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  • SAN FRANCISCO, Jan 19- A U.S. judge allowed part of a lawsuit to proceed against the founder of Facebook's virtual reality glasses unit Oculus VR Inc, but also dismissed several claims filed by another company which alleged the Oculus founder had passed off its confidential information as his own. District Judge William Alsup in San Francisco ruled on Saturday...

  • Jan 19- A shareholder filed a lawsuit against Viacom and CBS's boards on Tuesday, alleging the companies improperly paid millions to Sumner Redstone for his services as executive chairman "while he was physically and mentally incapacitated." The new shareholder lawsuit, filed in the Delaware Court of Chancery, says payments to Redstone "for services not...

  • Jan 15- U.S. drugmaker Merck& Co on Friday said it would pay $830 million to settle a federal class action lawsuit involving allegations the company failed to adequately inform investors about heart risks from its now-recalled Vioxx pain medication. But other litigation continued, including a multi-district class action lawsuit pending against Merck in New...

  • SYDNEY, Jan 15- Australia and New Zealand Banking Group said on Friday it is investigating allegations of a company culture of sex, drugs and alcohol that are part of a multi-million dollar lawsuit against the bank by two dismissed traders. The Australian Financial Review newspaper cited court documents filed by Etienne Alexiou and Patrick O'Connor that...

  • NEW YORK, Jan 14- Citigroup Inc has settled long-running litigation in which Allied Irish Banks Plc accused it of helping rogue currency trader John Rusnak rack up a $691 million loss. District Judge Deborah Batts in Manhattan on Thursday ordered the dismissal of the 12-1/ 2- year-old case, in which government-controlled AIB sought $500 million of...

  • NEW YORK, Jan 14- Citigroup Inc has settled long-running litigation in which Allied Irish Banks Plc accused it of helping rogue currency trader John Rusnak rack up a $691 million loss. An order announcing the dismissal of the 12-1/ 2- year-old case was filed on Thursday with the U.S. District Court in Manhattan. Citigroup also resolved related claims against...

  • EOS lip balm caused blisters, rash, lawsuit claims Thursday, 14 Jan 2016 | 1:59 PM ET
    EOS Lip Balm

    EOS, otherwise known as the Evolution of Smooth, is "anything but smooth," according to a lawsuit filed in Los Angeles, the TODAY show reports.

  • SunEdison, Terraform fall on Tepper lawsuit Wednesday, 13 Jan 2016 | 3:00 PM ET
    SunEdison, Terraform fall on Tepper lawsuit

    CNBC's Kelly Evans details a lawsuit filed by David Tepper's Appaloosa and its impact on SunEdison.

  • LONDON, Jan 13- The families of two BP employees killed in the 2013 In Amenas gas plant attack in Algeria have filed a lawsuit in London's High Court against the company, accusing it of failing to take reasonable steps to protect its workers. BP, one of three partners with Norway's Statoil and Algeria's Sonatrach in the In Amenas joint venture plant, said it...

  • New delay in Remington gun settlement Tuesday, 12 Jan 2016 | 5:16 PM ET
    Remington Model 700P

    A federal judge has agreed to further delay a class-action settlement involving Remington rifles to allow more time to develop a better plan to alert the public.

  • GlaxoSmithKline faces lawsuit from ex-manager Tuesday, 12 Jan 2016 | 11:47 AM ET
    A GlaxoSmithKline logo sits on a sign outside the company's headquarters in London.

    A former researcher says the pharma giant fired him for raising red flags about statistical problems in tobacco-cessation studies.

  • MILAN, Jan 12- Italian consumer group Altroconsumo will launch an appeal after a court rejected its class action case against Volkswagen in which it accused the carmaker of understating the level of carbon dioxide emissions in one of its models. Our battle for transparency continues, " Marco Pierani, Altroconsumo's head of external relations, said in a...

  • Investors sue Shkreli-led firm for return of $5M Tuesday, 12 Jan 2016 | 8:40 AM ET
    Martin Shkreli departs U.S. Federal Court after an arraignment and his being charged on a federal indictment filed in Brooklyn on Dec. 17, 2015.

    Investors who backed a biotech company led by Martin Shkreli are suing to get back the $5.4 million they invested just hours before his arrest.

  • The high court left in place a December 2014 ruling by the San Francisco- based 9th U.S. Circuit Court of Appeals that refused to dismiss a lawsuit against Nestle, Archer-Daniels-Midland Co and Cargill Inc filed by former victims of child slavery.

  • CHICAGO, Jan 8- Chipotle Mexican Grill, under scrutiny for months over outbreaks of foodborne illness linked to its restaurants across several U.S. states, was sued on Friday for allegedly misleading investors about its food safety controls. The burrito chain failed to disclose that its "quality controls were inadequate to safeguard consumer and employee...

  • Wal-Mart sued over bullets used in Penn murders Friday, 8 Jan 2016 | 7:08 AM ET
    A Walmart sign in Miami

    Wal-Mart faces a lawsuit claiming store employees negligently allowed an underage, drunk customer to buy a box of bullets later used in three murders.

  • Insurers sue Puerto Rico over default, clawbacks Friday, 8 Jan 2016 | 6:58 AM ET
    Debris is scattered around the government housing project Puerta de Tierra which is undergoing renovation work, in San Juan, December 2, 2015.

    Insurers of Puerto Rican bonds sued the U.S. commonwealth over its recent debt default.

  • Jan 8- Assured Guaranty Corp and Ambac Assurance Corp, insurers of Puerto Rican bonds, sued the U.S. commonwealth on Thursday over its recent debt default, bringing to reality a long-expected court battle between the island and its financial creditors. The lawsuit, filed in U.S. District Court for the District of Puerto Rico, alleges Puerto Rico broke the law when...

  • HARRISBURG, Pa., Jan 7- Wal-Mart Stores Inc, the world's largest retailer, faces a lawsuit in Pennsylvania claiming store employees negligently allowed an underage, intoxicated customer to buy a box of bullets later used to commit three murders. The lawsuit, filed in Philadelphia by families of the victims, seeks compensatory and punitive damages from Wal-Mart...

  • The Canadian company filed a lawsuit in federal court in Texas on Wednesday, asking the court to declare the White House decision unlawful. The trade agreement between Canada, Mexico and the United States allows investors from those countries to seek damages when they feel they have been discriminated against or treated unfairly by one of the other NAFTA...