August 19, 2014
by Kimberly Bennett
A judge for the US District Court for the District of Minnesota on Monday approved a settlement for $62.5 million between Wells Fargo & Co and large institutional clients who lost money in an investment program known as securities lending. US District Judge Donovan Frank also awarded attorneys ...[read more]
August 10, 2014
by Julie Deisher
A judge for the US District Court for the Northern District of California on Friday rejected a bid by Adobe Systems Inc., Apple, Google and Intel to settle ongoing antitrust litigation brought by employees in the technology industry. The corporations filed a motion in June requesting the leave of ...[read more]
August 7, 2014
by Kimberly Bennett
New York City on Wednesday formally dropped the city's appeal of rulings in lawsuits involving the New York Police Department's (NYPD) use of stop-and-frisk tactics. Mayor Bill De Blasio's administration agreed to end the lawsuit against the NYPD after reaching a settlement requiring three years ...[read more]
July 15, 2014
by Taylor Gillan
Citigroup, Inc. on Monday agreed to pay $7 billion to settle a federal inquiry into mortgage-backed securities sold by the bank prior to the country's financial crisis. The deal, which involves one of the largest cash penalties ever paid to settle such allegations, includes a $4 billion civil ...[read more]
June 18, 2014
by Addison Morris
Apple on Monday reached an out-of-court settlement with the US Department of Justice, among other parties, regarding a class action lawsuit that accused the electronics company of illegally participating in a e-book price-fixing scheme. The company was found to have violated the Sherman Act and ...[read more]
June 15, 2014
by Elizabeth LaForgia
Apple Inc. and Samsung Electronics Co. on Friday agreed to drop their appeals of a patent-infringement case at the US International Trade Commission (ITC) that resulted in an import ban on some older model Samsung phones. Samsung has been seeking to overturn the ban, while Apple was trying to ...[read more]
June 11, 2014
by Peter Snyder
The US Court of Appeals for the District of Columbia Circuit on Tuesday rejected Wells Fargo & Co's contention that the bank's participation, along with other national banks, in a $25 billion settlement with the US government over foreclosure abuses should bar claims bring in a separate civil ...[read more]
May 30, 2014
by Bradley McAllister
BP asked the US Supreme Court on Wednesday to stay a March ruling requiring the company to make massive settlement payments as a result of the 2010 Deepwater Horizon oil spill. BP contends that the US Court of Appeals for the Fifth Circuit decision to deny an injunction of the settlement agreement ...[read more]
May 23, 2014
by G. Redd
British Petroleum (BP) announced Wednesday that it will appeal a recent US Court of Appeals for the Fifth Circuit decision to the US Supreme Court. The March decision by the Fifth Circuit rejected BP's claim that payments to alleged oil spill victims claiming economic losses should be excluded ...[read more]
May 20, 2014
by Peter Snyder
Swiss bank Credit Suisse pleaded guilty Monday to a criminal charge for its role in helping Americans avoid taxes, according to a speech from US Attorney General Eric Holder. Credit Suisse will pay a $2.5 billion financial penalty to the Department of Justice (DOJ), the Internal Revenue Service ( ...[read more]

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