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  • NEW YORK, May 15- A U.S. appeals court on Friday agreed with Lululemon Athletica Inc that a lawsuit accusing the retailer of defrauding shareholders by failing to reveal defects that caused yoga pants to become see-through was properly dismissed. The 2nd U.S. Circuit Court of Appeals in Manhattan said shareholders led by the Louisiana Sheriffs' Pension& Relief...

  • Pandora vows to appeal BMI court ruling   Friday, 15 May 2015 | 9:00 AM ET
    Pandora vows to appeal BMI court ruling

    Pandora said it would appeal a court ruling that could force it to pay more in royalties.

  • WICHITA, Kan.— A federal judge on Thursday threw out a class-action lawsuit brought by investors against aircraft parts maker Spirit AeroSystems alleging that the company and four of its officers made misleading statements that artificially inflated its stock price. The shareholder lawsuit was filed after an October 2012 announcement that the Wichita-...

  • Ranbaxy filed "grossly inadequate" applications seeking approval for its drugs and deceived the FDA into granting approvals and giving the company market exclusivity, the class action lawsuit asserts. The FDA has banned import of drugs from all of Ranbaxy's India- based plants under a wider scrutiny of the country's $15 billion pharmaceutical industry,...

  • The SEC has been under mounting pressure from liberal groups, as well as a handful of law professors, to enact rules requiring companies to tell investors about campaign contributions. The lawsuit marks the latest effort to force the SEC into action. Last year, another group called the Corporate Reform Coalition held a news conference outside SEC headquarters...

  • WASHINGTON, May 13- The U.S. Air Force on Wednesday said it would re-evaluate bids received in a $1 billion long-range radar competition after a federal court dismissed a Raytheon Co lawsuit that sought to halt a fresh look at the bidders of its losing rivals Northrop Grumman Corp and Lockheed Martin Corp.. The companies on Tuesday said the U.S. Court of Federal...

  • AT&T, trade groups ask court to block FCC Internet rule Wednesday, 13 May 2015 | 1:36 PM ET

    WASHINGTON, May 13- AT&T Inc and telecommunications trade groups on Wednesday asked a federal appeals court to block U.S. Federal Communications Commission Internet traffic regulations while litigation continues. In a joint filing in the U.S. Court of Appeals for the District of Columbia Circuit, AT&T, the United States Telecom Association and others said a...

  • WASHINGTON, May 13- The U.S. Air Force on Wednesday said it would immediately reevaluate bids received in a long-range radar competition after a federal court dismissed a lawsuit filed by Raytheon Co that was aimed at staving off protests filed by losing bidders Northrop Grumman Corp and Lockheed Martin Corp.. "The court's ruling... frees us to continue moving...

  • May 13- Apparel retailer American Apparel Inc said former Chief Executive Dov Charney sued the company and its chairman Colleen Brown, alleging defamation and mental and emotional distress. American Apparel said on Wednesday it would "vigorously dispute" the claims. Charney also filed a $30 million defamation lawsuit last week against Standard General LP,...

  • WASHINGTON, May 12- A federal judge has dismissed a lawsuit filed by Raytheon Co, freeing the U.S. Air Force to re-evaluate bids it got for a new long-range radar won by Raytheon but challenged by rivals Lockheed Martin Corp and Northrop Grumman Corp, Lockheed said in a statement. The decision marks a setback for Raytheon, which hopes to hold on to a contract that...

  • Computer Science Corp sues former executive Tuesday, 12 May 2015 | 6:03 PM ET

    May 12- IT services provider Computer Science Corp on Monday sued the former chief executive of a company it bought in 2013 for breaching its code of business conduct. The lawsuit against Eric Pulier was regarding unauthorized payments he made to two executives of Commonwealth Bank of Australia, a CSC client, shortly after receiving tens of millions of dollars...

  • SEATTLE, May 12- A Seattle hospital has joined a lawsuit against the manufacturer of endoscopy medical scopes linked to a "superbug" outbreak at the medical center, claiming the company, Olympus America, put patients lives at risk by failing to disclose design flaws. Between 2012 and 2014, at least 32 patients at Virginia Mason Medical Center were infected with...

  • SEATTLE, May 12- A Seattle hospital has joined a lawsuit against the manufacturer of endoscopy medical scopes linked to a "superbug" outbreak at the medical center, claiming the company, Olympus America Inc., put patients lives at risk by failing to disclose design flaws. Between 2012 and 2014, at least 32 patients at Virginia Mason Medical Center were infected...

  • NEW YORK, May 12- Sprint Corp has agreed to provide as much as $50 million of consumer relief to resolve a U.S. government lawsuit accusing the mobile carrier of letting third parties tack unauthorized charges on to customers' bills, a practice known as cramming. The settlement was expected to be one of the announcements at a press conference later on Tuesday...

  • Lumber Liquidators’ new woe: Insurers are balking Monday, 11 May 2015 | 7:39 PM ET
    Lumber Liquidators

    Lumber Liquidators, already facing lawsuits and probes over some products, has another problem: its insurers are refusing coverage for the debacle.

  • NEW YORK, May 11- Facebook Inc may pursue a lawsuit against law firms that represented a New York man who recently turned fugitive rather than face federal charges that he tried to defraud founder Mark Zuckerberg out of half of the company, a judge ruled on Monday. New York Supreme Court Justice Eileen Rakower said Facebook and Zuckerberg could move forward with a...

  • NEW YORK, May 11- A U.S. judge on Monday ruled that Nomura Holdings Inc made false statements in selling mortgage-backed securities to Fannie Mae and Freddie Mac ahead of the 2008 financial crisis. District Judge Denise Cote in Manhattan ruled for the Federal Housing Finance Agency, the conservator for Fannie Mae and Freddie Mac, in a ruling that could allow the...

  • NEW YORK, May 11- A federal judge on Monday ruled that Nomura Holdings Inc misled Fannie Mae and Freddie Mac by making false statements about the quality of mortgages that backed securities it sold. District Judge Denise Cote in Manhattan ruled in favor of the Federal Housing Finance Agency, the conservator for Fannie Mae and Freddie Mac, following a non-jury...

  • NEW YORK, May 8- A U.S. federal jury cleared HBO of libel claims on Friday in a lawsuit brought against the Time Warner Inc subsidiary by a British sporting goods company over a report linking it to child labor in India. Mitre Sports International, a unit of Britain's Pentland Group, sued HBO for defamation in October 2008, after a report called "Children of Industry,"...

  • NEW YORK, May 8- A federal jury cleared HBO of libel claims on Friday in a lawsuit brought against the Time Warner Inc subsidiary by a British sporting goods company over a report linking it to child labor in India. Mitre Sports International, a unit of Britain's Pentland Group, sued HBO for defamation in October 2008, after a report called "Children of Industry" first...