NEW HAVEN, Conn., March 7- A federal jury on Friday found former Jefferies Group Inc trader Jesse Litvak guilty of defrauding clients on mortgage bond trades made after the financial crisis. "Today's verdict shows plainly and powerfully that Wall Street professionals are not above the law," U.S. Attorney Deirdre Daly in Connecticut said in a statement.» Read More
Affiliated Computer Services said on Thursday it faced two class-action lawsuits over a buyout proposal from its founder, Darwin Deason, and investment fund Cerberus Capital Management, which they say undervalues the company.
A Florida state appellate court rejected a $1.58 billion verdict against Morgan Stanley, saying the bank did not get a fair shake in its trial defending against financier Ronald Perelman's 2003 breach-of-contract suit.
Former Reagan White House budget director David Stockman is expected to be indicted within days on charges of improper accounting and incomplete disclosures from when he was chairman and chief executive of auto parts maker Collins & Aikman, the Wall Street Journal reported.
Roehm, whom Wal-Mart accuses of a sexual affair with another marketing official, was fired from Wal-Mart on Dec. 4 after less than a year as head of marketing communications.
The decision bars Teva from launching a competitor drug in the U.S. until December 2015, Pfizer said.
A federal appeals panel in New Orleans said on Monday said a lower court judge improperly granted class-action status in a $40 billion lawsuit by Enron Corp. investors, a victory for the investment banks Merrill Lynch and Credit Suisse Group that sought to have the ruling overturned.
Nokia, the world's largest maker of mobile phones, said Monday that it filed complaints against wireless technology company Qualcomm in Germany and the Netherlands.
Japanese TV supplier byd:sign Corp. has filed a lawsuit against Hewlett-Packard at a Texas court, claiming H-P had obstructed byd:sign's flat TV sales in the United States, the Nikkei business daily said on Sunday.
French investment bank Calyon on Thursday sued subsidiaries of Japan's Mizuho Financial Group, alleging an "illicit scheme" led to the mass resignation of Calyon's Cash CDO personnel, court documents showed.
Sumner Redstone, the octogenarian of media, threw a vicious body blow to Google (GOOG) today when his company sued the internet search king for copyright infringement. Viacom (VIA) claims YouTube (which Google purchased last year) illegally posts clips of Viacom properties such as “The Daily Show.” Is the move the start of a massive legal drag for Google's stock, or is Redstone out of touch with today’s media landscape which celebrates the YouTube founders -- 50 years his junior?
Painkiller Vioxx contributed to an Idaho postal worker's heart attack, a jury in Atlantic City ruled Monday, reversing the verdict in the man's first trial and hitting drugmaker Merck with a total of $47.5 million in damages.
The eight-member jury assessed Vonage $58 million in past damages and ordered it to pay a 5.5% royalty rate on Vonage sales going forward.
The Supreme Court turned down an appeal Monday from former WorldCom chief Bernard Ebbers, who is serving a 25-year prison sentence for fraud and conspiracy.
A New Jersey jury found on Friday that Merck failed to provide adequate warnings about health risks tied to its withdrawn arthritis drug Vioxx in one case, but decided that it gave adequate warning in another in two suits tried simultaneously.
A U.S. federal judge dismissed Alcatel-Lucent's patent claim against Microsoft over technology that converts speech into text.
The Supreme Court said it has declined to consider an appeal by a carpet and floor-covering company that was sued by its employees for hiring illegal immigrants in an effort to depress wages.
Caremark attorney Robert Thornton presented a document that he said showed that Express Scripts considered killing the CVS deal to be a successful outcome even if its own offer was rejected.
Cisco Systems said late Thursday that it has given Apple nearly another week to respond to its trademark infringement lawsuit that threatens to halt Apple from using the "iPhone" name on its much-hyped new iPod-cellular phone device.
Digital Music Group is making a deal with YouTube to make some of its videos, including 'Gumby', 'I Spy', and 'My Favorite Martian', available on YouTube, and some of its music, to be used in videos uploaded to YouTube. And NBC is introducing Tiki Barber as a new contributor to the Today show and NBC's Sunday night footbal.
A court on Tuesday ruled in favor of Belgian newspapers that sued Google, claiming that the Web search Internet search leader infringed copyright laws and demanded it remove their stories.