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  • 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

    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...

  • May 8- A U.S. judge on Friday dismissed a lawsuit filed by the city of Chicago in federal court against four drugmakers accused of promoting painkiller addiction through deceptive marketing, though the case will continue against Oxycontin maker Purdue Pharma LP. The companies dismissed from the lawsuit are Teva Pharmaceutical Industries Ltd, Johnson&...

  • NEW YORK/ CHICAGO, May 8- A federal judge has rejected a bid from a group of banks and credit unions suing Target Corp over its 2013 data breach to block the company's proposed $19 million settlement with MasterCard Inc. District Judge Paul Magnuson in St. Paul, Minnesota, wrote in a ruling Thursday that the deal does not appear "altogether fair or reasonable" but he...

  • May 8- Dov Charney, the ousted chief executive of American Apparel Inc, has filed a $30 million defamation lawsuit against a New York hedge fund that controls a large stake in the clothing company he founded, and which refused to support his return. American Apparel attributed the suspension to Charney's alleged misuse of company funds and failure to stop a...

  • May 7- New York's top state court on Thursday revived a bond insurer's $120 million lawsuit claiming Goldman Sachs Group Inc lied about a pool of securities backed by subprime mortgages during the period leading up the financial crisis. The New York Court of Appeals in a 5-2 decision said the suit by ACA Financial Guaranty Corp should move forward because the...

  • May 7- California's highest court has revived an antitrust class action accusing a drugmaker since acquired by Teva Pharmaceutical Industries Ltd of keeping a generic version of Bayer AG's antibiotic Cipro off the market in exchange for payment. The case, which began in 2000 in California state court, centers on a series of settlements in the late 1990 s under...

  • Top California court revives Cipro antitrust case Thursday, 7 May 2015 | 1:12 PM ET

    May 7- California's highest court has revived an antitrust class action accusing a drugmaker since acquired by Teva Pharmaceutical Industries Ltd of keeping a generic version of Bayer AG's antibiotic Cipro off the market in exchange for payment. The ruling marks the first time an appellate court has tackled so-called "pay for delay" deals since a landmark...

  • Lumber Liquidators to halt Chinese laminate sales Thursday, 7 May 2015 | 1:47 AM ET

    Home improvement retailer Lumber Liquidators is halting sales of all its Chinese laminate flooring effective immediately, in the face of lawsuits.

  • Al Jazeera America says replaces CEO Wednesday, 6 May 2015 | 7:02 PM ET

    May 6- Al Jazeera Media Network said on Wednesday it had replaced the chief executive of its U.S. network, Ehab Alshihabi, in a move that follows reports of several staff departures and a lawsuit claiming wrongful employment. Al Jazeera said in a statement that it had named Al Anstey, managing director of Al Jazeera English, as chief executive to replace Alshihabi.

  • May 5- The U.S. Securities and Exchange Commission on Tuesday sued three defendants it accused of running a fraud and Ponzi scheme in which they raised more than $62 million from investors eager to benefit from growth in the North Dakota oil industry. According to the SEC, North Dakota Developments LLC and its owners, Robert Gavin and Daniel Hogan, illegally...

  • Los Angeles sues Wells Fargo for unlawful conduct Tuesday, 5 May 2015 | 10:36 AM ET
    Wells Fargo

    The lawsuit alleges that employees misused customers' confidential information, according to the paper.