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Lawsuits

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  • Bear Stearns and several members of its senior management repeatedly misled investors in  two sub-prime hedge funds to keep them from withdrawing money even as the funds were losing much of their value, according to an arbitration claim obtained exclusively by CNBC.

  • New York State Sues Exxon over Brooklyn Spill Tuesday, 17 Jul 2007 | 4:01 PM ET
    Andrew Cuomo

    New York State Attorney General Andrew Cuomo filed a lawsuit against ExxonMobil to force the cleanup of a decades-old oil spill in New York City.

  • EU Court to Rule on Microsoft on September 17 Tuesday, 17 Jul 2007 | 7:58 AM ET

    A European court confirmed on Tuesday that it will rule on Sept. 17 on whether software giant Microsoft broke European Union antitrust regulations.

  • A federal judge dismissed charges Monday against 13 former KPMG employees in what the government had described as the largest criminal tax case in U.S. history, saying the prosecutors prevented them from presenting their defenses.

  • UBS to Pay $23.3 Million in New York Settlement Monday, 16 Jul 2007 | 2:32 PM ET

    UBS agreed to pay $23.3 million to resolve accusations the Swiss bank and brokerage steered thousands of inappropriate customers into fee-based accounts, the New York Attorney General's office said on Monday.

  • An amorous entrepreneur who created a "virtual bed" featured in Second Life, a Web site in which users can build their own Internet lives, is suing an unknown user for allegedly "stealing" the bed for his or her own virtual sexual fantasies. The lawsuit for copyright infringement is "inappropriate and unfair," said Andrew Langsam, an intellectual property lawyer at Pryor Cashman. He joined "Power Lunch" to talk about the nature of cyber-play.

  • U.S. billionaire Ronald Perelman has gone to Florida's highest state court to overturn an appeals court ruling that stripped him of a $1.58 billion jury award against Morgan Stanley.

  • Court Rejects Moncrief Suit Against BASF Thursday, 5 Jul 2007 | 6:59 AM ET

    A German court on Thursday rejected a lawsuit by Moncrief Oil International that sought to void a joint venture between BASF and Gazprom to develop a Siberian gas field.

  • SAP Admits Inappropriate Downloads in Oracle Case Tuesday, 3 Jul 2007 | 4:31 AM ET
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    SAP's chief executive admitted "inappropriate downloads" of documents from archrival Oracle by SAP's TomorrowNow unit but said on Tuesday SAP itself had not had access to that material.

  • Judge Won't Cut New Parmalat From Suit Tuesday, 3 Jul 2007 | 2:01 AM ET

    Parmalat can be sued by shareholders in a suit involving its predecessor company, Parmalat Finanziaria's collapse into bankruptcy in 2003, a judge ruled.

  • PartyGaming Confident About Full-Year Prospects Monday, 2 Jul 2007 | 12:11 PM ET

    Online gaming company PartyGaming said it was confident about prospects for 2007 after the second-quarter financial performance met its expectations, sending its shares higher on Monday.

  • SAP to Respond to Oracle Lawsuit by Midnight Monday, 2 Jul 2007 | 7:22 AM ET

    Software maker SAP will respond to rival Oracle's lawsuit accusing it of intellectual property theft by midnight Pacific Daylight Time on Monday, it said in a statement.

  • YouTVpc and Peekvid Sued By Movie Studios Over Piracy Thursday, 28 Jun 2007 | 11:01 AM ET

    The Motion Picture Association of America filed suits late Tuesday on behlaf of Paramount Pictures and 20th Century Fox against YouTVpc.com and Peekvid.com. The Wall Street Journal broke the story Wednesday night. The sites don't actually provide copyright-violating material--which is their defence--but they do show users where to find that material, which is the studios' problem with the site.

  • Judge Defers to Feds on Google Complaint Tuesday, 26 Jun 2007 | 3:31 PM ET

    The judge overseeing Microsoft antitrust settlement said Tuesday she would not immediately address complaints Google has made about Microsoft's Windows Vista software.

  • Most of the time, it’s the story that makes the story. What do I mean by that? (I’m asked that question frighteningly often.) Simply put, when we decide to use a reporter to report a breaking story -- it’s the story itself that determines whether it will get on, and how interested people will be in it.  But if you watched Tyler Mathisen’s report on the infamous $54 million dry-cleaning lawsuit, you’d know that as good as that story was, Tyler’s presentation of it added even more. But don’t believe me. Watch the video -- and you be the judge!

  • 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.