NEW YORK, Aug 29- A U.S. judge on Friday dismissed antitrust litigation accusing Wall Street banks and commodity merchants including Goldman Sachs Group Inc and Glencore Plc of conspiring to drive up aluminum prices by reducing supply.» Read More
In a setback for the trustee seeking money for the former customers of Bernard Madoff, an appeals court refused to void two settlements.
Republican politicians sued the SEC, seeking to throw out a rule that limits political donations by investment advisers.
The SEC in 2010 approved the rule, which prohibits investment advisers from making campaign contributions in the hope of being awarded lucrative contracts to manage public pension funds, a practice known as "pay to play". The SEC declined to comment on the lawsuit.
Pfizer is facing a mounting wave of lawsuits by women who allege that the company knew about possible serious side effects of its drug Lipitor.
NEW YORK,- A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.
NEW YORK, Aug 7- A Manhattan federal judge on Thursday said the U.S. Department of Justice may pursue most of its lawsuit accusing Novartis AG of civil fraud for allegedly using kickbacks to boost sales of drugs covered by Medicare and Medicaid.
An Indonesian man sold millions of dollars of fake French wine to the wealthy was sentenced to 10 years in jail in Manhattan federal court.
Aug 7- Three private equity firms have agreed to pay $325 million to settle a lawsuit accusing them of colluding with rivals to keep prices down on corporate takeovers prior to the financial crisis by agreeing not to outbid each other.
Aug 7- Blackstone Group LP, KKR& Co LP and TPG Capital LP have agreed to settle a U.S. lawsuit accusing them of conspiring not to outbid each other and other buyout firms on takeovers of companies, a person familiar with the matter said.
A musician says he has a right to play his guitar in public areas—with an open case. The Christian Science Monitor reports.
SAN FRANCISCO, Aug 6- Yelp Inc and its executives were accused in a lawsuit of selling more than $81 million in stock while deceiving shareholders about the quality of consumer reviews on its website.
Aug 6- JPMorgan Chase& Co has won the dismissal of a lawsuit by the City of Los Angeles accusing the largest U.S. bank of steering minority borrowers into mortgages they could not afford, even after similar cases against the next three largest banks were allowed to go forward.
Donald Trump has a message for the two Atlantic City casinos that bear his name, five years after he gave up running them: You're fired.
SEOUL/ SAN FRANCISCO, Aug 6- Samsung Electronics Co Ltd and Apple Inc said they had agreed to drop all patent litigation outside the United States, scaling down a protracted legal battle between the smartphone rivals.
SEOUL/ SAN FRANCISCO, Aug 6- Samsung Electronics Co Ltd and Apple Inc said on Wednesday they had agreed to drop all patent litigation outside the United States, scaling down a protracted legal battle between the smartphone rivals.
Aug 6- Investors have wasted no time making high-frequency trading, the subject of Michael Lewis' recent best-selling book "Flash Boys: A Wall Street Revolt," a focus of securities class-action litigation, according to a study released on Wednesday.
SEOUL, Aug 6- Samsung Electronics Co Ltd and Apple Inc agreed to scale down their international legal war and withdraw patent lawsuits outside the United States, a Samsung spokesman said on Wednesday.
SEOUL, Aug 6- Samsung Electronics Co Ltd and Apple Inc agreed to withdraw patent lawsuits outside the United States, a Samsung spokesman said on Wednesday. "This agreement does not involve any licensing arrangements, and the companies are continuing to pursue the existing cases in U.S. courts," Samsung said in a statement.
A lawsuit by Allergan says the unusual arrangement by Valeant Pharmaceuticals and activist investor Bill Ackman amounts to insider trading.
Aug 4- Hewlett-Packard Co said it would sue former Autonomy Chief Financial Officer Sushovan Hussain as he seeks to block HP's settlement of three shareholder lawsuits over its troubled purchase of the British software company.