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  • Defrauded Fund Investors Sue Goldman Friday, 18 Jul 2008 | 11:40 AM ET
    Goldman Sachs

    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.

  • Barbie and Bratz Are Sisters, Court Rules Friday, 18 Jul 2008 | 5:36 AM ET
    mattel_barbies_2.jpg

    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 Settles Lending Suit in Pennsylvania Wednesday, 16 Jul 2008 | 4:04 AM ET
    countrywide_loan_office1.jpg

    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.

  • Google Reaches Privacy Deal in YouTube Lawsuit Tuesday, 15 Jul 2008 | 3:16 AM ET
    YouTube.Viacom.Google.jpg

    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 Scores Win Over Tiffany in Trademark Case Monday, 14 Jul 2008 | 12:49 PM ET
    ebay_HQ1.jpg

    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.

  • SEC Says Expanding Rumor Crackdown Monday, 14 Jul 2008 | 8:37 AM ET

    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.

  • Workplace BlackBerry Use May Spur Lawsuits Wednesday, 9 Jul 2008 | 11:10 AM ET
    A Blackberry devise is used

    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 Sues InBev Over Takeover Attempt Tuesday, 8 Jul 2008 | 5:46 PM ET
    Anheuser Busch

    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.

  • US Court OKs Summons on UBS Taxpayer Records Tuesday, 1 Jul 2008 | 6:36 PM ET

    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.

  • stella artois.jpg

    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.

  • Grasso Victorious in Pay Case; Cuomo Won't Appeal Tuesday, 1 Jul 2008 | 4:19 PM ET

    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 Sues Countrywide over Mortgages Tuesday, 1 Jul 2008 | 4:56 AM ET
    Foreclosure Sign

    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.

  • US Seeks Court Order for UBS Taxpayer Records Monday, 30 Jun 2008 | 6:18 PM ET

    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.

  • LVMH Wins Compensation from eBay for Fakes Monday, 30 Jun 2008 | 9:07 AM ET
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    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.

  • Anti-Tobacco Attorney Slapped with 5 Years in Prison Friday, 27 Jun 2008 | 5:15 PM ET

    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.

  • Countrywide's Legal Woes Deepen as California Sues Wednesday, 25 Jun 2008 | 12:14 PM ET
    CountryWide

    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.

  • Banks Tank, But Execs Get Paid More? Wednesday, 25 Jun 2008 | 11:44 AM ET
    countrywide_logo2.jpg

    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.

  • NY Top Court Backs Dropped Claims in Grasso Pay Case Wednesday, 25 Jun 2008 | 9:59 AM ET

    The New York Court of Appeals upheld Wednesday a lower court ruling in a lawsuit involving the compensation paid to former New York Stock Exchange CEO Richard Grasso.

  • Illinois to Sue Countrywide, CEO Mozilo Wednesday, 25 Jun 2008 | 4:29 AM ET
    CountryWide

    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.

  • Bear Stearns Managers Indicted Over Funds' Collapse Thursday, 19 Jun 2008 | 11:44 AM ET

    Two former Bear Stearns managers have surrendered to face criminal charges linked to the collapse of a hedge fund that bet heavily into subprime mortgages before the market collapsed, federal authorities said.