American International Group Inc. may pursue a lawsuit accusing Bank of America Corp.’s Countrywide unit of causing billions of dollars of losses by fraudulently inducing it to buy risky residential mortgage-backed securities. U.S. District Judge Mariana Pfaelzer in Los Angeles …
A federal judge has thrown out Viacom Inc.’s lawsuit accusing Google Inc. of posting its programs on YouTube without permission, a year after a federal appeals court had revived the landmark copyright infringement case. For the second time in three …
The United States last Thursday sued a New York mortgage company it said defrauded the federal government into insuring poor quality home loans, costing taxpayers millions of dollars. In a civil lawsuit filed in Manhattan federal court, the U.S. Department …
The administrator of BP Plc’s settlement with thousands of people and businesses who sued over the 2010 Gulf of Mexico oil spill urged a federal judge on Monday to end the company’s lawsuit over how he determines damages claims. BP …
The U.S. Supreme Court on Wednesday ruled in favor of Comcast Corp. in an antitrust case over how much it charged cable TV subscribers, further curtailing the ability of people to pursue class action lawsuits. In a 5-4 decision, the …
A U.S. federal appeals court on Friday threw out a class action lawsuit against JPMorgan Chase & Co., making it easier for companies that clear trades to avoid being accountable to investors who are defrauded by their brokerages. The 2nd …
Maurice “Hank” Greenberg, the former American International Group Inc. chief executive, has more than doubled the size of his class action lawsuit against the United States over the insurer’s bailout to roughly $55.5 billion from $25 billion. In an amended …
Two groups of American International Group Inc. shareholders won class-action status from a federal judge on Monday in a $25 billion lawsuit by former Chief Executive Maurice “Hank” Greenberg over alleged losses caused by the U.S. government’s bailout of the …
Barely two weeks after the big subprime lender New Century Financial Corp. went bankrupt, a top Standard & Poor’s executive assured Congress that her employer could be counted on to sound the alarm for the next credit disaster. S&P ratings …
Investors who said they lost money in Bernard Madoff’s fraud may not pursue a lawsuit against the U.S. Securities and Exchange Commission for missing the swindler’s Ponzi scheme, a federal appeals court said on Monday. The 9th U.S. Circuit Court …
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