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  • NEW YORK, Feb 3- Deutsche Bank AG must face a U.S. lawsuit seeking to hold it liable for causing $3.1 billion of investor losses by failing to properly monitor 10 trusts backed by toxic residential mortgages, a federal judge ruled on Wednesday. District Judge Alison Nathan in Manhattan said Belgium's Royal Park Investments SA/ NV may pursue claims that the trustee...

  • NEW YORK, Feb 3- Retrophin Inc has agreed to pay $3 million to resolve a lawsuit by investors accusing the pharmaceutical company of failing to disclose transactions that benefited former Chief Executive Officer Martin Shkreli, who has since been indicted for securities fraud. The $3 million settlement equals 7 percent to 10 percent of the $26 million to $41...

  • NEW YORK, Feb 3- Retrophin Inc has agreed to pay $3 million to resolve a lawsuit by investors accusing the pharmaceutical company of failing to disclose various transactions that benefited former Chief Executive Officer Martin Shkreli, who has since been indicted for securities fraud. The $3 million settlement equals 7 percent to 10 percent of the $26 million...

  • NEW YORK, Feb 3- Retrophin Inc has agreed to pay $3 million to resolve a lawsuit by investors accusing the pharmaceutical company of failing to disclose various transactions that benefited former Chief Executive Officer Martin Shkreli, who has since been indicted for securities fraud. The $3 million settlement equals 7 percent to 10 percent of the $26 million...

  • District Judge Jed Rakoff in Manhattan certified two classes of plaintiffs, saying their claims are similar enough to be pursued as groups. One class bought various Petrobras securities from January 2010 to July 2015 and will be led by Germany's Union Asset Management Holdings AG. The other bought debt securities from offerings in 2013 and 2014, and will be...

  • Inc's chief executive and its board may have mishandled the compensation of a former chief operating officer who received $60 million in severance, a Delaware judge ruled on Tuesday, clearing the way for a shareholder investigation. The preliminary ruling stems from a 14- month stint by Henrique de Castro as COO after he was lured away from Google in 2012 by...

  • Tattoos spark video game lawsuit Tuesday, 2 Feb 2016 | 6:34 AM ET

    Travel insurance sales for trips to Latin America have surged as vacationers consider scrapping their plans to avoid the rapidly spreading Zika virus.

  • Yahoo's ranking system faces suit Monday, 1 Feb 2016 | 8:14 PM ET
    Yahoo

    One former manager who lost his job at Yahoo is challenging a quarterly employee ranking system, the NYT reports.

  • Judge accepts LL plea deal: Report Monday, 1 Feb 2016 | 11:52 AM ET
    Judge accepts Lumber Liquidators plea deal: Report

    CNBC's Dominic Chu reports a judge has accepted Lumber Liquidators' plea deal that had been announced in October.

  • LOS ANGELES, Jan 28- Viacom Inc Executive Chairman Sumner Redstone will undergo an examination on Friday by a doctor hired by an ex-girlfriend in a lawsuit that challenges his mental competency, a spokesman for the former girlfriend said. Stephen Read, a geriatric psychiatrist retained by former girlfriend Manuela Herzer, will examine Redstone at his...

  • Viacom's Redstone to undergo mental exam on Friday Thursday, 28 Jan 2016 | 3:58 PM ET

    LOS ANGELES, Jan 28- Viacom Inc Executive Chairman Sumner Redstone will undergo an examination on Friday by a doctor hired by an ex-girlfriend in a lawsuit that challenges his mental competency, a spokesman for the former girlfriend said. Stephen Read, a geriatric psychiatrist retained by former girlfriend Manuela Herzer, will examine Redstone at his...

  • *Posts record 2015 net loss of 6.8 bln eur. FRANKFURT, Jan 28- Deutsche Bank Chief Executive John Cryan urged investors to bear with him as he expects the overhaul of Germany's biggest lender to peak this year, following a record loss in 2015.. Restructuring and severance charges will reach about 1 billion euros in 2016 and litigation costs are to stay high, albeit...

  • NEW YORK, Jan 27- A U.S. judge on Wednesday dismissed a federal racketeering lawsuit claiming FedEx Corp overcharged customers by inflating package weights, and wrongly collecting customs duties on products sent to Canada from shippers instead of recipients. District Judge Katherine Forrest in Manhattan said the FedEx Ground unit that imposed the charges...

  • Ex-Fannie Mae CEO urges U.S. judge to toss SEC fraud case Wednesday, 27 Jan 2016 | 3:59 PM ET

    The SEC sued Mudd, who ran Fannie Mae from 2005 until the seizure, and two colleagues in December 2011, on the same day it filed a similar lawsuit against former Freddie Mac Chief Executive Richard Syron and two of his colleagues. Richard Hong, an SEC lawyer, urged Crotty to let Mudd's case go to trial, saying Mudd knew Fannie Mae was using an overly narrow definition of...

  • LOS ANGELES, Jan 27- A California utility failed to protect residents from the largest methane leak in state history at its natural gas field near Los Angeles, a regional pollution watchdog said in a lawsuit filed against the company. The suit, filed on Tuesday in Los Angeles Superior Court by the South Coast Air Quality Management District, seeks penalties...

  • WASHINGTON, Jan 27- The U.S. Federal Trade Commission filed a lawsuit on Wednesday against DeVry University, run by DeVry Education Group Inc, accusing it of deceiving students about post-graduate job prospects. "DeVry Group believes that the FTC's complaint- filed 40 years after DeVry University began publishing accurate graduate employment statistics- is...

  • NEW YORK, Jan 27- A U.S. judge on Wednesday dismissed a U.S. racketeering lawsuit claiming FedEx Corp overcharged customers by inflating package weights, and wrongly collecting customs duties on products sent to Canada from shippers instead of recipients. District Judge Katherine Forrest in Manhattan said the FedEx Ground unit that imposed the charges was...

  • WASHINGTON, Jan 27- The U.S. Federal Trade Commission filed a lawsuit against DeVry University, run by DeVry Education Group Inc, on Wednesday alleging the company deceived students about the prospect that they would find work. In a letter to the school posted on the Education Department web site, it said that as condition of further U.S. federal student aid to...

  • WASHINGTON, Jan 27- The U.S. Federal Trade Commission filed a lawsuit against DeVry University, run by DeVry Education Group Inc, on Wednesday alleging the company deceived students about the prospect that they would find work.

  • European shares lose ground as Novartis and BASF fall Wednesday, 27 Jan 2016 | 3:21 AM ET

    LONDON, Jan 27- European shares lost ground on Wednesday, impacted by a drop in Swiss drugmaker Novartis and German chemicals company BASF after their weak earnings updates. Royal Bank of Scotland also fell more than 2 percent after the bank warned its profits would be hit by a pension charge and U.S. litigation provisions, while a forecast of lower revenues from...