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Law Lawsuits

  • June 28- Beef Products Inc has settled its closely watched defamation lawsuit against the ABC television network over news reports on its processed beef product that critics dubbed "pink slime," both companies said on Wednesday. Terms of the settlement, which also covered BPI's claims against ABC reporter Jim Avila, were not disclosed. Privately-held BPI had...

  • NEW YORK, June 28- A federal judge on Wednesday dismissed a lawsuit accusing Deutsche Bank AG of concealing major deficiencies in its anti-money laundering controls, including for "mirror trades" to launder money out of Russia. District Judge Analisa Torres in Manhattan said investors who bought the German bank's securities in the United States failed to...

  • That maneuver, the SEC said, artificially reduced the company's operating costs by as much as 20 percent at times, and improved metrics for oil extraction efficiency. The company issued a statement saying the lawsuit was based on "historic" accounting practices that were discovered and reported to the SEC in July 2014. "We are naturally disappointed that the SEC...

  • That maneuver, the SEC said, artificially reduced the company's operating costs by as much as 20 percent at times, and improved metrics for oil extraction efficiency. The company issued a statement saying the lawsuit is based on "historic" accounting practices that were discovered and reported to the SEC in July 2014. "We are naturally disappointed that the SEC...

  • June 28- Beef Products Inc has settled its defamation and libel lawsuit against American Broadcasting Co and its reporter Jim Avila, the meat processor said on Wednesday. BPI had claimed ABC, a unit of Walt Disney Co, and Avila defamed the company by using the term pink slime and making errors and omissions in its 2012 reporting on what the company calls its "lean...

  • A courtroom sketch of jury selection for Martin Shkreli took place in the Brooklyn Federal Court Ceremonial Courtroom on June 26th, 2017.

    A third day of jury selection in Martin Shkreli's trial was expected on Wednesday with opening statements put off until Thursday morning.

  • Sarah Palin

    Former Republican vice presidential nominee Sarah Palin sued The New York Times over an editorial suggesting that she incited the shooting of Rep. Gabby Giffords.

  • June 27- Linde AG's Lincare unit has agreed to pay $20 million to resolve a whistleblower lawsuit accusing the company of fraudulently billing the U.S. government for oxygen and respiratory care equipment. The accord, confirmed by the U.S. Attorney's Office in Massachusetts, will resolve a lawsuit filed under the False Claims Act by former employees of the...

  • WILMINGTON, Del., June 27- Lawyers for people injured by exploding Takata Corp air bags told a U.S. bankruptcy court judge on Tuesday that the company's restructuring plan is being skewed to benefit automakers over victims. TK Holdings Inc, the U.S. business of Takata, filed for Chapter 11 bankruptcy on Sunday due to tens of billions of dollars of liabilities from...

  • June 27- The Federal Trade Commission's antitrust lawsuit against Qualcomm Inc can proceed, a federal judge ruled late on Monday, meaning the iPhone chip supplier must now wage a fight with U.S. regulators even as it contests a separate $1 billion lawsuit filed by Apple Inc.. District Judge Lucy Koh of the Northern District of California in San Jose denied...

  • Day 2 of jury selection of 'Pharma Bro' trial

    CNBC's Meg Tirrel reports on the trial of "Pharma Bro" Martin Shkreli as the judge aims to seat 12 jurors and 6 alternates.

  • Trump son-in-law Jared Kushner hires prominent trial lawyer: NYT

    President Donald Trump's son-in-law and adviser, Jared Kushner, has hired a prominent trial lawyer to help represent him in inquiries linked to Russia, the New York Times reported.

  • NEW YORK, June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and...

  • WASHINGTON, June 26- The Trump administration and the state of Colorado sued PDC Energy Inc on Monday, claiming the company violated the federal Clean Air Act by allowing unlawful emissions from storage tanks. The lawsuit, filed in U.S. District Court in Colorado by the Department of Justice, Environmental Protection Agency and the state, seeks civil penalties...

  • June 26- The trustee recouping money for Bernard Madoff's victims has reached more than $23 million of settlements with the estates of the swindler's late sons and related defendants, ending more than eight years of litigation. According to a Monday court filing, the settlement will strip the estates of Andrew and Mark Madoff of "all assets, cash, and other...

  • WASHINGTON, June 26- The Trump administration and the state of Colorado on Monday sued PDC Energy Inc on Monday, claiming the company violated the federal Clean Air Act by allowing unlawful emissions from storage tanks. The lawsuit, filed in U.S. District Court in Colorado by the Department of Justice, Environmental Protection Agency and the state, seeks civil...

  • 'Pharma Bro' defies advice to keep quiet  before fraud trial

    Martin Shkreli has blatantly defied his attorneys' advice to lay low.

  • A man walks past a sign board of Japanese auto parts maker Takata Corp's Annual General Meeting in Tokyo June 26, 2014.

    Takata is expected to face steep recall costs that may not be fully covered by the sale of assets to U.S.-based Key Safety Systems.

  • June 23- Anthem Inc, the largest U.S. health insurance company, has agreed to settle litigation over hacking in 2015 that compromised about 79 million people's personal information for $115 million, which lawyers said would be the largest settlement ever for a data breach. District Judge Lucy Koh in San Jose, California, who is presiding over the case.

  • DETROIT, June 23- Honda Motor Co on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about "the root cause" of Takata Corp air bag failures, but the engineer later said he was mistaken. The engineer's email was disclosed in a statement from Honda as part of its defense in a class action suit in Florida, where plaintiffs...