GO
Loading...

Lawsuits

More

  • Inquiry in SAC Sex Harassment Case Nearly Complete Friday, 7 Dec 2007 | 5:24 PM ET

    A federal  investigation into sexual harassment charges by a former trader at SAC Capital, a powerful Greenwich, Conn. hedge fund run by financier Steve Cohen, is in its final stages and should be completed in the next two or three weeks, CNBC has learned.

  • New York Funds Take Lead in Countrywide Lawsuits Friday, 30 Nov 2007 | 3:11 PM ET

    A federal judge has named two New York pension funds lead plaintiffs for five class-action lawsuits accusing Countrywide Financial, the largest US mortgage lender, of inflating earnings and overstating its ability to weather the housing slump.

  • Shareholders File Suit Against Virgin Mobile USA Wednesday, 28 Nov 2007 | 3:55 AM ET

    Shareholders who lost money after investing in Virgin Mobile USA's IPO and stock have filed a class action lawsuit against the mobile service provider, Kahn Gauthier Swick said on Wednesday.

  • Cisco Removes Latam VP Over Brazil Fraud Case Friday, 23 Nov 2007 | 4:33 AM ET

    U.S. network-equipment maker Cisco Systems said Thursday it suspended one of its Latin American executives due to criminal accusations against him regarding the company's ongoing tax evasion case in Brazil.

  • Saks Settles Vendor Lawsuits: Report Friday, 23 Nov 2007 | 3:57 AM ET

    Upscale retailer Saks confirmed that it has settled two lawsuits alleging it engaged in abusive practices against vendors, the Wall Street Journal reported on Friday in its online edition.

  • Wal-Mart Loses Bid to Seal Documents in Tax Dispute Friday, 23 Nov 2007 | 3:48 AM ET

    A North Carolina state judge rejected an attempt by Wal-Mart Stores to block public access to certain court documents in a tax dispute with state authorities, the Wall Street Journal reported Friday in its online edition.

  • Freddie Mac Sued Over Mortgage Problems Thursday, 22 Nov 2007 | 4:06 AM ET

    A shareholder sued Freddie Mac, its chief executive and others on Wednesday, alleging the No. 2 U.S. home funding company did not take adequate steps to protect itself from problems in the mortgage industry.

  • Qualcomm Wins a Round in Patent Battles with Nokia Thursday, 22 Nov 2007 | 3:45 AM ET

    Qualcomm won a round in its patent battles with wireless phone maker Nokia Wednesday as a U.S. trade court tossed out a lawsuit asking for Qualcomm's chips to be barred from the United States.

  • Cerberus Fights Back Against United Rentals Wednesday, 21 Nov 2007 | 7:04 PM ET

    Cerberus Capital Management, in its latest attempt to scuttle its $4 billion purchase of United Rentals, said it filed a request for declaratory judgment Wednesday in New York State Supreme Court.

  • United Rentals Sues Cerberus Over Broken Deal Tuesday, 20 Nov 2007 | 3:23 AM ET

    United Rentals said Monday it filed a lawsuit seeking to force Cerberus Capital Management to complete its $4 billion leveraged buyout of the equipment rental company.

  • Indonesia Telecoms Stocks Fall on Anti-Monopoly Ruling Tuesday, 20 Nov 2007 | 12:13 AM ET

    Shares of Indonesia's two biggest telephone stocks tumbled at the start of trade on Tuesday following a ruling by the country's anti-monopoly agency, and dragging down the Jakarta stock index

  • United Rentals Sues to Force Buyout by Cerberus Monday, 19 Nov 2007 | 2:40 PM ET

    United Rentals said Monday that it had filed a lawsuit seeking to compel Cerberus Capital Management to complete its $4 billion buyout of the equipment rental company.

  • Aer Lingus Files Lawsuit vs. Top Shareholder Ryanair Monday, 19 Nov 2007 | 10:15 AM ET

    Aer Lingus Group filed a lawsuit Monday in the European Union's second-highest court in hopes of forcing its main rival, budget airline Ryanair, to sell its shares in Aer Lingus.

  • Indonesia Set to Rule on Temasek Mobile Phone Probe Monday, 19 Nov 2007 | 12:19 AM ET

    Indonesia is set to rule on Monday on a probe into Temasek Holdings' business practices in the nation's mobile phone sector, which could see the Singapore state investment arm being fined or forced to reduce its holdings in the sector.

  • Kozlowski Conviction Upheld on Appeal Thursday, 15 Nov 2007 | 2:37 PM ET

    A New York appeals court has upheld the convictions of former Tyco International  senior executives Dennis Kozlowski and Mark Swartz, the court clerk's office said Thursday.

  • Court Rejects Federal SUV Fuel Standards Thursday, 15 Nov 2007 | 1:53 PM ET

    A U.S. federal appeals court Thursday threw out planned federal fuel economy standards for many sport-utility vehicles, minivans and pickup trucks.

  • Yahoo Settles Case Over Chinese Dissident E-Mails Tuesday, 13 Nov 2007 | 6:40 PM ET
    Yahoo

    Yahoo has settled a lawsuit alleging it aided China's prosecution of several dissidents, in a case that prompted criticism of the company for cooperating with an authoritarian government.

  • Google Sued over Patent by Northeastern University Sunday, 11 Nov 2007 | 4:26 PM ET

    Google faces a federal patent infringement lawsuit by Northeastern University over technology used in its core Web search system, according to legal papers filed last week.

  • The European Union's consumer chief dispelled industry fears on Saturday that she intends to introduce U.S.-style class action lawsuits across the bloc next year as part of her strategy to strengthen consumer rights.

  • Merck Settles Vioxx Claims for $4.85 Billion Friday, 9 Nov 2007 | 3:53 PM ET
    Merck Vioxx

    Merck has agreed to pay $4.85 billion to settle claims that its painkiller Vioxx caused heart attacks and strokes in thousands of users, the drugmaker said Friday.