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  • WASHINGTON, April 20- Chiquita Brands International Inc will not have to face U.S. lawsuits by more than 4,000 Colombians accusing the fruit company of human rights violations after the U.S. Supreme Court on Monday declined to take up the case. The court rejected an appeal filed by the plaintiffs, leaving intact a July 2014 ruling by the 11th U.S. Circuit Court of...

  • NEW YORK, April 20- A federal appeals court on Monday rejected the fugitive Paul Ceglia's effort to revive his civil lawsuit against Facebook Inc and founder Mark Zuckerberg seeking a big stake in the social media company, and to halt a separate criminal prosecution for fraud. The 2nd U.S. Circuit Court of Appeals in New York said Facebook and Zuckerberg had...

  • WASHINGTON, April 20- Chiquita Brands International Inc will not have to face U.S. lawsuits by more than 4,000 Colombians accusing the fruit company of human rights violations after the U.S. Supreme Court on Monday declined to take up the case. The court rejected an appeal filed by the plaintiffs, leaving intact a July 2014 ruling by the 11th U.S. Circuit Court of...

  • April 17- Pfizer Inc was cleared of liability on Friday in the first lawsuit to go to trial of more than 1,000 filed across the United States alleging that its antidepressant Zoloft can cause birth defects, a company spokeswoman said. Plaintiff Kristyn Pesante claimed that Pfizer failed to warn that using Zoloft during pregnancy could cause birth defects, and...

  • NEW YORK, April 17- PricewaterhouseCoopers agreed to pay $65 million in cash to settle a lawsuit claiming it fraudulently deceived MF Global Holdings Ltd investors about its auditing of the now-defunct brokerage, which was run by former New Jersey Governor Jon Corzine. The preliminary settlement with investors in MF Global's common stock, bonds and...

  • PwC to pay $65 mln to resolve lawsuit over MF Global Friday, 17 Apr 2015 | 3:17 PM ET

    NEW YORK, April 17- PricewaterhouseCoopers has agreed to pay $65 million to resolve a lawsuit claiming it deceived investors when it was auditing MF Global Holdings Ltd, the now-defunct brokerage once run by former New Jersey Governor Jon Corzine. The preliminary settlement was disclosed in papers filed on Friday with the U.S. District Court in Manhattan, and...

  • The lawsuit, filed in the U.S. District Court in the Central District of California, is seeking about $1 million in damages, attorney Keith Fink told Reuters. According to a company memo seen by Reuters, American Apparel Chief Executive Paula Schneider said no law required the company to give more notice than it had or to give any severance. The case is Carlos...

  • NEW YORK, April 16- A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a lawsuit accusing him of orchestrating an accounting fraud at the insurer he ran for nearly four decades. Greenberg and co-defendant Howard Smith, a former AIG chief financial officer, are accused of having...

  • Ex-AIG chief Greenberg's bid to toss N.Y. case rejected Thursday, 16 Apr 2015 | 12:20 PM ET

    NEW YORK, April 16- A New York state appeals court rejected former American International Group Inc Chairman Maurice "Hank" Greenberg's bid to dismiss a decade-old lawsuit accusing him of orchestrating an accounting fraud at the insurer. The defendants failed to show the lack of incentive compensation resulting from the sham transactions at AIG, the...

  • Bank of America settles currency-rigging lawsuit Thursday, 16 Apr 2015 | 12:00 PM ET

    NEW YORK, April 16- Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market. Bank of America is the third bank to settle investor claims related to the $5.3 trillion- a-day currency market. Scott& Scott said Bank of America's settlement will "mirror" the earlier...

  • April 16- Tata Consultancy Services Ltd has been sued by a white American information technology worker who accused India's largest software services exporter of overwhelming favoritism toward workers of South Asian descent in the United States. In a complaint filed on Tuesday in San Francisco federal court, Steven Heldt said 95 percent of Tata's 14,000-...

  • Ex-Daimler engineer files $2 million discrimination suit Thursday, 16 Apr 2015 | 10:37 AM ET

    PORTLAND, Ore.— A Clark County, Washington, man who worked for Daimler Trucks North America in Portland, Oregon, is suing the company for $2 million, claiming his supervisor repeatedly called him "bin Laden" and suggested he was a member of al-Qaida. The Oregonian newspaper reports that the lawsuit by Hussein Fouad, a 75- year-old, Egyptian-born engineer, is the latest...

  • April 15- A Texas- based Internet provider is requesting that a federal appeals court in New Orleans, not one in Washington, be the court that hears a challenge to new Web traffic regulations known as "net neutrality" rules. Alamo Broadband Inc filed a lawsuit on Wednesday in the 5th U.S. Circuit Court of Appeals in New Orleans asking it to review the regulations from...

  • Internet provider Alamo sues to block FCC rules Wednesday, 15 Apr 2015 | 7:22 PM ET
    Federal Communications Commission Chairman Tom Wheeler gestures at the FCC's net neutrality hearing in Washington on Feb. 26, 2015.

    The Texas-based Internet provider filed suit in New Orleans seeking to block the FCC's Web traffic regulations.

  • April 15- Texas- based Internet provider Alamo Broadband Inc filed a lawsuit on Wednesday asking the federal appeals court based in New Orleans to block new web traffic regulations from the Federal Communications Commission.

  • NEW YORK, April 15- General Motors Co will not have to face dozens of lawsuits accusing it of concealing an ignition-switch defect that has been blamed for more than 200 deaths and serious injuries, a U.S. bankruptcy judge ruled on Wednesday. Bankruptcy Judge Robert Gerber means GM may avoid potentially billions of dollars in liability, as well as the cost of...

  • NEW YORK, April 15- Ernst& Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday. While the $10 million was much smaller than what the attorney general's office had sought, Ernst&...

  • NEW YORK, April 15- Ernst& Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday. While the $10 million was much smaller than what the attorney general's office had sought, Ernst&...

  • NEW YORK, April 15- Ernst& Young LLP is near settling a high-profile lawsuit filed by New York state that accused the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, people familiar with the matter told Reuters. A spokeswoman for Ernst& Young declined to comment, as did a spokesman for New York...

  • Bank of America reports quarterly profit Wednesday, 15 Apr 2015 | 7:13 AM ET

    April 15- Bank of America Corp, the No. 2 U.S. bank by assets, reported a first-quarter profit of $2.98 billion, compared with a surprise loss a year earlier when it took a charge of $6 billion for litigation expenses. BofA reported net income attributable to common shareholders of 27 cents per share for the quarter ended March 31, compared with a loss of 5 cents per...