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,...» Read More
New York attorney general Andrew Cuomo is preparing to file civil securities-fraud charges against UBS, possibly as early as this week, the Wall Street Journal said on Wednesday.
In a press release, BankAtlantic's Chairman, Alan B. Levan refers, in part, to yours truly, in saying, "In the wake of the highly publicized failure of IndyMac, breathless television reporters filled the airwaves with the repeated question on the minds of an anxious public...
Richard Bove, a prominent U.S. banking analyst, was sued Monday by BankAtlantic Bancorp, which accused him of defamation and negligence over a recently published research report, the bank said.
Samuel Israel III bilked his investors out of $250 million, but they are hoping to recoup some of their money from one of Wall Street’s deepest pockets: Goldman Sachs.
A jury decided Thursday that Barbie and the Bratz dolls are relatives, handing a major victory to Mattel in its copyright infringement lawsuit against rival MGA Entertainment.
Countrywide Home Loans has agreed to pay $325,000 to the Chapter 13 bankruptcy trustee in Pittsburgh, settling a matter that accused the lender of abusive practices in almost 300 mortgage loans overseen by the court.
Defendants and plaintiffs in two related copyright infringement lawsuits against YouTube have reached a deal to protect the privacy of millions of YouTube watchers during evidence discovery, a spokesman for Google said on Monday.
EBay scored a major court victory Monday when a federal judge ruled that Tiffany had failed to prove the online auctioneer was responsible for the sale of fake Tiffany jewelry on its site.
U.S. securities regulators are boosting efforts to stop the spread of false rumors that threaten financial institutions, after a week that saw steep slides in the shares of Fannie Mae, Freddie Mac and Lehman Brothers.
As employers hand out electronic devices to their employees at a greater pace, there are growing concerns that workers eligible for overtime pay, known as non-exempt employees, could begin suing their employers for overtime hours earned while tapping on their devices during after-work hours.
Anheuser-Busch sued InBev in an effort to stop its Belgian-Brazilian suitor from taking any more steps to replace the U.S. brewer's board of directors, which had rejected a $46.3 billion takeover offer from InBev.
A federal judge in Miami authorized the Internal Revenue Service to request information from UBS about U.S. taxpayers who may be using Swiss bank accounts to evade federal income taxes, the U.S. Justice Department said Tuesday.
Some Anheuser-Busch shareholders have filed lawsuits seeking to force the U.S. brewer to fairly consider the $46.3 billion takeover bid from InBev, according to court documents obtained by Reuters Tuesday.
The New York Supreme Court's Appellate Division Tuesday threw out a summary judgment decision that former New York Stock Exchange Chairman Richard Grasso must return a portion of his $187.5 million compensation package, and the New York attorney general's office says it will not appeal the decision.
Florida sued mortgage lender Countrywide Financial Monday for predatory lending practices, alleging the company at the center of the U.S. mortgage crisis made subprime loans to people who could not repay them.
The U.S. Justice Department said it asked a federal court in Miami for an order authorizing the Internal Revenue Service to request information from Zurich-based UBS about U.S. taxpayers who may be using Swiss bank accounts to evade federal income taxes.
A French court ordered eBay to pay 38.6 million euros ($61 million) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction website.
Richard "Dickie" Scruggs, who became one of the wealthiest civil lawsuit attorneys in the country by taking on tobacco, asbestos and insurance companies, was sentenced to five years in prison for conspiring to bribe a judge.
The Illinois attorney general's office plans to sue Countrywide Financial and Chief Executive Angelo Mozilo on Wednesday, claiming the troubled mortgage lender engaged in deceptive trade practices.
As Countrywide shareholders vote on whether to be acquired by Bank of America--on the same day the state of Illinois is suing the Countrywide and CEO Angelo Mozilo for fraud--research firm SNL Financial says a horrible year for banks and thrifts hasn't stopped them from paying their chief execs pretty well.