, which were temporarily halted, rose 42 percent in afternoon trading. Representatives of the two companies were not immediately available to comment.
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May 3- The lawyer who has been defending controversial plaintiffs attorney Steven Donzinger in a lawsuit by Chevron Corp, filed a motion on Friday to withdraw as counsel, citing Donzinger's inability to pay his legal bills.
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LOS ANGELES, May 3- Melvyn Weiss, who dominated the field of shareholder class-actions for three decades before pleading guilty to paying plaintiffs kickbacks, has avoided a return to jail after violating the terms of his supervised release from prison.
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LOS ANGELES, May 3- Melvyn Weiss, who dominated the field of shareholder class-actions for three decades before pleading guilty to paying plaintiffs kickbacks, has avoided a return to jail after violating the terms of his supervised release from prison.
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LOS ANGELES, May 3- Wynn Resorts Ltd said on Thursday its legal battle with Kazuo Okada has been put on hold for six months to allow U.S. prosecutors to pursue a criminal investigation into possible bribery by Okada and his companies in the Philippines.