Law Lawsuits

  • House overrides Obama's veto of 9/11 bill

    CNBC's Eamon Javers reports on the first Congressional override of a veto from President Obama for a bill that would allow 9/11 families to sue Saudi Arabia.

  • John Stumpf, chief executive officer of Wells Fargo & Co., prepares to testify before the Senate Committee on Banking, Housing, and Urban Affairs in Washington, Sept. 20, 2016.

    John Stumpf, CEO of Wells Fargo, prepares to face a congressional tribunal on Thursday for the second time in two weeks, reports NYT.

  • DOJ weighs criminal charges against Takata

    The U.S. Justice Department is reportedly in talks with auto airbag maker Takata to resolve allegations of criminal wrongdoings.

  • FRANKFURT, Sept 28- The German government and financial authorities are preparing a rescue plan for Deutsche Bank in case the lender would be unable to raise capital itself to pay for costly litigation, German weekly Die Zeit reported. A Deutsche Bank spokesman referred to an interview Chief Executive John Cryan gave German daily Bild on Wednesday and denied...

  • Labor Department accuses Palantir of discrimination

    The U.S. Department of Labor is suing Palantir Technologies for allegedly discriminating against Asian job candidates. CNBC's Josh Lipton reports.

  • Supreme Court won't put SEC action vs. Tilton on hold

    According to Reuters, the U.S. Supreme Court is refusing to put SEC action against Lynn Tilton, Patriarch Partners founder, on hold. CNBC's Sue Herera reports.

  • Sept 27- A U.S. district court judge in Kansas this week said lawsuits brought by U.S. farmers against seed company Syngenta AG over sales of biotech corn seeds not approved for import by China can proceed as a class action, according to a court filing. Judge John Lungstrum certified a nationwide class and statewide classes in Arkansas, Illinois, Iowa, Kansas,...

  • Palantir office, Palo Alto, California.

    The Department of Labor filed a lawsuit against Palantir Technologies on Monday, alleging that the company discriminated against Asian job applicants.

  • NEW YORK, Sept 27- A U.S. appeals court on Tuesday upheld a judgment against Vivendi SA in a long-running shareholder class action lawsuit accusing the French media group of defrauding investors in the early 2000 s. The 2nd U.S. Circuit Court of Appeals in New York rejected Vivendi's appeal of a 2010 verdict by a federal jury finding it liable for violating federal...

  • NEW YORK, Sept 27- A U.S. appeals court on Tuesday upheld a judgment against Vivendi SA in a long-running shareholder class action lawsuit accusing the French media group of defrauding investors in the early 2000 s. The 2nd U.S. Circuit Court of Appeals in New York rejected Vivendi's appeal of a 2010 verdict by a federal jury finding it liable for violating federal...

  • The 2nd U.S. Circuit Court of Appeals in New York rejected Vivendi's appeal of a 2010 verdict by a federal jury finding it liable for violating federal securities laws, resulting in a $49.8 million judgment against the company in 2014..

  • Wells Fargo, the United States' third-largest bank by assets, agreed to pay $190 million earlier this month to settle regulatory charges that some of its employees opened as many as 2 million accounts without customers' knowledge, in order to meet sales targets. The lawsuit, which was filed in the U.S. District Court of Northern California, comes nearly a week after...

  • SAN FRANCISCO, Sept 26- The U.S. Department of Labor filed an administrative lawsuit against Palantir Technologies on Monday, alleging that the data analytics and security company systematically discriminated against Asian job applicants. It raised $880 million in funding late last year, for a $20 billion valuation, and is considered one of Silicon Valley's...

  • SAN FRANCISCO, Sept 26- The U.S. Department of Labor on Monday filed an administrative lawsuit against Palantir Technologies, alleging the data analytics and security company systematically discriminated against Asian job applicants. It raised $880 million in funding late last year, for a $20 billion valuation, and is considered one of Silicon Valley's most...

  • SAN FRANCISCO— The U.S. Department of Labor has filed a lawsuit accusing a fast-growing Silicon Valley software company of systematically discriminating against Asian job applicants. Palantir Technologies was co-founded by prominent tech financier Peter Thiel, with backing from an investment arm of the CIA, and was recently valued at $20 billion.

  • SAN FRANCISCO, Sept 26- The U.S. Department of Labor on Monday filed an administrative lawsuit against Palantir Technologies, alleging the data analytics and security company systematically discriminated against Asian job applicants. It raised $880 million in funding late last year, for a $20 billion valuation, and is considered one of Silicon Valley's most...

  • SAN FRANCISCO, Sept 26- Tesla Motors Co and a U.S. subsidiary of Swiss auto supplier Hoerbiger have agreed to settle a lawsuit filed by the electric car maker over problems with a proposed hydraulics system for the luxury Model X's "falcon wing" doors, court records show. Tesla and Hoerbiger have delayed filing for a dismissal because certain conditions of the...

  • SAN FRANCISCO, Sept 26- The U.S. Department of Labor on Monday filed an administrative lawsuit against Palantir Technologies, alleging the data analytics and security company systematically discriminated against Asian job applicants. It raised $880 million in funding late last year, for a $20 billion valuation, and is considered one of Silicon Valley's most...

  • Sept 26- Pacific Investment Management Co must turn over some records sought by its former star bond fund manager Bill Gross, who is pursuing a $200 million lawsuit claiming he was forced to resign so that his bonus could be divided among others. In an order dated Monday, California Superior Court Justice Deborah Servino in Santa Ana granted part of Gross' request...

  • Sept 26- Caesars Entertainment Corp said on Monday it remains "optimistic" of reaching a $5 billion deal with the bulk of its creditors to push its main operating unit out of bankruptcy, but one hedge fund bondholder said it will pursue litigation. Caesars offered a sweetened $5 billion settlement last week to hold-out creditors of its main operating unit,...