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  • CHICAGO, May 21- A U.S. appeals court on Thursday reversed a $2.46 billion judgment against HSBC Holdings Plc in a long-running securities fraud class action stemming from a consumer finance business it bought more than a decade ago. The 7th U.S. Circuit Court of Appeals in Chicago said HSBC and three former Household International Inc executives were entitled...

  • May 21- Bank of New York Mellon Corp will pay $180 million to settle a foreign exchange-related putative class action lawsuit, the bank said in a regulatory filing on Thursday. BNY Mellon said the settlement will release the bank from all foreign exchange-related securities law claims brought against it or its affiliates in the suit. Federal and New York state...

  • PITTSBURGH— The cookies may be smiling, but the restaurants are not. A Pennsylvania chain says in a lawsuit that the smiley face cookies made by a Chicago- based baker are "confusingly similar" to its own trademarked treats. Homestead-based Eat'n Park seeks to block additional cookie sales by Chicago American Sweet& Snacks Inc..

  • NEW YORK, May 20- JetBlue Airways Corp believes it had no way to know it should have grounded a former pilot before his midair meltdown forced an emergency landing, and that his $14.9 million damages lawsuit should be dismissed. "There is absolutely nothing JetBlue could have done to prevent the unforeseeable and scary events" caused by Clayton Osbon's erratic...

  • Man who caught listeria-related meningitis sues Blue Bell Wednesday, 20 May 2015 | 10:14 AM ET

    AUSTIN, Texas— A man is suing Blue Bell, saying he contracted listeria-related meningitis after eating ice cream produced by the company. David Philip Shockley seeks unspecified damages in the negligence lawsuit filed Tuesday in Austin. The lawsuit says Shockley was hospitalized with respiratory failure and septic shock in October 2013 after eating Blue...

  • TOKYO— Japanese movie studio Toho Co. said Wednesday it is suing Voltage Pictures and a director in a lawsuit complaining that promotions of an upcoming film infringe on its copyright to Godzilla. The lawsuit was filed Tuesday in a federal court in Los Angeles over use of images from the 2014 "Godzilla" movie and to try to gain financing and distribution for the...

  • NEW YORK, May 19- Cablevision Systems Corp sued Verizon Communications Inc on Tuesday, seeking a judge's finding that its television commercial claiming Verizon's FiOS service does not solely use fiber optic cable is actually truthful. The lawsuit comes after Verizon launched a proceeding on April 27 before the Better Business Bureaus' National...

  • May 19- A federal judge certified a class-action lawsuit that accuses J.C. Penney Company Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting big discounts when the items were advertised on sale. District Judge Fernando Olguin in Los Angeles said it was possible "in one stroke" to determine whether J.C....

  • The award was first made in 2003 for a class of 1.4 million Illinois smokers, but it was struck down by the Illinois Supreme Court in 2005. A lower Illinois court revived the verdict last year. Former Illinois governor Jim Thompson, arguing for Philip Morris, a unit of Altria Group Inc, said the Supreme Court's 2005 ruling should stand. Richmond, Virginia- based...

  • May 19- A federal judge has certified a class-action lawsuit that accuses J C Penney Co Inc of marking up retail prices on apparel and accessories to trick shoppers into believing they were getting good deals when the items went on sale. District Judge Fernando Olguin in Los Angeles said it was possible "in one stroke" to determine whether J C Penney's advertising...

  • ATLANTA— United Parcel Service Co. agreed to pay more than $25 million to settle complaints that it kept false records to hide late deliveries and collect more for overnight packages to government customers. The Department of Justice said Tuesday that the payment settles a whistleblower lawsuit filed by a former UPS employee, who will get $3.75 million.

  • *Kering suit says Alibaba a conduit for counterfeiters. Executive Chairman Jack Ma was speaking after Gucci, Yves Saint Laurent and other brands owned by Kering sued Alibaba in the United States on Friday, accusing it of knowingly making it possible for counterfeiters to sell their products throughout the world. Apple Chief Executive Tim Cook was quoted by...

  • SAN FRANCISCO— A federal appeals court has upheld a jury's finding that Samsung illegally copied some patented features in Apple's iPhone, but it sided with Samsung on one point that could reduce the $930 million in damages the South Korean company had been ordered to pay. But I don't think the litigation has served all the purposes that Apple and Samsung...

  • SAN FRANCISCO, May 18- Google Inc should not have to remove an anti-Islamic film from its YouTube website because a woman complained that she was duped into performing in a film that depicted the prophet Mohammed as a fool and sexual deviant, a U.S. appeals court ruled on Monday. In a case widely followed for its potential impact on the entertainment industry, an 11-...

  • NEW YORK, May 18- A U.S. appeals court on Monday reversed part of a $930 million verdict that Apple Inc won in 2012 against Samsung Electronics Co Ltd, saying the iPhone maker's trademark-related appearance could not be protected. In a highly anticipated ruling stemming from the global smartphone wars, the U.S. Court of Appeals for the Federal Circuit in...

  • WASHINGTON— The Supreme Court ruled unanimously Monday in favor of participants in employee retirement plans who object to companies' investment decisions that eat into retirement savings. The justices revived claims by current and former employees of energy company Edison International. Higher fees of just 1 percent a year would erase $70,000 from an...

  • Kering files suit against Alibaba   Monday, 18 May 2015 | 11:00 AM ET
    Kering files suit against Alibaba

    Alibaba is facing a fresh lawsuit over luxury fakes after being dogged for years by charges it doesn't do enough to stop counterfeiters.

  • Part of Apple vs Samsung $930M verdict reversed Monday, 18 May 2015 | 10:53 AM ET

    A U.S. appeals court on Monday said the iPhone maker's trade dress could not be protected.

  • WASHINGTON— The Supreme Court will consider whether an advertising agency hired to boost recruitment for the U.S. Navy is immune from a lawsuit that claims it illegally authorized thousands of unsolicited text messages. The justices said Monday they will hear an appeal from the Campbell-Ewald Company, which claims federal contractors can't be sued under...

  • WASHINGTON, May 18- The U.S. Supreme Court on Monday agreed to consider advertising agency Campbell-Ewald Co's attempt to fend off a class action lawsuit over claims the company violated a federal consumer law by sending unsolicited text messages on behalf of the U.S. Navy. The U.S. Navy messages were part of a recruitment drive. Do it in the Navy. "