NEW YORK, July 9- A federal judge on Wednesday rejected PricewaterhouseCoopers' request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 collapse of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.» Read More
Ex-Mayor Ray Nagin was sentenced to 10 years in prison for bribery, money laundering and other corruption that spanned his two terms as mayor.
John Wayne's heirs are suing Duke University over its objections to use of his nickname in alcoholic beverages, according to the Hollywood Reporter.
July 9- A federal judge has dismissed the City of Miami's mortgage discrimination lawsuit against Bank of America Corp, ruling the city lacked legal standing to sue for damages under the U.S. "Against the backdrop of a historic drop in home prices and a global recession," the city had not traced foreclosures to Bank of America's actions, the judge said.
July 9- Harbinger Capital Partners has sued Dish Network Corp and its chairman, Charles Ergen, for at least $1.5 billion, accusing them of trying to strip the hedge fund of its control of bankrupt wireless company LightSquared. The lawsuit, filed in a Colorado federal court on Tuesday, said Ergen had engaged in fraud and violated a federal anti-racketeering law.
July 9- A federal judge has dismissed a lawsuit brought by the City of Miami against Bank of America Corp for mortgage discrimination, ruling the city lacked legal standing to sue for damages under the U.S. In a ruling with implications for other banks facing similar lawsuits, U.S.
July 9- State Street Corp has reached a $60 million settlement of a shareholder lawsuit that accused it of overcharging clients for foreign exchange services, and falsely stating it invested only in "high quality" assets, according to a court filing.
July 8- A U.S. judge threw out a lawsuit against the Financial Industry Regulatory Authority by a former broker who alleged that disclosures on the regulator's public database violated his privacy rights.
Narcotics prosecutors say a NYC hospital's former pharmacy chief stole nearly 200,000 oxycodone pills over more than five years.
According to Dow Jones, Citigroup and the U.S. government are nearing a multi-billion-dollar deal to resolve mortgage securities issues, with CNBC's Dominic Chu and Kate Kelly.
Andrew Rector filed a $10 million defamation suit against the New York Yankees and ESPN after the network showed him sleeping during a game.
GM has resisted recalling certain pickups and SUVs, telling federal regulators that rusted brake lines are a routine maintenance issue.
Hewlett-Packard and attorneys representing shareholders agreed to settle litigation over the $11.1 billion acquisition of British company Autonomy.
There is growing pushback from Americans who argue the visa program has been hijacked by staffing companies that import cheaper, lower-level workers.
Kelly Parker was thrilled when she landed her dream job in 2012 providing tech support for Harley-Davidson's Tomahawk, Wisconsin, plants. Now she has joined a federal lawsuit alleging the global staffing firm that ran Harley-Davidson's tech support discriminated against American workers— in part by replacing them with temporary workers from South Asia.
The owners, Michael Ragno Sr. and Michael Ragno Jr., were cited last year by the U.S. Food and Drug Administration for producing vitamins tainted with anabolic steroids at their Mira Health Products Ltd. plant in Farmingdale. Newsday says the Justice Department filed a lawsuit against the company and the owners earlier this year.
Correction: No new developments in Citi/DOJ case an older story was repeated in error.
DENVER— A marijuana business in Colorado has filed a lawsuit against the Internal Revenue Service for assessing a penalty for paying taxes in cash. The IRS charges a 10 percent penalty on cash payments for federal employee withholding taxes. Medical marijuana dispensary Allgreens LLC of Denver is challenging the IRS practice of fining cash payments in U.S.
INDIANAPOLIS— Federal investigators are examining whether a military subcontractor underpaid scores of medical workers in Afghanistan, pocketing federal funds that the government intended the company use to pay its employees.
The FTC has sued T-Mobile for adding bogus fees to bills. The "Squawk Alley" crew and Michael Santoli, Yahoo! Finance senior columnist, discuss how this will impact T-Mobile.
NEW YORK— Lindsay Lohan is suing the makers of the "Grand Theft Auto" video games. Lohan's lawsuit was filed Wednesday in a Manhattan court. "Grand Theft Auto V" game maker Take-Two Interactive Software Inc. and subsidiary Rockstar Games declined to comment.