• Dry Cleaner Wins $54 Million Suit Over Missing Pants Monday, 25 Jun 2007 | 2:34 PM ET
    Jin Nam Chung and Ki Chung stand inside of their dry cleaning business, Custom Cleaners, in Washington on Wednesday, May 2, 2007. The Chung's are being sued for 65 million dollars over a contentious pair of pants belonging to a local judge, and for using signs that the judge claims were deceptive. (AP Photo/Jacquelyn Martin)

    A Washington, D.C. judge ruled Monday in favor of a dry cleaner that was sued for $54 million over a missing pair of pants.

  • The Supreme Court on Thursday imposed a strict standard that investors must meet to keep alive their lawsuits alleging securities fraud.

  • The Supreme Court handed Wall Street underwriters a major victory Monday by ruling that an antitrust lawsuit against them over the pricing of initial public stock offerings (IPOs) cannot go forward.

  • Texas Firm Sues Nintendo Over Chip Patent Friday, 15 Jun 2007 | 12:41 AM ET

    A Texas company has sued Nintendo for alleged violations of a patent in making chips for use in its game consoles, Nintendo said on Friday.

  • Here’s the burning question of the day from the Hamptons, the tony beach towns on Long Island east of Wall Street: Who’s the hedge hog?  Hedge fund king James Chanos, of Kynikos Associates, and Marc Spilker, a managing director at Goldman Sachs, are squabbling about a common path to the beach, according to CNBC's Margaret Brennan.

  • A federal judge has ruled that some product-liability claims against Boston Scientific over implantable heart defibrillators can proceed, rejecting the medical device maker's motions to dismiss them.

  • A federal judge has ruled that some product liability claims against Boston Scientific over heart defibrillators can proceed, rejecting the medical device company's motions to dismiss them.

  • Two Setbacks, One Win for Wal-Mart in Wage Suits Wednesday, 13 Jun 2007 | 4:39 AM ET

    State appellate courts in Missouri and New Mexico on Tuesday upheld decisions to grant class-action status to lawsuits alleging Wal-Mart Stores deprived hourly workers of wages, requiring them to work "off the clock" before or after shifts.

  • Glaxo Faces U.S. Investor Lawsuit Over Avandia Tuesday, 12 Jun 2007 | 12:02 PM ET

    GlaxoSmithKline faces a U.S. investor lawsuit claiming that Europe's biggest drugmaker misled shareholders about the safety of diabetes drug Avandia.

  • The U.S. Supreme Court ruled that a class-action lawsuit against Philip Morris USA, a unit of Altria Group, should not be decided in federal court, handing a defeat to the tobacco company.

  • U.S. shareholder lawyers are pouncing on private equity buyouts of public companies, bringing a string of lawsuits claiming the deals are unfair to investors and sometimes only serve to enrich top executives.

  • A federal appeals court grapples Wednesday with a billion-dollar legal question: Are insurance companies obligated to cover water damage from the failure of levees in New Orleans following Hurricane Katrina?

  • Qwest's company headquarters in Denver, Colorado.

    Qwest's claim in television, online, and newspaper advertisements that its Internet service is as fast or faster than Comcast Corp. is being challenged in court by the cable and broadband provider.

  • Is Wal-Mart a Good Employer or Exploiting Workers? Friday, 1 Jun 2007 | 2:50 PM ET

    Judith Spanier, a plaintiff’s attorney and partner at Abbey, Spanier, Rodd & Abrams, told CNBC’s “Power Lunch” that Wal-Mart’s workers “have no voice except for litigation.” But Aliza Herzberg, a partner at Olshan, Grudman, Frome, said prospective workers routinely flood Wal-Mart with job applications when a new store opens, including 25,000 people who applied for 400 jobs in Evergreen, Ill.

  • A female staff attorney at General Electric sued her employer, claiming that it underpays and underpromotes its women employees.

  • New Jersey's Supreme Court certified a class-action lawsuit against Wal-Mart Stores by New Jersey employees who claim that the nation's largest retailer denied them meal and rest breaks, and forced them to work off-the-clock.

  • Ernst, Deutsche May Face Fines in Tax Shelter Case: WSJ Thursday, 31 May 2007 | 8:15 AM ET

    Ernst & Young and Deutsche Bank could face monetary sanctions rather than criminal charges in a U.S. tax shelter probe, The Wall Street Journal reported on Thursday, citing unnamed sources.

  • Federal Judge Orders Third Trial in Case Against Merck Thursday, 31 May 2007 | 3:52 AM ET

    A federal judge has ordered a third trial in a lawsuit by a woman who blamed Merck's painkiller Vioxx for the heart attack that killed her husband.

  • A fired Wal-Mart Stores marketing executive has accused the retailer's chief executive of violating its ethics policy by accepting discounts on yachts, diamonds and personal gifts from vendors and others eager to work with the company.

  • Best Buy Accused of Overcharging In-Store Shoppers Thursday, 24 May 2007 | 1:32 PM ET

    Connecticut's attorney general announced a lawsuit against Best Buy, accusing the nation's largest consumer electronics retailer of deceiving customers with in-store computer kiosks and overcharging them.