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  • In a lawsuit filed on Tuesday in Manhattan federal court, Alan Meyers claimed that CEO Lorenzo Delpani accused him of raising "ghost" safety problems at recently acquired laboratories, resulting in slower production. Meyers said many of the safety issues he complained about stemmed from Revlon's $660 million acquisition of Spanish beauty care company...

  • Ambac sues Bank of America over Countrywide mortgage bonds Wednesday, 31 Dec 2014 | 11:37 AM ET

    NEW YORK, Dec 31- Ambac Assurance Corp sued Bank of America Corp to recoup hundreds of millions of dollars of losses from insuring roughly $1.68 billion of securities backed at least in part by risky mortgages from the bank's Countrywide Home Loans unit. Bank of America, the second-largest U.S. bank, bought Countrywide in July 2008. The lawsuit shows how Charlotte,...

  • Airline sues man for founding a cheap flights site Tuesday, 30 Dec 2014 | 5:57 PM ET
    A United Airlines plane at Chicago's O'Hare airport

    United Airlines and Orbitz are suing a man for founding a website that helps travelers book cheap flights, according to CNN Money.

  • Dec 30- A federal judge on Tuesday approved a revised settlement of a lawsuit challenging former Abercrombie& Fitch Co Chief Executive Michael Jeffries' pay, three months after rejecting a version that appeared to offer few benefits and release too many potential claims. District Judge James Graham in Columbus, Ohio said the revised terms "confer a substantial...

  • Dec 30- A federal appeals court said on Tuesday the pomegranate juice maker Pom Wonderful LLC may try to stop a rival from selling a pomegranate-flavored energy drink labeled "pm," in a reversal of a lower court ruling in the trademark lawsuit. The 9th U.S. Circuit Court of Appeals in Pasadena, California, said a lower court judge abused her discretion in January when...

  • Dec 30- A federal appeals court said on Tuesday the pomegranate juice maker Pom Wonderful LLC may try to stop a rival from selling a pomegranate-flavored energy drink labeled "pm," in a reversal of a lower court ruling in the trademark lawsuit. The 9th U.S. Circuit Court of Appeals in Pasadena, California, said a lower court judge abused her discretion in January when...

  • Court OKs Condé Nast $5.85M intern pay settlement Tuesday, 30 Dec 2014 | 7:53 AM ET
    A man checks in with the Conde Nast front desk at One World Trade Center in New York, Nov. 3, 2014.

    Condé Nast won preliminary approval to pay $5.85 million to settle a lawsuit by thousands of former interns who claimed the publisher underpaid them.

  • The 'Market' for lawsuits  Friday, 26 Dec 2014 | 4:37 PM ET

    Discussing which kinds of lawsuits are eligible for crowd-funding, with James Batson, Bentham IMF.

  • Credit Suisse denied mortgage lawsuit dismissal Friday, 26 Dec 2014 | 1:44 PM ET
    The national flag of Switzerland flies above the entrance to a Credit Suisse bank branch in Bern, Switzerland, May 20, 2014.

    A judge denied Credit Suisse's proposal to dismiss a lawsuit accusing the banking giant of fraud in selling mortgage-backed securities. USA Today reports.

  • Dec 26- Brazil's state-run oil company Petroleo Brasileiro SA and some of its executives were hit with a U.S. class action lawsuit by investors in $98 billion of the company's securities over an alleged kickback and bribery scheme. The latest case was filed on Dec. 24 in Manhattan's federal court by the Labaton Sucharow law firm on behalf of the city of Providence,...

  • NEW YORK, Dec 24- A U.S. judge has ordered Vivendi SA to pay nearly $50 million to resolve a shareholder lawsuit over a merger that occurred in 2000, but issued another order putting the money in escrow while the French media group appeals. On Wednesday, she issued a separate order that allows Vivendi to have the judgment's execution put on hold pending an appeal,...

  • WASHINGTON, Dec 24- The U.S. Commodity Futures Trading Commission said on Wednesday it had fined MF Global Holdings Ltd for wrongdoing during the collapse of the futures brokerage, but will continue its lawsuit against the firm's former chief, Jon Corzine. A federal judge in Manhattan approved a settlement in which the company will pay a $100 million fine and be...

  • Dec 24- Facebook Inc must face a class action lawsuit accusing it of violating its users' privacy by scanning the content of messages they send to other users for advertising purposes, a U.S. judge has ruled. District Judge Phyllis Hamilton in Oakland, California, on Tuesday dismissed some state-law claims against the social media company but largely denied...

  • NEW YORK, Dec 23- A U.S. appeals court on Tuesday threw out most of the claims in an investor lawsuit against Bank of New York Mellon Corp as trustee for subpar mortgage-backed securities involved in an $8.5 billion settlement by Bank of America Corp.. The 2nd U.S. Circuit Court of Appeals in New York said Bank of New York Mellon did not have to face claims stemming...

  • Dec 23- DuPont and Monsanto Co have agreed to dismiss patent infringement lawsuits against each other over some seed development technologies. Monsanto had alleged that DuPont infringed some of its seed chipping patents, while DuPont had claimed that Monsanto infringed some patents related to seed processing. DuPont shares were up 1.6 percent at $75.30 in...

  • WASHINGTON, Dec 23- The U.S. credit union regulator sued Wells Fargo& Co Tuesday, saying the bank failed to fulfill its duties as a trustee for certain residential mortgage-backed securities trusts that soured and brought down five credit unions. A Wells Fargo spokeswoman declined to comment on the lawsuit. Regulators said Wells Fargo, as trustee for those...

  • NEW YORK, Dec 23- Patent risk management company RPX Corp said on Tuesday it would buy patents owned by Apple Inc and other firms for $900 million, helping to further scale back lawsuits over smartphone technology. The deal puts an end to litigation started last year by Rockstar against several handset manufacturers whose phones operate on Google Inc's Android...

  • Sony left confidental data vulnerable: Lawyer Monday, 22 Dec 2014 | 1:01 PM ET
    A sign outside Sony Pictures Entertainment in Culver City, Calif., December 19, 2014.

    Sony Pictures Entertainment failed to protect employee information before a cyberattack, a lawyer for former Sony employees said.

  • Ex-employees sue Sony over hack  Monday, 22 Dec 2014 | 10:32 AM ET

    Attorney Matthew George, Girard Gibbs, discusses the basis for three class-action lawsuits filed by former Sony employees who claim the company failed to properly protect data.

  • SAN FRANCISCO, Dec 19- A U.S. judge on Friday rejected Hewlett-Packard Co's proposed settlement of shareholder litigation involving the information technology company's botched acquisition of Autonomy Plc. District Judge Charles Breyer in San Francisco wrote that the settlement may not have been fair for shareholders because it broadly released HP from...