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
Federal lawsuits were filed from both sides following Dow Chemical's decision last month to fire two top-ranking officials whom it accused of trying to secretly negotiate a leveraged buyout of the company.
Several journalists targeted by Hewlett-Packard in the company's hunt for the source of boardroom leaks are seeking damages for alleged invasion of privacy, their lawyers said onMonday.
Plaintiffs including England's Premier League sued Google's online-video sharing site YouTube on Friday for copyright infringement, marking the second big legal challenge to YouTube.
Business software maker Oracle on Monday asked a U.S. court to make SAP preserve evidence on its computers, saying it was concerned its German rival might destroy electronic information at the heart of a corporate theft lawsuit.
The Supreme Court sided with Microsoft in a case that restricts the reach of U.S. patents overseas. The decision could impact other lawsuits against Microsoft and save the company billions because of the global scope of its operations.
Internet phone company Vonage Holdings said a federal appeals court issued a permanent stay of a previous court's injunction that would have barred it from signing up new customers.
Banks have been saddled with costs to replace cards and cover fraudulent charges tied to the theft from TJX, the owner of nearly 2,500 discount stores including T.J. Maxx and Marshalls.
Morgan Stanley said it has settled a class-action lawsuit accusing it of gender bias against current and former women financial advisers and trainees, and has set aside $46 million to pay claims.
A Texas judge overseeing lawsuits against Merck over its withdrawn pain drug Vioxx dismissed a case, rejecting the plaintiff's claim that she was not properly informed of the health risks associated with the medicine, Merck said late on Friday.
U.S. authorities said they joined in a whistleblower case filed against Hewlett-Packard, Sun Microsystems and Accenture alleging that the companies violated federal false claims laws.
Microsoft said it agreed to pay up to $180 million to settle a class-action lawsuit, claiming the company has used its monopoly to overcharge citizens in the state of Iowa.
Lucky Friday the 13th: As I’ve often detailed, there are many moving parts to getting breaking news on the air. "Friday the 13th" is the last day one might think the stars would decide to align to our benefit, but they did. Beverage maker Cott had been the subject of speculation all day, focusing on a possible merger with Cadbury Schweppes. It was halted before the New York Stock Exchange open for “news pending,” which, of course, only served to fuel that speculation. ...
Nicole Deese, a securities attorney at Fowler, White & Boggs, told CNBC’s “Power Lunch” that allowing bond holders to sue investment banks that sold high-yield bonds backing sub-prime loans will “inhibit, if not entirely stifle, the flow of money from capital markets to the mortgage sector.”
Virgin Media said on Thursday it had filed proceedings in the High Court to resolve a dispute with rival BSkyB over the withdrawal of its basic channels from Virgin's TV service.
The Beatles' Apple Corps company has settled a royalties dispute with record label EMI, the two companies said Thursday, raising hopes that Beatles recordings may soon be legally available online.
Package delivery company FedEx said it agreed to settle a racial discrimination lawsuit against its express unit, FedEx Express, for $53.5 million.
France's Danone has sent notice to begin litigation against the founder of Wahaha, its partner in China, for what it called a breach of contract, Danone's Asia Pacific President Emmanuel Faber said on Wednesday.
In a 215-page decision, a three-member WTO compliance panel sided with the twin Caribbean island nation of Antigua and Barbuda, which has argued that Internet gambling is a lucrative source of revenue and provides an income for hundreds of islanders.
Beazer Homes USA said it has received a grand jury subpoena from the U.S. Attorney's Office, which is seeking documents relating to it mortgage origination business.
“It’s relatively small dollars today, but growing extremely rapidly – it’s one of the most rapidly growing businesses in our portfolio,” Dauman said Wednesday. “I expect us to be not a leader, but the leader in providing video content on the cell phone.”