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Law Lawsuits

  • *To pay $110 mln to settle lawsuit over retail sales practices. March 28- Wells Fargo& Co said it agreed to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank's chief executive his job. The lawsuit dates from May 2015, sixteen months before Wells Fargo...

  • A Wells Fargo bank branch in Washington, D.C.

    Wells Fargo says it will pay $110 million to settle a class-action lawsuit over the accounts its employees opened for customers without their permission.

  • NEW YORK— Wells Fargo has agreed to pay $110 million to settle a class-action lawsuit over up to 2 million accounts its employees opened for customers without getting their permission, the bank announced Tuesday. It's the first private settlement that Wells has reached since the company paid $185 million to federal and California authorities late last year.

  • March 28- Wells Fargo& Co said it agreed in principle to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank's chief executive his job. That settlement with the U.S. Consumer Financial Protection Bureau and Los Angeles City Attorney Mike Feuer prompted...

  • March 28- Wells Fargo& Co said it agreed in principle to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank's chief executive his job. The bank said on Tuesday it expects the settlement to resolve claims in 11 other pending class actions.

  • March 28- Wells Fargo& Co said it agreed in principle to pay $110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank's chief executive his job. The bank said on Tuesday it expects the settlement to resolve claims in 11 other pending class actions.

  • WELLS FARGO ANNOUNCES AGREEMENT IN PRINCIPLE TO SETTLE CLASS ACTION LAWSUIT REGARDING RETAIL SALES PRACTICES.

  • Lingering Obamacare court cases are troubling insurers

    The defeat of the Republican health-care bill removes some uncertainty for insurers as they prepare to determine rates for 2018, but there are still unresolved legal issues.

  • March 28- A black production worker at Tesla Inc has filed a lawsuit claiming his job quickly turned from "a dream come true" to a nightmare when he was subjected to racial epithets and threats of violence from white coworkers. DeWitt Lambert says Tesla supervisors at the Fremont, California, factory where he has worked building electric cars since 2015 ignored...

  • March 27- Colombian airline Avianca countersued its No. 2 shareholder on Monday, escalating a battle over a plan by top shareholder Synergy Group Corp to forge an alliance with United Continental Holdings Inc.. Avianca's motion seeks to dismiss claims in a lawsuit filed by Kingsland Ltd in February and opposes Kingslands motion for an injunction filed...

  • An environmental cleanup company says it is disappointed by a ruling from New Jersey's highest court that the state isn't on the hook for part of an $80 million toxic waste cleanup along the Raritan Bay. New Jersey's Supreme Court has ruled the state isn't liable for part of an $80 million toxic waste cleanup along the Raritan Bay. A company designated in 2013 by...

  • March 27- Colombian airline Avianca countersued its No. 2 shareholder on Monday, escalating a battle over a plan by top shareholder Synergy Group Corp to forge an alliance with United Continental Holdings Inc.. Avianca's motion seeks to dismiss claims in a lawsuit filed by Kingsland Ltd earlier this month and opposes Kingslands motion for an injunction to...

  • ATLANTA— Georgia- based Arby's restaurant chain failed to prevent hackers from stealing customer information at hundreds of its stores, a Connecticut couple said in a new federal lawsuit. From late October through Jan. 19, "hundreds of thousands, if not millions, of credit and debit cards issued by financial institutions, including Plaintiff, were compromised...

  • Bill Gross settles lawsuit against Pimco: sources

    Bill Gross settles his lawsuit against Pimco, the company he co-founded, sources told CNBC.

  • NEW YORK, March 27- Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/ 2- year drama over the well-known bond investor's abrupt departure from one of the world's biggest asset managers. Gross, who now works for Denver- based Janus Capital Group Inc, left Pimco following negative...

  • WASHINGTON, March 27- The U.S. Supreme Court on Monday struggled over whether to upend nearly 30 years of law governing patent lawsuits that critics say allows often-baseless litigants to sue in friendly courts, giving them the upper hand over high-technology companies such as Apple Inc and Alphabet Inc's Google. The justices heard an hour of arguments in an...

  • NEW YORK, March 27- Bill Gross has reached a roughly $81 million settlement of his lawsuit against Pacific Investment Management Co, ending a bitter 2-1/ 2- year drama over the departure of the star bond investor from one of the world's biggest money managers. In his complaint filed in a California state court, Gross accused top Pimco executives including group...

  • NEW YORK, March 27- Star bond fund manager Bill Gross has reached a roughly $81 million settlement of his lawsuit accusing his former employer Pacific Investment Management Co of forcing him to resign so that his bonus could be divided among others. The settlement quietly ends what had been an acrimonious battle played out through the press, and then in Gross'...

  • WASHINGTON, March 27- The U.S. Supreme Court on Monday struggled over whether to upend nearly 30 years of law governing patent lawsuits that critics say allows often-baseless litigants to sue in friendly courts, giving them the upper hand over high-technology companies such as Apple Inc and Alphabet Inc's Google. The justices heard an hour of arguments in an...

  • NEW YORK, March 27- Pimco co-founder Bill Gross has settled his lawsuit against his former employer for just over $81 million, CNBC reported Monday, citing sources. Gross has filed for a request for dismissal of the suit, CNBC reported. Gross, who now runs the Janus Global Unconstrained Bond Fund for Janus Capital Group Inc, left Pimco in September 2014 amid negative...