Law Lawsuits

More

  • SAN FRANCISCO, Feb 11- Uber has agreed to pay $28.5 million to settle litigation brought by customers who alleged the ride hailing service misrepresented the quality of its safety practices and the fees it charged passengers, the company said on Thursday. The cases, filed in a Northern California federal court, were brought after district attorneys in Los...

  • SAN FRANCISCO, Feb 11- Uber has agreed to pay $28.5 million to settle litigation brought by customers who alleged the ride hailing service misrepresented the quality of its safety practices and the fees it charged passengers, the company said on Thursday. The cases, filed in a Northern California federal court, were brought after district attorneys in Los...

  • NEW YORK, Feb 11- Goldman Sachs Group Inc has reached a $27.5 million settlement of a class-action lawsuit accusing it of defrauding investors in subprime mortgage debt that some U.S. senators blamed for helping cause the 2008 financial crisis. It resolves claims by the Dodona I LLC hedge fund and other investors that Goldman structured the Hudson Mezzanine...

  • NEW YORK, Feb 11- Goldman Sachs Group Inc has reached a $27.5 million settlement of a class-action lawsuit accusing it of defrauding investors in subprime mortgage offerings that some U.S. senators faulted after investigating causes of the 2008 financial crisis. The preliminary settlement was filed on Thursday in Manhattan federal court, and requires a...

  • Feb 11- Dish Network Corp and Twenty-First Century Fox Inc on Thursday said they have ended nearly four years of litigation over the Hopper, a Dish device that lets viewers skip over commercials when playing back shows. CBS Corp and Walt Disney Co's ABC settled similar litigation in 2014, as part of broader agreements that allowed Dish to broadcast their...

  • NEW YORK, Feb 11- Republican U.S. presidential candidate Donald Trump said on Thursday he has settled a $500 million lawsuit against Spanish-language television network Univision Communications Inc over its decision not to broadcast the Miss Universe and Miss USA pageants. Terms of the settlement were not disclosed. Trump, a billionaire real estate mogul...

  • NEW YORK— Donald Trump and Univision said Thursday they have resolved the lawsuit that the Republican presidential contender filed after the company decided last summer not to broadcast the Miss Universe and Miss USA pageants. The New York developer, making a promise to build a wall on the nation's Southern border, had said that Mexicans had sent some...

  • NEW YORK, Feb 10- Knoedler& Co, which before closing in 2011 was New York City's oldest art gallery, has agreed to settle a lawsuit over an $8.3 million sale of a fake Rothko painting, just as its ex-president was preparing to testify at trial. The deal, confirmed on Wednesday by lawyers in the case, resolved the remaining claims in a closely watched trial in Manhattan...

  • NEW YORK, Feb 10- Knoedler& Co, which before closing in 2011 was New York City's oldest art gallery, has agreed to settle a lawsuit over an $8.3 million sale of a fake Rothko painting, just as its ex-president was preparing to testify at trial. The deal, confirmed on Wednesday by Knoedler's lawyer, resolved the remaining claims in a closely watched trial in Manhattan...

  • RIO DE JANEIRO, Feb 10- A group of international investors and law firms are seeking compensation from Brazil's state-led oil company Petrobras under European law for losses allegedly suffered as the result of a giant price-fixing, bribery and political kickback scandal. SPCF believes it has a claim against Petrobras under European securities law because...

  • NEW YORK, Feb 9- Shareholders of the former GFI Group Inc may pursue a lawsuit accusing two top executives of fraudulently causing them to sell their stock prematurely as part of a plan to take the firm's main brokerage unit private, a federal judge ruled on Tuesday. District Judge William Pauley in Manhattan said former GFI Chairman Michael Gooch, former Chief...

  • Dennis Hamilton, a vice president of tax at Harman, was charged in a criminal complaint filed in New Haven, Connecticut, with securities fraud in connection with trades in the company's stock that prosecutors said netted him over $130,000. The U.S. Securities and Exchange Commission filed a related civil lawsuit over the non-public information that the agency...

  • Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the fourth U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win...

  • New Jersey sues VW over excess diesel emissions Friday, 5 Feb 2016 | 4:14 PM ET

    Feb 5- New Jersey on Friday filed a lawsuit against Volkswagen AG and its luxury units over the German automaker's excess diesel emissions, becoming the third U.S. state to take legal action. It faces a U.S. ban on selling 2016 diesel models and is holding talks with California, which issued a separate ban, and the U.S. Environmental Protection Agency to win approval...

  • Universal employee sues over lost job involving gun Thursday, 4 Feb 2016 | 5:41 PM ET

    ORLANDO, Fla.— A former worker is suing Universal Orlando, claiming he was illegally fired for having a gun in his car. Dean Kumanchik, a ride technician, filed the lawsuit in Orlando on Thursday. Universal spokesman Tom Schroder said Thursday that the company doesn't comment on pending litigation.

  • Silent Shkreli smirks in courtroom Thursday, 4 Feb 2016 | 11:01 AM ET
    Silent Shkreli smirks in courtroom

    While Martin Shkreli said little in court, his expressions and activity on Twitter spoke volumes. CNBC's Meg Tirrell reports, Henry Blodget of Business Insider joins the discussion.

  • Feb 3- Activist investor Sessa Capital LP said it had sued real estate investment trust Ashford Hospitality Prime Inc over the provision of a large termination fee if shareholders elect a majority of directors not approved by the incumbent directors. The lawsuit alleges that Ashford Hospitality's directors breached their fiduciary duties by inserting a...

  • NEW YORK, Feb 3- Deutsche Bank AG must face a U.S. lawsuit seeking to hold it liable for causing $3.1 billion of investor losses by failing to properly monitor 10 trusts backed by toxic residential mortgages, a federal judge ruled on Wednesday. District Judge Alison Nathan in Manhattan said Belgium's Royal Park Investments SA/ NV may pursue claims that the trustee...

  • NEW YORK, Feb 3- Retrophin Inc has agreed to pay $3 million to resolve a lawsuit by investors accusing the pharmaceutical company of failing to disclose transactions that benefited former Chief Executive Officer Martin Shkreli, who has since been indicted for securities fraud. The $3 million settlement equals 7 percent to 10 percent of the $26 million to $41...

  • NEW YORK, Feb 3- Retrophin Inc has agreed to pay $3 million to resolve a lawsuit by investors accusing the pharmaceutical company of failing to disclose various transactions that benefited former Chief Executive Officer Martin Shkreli, who has since been indicted for securities fraud. The $3 million settlement equals 7 percent to 10 percent of the $26 million...