Law Lawsuits

  • Another week, another pension fund filing a lawsuit over execution of currency trades. Here's what it means for you. 

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    My daughter is graduating college this year. She's decided she wants to apply to law school. At first I thought, "Do we really need another lawyer in the world?" It's so easy to disparage attorneys...until you need one.

  • Shoppers check out at a newly-opened Target store near Royersford, Pa., on Monday, Nov. 13, 2006. Discount retailer Target Corp. said Tuesday its third-quarter profit rose 16 percent, beating analyst expectations as its sales rose 11 percent. (AP Photo/George Widman)

    When Procter & Gamble challenged Christy Prunier's name Willa for a line of skin care products for preteenagers, Prunier chose to fight. The case goes to court next month, the New York Times reports.

  • Bank of America branch, New York City.

    Bank of America’s potential liability for bad mortgages — in the tens of billions of dollars — is well known. But Bank of America is haunted by other demons from the financial crisis, the most significant one being a lawsuit arising from its troubled Merrill Lynch acquisition, the New York Times reports.

  • Raj Rajaratnam co-founder of the Galleon Group hedge fund.

    The sentencing of former hedge-fund mogul Raj Rajaratnam has been delayed two weeks to October 13.

  • Bernie Madoff

    In testimony obtained by CNBC, a former attorney for the SEC denied that he had a conflict in his handling of the Bernard Madoff case, despite allegations by the agency's Inspector General that have been referred to the Justice Department for possible criminal prosecution.

  • ZURICH, SWITZERLAND - MAY 10: International Monetary Fund Managing Director Dominique Strauss-Kahn leaves the Second Annual Conference of International Monetary Fund held at the Baur au Lac Hotel on May 10, 2011 in Zurich, Switzerland. The conference hosted by the Swiss National Bank (SNB) and the International Monetary Fund (IMF), brought together central bank governors and senior policymakers, to debat about the reform of the international monetary system with topics such as global liquidity p

    As his former colleagues at the International Monetary Fund gather this week, the scandal surrounding Dominique Strauss-Kahn will be a specter in the background.

  • Dominique Strauss-Kahn

    The former IMF chief admitted to a “moral failing” but denied he had sexually assaulted a New York hotel maid in a widely-anticipated interview on French television.

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    The tables may be turned on one former SEC official. He may soon be investigated by the Justice Department for a potential conflict in the Madoff case: He was responsible for the agency's proposal for victim compensation even though he had a financial interest in the outcome.

  • Bitter Battle Over Corn Syrup

    CNBC's Jane Wells has an update on the legal battle between sugar and corn.

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    Regulators are nearing a settlement with Fannie Mae and Freddie Mac over whether the mortgage finance giants adequately disclosed their exposure to risky subprime loans, bringing to a close a three-year investigation. The New York Times reports.

  • Jeffrey Skilling

    Nearly five years after being sent to prison for his role in the most notorious corporate collapse of all time, former Enron CEO Jeffrey Skilling is taking his case back to the Supreme Court.

  • The Arrogance Cycle: Think You Can't Lose, Think Again

    In "The Arrogance Cycle", Farr says he provides what every investor needs to know to protect his or her assets from the next big financial bubble.

  • Banks Are Asked To Submit Capital Plans

    Regulators are questioning major U.S. banks about capital raising plans and BofA announces they plan to make at least 3,500 layoffs beginning tomorrow, with CNBC's Kate Kelly and Steve Liesman.

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    The news that the federal government is suing 17 of the biggest banks in the world for hundreds of billions of dollars no doubt has many people wondering what was the point of bailing them out with hundreds of billions of dollars.

  • Dominique Strauss-Kahn

    Dominique Strauss-Kahn returned home to France on Sunday, for the first time since attempted rape accusations by a New York hotel maid unleashed an international scandal that dashed the former International Monetary Fund chief's chances for the French presidency.

  • WOTS Now: DOJ Tries to Block AT&T Deal

    The Fast Money traders weigh in on the winners and losers in the Justice Department's decision to block AT&T's acquisition of T-Mobile, and CNBC's Jon Fortt with a look at the impact the scuttled merger will have on the rest of the wireless universe.

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    Medical marijuana cannot be sold through private shops, the Michigan appeals court said Wednesday in a major decision that strikes at businesses trying to cash in on pot and cuts off a source for people with chronic ailments.

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    Regulators will announce Wednesday that Google will pay $500 million to settle government charges that it has illegally shown ads for online pharmacies that operate outside the law, according to two people briefed on the investigation. The New York Times reports.

  • Lloyd Blankfein, CEO of Goldman Sachs Group, Inc. participates in a Financial Crisis Inquiry Commission hearing on Capitol Hill on January 13, 2010 in Washington, DC.

    The news that Goldman Sachs chief executive Lloyd Blankfein has hired a high-profile Washington, DC criminal defense attorney likely means that at least one of the government inquiries into Goldman is advancing. And it may indicate that Blankfein himself faces potential legal liability.