Citigroup Settles Securities Lawsuit for $590M August 30, 2012 By Jonathan Stempel Citigroup Inc. agreed to pay $590 million to settle a shareholder lawsuit accusing it of hiding tens of billions of...
Goldman Execs Win Dismissal of Mortgage, TARP Lawsuit by Shareholders August 15, 2012 By Jonathan Stempel Goldman Sachs Group Inc. Chief Executive Lloyd Blankfein and other bank officials won the dismissal of a shareholder lawsuit accusing...
UK Bank May Have Hidden $250 Billion in Iran Deals; May Lose U.S. License August 7, 2012 By Carrick Mollenkamp and Jonathan Stempel New York’s top bank regulator threatened to strip Standard Chartered Plc of its state banking license, saying the British bank...
Judge Rules Stanford’s U.S. Receiver to Keep Control of Ponzi Scheme Case August 1, 2012 By Jonathan Stempel Allen Stanford’s U.S. court-appointed receiver may keep control of the process to collect and distribute the convicted Ponzi schemer’s assets...
Apple Claims $2.5 Billion Damages in Samsung Patent Case July 25, 2012 By Jonathan Stempel Apple Inc. claims it is entitled to $2.525 billion of damages in its high-stakes battle against Samsung Electronics Co over...
Court Revives Employee Lawsuit Over Racist Receipt June 11, 2012 By Jonathan Stempel A shoe store clerk who was fired after inadvertently giving a receipt containing a racial slur to a black customer...
Ex-General Re, AIG Execs May Settle Criminal Case May 29, 2012 By Jonathan Stempel Four former executives at Berkshire Hathaway Inc.’s General Re Corp. and one at American International Group Inc. are in talks...
Gucci Wins Fraction of Damages Sought in Trademark Claim Against Guess May 22, 2012 By Jonathan Stempel A U.S. judge said Gucci may recover just $4.66 million in its lawsuit accusing apparel retailer Guess Inc. of copying...
Judge Denies Delay of BofA Directors’ $20 Million Settlement Over Merrill May 15, 2012 By Jonathan Stempel A U.S. federal judge in New York on Monday refused to delay the approval process for a controversial $20 million...
AIG Ex-CEO Greenberg Fights Ruling on Reinsurance Fraud Charges May 15, 2012 By Jonathan Stempel Former American International Group Inc. Chief Executive Maurice “Hank” Greenberg said New York’s attorney general should be barred from invoking...