Bank of America Corp. employees could face civil fraud charges as part of a federal lawsuit accusing the bank of causing taxpayers more than $1 billion in losses by selling toxic mortgage loans to Fannie Mae and Freddie Mac, a …
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 …
Reebok International Ltd. agreed to settle a lawsuit by rival Nike Inc. and will stop selling New York Jets football apparel with the name of the team’s popular new quarterback, Tim Tebow. According to settlement papers made public on Tuesday, …
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 …
A federal judge blocked Citigroup Inc.’s proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements. U.S. District Judge Jed Rakoff in Manhattan said the U.S. …
A federal judge angrily threw out Citigroup Inc.’s proposed $285 million settlement over the sale of toxic mortgage debt, excoriating the top U.S. market regulator over how it reaches corporate fraud settlements. U.S. District Judge Jed Rakoff in Manhattan said …
A federal judge threw out most of a $19.9 billion lawsuit against JPMorgan Chase & Co and a $2 billion case against UBS AG by the trustee seeking money for victims of epic swindler Bernard Madoff’s fraud. The decision by …
