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,...

  • 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...

  • 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...

  • 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.

  • NEW YORK, Jan 4- Deutsche Bank AG agreed to pay $95 million to resolve a U.S. government lawsuit accusing the German bank of tax fraud for using "insolvent" shell companies to hide significant tax liabilities from the Internal Revenue Service in 2000.. Under the accord described in papers filed on Wednesday with the federal court in Manhattan, Deutsche Bank also...

  • NEW YORK, Jan 4- Deutsche Bank AG has agreed to pay $95 million to resolve a U.S. government lawsuit accusing the German bank of using shell companies to evade significant tax liabilities in 2000, according to court papers filed on Wednesday.

  • Jan 4- Coca-Cola Co and the American Beverage Association trade group were sued on Wednesday for allegedly misleading consumers about the health risks from consuming sugary beverages. The nonprofit Praxis Project accused the defendants of downplaying the risks to boost sales, despite scientific evidence linking sugary beverages to obesity, diabetes and...

  • Jan 4- Coca-Cola Co and the American Beverage Association trade group were sued on Wednesday for allegedly misleading consumers about the health risks from consuming sugary beverages. The nonprofit Praxis Project accused the defendants of downplaying the risks to boost sales, despite scientific evidence linking sugary beverages to obesity, diabetes and...