Law Lawsuits

  • In a court filing in August, J&J argued the case should be dismissed because plaintiffs' lawyers tainted the St. Louis jury pool. The company said the other side spent almost $10 million on national and local television commercials in the previous year, with a disproportionate share of them running in St. Louis. The company also contended that, because most of them...

  • Students walk past the Phi Kappa Psi fraternity house on the University of Virginia campus on December 6, 2014 in Charlottesville, Virginia. On Friday, Rolling Stone magazine issued an apology for discrepancies that were published in an article regarding the alleged gang rape of a University of Virginia student by members of the Phi Kappa Psi fraternity.

    The administrator claimed the article portrayed her as a villain who discouraged the woman from reporting the incident to police.

  • NEW YORK, Nov 4- Bank of America Corp has been hit with a proposed class action accusing it of charging exorbitant fees to thousands of former Arizona prison inmates who were issued debit cards when they were released. Representatives of Bank of America and the Arizona Department of Corrections could not immediately be reached for comment.

  • NEW YORK, Nov 3- Goldman Sachs Group Inc has settled a 2011 lawsuit claiming the investment bank fraudulently induced a bond insurer to guarantee payments on the doomed Abacus collateralized debt obligation ahead of the financial crisis. ACA Financial Guaranty Corp claimed Goldman and the hedge fund headed by John Paulson tricked it into insuring the CDO,...

  • Nov 3- Chesapeake Energy Corp said on Thursday it received a request from the U.S. Securities and Exchange Commission, seeking information on its accounting methodology for the acquisition and classification of oil and natural gas properties. A class action lawsuit was filed in a U.S. District Court on Oct. 4 against Chesapeake, alleging violations of...

  • Is the AT&T, Time Warner merger in jeopardy?

    Adonis Hoffman, former FCC advisor, weighs in on the lawsuit between the Justice Department and DirecTV, and what it could mean for the proposed merger between AT&T and Time Warner.

  • NEW YORK, Nov 3- CVC Capital Partners Ltd has settled a lawsuit by a former managing director who said the big private equity firm unfairly favored male employees, and fired her after she objected to "systemic" gender bias there. Lee, who worked for CVC in New York, said she had been the only woman among 37 managing directors and senior managing directors in CVC's...

  • Wells Fargo also said on Thursday that the U.S. Securities and Exchange Commission is investigating the bank's sales practices. Wells Fargo in September agreed to pay regulators $185 million in a settlement over the case. The Wall Street Journal had reported on Wednesday that the SEC is probing whether Wells Fargo violated rules around investor disclosures...

  • LONDON, Nov 3- European shares looked set to snap their longest losing streak in more than two years as good corporate results, particularly from euro zone banks, helped to lend support. The market also got a lift after England's High Court ruled that the government required parliamentary approval to trigger the EU divorce process after Britons voted in June to...

  • NEW YORK, Nov 2- Attorneys for Brazil's state-controlled oil company, Petroleo Brasileiro SA, asked a U.S. federal appeals court on Wednesday to decertify a class of investors trying to recoup billions of dollars in losses stemming from a sprawling corruption scandal. The attorneys also argued before the Second Circuit Court of Appeals in New York that the...

  • WASHINGTON, Nov 2- Some U.S. Supreme Court justices on Wednesday appeared wary about the foreign policy implications of making it too easy for foreign governments to be sued in U.S. courts as they considered a lawsuit by an Oklahoma-based oil drilling company that claims Venezuela unlawfully seized 11 drilling rigs six years ago. The eight justices heard an...

  • NEW YORK, Nov 2- Shuttered online news website Gawker Media LLC has reached a $31 million cash settlement with Hulk Hogan, the former professional wrestler who obtained a $140 million judgment against the site over a leaked sex tape. Silicon Valley billionaire Peter Thiel revealed that he helped fund the invasion of privacy lawsuit filed by Hogan, whose real...

  • U.S. sues DirecTV

    The Justice Department sues DirecTV, involving L.A. Dodger games. CNBC's Julia Boorstin reports.

  • Filing: Gawker to pay Hogan $31 million

    CNBC's Julia Boorstin reports on the $31 million settlement between Gawker Media's Nick Denton and Hulk Hogan.

  • Nov 2- Anthem Inc reported a lower-than-expected quarterly profit on Wednesday as costs rose in the No. 2 U.S. health insurer's individual business, including Obamacare plans, as well as in the government's Medicaid program for the poor. Anthem, which is fighting a U.S. government lawsuit to block its acquisition of Cigna Corp, said net income fell to $617.8...

  • Anthem, which is fighting a U.S. government lawsuit to block its acquisition of Cigna Corp, said its net income fell to $617.8 million, or $2.30 per share, in the third quarter ended Sept. 30, from $654.8 million, or $2.43 per share, a year earlier. The increase was largely the result of medical costs exceeding the net impact of annual premium rate adjustments in the...

  • Nov 2- Anthem Inc's quarterly revenue rose 7.5 percent as the No. 2 U.S. health insurer added more members to its Medicaid plans. Anthem, which is fighting a U.S. government lawsuit to block its acquisition of Cigna Corp, said its net income fell to $617.8 million, or $2.30 per share, in the third quarter ended Sept. 30, from $654.8 million, or $2.43 per share, a year earlier.

  • WASHINGTON, Nov 1- The Supreme Court on Tuesday appeared unlikely to throw out a jury verdict against State Farm that found the insurance company defrauded the U.S. government when it assessed damage caused by Hurricane Katrina along the Gulf of Mexico coast in 2005.. State Farm argued the claims brought by the sisters, former claims adjusters who worked for the...

  • NEW YORK, Oct 31- Wells Fargo& Co has agreed to pay $50 million to settle a racketeering lawsuit accusing it of overcharging hundreds of thousands of homeowners for appraisals ordered after they defaulted on their mortgage loans. The proposed settlement, which requires court approval, was disclosed in a filing on Friday in an Oakland, California federal court.

  • NEW YORK, Oct 31- Airbnb Inc and New York state are in talks to resolve a lawsuit brought by the company challenging a law it says could expose it to significant penalties for advertising short-term apartment rentals, a person familiar with the matter said on Monday. District Judge Katherine Forrest in Manhattan canceled a hearing that had been set for Monday.