Law Lawsuits

  • NEW YORK, Aug 22- Citigroup Inc and AT&T Inc have ended a court battle over whether the "AT&T thanks" customer loyalty program infringed Citigroup's trademark in the phrase "thankyou." According to a Monday filing with a Manhattan federal court, the companies have dropped claims against each other with prejudice, meaning they cannot be brought again.

  • The deal with the SEC, detailed in papers filed in Manhattan federal court, resolves a 2011 lawsuit accusing Mudd of misleading investors about Fannie's exposure to risky mortgages before the crisis. Mudd was one of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC. The SEC did not immediately respond to calls for comment.

  • NEW YORK, Aug 22- Citigroup Inc and AT&T Inc have ended a court battle over whether the "AT&T thanks" customer loyalty program infringed Citigroup's trademark in the phrase "thankyou." According to a Monday filing with a Manhattan federal court, the companies have dropped claims against each other with prejudice, meaning they cannot be brought again.

  • 401(k) lawsuit hits Morgan Stanley

    Charles Field, Sanford Heisler LLP Partner, discusses the lawsuit against Morgan Stanley over 401(k) mismanagement.

  • NEW YORK, Aug 22- Citigroup Inc and AT&T Inc have ended their litigation over the latter's use of the phrase "AT&T thanks" on a customer loyalty program, which the bank said was too similar to its trademarked "thankyou."

  • NEW YORK, Aug 22- A U.S. appeals court refused on Monday to reconsider its decision to overturn a $1.27 billion penalty against Bank of America Corp and a jury verdict finding it liable for mortgage fraud leading up to the 2008 financial crisis. The 2nd U.S. Circuit Court of Appeals in New York rejected a petition by Manhattan U.S. Marc Mukasey, a lawyer for Rebecca...

  • The relatively small settlement, disclosed in papers filed in federal court in Manhattan, resolves a 2011 lawsuit by the SEC accusing Mudd of misleading investors about Fannie Mae's exposure to risky mortgages before the crisis. Mudd was the last of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC in 2011 to reach a...

  • The relatively small settlement, disclosed in papers filed in federal court in Manhattan, resolves a 2011 lawsuit by the SEC accusing Mudd of misleading investors about Fannie Mae's exposure to risky mortgages before the crisis. Mudd was the last of six executives at mortgage funding giants Fannie Mae and Freddie Mac sued by the SEC in 2011 to reach a...

  • FORMER FANNIE MAE CEO DANIEL MUDD SETTLES LAWSUIT BY U.S.

  • *Former boss Fred Goodwin may be called as defense witness. The meeting at The Grove, an 18- century estate near London that served as the secret World War Two HQ for Britain's biggest railway company, was convened to persuade investors to drop claims they were misled into stumping up 12 billion pounds just a few months before the bank's bailout in 2008..

  • Kobi Alexander to return to U.S. - CNBC

    Former Comverse Technology CEO Kobi Alexander, who has been living in Africa since he was indicted for options fraud a decade ago, will return to the U.S. CNBC's Scott Cohn reports.

  • *Former boss Fred Goodwin may be called as defense witness. The meeting at The Grove, an 18- century estate near London that served as the secret World War Two HQ for Britain's biggest railway company, was convened to persuade investors to drop claims they were misled into stumping up 12 billion pounds just a few months before the bank's bailout in 2008..

  • NEW YORK— Valeant Pharmaceuticals replaced Robert Rosiello as chief financial officer as the embattled company attempts to normalize operations amid a host of ongoing investigations and class action lawsuits. Earlier this year, the company ousted Michael Pearson, the CEO who engineered the Valeant's acquisition strategy, replacing him with Joseph Papa.

  • Morgan Stanley HQ

    A participant in Morgan Stanley's retirement-savings plan sued Friday, alleging its investment options are poor, including some funds the bank runs.

  • Prominent start-up Hampton Creek, maker of Just Mayo, faces scrutiny from regulators for its business practices, the NYT reports.

  • DOVER, Del.— A Delaware judge has ordered the co-founder of a New York- based translation company to pay his business partner and former fiancee $7.1 million in fees and expenses as sanctions for "deplorable behavior" in a contentious lawsuit resulting in the company's court-ordered sale. The judge on Friday ordered Philip Shawe, co-founder of TransPerfect...

  • Jackson: Viacom shareholders are better off now

    Eric Jackson, Spring Owl Asset Management, discusses the corporate governance issues surrounding Viacom and CEO Philippe Dauman's reported $72 million severance package, with the "FMHR" traders and Rob Sechan, UBS Private Wealth Management.

  • Viacom's c-suite shakeup

    The "FMHR" traders and Rob Sechan, UBS Private Wealth Management, discuss the trade on Viacom following the news of the expected $72 million severance package for CEO Philippe Dauman.

  • Phillipe Dauman, CEO of Viacom

    If CEO Dauman exits Viacom, it would cap a lucrative decade-long tenure at the company, data shows.

  • Swisher on the Viacom saga

    Kara Swisher, Recode executive editor, discusses the latest on Viacom with Philippe Dauman reportedly getting a large compensation package to exit his role as CEO.