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Law Lawsuits

  • NEW YORK, March 23- PricewaterhouseCoopers LLP has settled a $3 billion lawsuit in which the bankruptcy administrator of MF Global Holdings Ltd accused the auditor of malpractice that led to the collapse of the brokerage run by former New Jersey governor Jon Corzine. Terms were not disclosed, but the case was "settled to the mutual satisfaction of the parties,"...

  • MF Global, PWC settle lawsuit

    Bankrupt MF Global and auditor PriceWaterhouse Coopers have settled their malpractice case, reports "Squawk Box's" Becky Quick.

  • WASHINGTON— President Donald Trump is taking credit for persuading TransCanada Corp. to withdraw a hefty lawsuit against the U.S. government over the previous administration's rejection of the Keystone XL pipeline. TRUMP: The president said he talked Tuesday morning with his chief economic adviser, Gary Cohn, and asked him about the TransCanada dispute.

  • In a 3-0 decision, the 3rd U.S. Circuit Court of Appeals in Philadelphia said the plaintiffs may proceed to trial on their failure-to-warn claims, and a lower court judge erred in finding the claims pre-empted by federal law. The Kenilworth, New Jersey- based company changed the label four months after an outside task force hired by the U.S. Food and Drug...

  • March 22- The U.S. Supreme Court on Wednesday ruled that basic elements in cheerleader uniform designs merit copyright protection, handing a victory to the top American maker of the garments in a decision with serious implications for the fashion industry. The justices ruled 6-2 to uphold a lower court's 2015 ruling allowing a lawsuit by Varsity Brands Inc, the...

  • March 21- A U.S. Supreme Court ruling on Tuesday in a lawsuit over adult diapers will make it more difficult for companies accused of patent infringement to shoot down lawsuits because the plaintiffs waited too long to bring them. In a 7-1 decision, the justices said SCA Hygiene Products AB, based in Stockholm, did not unreasonably delay in filing a lawsuit...

  • NEW YORK, March 21- A federal judge on Tuesday said investors seeking to hold Deutsche Bank AG liable for causing $3.1 billion of losses by failing to properly monitor 10 trusts backed by toxic residential mortgages cannot pursue their claims as a group. District Judge Alison Nathan in Manhattan said Belgium's Royal Park Investments SA/ NV failed to show it was...

  • DALLAS— Neiman Marcus Group Ltd. has agreed to pay $1.6 million to settle a class-action lawsuit over a 2013 security breach that exposed the credit and debit card data of about 350,000 shoppers. Court documents show the Dallas- based luxury retailer filed the settlement agreement Friday seeking approval from a federal judge in Chicago, where the lawsuit was...

  • March 21- Walt Disney Co was sued on Tuesday by a longtime Hollywood screenwriter and producer who accused the studio of copying its blockbuster, Oscar-winning animated film "Zootopia" from his work without permission. Gary Goldman, whose credits include the Arnold Schwarzenegger film "Total Recall" and Tom Cruise film "Minority Report," filed his copyright...

  • BOSTON, March 21- Sanofi SA and Regeneron Pharmaceuticals Inc have filed a lawsuit seeking a court order declaring that their eczema drug Dupixent, awaiting a U.S. approval decision, does not infringe an Amgen Inc patent for a failed asthma treatment. The lawsuit, filed in federal court in Boston on Monday, was intended to preempt one expected to be brought by Amgen,...

  • BOSTON, March 21- Sanofi SA and Regeneron Pharmaceuticals Inc filed a lawsuit seeking a court order declaring that their eczema drug Dupixent, awaiting a U.S. approval decision, does not infringe an Amgen Inc patent for a failed asthma treatment. Sanofi and Regeneron argue they have spent hundreds of millions of dollars developing Dupixent, which earned...

  • WASHINGTON— The Supreme Court suggested Tuesday that it is sympathetic to Microsoft Corp. in a dispute with disgruntled owners of the Xbox 360 video-game system who sued saying the console has a design defect that scratches game discs. The justices heard arguments Tuesday in a case that involves the Xbox 360 owners' attempts to get class action status for...

  • TRENTON, N.J.— A lawsuit claims that a New Jersey- based auto dealer that specializes in high-end used cars sold customers warranties that did not exist and pocketed the thousands of dollars customers paid for them. Lawyer Susan Chana Lask says her clients are seeking more than $5 million from Richard Catena Auto Wholesalers. The lawsuit was filed March 10 in...

  • March 17- The U.S. Justice Department has disclosed an investigation into four health insurers after a lawsuit accused them of defrauding Medicare by claiming patients were treated for conditions they did not have or received no treatment for. The probe of Health Net Inc, Aetna Inc, Cigna Corp's Bravo Health Inc and Humana Inc was revealed in papers filed on...

  • March 17- The U.S. Justice Department disclosed it is investigating four health insurers after a lawsuit accused them of defrauding Medicare by claiming patients were treated for conditions they either did not have or received no treatment for. The Justice Department revealed the probe of Health Net Inc, Aetna Inc, Cigna Corp's Bravo Health Inc and Humana Inc...

  • The settlement ended a legal case that challenged the independent contractor status of the ride-hailing service's drivers.

  • The Maebashi district court ordered the national government and Tokyo Electric Power Co. to pay damages ranging from 70,000 yen to 3.5 million yen to 62 plaintiffs, or 38 million yen altogether, in addition to the compensation TEPCO has already paid them. The court said the disaster was preventable and that TEPCO ignored safety steps despite knowing of the...

  • SAN FRANCISCO, March 16- A U.S. judge gave final approval on Thursday to a settlement agreement in a class-action lawsuit against Lyft Inc, ending a legal case that challenged the independent contractor status of the ride-hailing service's drivers. District Judge Vince Chhabria in San Francisco gave his final approval to the $27 million settlement, after...

  • Oakhurst Dairy trucks are lined up in Portland, Maine.

    Omitting a serial comma has landed a family-owned dairy farm in a costly legal conundrum, New York Times reports.

  • ST. LOUIS, March 16- Peabody Energy Corp, the world's largest private sector coal miner, struck a series of last-minute deals with some opponents of its plan to exit an $8 billion Chapter 11 bankruptcy, lawyers said in court on Thursday. The investors will drop a lawsuit against Peabody and other parties involved in the bankruptcy following a deal reached late...