American International Group Inc. has sued the co-founder and former chief executive of its aircraft-leasing unit, Steven Udvar-Hazy, accusing him and other former employees of stealing several thousand electronic files containing trade secrets. The civil lawsuit by AIG, the insurer …
A U.S. appeals court was asked on Friday to decide whether Goldman Sachs Group Inc. and TCW Asset Management Co. should have foreseen the housing market implosion that caused a $37 million loss for German state-owned Landesbank Baden-Wurttemberg. A three-judge …
Nike Inc. is accusing Reebok of trying to score an illegal Tim Tebow marketing touchdown. Nike sued its rival in U.S. District Court, saying that Reebok used the popular NFL quarterback’s name and number on New York Jets iconic green …
Facebook Inc. released emails by founder Mark Zuckerberg from his days at Harvard University to bolster its arguments that a wood-pellet salesman who sued for a 50 percent stake in the social media company lied and forged documents. Facebook’s lawyers …
Legal wrangling over the proposed $8.5 billion settlement of some of Bank of America Corp.’s mortgage-backed securities liability could drag through the courts for years, a top appeals court judge said during arguments in the case. The 2nd U.S. Court …
In a copyright infringement case at the heart of media company battles to win Internet viewers, an appeals court grappled on Tuesday over whether to revive Viacom Inc.’s landmark $1 billion lawsuit against Google Inc.’s YouTube. Media conglomerate Viacom , …
Michael Lewis, best-selling author of “The Big Short” about the mortgage meltdown, has been sued for defamation by an asset manager featured in the book. Other targets in the lawsuit are Lewis’ publisher and prominent hedge fund manager Steven Eisman …
Accounting firm Ernst & Young was sued by New York prosecutors over allegations it helped to hide Lehman Brothers’ financial problems, in the first major government legal action stemming from the Wall Street company’s 2008 downfall. The civil fraud case …
New York state prosecutors have “a devastating case” against Maurice “Hank” Greenberg, the former American International Group Inc. chief executive accused of fraud over a reinsurance transaction 10 years ago, the presiding judge said in court Tuesday. After four hours …
In a victory for ratings agencies, a U.S. judge Tuesday dismissed claims against Moody’s Corp. and McGraw-Hill’s Standard & Poor’s in litigation over nearly $100 billion of Lehman Brothers Holdings Inc. mortgage-backed securities. Investors had accused the agencies of serving …
