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Lawsuits

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  • SEOUL, June 29- South Korea's Asiana Airlines Inc is facing a new class action suit from passengers on a plane that crashed in San Francisco in 2013 that seeks a combined $30 million in damages, a lawyer for the passengers said. Previous lawsuits, including compensation claims brought by 72 passengers that were later settled for an undisclosed amount, were...

  • Swedish woman's Wall Street dream led to $850M lawsuit Sunday, 28 Jun 2015 | 11:26 AM ET

    NEW YORK— She was a young woman from a tiny Swedish town who aspired to work on Wall Street. He was a married man from China who owned a Manhattan investment consulting firm. A jury is deciding the fate of a lawsuit in which 25- year-old Hanna Bouveng claims Benjamin Wey, chief executive officer of New York Global Group, degraded her sexually and then ruined her...

  • June 26- Sirius XM Holdings Inc on Friday said it agreed to pay five record companies $210 million to settle a lawsuit accusing the satellite radio company of broadcasting songs made before 1972 without permission and without paying royalties. The settlement resolves claims by Capitol Records LLC, Sony Music Entertainment, UMG Recordings Inc, Warner Music...

  • June 26- Sirius XM Holdings Inc on Friday said it agreed to pay five record companies $210 million to settle a lawsuit accusing the satellite radio company of broadcasting songs made before 1972 without permission and without paying royalties. In a regulatory filing, Sirius said the accord with Capitol Records LLC, Sony Music Entertainment, UMG Recordings Inc,...

  • Restraining order issued in fight over giant emerald Friday, 26 Jun 2015 | 9:17 AM ET
    "Bahia Emerald"

    The fight over ownership of a giant 752-pound emerald isn't over.

  • June 25- American Apparel Inc said its ousted Chief Executive Dov Charney filed two more lawsuits against the company alleging defamation, representation in false light and claims for securities fraud. Later, on June 24, he filed a lawsuit in the same court against American Apparel, a former CFO, Standard General L.P and other current and former directors...

  • NEW YORK, June 25- Brazil's state-run oil company, Petroleo Brasileiro Petrobras SA, urged a U.S. judge on Thursday to throw out an investors' class action lawsuit claiming a multibillion-dollar bribery scandal overvalued it for years. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper said the company itself was a victim of the...

  • NEW YORK, June 25- Brazil's state-run oil company, Petroleo Brasileiro Petrobras SA, urged a U.S. judge on Thursday to throw out an investors' class action lawsuit over its multibillion-dollar bribery scandal. Speaking at a hearing in federal court in New York, Petrobras lawyer Roger Cooper blamed the fraud on a handful of individuals and said the company could...

  • However, Delaware lawyers feared fee-shifting would effectively wipe out shareholder litigation and the ability to police corporate boards. To placate big business, the new law allows companies to adopt rules that require investors to sue in Delaware, a tactic known as forum selection. Supporters argue that corralling lawsuits in Delaware allows the...

  • JERSEY CITY, N.J.— A nonprofit organization that claimed it could turn gay men straight violated New Jersey's Consumer Fraud Act, a jury concluded Thursday in a civil trial that an attorney for the plaintiffs called "a momentous event" for LGBT rights. The jury said that Jews Offering New Alternatives for Healing, co-founder Arthur Goldberg and counselor Alan...

  • June 24- Two large New York law firms failed to persuade a federal judge to throw out a malpractice lawsuit seeking to force them to pay creditors of imprisoned swindler Allen Stanford for aiding the Texas financier's $7.2 billion Ponzi scheme. Stanford, 65, is serving a 110- year prison term following his March 2012 conviction for scheming to sell fraudulent...

  • June 24- Two large New York law firms failed to persuade a federal judge to throw out a malpractice lawsuit seeking to force them to pay creditors of imprisoned swindler Allen Stanford for aiding the Texas financier's $7.2 billion Ponzi scheme. Stanford, 65, is serving a 110- year prison term following his March 2012 conviction for scheming to sell fraudulent...

  • Boeing Co. declined to comment on the lawsuit, which was filed in an Illinois state court in Chicago. In 2011, Boeing settled a case brought by an American Airlines flight attendant; terms were sealed. In April, a British coroner reported that samples from a British Airways pilot who died in 2012 were "consistent with exposure" to toxic fumes in cabin air.

  • WASHINGTON, June 23- Sysco Corp's $3.5 billion merger with US Foods should be stopped for further review, a U.S. federal judge ruled on Tuesday, handing a major victory to the U.S. government, which had filed an antitrust lawsuit aimed at blocking the controversial merger. Sysco Chief Executive Officer Bill DeLaney said the company was "profoundly disappointed"...

  • DES MOINES, Iowa— A food supplier claims an Iowa egg farm breached a contract after bird flu disrupted the supply of eggs. Michael Foods Egg Products Co., a subsidiary of St. Louis- based cereal-maker Post Holdings Inc., filed a lawsuit in federal court in Des Moines on Monday alleging Hawkeye Pride Egg Farms in Corwith is in breach of a Jan. 27, 2014, contract.

  • INDIANAPOLIS— The consumer reviews service Angie's List has filed a federal lawsuit against Amazon Local, accusing the Amazon.com subsidiary of stealing provider lists and other proprietary information. The lawsuit filed Friday in U.S. District Court Indianapolis where Angie's List is based alleges executives at Amazon Local, which bills itself as a...

  • Lawsuit that could impact Boeing Tuesday, 23 Jun 2015 | 1:00 PM ET
    Lawsuit that could impact Boeing

    CNBC's Phil LeBeau reports the lawsuit against Boeing that questions the air quality of the air craft.

  • Boeing lawsuit charges toxic cabin air Tuesday, 23 Jun 2015 | 8:25 AM ET
    Boeing lawsuit charges toxic cabin air

    CNBC's Phil LeBeau reports flight attendants are accusing Boeing of knowingly endangering airline passengers, but the airline manufacturer counters cabin air meets health and safety standards.

  • SAN JOSE, Calif.— E-commerce company eBay has sold its 28.4 percent stake in Craigslist back to the online classified advertising site, ending years of legal wrangling between the two companies. In 2010, a judge ruled that Craigslist founder Craig Newmark and CEO Jim Buckmaster violated their responsibilities to eBay with changes they implemented that...

  • NEW YORK, June 19- The trustee seeking money for Bernard Madoff's victims on Friday said they will receive $140 million from a feeder fund that ignored "glaring" red flags that the swindler was running a Ponzi scheme. Plaza Investments International Ltd will make the payment to end a lawsuit brought by Irving Picard, the trustee liquidating the former Bernard L....