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Lawsuits

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  • 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...

  • WASHINGTON, June 15- Dow Chemical Co and plaintiffs that won a $1.06 billion judgment against the company over claims it artificially inflated polyurethane prices indicated in a Supreme Court filing on Monday they were settling the case, although the filing was later withdrawn. Lawyers for both sides filed a joint motion with the court on Monday saying the...

  • NEW YORK, June 15- Plaintiffs suing General Motors Co over a series of safety-related recalls last year have accused it of working with a law firm and claims-management company to conceal an ignition-switch defect linked to 114 deaths. The allegations came in an amended complaint filed late Friday in Manhattan federal court, where more than 200 lawsuits have...

  • No damages in lawsuit over AIG bailout Monday, 15 Jun 2015 | 11:45 AM ET
    No damages in lawsuit over AIG bailout

    CNBC's Mary Thompson reports on the latest headlines regarding the American International Group lawsuit.

  • NEW YORK, June 12- Michael Kors Holdings Ltd agreed to pay $4.88 million and change its sales practices to settle a class action lawsuit claiming it used deceptive price tags at its outlet stores to fool shoppers into believing they were getting big bargains. Michael Kors was accused of creating an "illusion" of deep discounts by using tags containing made-up "...

  • BP penalty ruling could come very soon Friday, 12 Jun 2015 | 11:26 AM ET
    Fire boat response crews battle the blazing remnants of the off shore oil rig Deepwater Horizon in the Gulf of Mexico on April 21, 2010.

    U.S. District Judge could be close to fining energy company BP for 2010 Deepwater Horizon oil spill, the Times Picayune reported.

  • Strauss-Kahn acquitted in French pimping case Friday, 12 Jun 2015 | 6:53 AM ET
    Strauss-Kahn acquitted in French pimping case

    Today's acquittal of the former IMF chief closes four years of legal drama.

  • NEW YORK, June 11- A U.S. jury on Thursday said Pfizer Inc was not responsible for birth defects in a young girl whose mother took its antidepressant Zoloft while pregnant, the second straight win for the company out of hundreds of similar lawsuits. Plaintiff Rachel Robinson claimed in her 2011 lawsuit that Pfizer failed to warn that using Zoloft during pregnancy...

  • NEW YORK, June 11- A U.S. jury on Thursday said Pfizer Inc was not responsible for birth defects in a young girl whose mother took its antidepressant Zoloft while pregnant, the second straight win for the company out of hundreds of similar lawsuits. Following a week-and-a-half long trial in state court in Philadelphia, jurors on Thursday returned a verdict for the...

  • Jawbone files lawsuit against rival Fitbit...again Thursday, 11 Jun 2015 | 9:29 AM ET
    UP by Jawbone (L) and Fitbit (R).

    Fitness tracker maker Jawbone has filed its second lawsuit in two weeks against competitor Fitbit.

  • Zenefits CEO claims 'FUD' factor prompts ADP lawsuit Thursday, 11 Jun 2015 | 8:42 AM ET
     Zenefits CEO claims 'FUD' factor prompts ADP lawsuit

    ADP is scared, says Parker Conrad, Zenefits co-founder & CEO, discussing the defamation lawsuit ADP has filed against his company.

  • The legal war for your wrist continues Thursday, 11 Jun 2015 | 6:00 AM ET
    The legal war for your wrist continues

    Jawbone filed another lawsuit claiming that Fitbit infringed on its patents and seeking an injunction to stop Fitbit sales.

  • Tim Cook received complaints on Apple's bag check policy Wednesday, 10 Jun 2015 | 10:26 PM ET

    SAN FRANCISCO, June 10- At least two Apple Inc retail store workers complained directly to Chief Executive Tim Cook that the company's policy of checking retail employees' bags as a security precaution was embarrassing and demeaning, according to a court filing made public on Wednesday. The lawsuit, filed in U.S. District Court for the Northern District of...

  • NEW YORK, June 10- Warner Music Group Corp has agreed to pay hundreds of former interns more than $4.2 million to resolve a class-action lawsuit accusing the company of underpaying them. The settlement, disclosed in papers filed in Manhattan federal court on Tuesday, is the latest in a series struck by media and entertainment companies over claims they paid...