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Lawsuits

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  • Ebay's Lawsuit is Hypocritical, Says Craigslist Friday, 2 May 2008 | 5:48 AM ET

    Popular online classified site Craigslist accused minority shareholder eBay Thursday of suing Craiglist over the same business practices used by eBay itself.

  • EEOC Closes SAC Capital Female Sex Hormone Case Wednesday, 30 Apr 2008 | 12:44 PM ET

    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.

  • NY Judge Reserves Clear Channel Judgment Friday, 25 Apr 2008 | 6:43 AM ET

    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.

  • US Regulators to Settle with Ex-Fannie Executives Thursday, 17 Apr 2008 | 10:23 PM ET

    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 Shares Leap on Nexium Settlement Deal Tuesday, 15 Apr 2008 | 5:50 AM ET

    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.

  • Hynix Shares Drop as US Jury Favors Rambus Wednesday, 26 Mar 2008 | 10:57 PM ET

    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.

  • Bear Stearns

    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.

  • Court Orders Starbucks to Pay Workers $106 Million Thursday, 20 Mar 2008 | 11:52 PM ET
    Starbucks

    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.

  • Attorney Weiss to Plead Guilty in Kickback Scheme Thursday, 20 Mar 2008 | 1:21 PM ET

    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.

  • Court Reverses Exxon Freeze on Venezuela Assets Tuesday, 18 Mar 2008 | 11:37 AM ET
    Venezuela, Venezuelan Flag

    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.

  • Former Qwest CEO Nacchio to Get New Trial Monday, 17 Mar 2008 | 1:49 PM ET
    Former chief executive of Qwest Communications, Joe Nacchio, center, his wife Anne, left, and son Michael, right, arrive at the federal courthouse in Denver Wednesday, April 11, 2007, where the jury is expected to begin deliberation in Nacchio's insider trading trial.  (AP Photo/Ed Andrieski)

    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.

  • Skilling Attorneys: Feds Withheld Key Evidence Saturday, 15 Mar 2008 | 10:13 AM ET

    Attorneys for jailed former Enron CEO Jeffrey Skilling say the government illegally withheld key evidence that would have proven he is innocent.

  • Fidelity anti-money laundering unit probed? Friday, 14 Mar 2008 | 9:56 AM ET

    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.

  • Suit Filed to Free Cash Trapped in Investments Sunday, 9 Mar 2008 | 8:48 AM ET

    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.

  • American Apparel: Update On My Update Friday, 7 Mar 2008 | 2:55 PM ET

    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.

  • American Apparel's Dov Charney: An Update Thursday, 6 Mar 2008 | 10:04 AM ET

    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.

  • General Re, AIG Former Execs Convicted of Fraud Monday, 25 Feb 2008 | 3:53 PM ET

    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.

  • Justices Make It Harder to Sue Medical Device Makers Wednesday, 20 Feb 2008 | 11:19 AM ET

    The Supreme Court on Wednesday made it harder for consumers to sue manufacturers of federally approved medical devices.

  • Research In Motion, Motorola Duel in Lawsuits Tuesday, 19 Feb 2008 | 4:09 AM ET

    BlackBerry-maker Research In Motion and rival Motorola have sued each other over what they say are patent infringements for technology used in their mobile phones.

  • UnitedHealth, Insurer Shares Drop on N.Y. Lawsuit Wednesday, 13 Feb 2008 | 1:06 PM ET
    United Health Group

    The New York Attorney General's Office said it plans to file suit against Ingenix, its parent UnitedHealth Group, and three additional subsidiaries, as part of an investigation into a "scheme by health insurers to defraud consumers by manipulating reimbursement rates."