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Lawsuits

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  • WASHINGTON, June 8- The U.S. Supreme Court on Monday agreed to take up Tyson Foods Inc's challenge to an almost $5.8 million judgment awarded against the company over worker pay at an Iowa meat processing facility. Tyson Foods workers at a pork facility in Iowa sued in 2007, claiming they were entitled to overtime pay and damages because they were not paid for the...

  • WASHINGTON, June 8- The U.S. Supreme Court on Monday agreed to take up Tyson Foods Inc's challenge to an almost $5.8 million judgment awarded against the company over worker pay at an Iowa meat processing facility.

  • NEW YORK, June 5- Barclays Plc on Friday settled a long-running lawsuit by the trustee liquidating Lehman Brothers Holdings Inc's brokerage unit, which arose from the bank's purchase of much of that unit at the height of the 2008 global financial crisis. The trustee James Giddens said the unit, Lehman Brothers Inc, will pay Barclays about $1.28 billion, largely...

  • June 5- Orexigen Therapeutics Inc and partner Takeda Pharmaceutical Co Ltd said they had filed a lawsuit against Actavis Plc to block a generic version of diet-pill Contrave. The lawsuit, filed at a Delaware district court, alleges that Actavis has infringed patents on Orexigen and Takeda's weight-loss treatment. Actavis and Teva Pharmaceutical Industries...

  • SEC sues over fake Avon bid Thursday, 4 Jun 2015 | 1:07 PM ET
    SEC sues over fake Avon bid

    The SEC has filed a lawsuit over an alleged fake offer to buy Avon, reports CNBC's Eamon Javers.

  • SEC suing after alleged fake Avon bids Thursday, 4 Jun 2015 | 11:48 AM ET
    SEC suing after alleged fake Avon bids

    The SEC is filing a lawsuit over the alleged fake offer to buy Avon Products, reports CNBC's Sue Herera.

  • NEW YORK, June 4- Arcadia Petroleum Ltd, its Parnon Energy unit and two traders have reached a $16.5 million settlement of a U.S. class-action lawsuit accusing them of illegally manipulating the price of crude oil in early 2008.. It resolves charges by other traders that the companies, Arcadia trader Nicholas Wildgoose and Parnon trader James Dyer violated...

  • Altria Group Inc, Reynolds American Inc and Lorillard Inc dismissed their case after the FDA on May 29 said it would review whether to mandate advance approval for label alterations such as changes to logos and background colors, or the use of descriptors such as "premium tobacco." In their April lawsuit filed in federal court in Washington, D.C., the companies said...

  • Tobacco companies drop lawsuit vs FDA over labeling Tuesday, 2 Jun 2015 | 1:27 PM ET

    In a filing with the federal court in Washington, D.C., units of Altria Group Inc, Reynolds American Inc and Lorillard Inc said they decided to dismiss their case after the FDA on May 29 said it would review a policy governing the labeling of tobacco products.

  • Ellen Pao to appeal result in discrimination suit Monday, 1 Jun 2015 | 8:39 PM ET
    Ellen Pao speaks to the media on March 27th, 2015.

    Ellen Pao will appeal the result of a gender discrimination suit she brought against Kleiner Perkins, the powerful Silicon Valley venture capital firm.

  • OTTAWA, June 1- Three tobacco companies said on Monday they would appeal a Canadian court ruling that awarded more than C $15 billion in damages to Quebec smokers in two related class action cases. Imperial Tobacco Canada, a subsidiary of British American Tobacco PLC, JTI-Macdonald Corp, part of Japan Tobacco Inc Group and Rothmans, Benson& Hedges Inc- a subsidiary...

  • Supreme Court rules for job cases Monday, 1 Jun 2015 | 10:42 AM ET
    Supreme Court rules for job cases

    CNBC's Hampton Pearson reports on two key rulings from the high court on job discrimination and free speech.

  • WASHINGTON, June 1- The U.S. Supreme Court on Monday ruled in favor of a Muslim woman who filed a lawsuit after she was denied a job at an Abercrombie& Fitch Co clothing store in Oklahoma because she wore a head scarf for religious reasons. On a 8-1 vote, the court handed a win to the U.S. Equal Employment Opportunity Commission, a federal agency that sued the company on...

  • WASHINGTON, June 1- The U.S. Supreme Court on Monday ruled in favor of a Muslim woman who filed a lawsuit after she was denied a job at an Abercrombie& Fitch Co clothing store in Oklahoma because she wore a head scarf for religious reasons. On a 8-1 vote, the court handed a win to the U.S. Equal Employment Opportunity Commission, a federal agency that sued the company on...

  • Tracy Morgan speaks out about tragic accident Monday, 1 Jun 2015 | 8:40 AM ET
    Tracy Morgan speaks out about tragic accident

    Actor Tracy Morgan speaks out on the tragic car accident that left him critically injured and his friend dead.

  • HARRISBURG, Pa., May 29- Chevron Corp. has paid a reported $5 million to settle a lawsuit filed last year by the parents of a worker who was burnt to death in a gas well fire in western Pennsylvania. Local media reported the $5 million settlement, saying it had been approved by a judge in Allegheny County Court of Common Pleas in Pittsburgh earlier this month.

  • NEW YORK, May 29- A federal judge has dismissed a class action lawsuit accusing Ocwen Financial Corp of fraudulently billing hundreds of thousands of homeowners for needless property inspections, saying the case amounts to no more than a breach of contract claim. It accused Ocwen of ignoring Fannie Mae guidelines that call for assessing individual...

  • WASHINGTON, May 29- The U.S. Federal Trade Commission filed a lawsuit on Friday aimed at stopping the $1.9 billion merger of medical technology provider Steris Corp and British sterilization services provider Synergy Health Plc, according to the agency, which enforces antitrust law. Synergy Health and Steris, both of which provide contract sterilization...

  • CNBC update: Mysterious oil globs in LA Thursday, 28 May 2015 | 11:30 AM ET
    CNBC update: Mysterious oil globs in LA

    Coast guard scientists are investigating mysterious balls of tar washing ashore in Los Angeles County, and Teva will pay a $1.2 billion settlement, reports CNBC's Sharon Epperson.

  • WASHINGTON, May 28- U.S. antitrust regulators have settled a long-running fight with Cephalon, now owned by Teva Pharmaceuticals, over how it resolved a patent infringement lawsuit tied to wakefulness drug Provigil, the Federal Trade Commission said on Thursday. As part of the settlement, Teva, which bought Cephalon in 2012, agreed to pay $1.2 billion to refund...