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Law Lawsuits

  • LOS ANGELES— Celgene Corp. has agreed to pay $280 million to settle a whistleblower lawsuit alleging the pharmaceutical company committed fraud promoting a drug with a notorious history that was re-purposed to treat leprosy and another therapy for unapproved cancer treatments, federal prosecutors announced Tuesday. The agreement settled a lawsuit in...

  • WASHINGTON, July 25- The U.S. House of Representatives on Tuesday voted overwhelmingly to erase a new rule that lets bank and credit-card customers band together in lawsuits, as the agency that drafted the measure, the Consumer Financial Protection Bureau, moves closer to the center stage of congressional politics. It now goes to the Senate.

  • WASHINGTON— The Latest on Republican efforts to repeal a banking regulation that would let consumers participate in class-action lawsuits.:. Just two weeks ago, the Consumer Financial Protection Bureau finalized a rule banning most types of mandatory arbitration clauses. The Consumer Financial Protection Bureau finalized the rule just two weeks ago.

  • LOS ANGELES— Celgene Corp. has agreed to pay $280 million to settle a whistleblower lawsuit alleging the pharmaceutical company committed fraud promoting a drug with a notorious history that was re-purposed to treat leprosy and another therapy for unapproved cancer treatments, federal prosecutors announced Tuesday. The agreement settled a lawsuit in...

  • The lawsuit alleged that Celgene violated the laws of 28 states and the District of Columbia by submitting fraudulent claims to state healthcare programs, including California's Medi-Cal program. Brown, a former sales representative for the company, sued New Jersey- based Celgene in 2010, bringing claims on behalf of the federal government and about two...

  • SYDNEY— A Sydney lawyer announced on Tuesday a class action lawsuit against Toyota, Honda and Mazda seeking refunds for cars fitted with faulty air bags from Takata that have been linked to 18 deaths around the world. Lawyer Damian Scattini said the Federal Court action seeks refunds based on an Australian consumer law that entitles consumers to refunds if a...

  • NEW YORK, July 24- A federal jury in Chicago on Monday found AbbVie Inc fraudulently misrepresented the risks of its testosterone replacement drug AndroGel and ordered the drugmaker to pay $150 million in punitive damages. The verdict, which came in response to a lawsuit Jesse Mitchell and his wife filed in 2014, is the first in response to over 6,000 pending...

  • NEW YORK, July 24- A federal jury in Chicago on Monday found AbbVie Inc fraudulently misrepresented the risks of its testosterone replacement drug AndroGel and ordered the drugmaker to pay $150 million in punitive damages. The verdict, which came in response to a lawsuit Jesse Mitchell and his wife filed in 2014, is the first in response to over 6,000 pending...

  • NEW YORK, July 24- A federal jury in Chicago on Monday found AbbVie Inc fraudulently misrepresented the risks of its testosterone replacement drug AndroGel and ordered the drugmaker to pay $150 million in punitive damages. The verdict, which came in response to a lawsuit Jesse Mitchell and his wife filed in 2014, is the first in response to over 6,000 pending...

  • NEW YORK, July 21- Deutsche Bank AG and JPMorgan Chase& Co have agreed to pay a combined $148 million to end private U.S. antitrust litigation claiming they conspired with other banks to manipulate the yen Libor and Euroyen Tibor benchmark interest rates. The preliminary settlements, totaling $77 million for Deutsche Bank and $71 million for JPMorgan, were...

  • BOSTON, July 21- A federal jury handed Amphastar Pharmaceuticals Inc a big win on Friday after it was accused of infringing on a patent held by Momenta Pharmaceuticals Inc through its production of a generic version of the blood-thinner Lovenox. The verdict by the jury in Boston came in a lawsuit by Cambridge, Massachusetts- based biotechnology company Momenta...

  • SHANGHAI, July 21- Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial public offering. Morgan Stanley and Goldman Sachs Group Inc, which spearheaded ZTO's IPO, are named in the class-action...

  • Exxon Mobil chairman and CEO Rex Tillerson.

    Exxon Mobil sued the U.S. government, blasting as "unlawful" and "capricious" a $2 million fine levied against it for a three-year-old oil joint venture with Russia's Rosneft.

  • SHANGHAI, July 21- Chinese courier ZTO Express and the underwriters of its New York stock market listing have been sued by a U.S. pension fund that alleges the firm exaggerated its profit margins to lure investors into its $1.4 billion initial public offering. Morgan Stanley and Goldman Sachs Group Inc, which spearheaded ZTO's IPO, are named in the class-action...

  • WASHINGTON, July 20- Republicans in the U.S. Congress are moving quickly to try to eliminate a new regulation that bars financial firms from forcing consumers into arbitration to settle disputes that otherwise may turn into class-action lawsuits. Top lawmakers in both the House and Senate introduced bills on Thursday to repeal the rule, finalized this week by...

  • WASHINGTON, July 20- Republicans in the U.S. Congress are moving quickly to try to eliminate a new regulation that bars financial firms from forcing consumers into arbitration to settle disputes. Top lawmakers in both the House and Senate introduced bills on Thursday to repeal the rule, finalized this week by the Consumer Financial Protection Bureau.

  • Foxconn parent Hon Hai Precision Industry Co, Wistron Corp, Compal Electronics Inc and Pegatron Corp alleged that Qualcomm violated two sections of the Sherman Act, a U.S. antitrust law. The accusations, made in a filing late on Tuesday in U.S. District Court for the Southern District of California, are counterclaims to a Qualcomm lawsuit filed in May seeking to...

  • Net income attributable to the company fell to $866 million, or 58 cents per share, in the third quarter ended June 25 from $1.44 billion, or 97 cents per share, a year earlier. Revenue fell 11.1 percent to $5.4 billion. Four Apple contractors, including Foxconn parent Hon Hai Precision Industry Co and Wistron Corp, filed a lawsuit against Qualcomm on Tuesday,...

  • WASHINGTON, July 19- A federal judge in California on Wednesday allowed some claims to proceed by bondholders who sued Volkswagen AG over its diesel emissions scandal, but agreed to the German automaker's request to dismiss parts of the lawsuit. District Judge Charles Breyer said in a 31- page order he was allowing a suit against VW and then-Chief Executive...

  • GENEVA, July 19- The tobacco industry continues to subvert government attempts to prevent tobacco-related deaths, the World Health Organization said on Wednesday in a fresh call to counter corporate lobbying and litigation. Countries with partly state-owned tobacco companies, such as Japan which has a stake in Japan Tobacco Inc, should "firewall" their...