NEW YORK— A federal appeals court has rejected a shareholder lawsuit filed against key directors at Wal-Mart Stores Inc. that claimed they allowed and concealed alleged bribery in the company's Mexico division. Chief Judge William Riley wrote for the 8th U.S. Circuit Court of Appeals that shareholders, including the Louisiana Municipal Police Employees'... » Read More
A federal court jury has rejected Mattel Inc.'s copyright infringement claims involving MGA Entertainment's popular line of Bratz dolls and awarded MGA $88.4 million for misappropriation of its trade secrets by the Barbie-maker.
No matter how the insider trading trial of hedge fund mogul Raj Rajaratnam turns out, his lead attorney tells CNBC exclusively that it will be his last trial.
Taco Bell took a parting shot Wednesday at the law firm that questioned the beef content of the filling in the chain's tacos and burritos.
A top Justice Department official says a sweeping guilty verdict in a Florida mortgage fraud case adds another face to the financial crisis.
After six weeks, testimony has concluded in the landmark insider trading trial of Galleon Group co-founder Raj Rajaratnam. Now, it will be up to attorneys for Rajaratnam and the government to persuade the jury in closing arguments, which are set to begin Wednesday.
Tyler and Cameron Winklevoss, the towering Olympic rowers and identical twins who you remember from The Social Network movie as the guys who gave Mark Zuckerberg the idea for Facebook, had their case against Zuckerberg thrown out of court yesterday.
Remember Paul Ceglia? He's the fellow in upstate New York who sued Mark Zuckerberg last July, claiming that, way back in 2003, Zuckerberg had agreed to give him a 50% ownership in the project that became Facebook.
Hospital operator Community Health Systems fired back against fraud allegations from rival Tenet Healthcare Tuesday, to claim a lawsuit levied by Tenet is "completely without merit."
How will Raj Rajaratnam's defense team counter all those undercover recordings of the hedge fund mogul receiving inside stock tips? By showing that the tipsters weren't telling him anything he didn't already know.
The federal judge overseeing the NFL players' request to lift a lockout by the owners says it will take "a couple of weeks" to rule.
CNBC's Scott Cohn has the story on an alleged insider trading scheme run by two men that goes back more than 15 years and involved some of the biggest deals in tech.
Fund manager Raj Rajaratnam made $1 million in two minutes of frantic calls after receiving an inside tip about a big investment in Goldman Sachs at the height of the financial crisis, prosecutors said this week at the Galleon founder's insider trading trial.
Dozens of foreign companies with London listings may be exempt from new anti-corruption laws, Ken Clarke has confirmed, a disclosure that will anger investors keen to preserve the integrity of London’s markets, the Financial Times reports.
When the Supreme Court considers on Tuesday whether hundreds of thousands of women can band together in an employment discrimination suit against Wal-Mart, the argument may hinge on the validity of the hotly disputed conclusions of a Chicago sociologist, the New York Times reports.
Shares of Eastman Kodak surged 20 percent in late trading on Friday after the International Trade Commission said that it would review the camera maker's loss in a patent battle with Research in Motion and Apple.
Secretly-recorded audio played by prosecutors reveals a phone conversation between hedge fund executive Raj Rajaratnam and his brother Rengan in which Rengan was concerned that the media had picked up on the deal.
A former American Apparel sales associate filed a lawsuit on Wednesday alleging she was sexually harassed by Dov Charney, the company’s unconventional chief executive and founder best known for promoting his American-made T-shirts and leggings in provocative ads that feature young women, the New York Times reports.
Federal prosecutors say they do plan to call Goldman Sachs Chairman Lloyd Blankfein as a witness in the insider trading trial of Raj Rajaratnam, according to a letter sent to the judge in the case.
After one week of testimony in the insider trading trial of Galleon Group co-founder Raj Rajaratnam, one thing is clearer than ever: In the brutally competitive world of hedge funds, information is everything. A jury will ultimately decide whether the information Rajaratnam got—and made millions trading with—was illegal inside information. But there is no disputing that he went to great lengths to get it.
A taped conversation played for jurors in the criminal insider trading trial of hedge fund manager Raj Rajaratnam Tuesday indicated the Goldman Sachs board had a "divided" discussion in the summer of 2008 about trying to buy a commercial bank such as Wachovia.