Law Lawsuits

  • CHICAGO, Jan 9- A New York federal judge has shot down an effort by creditors of the former Tribune Co to claw back $8 billion from shareholders who sold stock in the publisher's 2007 buyout, bringing a long-running legal battle sparked by its bankruptcy closer to an end. The ruling stems from the tangled litigation following real estate mogul Sam Zell's...

  • Jan 9- A federal judge has blocked a brother of professional racecar driver and payday loan businessman Scott Tucker from selling bogus debt portfolios to collection agencies, which have used them to get consumers to pay debts they did not owe, the U.S. Federal Trade Commission said. The FTC on Dec. 16 filed a civil lawsuit against Joel Tucker and three of his...

  • WASHINGTON, Jan 9- Quincy Bioscience LLC, which makes the memory supplement Prevagen, was hit with a lawsuit on Monday filed by the Federal Trade Commission and New York attorney general's office, which alleged that there is no proof the supplement works. The medicine, which costs $24 to $68 for 30 pills, is advertised on cable and broadcast television, according to...

  • WASHINGTON, Jan 9- The U.S. Supreme Court on Monday declined to hear a bid by banks to avoid a Federal Deposit Insurance Corp lawsuit over the 2009 collapse of Alabama's Colonial BancGroup Inc.. The justices left in place a May 2016 ruling by the New York- based 2nd U.S. Circuit Court of Appeals that found that the FDIC did not wait too long to sue Credit Suisse Group AG,...

  • The records were provided in response to a federal lawsuit filed against the FBI by The Associated Press, Vice Media and Gannett, the parent company of USA Today. The FBI, in its records release Friday, censored critical details that would have shown how much the FBI paid, whom it hired and how it opened the phone. The records also show that the FBI received at least...

  • The case may be heard in federal court, where a judge could potentially order the bank to pay damages, attorneys fees or other equitable relief.

  • WASHINGTON/ BOSTON, Jan 5- The U.S. Federal Trade Commission filed a lawsuit against D-Link Corp on Thursday, accusing the Taiwan- based manufacturer of failing to take reasonable steps to protect its routers and internet-linked security cameras from hackers. The FTC brought the charges as part of a broader effort to improve security of internet-connected...

  • WASHINGTON/ BOSTON, Jan 5- The U.S. Federal Trade Commission filed a lawsuit against D-Link Corp on Thursday, accusing the Taiwan- based manufacturer of failing to take reasonable steps to protect its routers and internet-linked security cameras from hackers. The FTC brought the charges as part of a broader effort to improve security of internet-connected...

  • WASHINGTON, Jan 5- The U.S. Federal Trade Commission filed a lawsuit against D-Link Corp on Thursday, arguing that the company failed to take steps to ensure that the routers and internet-linked security cameras that it manufactures could not be hacked. The FTC asked the U.S. District Court for the Northern District of California to order D-Link to improve its...

  • John M. Bachman, who owned the Lone Star Western Beef plant in Fairmont, could be forced to pay back wages and punitive damages to the employee as a result of the lawsuit, which the U.S. Labor Department filed Thursday against him and his company in federal court in Clarksburg. After she was fired, she filed a complaint with the Occupational Safety and Health...

  • NEW YORK, Jan 5- Jon Corzine, former New Jersey governor and Goldman Sachs co-chairman, will pay a $5 million civil fine to settle a U.S. regulator's lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings Ltd.. Thursday's accord with the U.S. Commodity Futures Trading Commission resolves the last piece of litigation against Corzine over MF...

  • Former chairman and CEO of MF Global and former New Jersey Governor Jon Corzine testifies during a hearing before the Oversight and Investigations Subcommittee of the House Financial Services Committee December 15, 2011 on Capitol Hill in Washington, DC.

    Jon Corzine has agreed to pay the $5 million penalty out of his own pocket, The New York Times reports.

  • Jan 5- Jon Corzine has agreed to pay a $5 million civil fine to settle a lawsuit by the U.S. Commodity Futures Trading Commission over the 2011 collapse of the former New Jersey governor's brokerage, MF Global Holdings Ltd.. Edith O'Brien, MF Global's former assistant treasurer, agreed to pay a $500,000 civil fine and accept an 18- month ban to settle related claims.

  • Jan 5- Jon Corzine has agreed to pay a $5 million civil fine to settle a lawsuit by the U.S. Commodity Futures Trading Commission over the 2011 collapse of the former New Jersey governor's brokerage, MF Global Holdings Ltd.. The settlement was disclosed in a Thursday filing with the U.S. District Court in Manhattan. Corzine also agreed to never again work for a...

  • File photo of protesters protesting DuPont's controversial chemical used to manufacture Teflon.

    DuPont faces more than 3,400 lawsuits over the leak of the chemical from its Parkersburg, West Virginia, plant.

  • Snapchat app

    Anthony Pompliano, a former employee, has dragged Snapchat to court accusing the messaging app of misleading investors and trading partners to drive up its IPO.

  • WASHINGTON, Jan 5- Volkswagen AG and former Chief Executive Officer Martin Winterkorn must defend an investor lawsuit in California over the company's diesel emissions cheating scandal, a U.S. judge has ruled. The pension funds include those representing Arkansas State Highway Employees and Miami Police. The lawsuits said VW's market capitalization fell...

  • WASHINGTON, Jan 4- Volkswagen AG and former Chief Executive Officer Martin Winterkorn must defend an investor lawsuit in California over the company's diesel emissions cheating scandal, a U.S. judge ruled on Wednesday. District Judge Charles Breyer also rejected a request by VW brand chief Herbert Diess to have the proposed securities fraud lawsuits tossed...

  • WASHINGTON, Jan 4- A U.S. judge on Wednesday denied Volkswagen AG and its former chief executive Martin Winterkorn's requests to have an investor lawsuit dismissed in California over its "Dieselgate" emissions scandal. In a 41- page ruling, U.S. District Judge Charles Breyer also rejected a request by VW brand chief Herbert Diess to have the proposed securities...

  • JUDGE DENIES FORMER VOLKSWAGEN CEO MARTIN WINTERKORN REQUEST TO HAVE INVESTOR LAWSUIT DISMISSED- RULING.