Under the proposed settlement, Basic Research will pay a refund of $25 per box after being sued by law firms on behalf of consumers who purchased the product called Akavar beginning in 2007.. A Basic Research representative didn't respond to requests for comment. In 2007, a proposed class-action lawsuit was filed in U.S. District Court in Utah against Basic...» Read More
A power struggle at the top of Hong Kong's largest property firm intensified on Thursday after its chairman filed suit against his brothers to stop them firing him, according to the firm and court documents obtained by Reuters.
The White House said that President Bush would not veto a final bill from Congress that orders a halt to filling the Strategic Petroleum Reserve while oil prices are very high.
Federal prosecutors in New York have formed a task force together with other government agencies to examine the collapse of the market for risky home loans, a spokesman for the U.S. Attorney's Office in Brooklyn said Monday.
Popular online classified site Craigslist accused minority shareholder eBay Thursday of suing Craiglist over the same business practices used by eBay itself.
The Federal Equal Employment Opportunity Commission has decided to close its investigation into charges made by a former junior trader at SAC Capital alleging that his supervisor had sexually assaulted him and forced him to take female hormones.
A New York state judge on Thursday made no immediate ruling on a group of banks' request to dismiss a lawsuit seeking to force them to fund the $20 billion leveraged buyout of Clear Channel Communications.
U.S. federal regulators will announce a settlement on Friday with former Fannie Mae executives over their alleged roles in a 2004 multibillion-dollar accounting scandal, a person familiar with the settlement said on Thursday.
AstraZeneca has settled U.S. patent litigation against India's Ranbaxy Laboratories over its top-selling drug, ulcer pill Nexium, securing future sales and sending its shares soaring.
Shares in Hynix Semiconductor fell early after a U.S. jury patent verdict that favored Rambus in a trial between the U.S. technology developer and chip manufacturers including Hynix.
Two U.S. pension funds have asked a Delaware court for an emergency order to stall JPMorgan Chase from moving forward with its takeover of Bear Stearns, a plaintiff's lawyer said on Tuesday.
A San Diego Superior Court Judge ordered coffee chain Starbucks to pay $87 million plus interest to workers who say that their tips unfairly had been shared with supervisors.
Prominent attorney Melvyn Weiss has agreed to plead guilty in a lucrative kickback scheme involving payments to plaintiffs in class-action lawsuits against some of the largest corporations in the nation.
A British judge has lifted a $12 billion freeze on Venezuelan assets awarded to U.S. oil major Exxon Mobil in a spat over a seized oil project.
A U.S. appeals court on Monday threw out all guilty verdicts against former Qwest Communications Chief Executive Joseph Nacchio, ordering a new trial in an insider trading case seen as a test of government attempts to squash corporate fraud.
Attorneys for jailed former Enron CEO Jeffrey Skilling say the government illegally withheld key evidence that would have proven he is innocent.
A federal grand jury and the Securities and Exchange Commission have been investigating the anti-money laundering practices of Fidelity Investments, according to a report in the Boston Business Journal.
Investors across the nation are finding themselves in Wall Street’s version of the Hotel California: they have checked into an investment they can never leave.
I blog all the time on various topics in retail. The three topics that have gotten readers fired up: Wal-Mart, late flower deliveries on Valentine's Day and American Apparel. Anyhow, while I've been much more focused on retail sales data and consumer health lately, I have been asked to stay on top of the American Apparel case.
I've received so many emails from readers who are interested in following up on how American Apparel is doing and asking for details of CEO Dov Charney's sex harassment trial. The last post on Retail Detail mentioned that Charney was headed to trial.
A federal jury has found five former insurance company executives guilty of a scheme to manipulate the financial statements of the world's largest insurance company.