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Law Lawsuits

  • A judge has dismissed a lawsuit that accused Wal-Mart's Mexico operations of misleading shareholders during an alleged bribery scheme. The federal judge in New York on Monday rejected shareholder claims that former Wal-Mart executives knew about bribery allegations or should have known. The allegations spurred federal investigations in the U.S. and...

  • A shopper inspects cans of evaporated milk at a Walmart store in Secaucus, New Jersey.

    On Monday Wal-Mart won the dismissal of a U.S. lawsuit accusing the retailer of defrauding shareholders in Mexico.

  • Feb 27- Wal-Mart Stores Inc on Monday won the dismissal of a U.S. lawsuit accusing the world's largest retailer of defrauding shareholders in its Wal-Mart de Mexico unit by concealing its suspected bribery of public officials in Mexico. District Judge Katherine Polk Failla in Manhattan said holders of Wal-Mex's American depository shares cannot pursue...

  • Feb 27- Wal-Mart Stores Inc on Monday won the dismissal of a U.S. lawsuit accusing the world's largest retailer of defrauding shareholders in its Wal-Mart de Mexico unit by concealing its suspected bribery of public officials in Mexico. District Judge Katherine Polk Failla in Manhattan said holders of Wal-Mex's American depository shares cannot pursue...

  • NEW YORK, Feb 24- A judge on Friday rejected Cumulus Media Inc's bid to proceed with a refinancing plan that the second-largest U.S. radio network hoped would help reduce its $2.4 billion debt load, but was opposed by some lenders. District Judge Katherine Polk Failla in Manhattan came in a lawsuit the Atlanta- based company filed in December, accusing JPMorgan...

  • Travis Kalanick, CEO of UBER

    "We will continue our hard work to bring self-driving benefits to the world," Uber said.

  • NEW YORK, Feb 24- A U.S. judge on Friday rejected Cumulus Media Inc's bid to proceed with a refinancing plan that the second-largest U.S. radio network hoped would help reduce its $2.4 billion debt load, but was opposed by some lenders. District Judge Katherine Polk Failla in Manhattan came in a lawsuit the Atlanta- based company filed in December, accusing JPMorgan...

  • NEW YORK, Feb 24- A New York state judge has dismissed a lawsuit accusing the Sequoia Fund, known for its ties to Warren Buffett, of recklessly making a huge, disastrous investment in Valeant Pharmaceuticals International Inc, causing billions of dollars of losses. Justice O. Peter Sherwood of the State Supreme Court in White Plains, New York, said Sequoia...

  • District Judge Katherine Polk Failla in Manhattan came in a lawsuit the Atlanta- based company filed in December, accusing JPMorgan Chase& Co of withholding consent to parts of its refinancing plan.

  • Tough week for Uber

    Mike Isaac, New York Times tech reporter, and Gene Munster, Loup Ventures founder, discuss the headlines swirling around Uber this week including being sued by Alphabet's Waymo and allegations of bad company culture.

  • Uber's drawings of 3-D sensors contained Alphabet's trade secrets, the lawsuit claims.

  • AUGUSTA, Maine— The Maine attorney general's office and federal authorities have filed a complaint against three corporations and six individuals accused of falsely advertising, marketing, distributing and selling pills for joint pain and memory problems. The Portland Press Herald reports the consumer fraud lawsuit was filed on Wednesday in federal...

  • Feb 23- Video game publisher ZeniMax Media Inc., which earlier this month won a $500 million verdict against Facebook Inc.s Oculus virtual reality unit for unauthorized copying of computer code, has asked a federal judge to block Oculus from using the code in its products. It was the same court where jurors on Feb. 1 issued the verdict against Oculus and its...

  • SAN FRANCISCO— A self-driving car company founded by Google is colliding with ride-haling service Uber in a court battle revolving around allegations of betrayal, high-tech espionage and greed. The brewing showdown emerged late Thursday in a lawsuit filed in a San Francisco federal court by Waymo, a once-secretive self-driving company hatched by Google...

  • NEW YORK, Feb 23- L3 Technologies Inc said on Thursday it reached a $34.5 million settlement of a lawsuit by shareholders who accused the defense contractor of accounting fraud in its aerospace systems business. Shareholders led by two Michigan pension plans accused L3 of hiding improprieties, including those raised by an internal management-level...

  • Feb 22- Puerto Rico bondholders whose debt is backed by the U.S. territory's sales tax revenue, known as COFINA creditors, are asking a federal court to prevent the island from diverting those tax revenue streams to pay other creditors. A group of funds holding more than $2 billion in COFINA debt on Wednesday sought to intervene in a lawsuit filed by some of Puerto...

  • Arianna Huffington

    Huffington is a member of Uber’s board.

  • NEW BRUNSWICK, N.J.— The remaining condo owner in a failed New Jersey waterfront development has reached an undisclosed settlement with a New York- based real estate company tied to Republican President Donald Trump's son-in-law. NJ.com reports the settlement with the Kushner Cos. announced Tuesday stems from a 2012 fraud lawsuit that initially listed 33...

  • NEW YORK— PepsiCo will tweak the labels for some Naked juices and smoothies to make clearer what ingredients they contain. The changes should start appearing in about eight months, said Maia Kats, director of litigation for the Center for Science in the Public Interest. PepsiCo Inc. thanked CSPI for working with it and noted the ingredients will remain the same,...

  • Feb 21- The U.S. Supreme Court on Tuesday turned away an appeal by Boston Scientific Corp of a Maryland state court jury verdict ordering the medical device company to pay $308 million to a patent licensor for breach of contract concerning implantable cardiac devices. Boston Scientific had asked the justices to hear its appeal in the dispute over its licenses...