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  • They use complicated corporate structures that protect their China- based parent companies from U.S. lawsuits. The report calls on Congress to establish that Chinese companies fall under the jurisdiction of U.S. courts and require that Chinese firms assign agents to accept subpoenas and other U.S. court documents. That forces plaintiffs into a cumbersome...

  • LOS ANGELES— Wells Fargo Bank employees driven by strict sales pressure issued unwanted credit cards and opened unauthorized accounts that charged customers fees and damaged their credit, according to a lawsuit filed by the city of Los Angeles. "In its push for growth, Wells Fargo often elevated its profits over the legal rights of its customers," Feuer said.

  • May 4- Morgan Stanley said on Monday it could lose more than $290 million from a lawsuit by Deutsche Bank National Trust Co over the quality of about $735 million of the Wall Street firm's mortgages. Deutsche Bank in April last year filed a complaint that alleged Morgan Stanley had falsely represented the quality of the loans, the U.S. bank said in a regulatory...

  • May 4- DaVita HealthCare Partners Inc, one of the largest U.S. kidney dialysis providers, said it agreed to pay $450 million to settle a whistleblower lawsuit accusing it of deliberately wasting medicines in order to receive higher Medicare payments. The lawsuit alleged that DaVita, whose largest shareholder is Warren Buffett's Berkshire Hathaway Inc, used...

  • ATLANTA— A security guard who was shot during a rampage at a FedEx facility just outside Atlanta is suing the company. A lawsuit filed Monday in Gwinnett County Superior Court by Christopher Sparkman, 29, accuses FedEx of negligence, battery and more. Geddy Kramer, 19, shot Sparkman at the start of an April 29, 2014, attack at a FedEx facility near Atlanta, police...

  • PROVIDENCE, R.I.— A lawyer for Rhode Island's economic development agency is asking a judge to unseal filings in its lawsuit over the failed 38 Studios deal, saying the public has a right to know. A Superior Court judge plans to hear arguments Friday. Ex-Red Sox pitcher Curt Schilling's failed video game company got a $75 million state-backed loan.

  • The five banks are JPMorgan Chase& Co, Citigroup, British banks Royal Bank of Scotland and Barclays and Swiss bank UBS. RBS and Barclays this week set aside a further $1.71 billion for investigations and litigation involving foreign exchange. RBS's $510 million brought its total FX provision to $1.1 billion and Barclays' additional $1.2 billion raised its...

  • Injuction issued against AmEx in antitrust suit Thursday, 30 Apr 2015 | 7:14 PM ET

    A judge previously ruled that the company violated antitrust law by barring merchants from steering consumers to lower-cost cards.

  • NEW YORK, April 30- Merchants unhappy with the fees American Express Co charges them may steer customers toward less expensive cards without fearing retaliation from the credit card company, a federal judge ruled on Thursday. Judge Nicholas Garaufis in Brooklyn federal court said American Express may not stop restaurants and stores, for instance, from...

  • Texas takes aim at telemedicine care for patients Thursday, 30 Apr 2015 | 5:28 PM ET

    DALLAS— The state of Texas and telemedicine advocates are in a legal tussle over patients who receive doctor consultations through video. A Dallas company, Teladoc, has filed a lawsuit to block the state's action, arguing that it "would raise prices and reduce access to physician services in Texas." He argues that "not one shred of data was presented" during the Texas...

  • JUDGE OVERSEEING GOVERNMENT'S ANTITRUST LAWSUIT AGAINST AMERICAN EXPRESS CO ISSUES INJUNCTION AGAINST STEERING CUSTOMERS.

  • DOVER, Del.— A South Korean company accused of stealing trade secrets involving Kevlar technology has pleaded guilty to federal conspiracy charges and settled separate civil litigation filed by the DuPont Co., officials said Thursday. In resolving the legal battles, Kolon Industries Inc. was sentenced to pay $85 million in criminal fines and agreed to pay...

  • When $104M isn't enough...   Thursday, 30 Apr 2015 | 11:28 AM ET
    When $104M isn't enough...

    The man who blew the whistle on Americans hiding money in UBS Swiss bank accounts got more than $100 million for his efforts, reports CNBC's Eamon Javers.

  • MILAN, April 29- Italian oil services company Saipem said it would vigorously contest a 174.2 million euro lawsuit from a group of investors claiming the firm overstated profits. Deminor Recovery Services, representing 64 institutional investors, said on Wednesday it was seeking the damages to cover losses on share purchases caused by Saipem's alleged...

  • AT&T fires exec after suit alleging discrimination Wednesday, 29 Apr 2015 | 7:50 AM ET
    An AT&T store in New York.

    AT&T fired the president of its U-Verse business, after an African American female employee filed a racial discrimination lawsuit.

  • April 29- AT&T Inc fired the president of its U-Verse business, after an African American female employee filed a racial discrimination lawsuit. In her lawsuit against Aaron Slator, AT&T and its CEO, Knoyme King alleged she was racially harassed during her employment at the company, the National Association for African American Owned Media said on Monday.

  • April 29- Hardwood flooring retailer Lumber Liquidators Holdings Inc reported a 2 percent fall in net sales so far in April and said its chief financial officer would leave the company in June. Lumber Liquidators said it was aware of 103 pending class action cases against it since March 3 through April 27 related to its laminate flooring manufactured in China.

  • April 29- One of the lawsuits was filed by Sara Hensley, whose father was beheaded in Iraq by Islamic militants; another by Patrick Baker, who was shot in the head during the hijacking of an EgyptAir flight by the Abu Nidal Organization; the third came from Marvin Wilson, who was abducted by Kurdish separatists in Turkey. The three litigants and their co-plaintiffs...

  • TOKYO— Japan's largest drugmaker Takeda Pharmaceutical Co. said Wednesday it has agreed to pay up to $2.4 billion to thousands of patients and their families over its diabetes drug Actos which has been linked to cancer. The settlement will go into effect if 95 percent of the litigants agree to the deal, and the company would pay $2.37 billion.

  • LOS ANGELES— AT&T Inc. on Tuesday confirmed that it has fired Aaron Slator, a president who became the subject of a $100 million discrimination lawsuit for using his work phone to send racially offensive images. The suit, filed in Los Angeles Superior Court, names as defendants Slator, the company, CEO Randall Stephenson, other executives and board member Joyce...