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  • Citigroup Debt Accord May Spur Other Banks to Settle Thursday, 7 Aug 2008 | 12:42 PM ET
    Citibank

    Citigroup agreed to buy back more than $7 billion of illiquid auction-rate securities and pay a $100 million civil fine to settle charges it fraudulently misled investors about the debt's risk.

  • Citi Talks With Regulators May Lead to Buybacks: WSJ Wednesday, 6 Aug 2008 | 8:34 AM ET
    Citibank

    Citigroup is in talks with state and federal regulators to resolve allegations of wrongdoing in the auction-rate-securities market that could result in its buying back several billion dollars of the illiquid securities, Wall Street Journal said.

  • China Court Rejects Danone Appeal in Wahaha Dispute Tuesday, 5 Aug 2008 | 3:43 AM ET
    A visitor walks past at Wahaha products displayed Monday July 2, 2007 in Hangzhou, China. After 11 years in a showcase joint venture, China's biggest beverage makers, Wahaha and French food conglomerate Group Danone SA are feuding over the use of the Chinese company's brand name and other issues.(AP Photo/Eugene Hoshiko)

    A Chinese court has rejected an appeal by France's Groupe Danone in a legal battle with estranged partner Hangzhou Wahaha Group over ownership of the "Wahaha" trademark, China's best-known soft-drink brand, the companies said on Tuesday.

  • China Publishes Details of Anti-Monopoly Law Monday, 4 Aug 2008 | 11:03 PM ET

    China has fleshed out its landmark anti-monopoly law, specifying turnover thresholds that will trigger a government review of proposed mergers.

  • Connecticut Sues Rating Agencies For Deception Wednesday, 30 Jul 2008 | 11:04 AM ET
    State Attorney General Richard Blumenthal holds a press conference in his office to announce plans to file a lawsuit against the U.S. Department of Education over the federal No Child Left Behind Act in Hartford, Conn., Monday August 22, 2005.

    Connecticut Attorney General Richard Blumenthal said Wednesday he will take legal action against the three major rating agencies, which he accused of "deceptive and unfair practices."

  • GOP Senator Stevens Indicted on Seven Counts Tuesday, 29 Jul 2008 | 1:51 PM ET

    Senator Ted Stevens, the longest-serving Republican senator and a figure in Alaska politics since before statehood, has been indicted on seven counts of falsely reporting hundreds of thousands of dollars in services he received from a company that helped renovate his home.

  • Oracle Expands Espionage Charges Against SAP Monday, 28 Jul 2008 | 4:38 PM ET
    Oracle's headquarters in California.

    Oracle amended its lawsuit against SAP on Monday, saying SAP executive board members were warned that its TomorrowNow unit was engaged in corporate theft before SAP bought TomorrowNow.

  • San Diego Sues Bank of America to Block Foreclosures Thursday, 24 Jul 2008 | 3:57 AM ET

    San Diego City Attorney Michael Aguirre said Wednesday he filed a lawsuit against Bank of America Corp and its Countrywide unit to prevent the mortgage lenders from foreclosing on homes in his city, which he aims to make a "foreclosure sanctuary."

  • NY Attorney General Could File Suit Against UBS: WSJ Wednesday, 23 Jul 2008 | 6:16 AM ET

    New York attorney general Andrew Cuomo is preparing to file civil securities-fraud charges against UBS, possibly as early as this week, the Wall Street Journal said on Wednesday.

  • Barbie and Bratz Are Sisters, Court Rules Friday, 18 Jul 2008 | 5:36 AM ET

    A jury decided Thursday that Barbie and the Bratz dolls are relatives, handing a major victory to Mattel in its copyright infringement lawsuit against rival MGA Entertainment.

  • At the Uneasy Intersection of Bloggers and the Law Tuesday, 15 Jul 2008 | 1:29 PM ET

    A grand jury subpoena sent by prosecutors in the Bronx earlier this year sought information to help identify people blogging anonymously on a Web site about New York politics called Room 8. The subpoena carried a warning in capital letters that disclosing its very existence “could impede the investigation being conducted and thereby interfere with law enforcement” — implying that if the bloggers blabbed, they could be prosecuted.

  • SEC Says Expanding Rumor Crackdown Monday, 14 Jul 2008 | 8:37 AM ET

    U.S. securities regulators are boosting efforts to stop the spread of false rumors that threaten financial institutions, after a week that saw steep slides in the shares of Fannie Mae, Freddie Mac and Lehman Brothers.

  • Sell Block: Say No to HMOs Thursday, 10 Jul 2008 | 9:01 PM ET

    Cramer last week offered up his prediction of potential winners from the new Medicare bill -- the one that passed in the Senate yesterday. (President Bush has said he'll veto -- but it already passed by a veto-proof margin.) The good news is that Fresenius Med (FMS), Cramer's fave of the bill, got bumped to a 52-week high today with three points. But what about the losers of the Medicare bill -- the new offenders headed for the Sell Block?

  • Bank of America Mending The Mortgage Market? Wednesday, 9 Jul 2008 | 12:07 PM ET

    I'll be at the Town Hall Los Angeles meeting today where Bank of America CEO Ken Lewis will be speaking on "Mending Our Mortgage Markets." However, it sounds like between the Fed, Congress, and the Great State of California, the mending is being done without BofA.

  • Workplace BlackBerry Use May Spur Lawsuits Wednesday, 9 Jul 2008 | 11:10 AM ET
    A Blackberry devise is used

    As employers hand out electronic devices to their employees at a greater pace, there are growing concerns that workers eligible for overtime pay, known as non-exempt employees, could begin suing their employers for overtime hours earned while tapping on their devices during after-work hours.

  • Anheuser-Busch Sues InBev Over Takeover Attempt Tuesday, 8 Jul 2008 | 5:46 PM ET
    Anheuser Busch

    Anheuser-Busch sued InBev in an effort to stop its Belgian-Brazilian suitor from taking any more steps to replace the U.S. brewer's board of directors, which had rejected a $46.3 billion takeover offer from InBev.

  • And Here We Go Again ... Thursday, 3 Jul 2008 | 12:56 PM ET
    European Central Bank President Jean-Claude Trichet

    There is an adamant little Frenchman, Jean-Claude Trichet, and his merry band of monetary lawmakers drawing the line on inflation ... how'd THEY become the bad guys? Hmmm...

  • Grasso Victorious in Pay Case; Cuomo Won't Appeal Tuesday, 1 Jul 2008 | 4:19 PM ET

    The New York Supreme Court's Appellate Division Tuesday threw out a summary judgment decision that former New York Stock Exchange Chairman Richard Grasso must return a portion of his $187.5 million compensation package, and the New York attorney general's office says it will not appeal the decision.

  • Mortgage Ruling Could Shock US Banking Industry Monday, 30 Jun 2008 | 3:38 PM ET
    For Sale Signs

    A lawsuit filed by a Wisconsin couple against their mortgage lender could have major implications for banks should a U.S. appeals court agree that borrowers can cancel their loans en masse when their lenders violate a federal lending disclosure law.

  • LVMH Wins Compensation from eBay for Fakes Monday, 30 Jun 2008 | 9:07 AM ET

    A French court ordered eBay to pay 38.6 million euros ($61 million) to luxury goods group LVMH for allowing the sale of fake merchandise, in a ruling immediately appealed by the online auction website.

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