March 2, 2016
Bond fund manager Bill Gross on Tuesday accused Pacific Investment Management Co. of falsely claiming he suddenly decided to abandon the firm he co-founded in an effort to win dismissal of his $200 million breach-of-contract lawsuit. In papers filed in …
February 16, 2016
Warren Buffett’s Berkshire Hathaway Inc. plans to webcast its annual meeting for the first time, allowing the largest U.S. shareholder gathering to reach a global audience through Yahoo Inc.’s finance page. Viewers will be able to watch Buffett, Berkshire’s 85-year-old …
February 8, 2016
Foreign sovereign wealth funds are not automatically immune from U.S. lawsuits claiming that they defrauded investors into buying securities in the United States by making misleading statements outside the country, the federal appeals court in Manhattan ruled. The 2nd U.S. …
February 2, 2016
Take-Two Interactive Software Inc. has been hit with a copyright infringement lawsuit over its depiction of tattoos belonging to National Basketball Association stars LeBron James and Kobe Bryant in a popular video game. In a complaint filed on Monday in …
January 29, 2016
Wal-Mart Stores Inc was ordered by a federal jury in New Hampshire to pay $31.22 million to a pharmacist who claimed she was fired because of her gender and in retaliation for complaining about safety conditions. The Concord, New Hampshire, …
January 4, 2016
A U.S. judge last Wednesday rejected General Motors Co.’s bid to dismiss the first so-called “bellwether” case over defective ignition switches in its vehicles, clearing the way for a Jan. 11 trial. U.S. District Judge Jesse Furman in Manhattan said …
December 30, 2015
A federal judge has certified two shareholder class actions accusing Facebook Inc. of hiding concerns about its growth forecasts prior to the social media company’s May 2012 initial public offering. U.S. District Judge Robert Sweet in Manhattan said retail and …
November 30, 2015
General Motors Co. and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in their vehicles, a Manhattan federal judge …
November 16, 2015
The Illinois Supreme Court on Nov. 4 threw out a $10.1 billion verdict against Philip Morris USA in a long-running lawsuit accusing the Altria Group Inc. unit of misleading smokers about the health risks of “light” cigarettes. By a 4-2 …
November 11, 2015
U.S. prosecutors on Tuesday unveiled criminal charges against three men accused of running a sprawling computer hacking and fraud scheme that included a huge attack against JPMorgan Chase & Co. and generated hundreds of millions of dollars of illegal profit. …