September 4, 2014
by Peter Snyder
A judge for the US District Court for the Eastern District of Louisiana ruled Wednesday that BP was grossly negligent and bears a majority of the blame for the 2010 Deepwater Horizon disaster. In his 153-page decision, Judge Carl Barbier determined that 67 percent of the blame for the disaster ...[read more]
September 3, 2014
by William Helbling
A judge for the US District Court for the Northern District of California on Tuesday approved a settlement between federal antitrust authorities and eBay over allegations that eBay agreed to not to poach employees from rival companies. Judge Edward Davila presided over the settlement between eBay ...[read more]
August 21, 2014
by William Hibbitts
The US Department of Justice (DOJ) on Thursday announced a $16.65 billion settlement with Bank of America (BOA) to settle claims that it sold precarious mortgage-backed securities to investors. Of the $16.65 billion, $9.65 billion will be split among federal and state entities while the remaining ...[read more]
August 19, 2014
by Kimberly Bennett
A judge for the US District Court for the District of Minnesota on Monday approved a settlement for $62.5 million between Wells Fargo & Co and large institutional clients who lost money in an investment program known as securities lending. US District Judge Donovan Frank also awarded attorneys ...[read more]
August 10, 2014
by Julie Deisher
A judge for the US District Court for the Northern District of California on Friday rejected a bid by Adobe Systems Inc., Apple, Google and Intel to settle ongoing antitrust litigation brought by employees in the technology industry. The corporations filed a motion in June requesting the leave of ...[read more]
August 7, 2014
by Kimberly Bennett
New York City on Wednesday formally dropped the city's appeal of rulings in lawsuits involving the New York Police Department's (NYPD) use of stop-and-frisk tactics. Mayor Bill De Blasio's administration agreed to end the lawsuit against the NYPD after reaching a settlement requiring three years ...[read more]
July 15, 2014
by Taylor Gillan
Citigroup, Inc. on Monday agreed to pay $7 billion to settle a federal inquiry into mortgage-backed securities sold by the bank prior to the country's financial crisis. The deal, which involves one of the largest cash penalties ever paid to settle such allegations, includes a $4 billion civil ...[read more]
June 18, 2014
by Addison Morris
Apple on Monday reached an out-of-court settlement with the US Department of Justice, among other parties, regarding a class action lawsuit that accused the electronics company of illegally participating in a e-book price-fixing scheme. The company was found to have violated the Sherman Act and ...[read more]
June 15, 2014
by Elizabeth LaForgia
Apple Inc. and Samsung Electronics Co. on Friday agreed to drop their appeals of a patent-infringement case at the US International Trade Commission (ITC) that resulted in an import ban on some older model Samsung phones. Samsung has been seeking to overturn the ban, while Apple was trying to ...[read more]
June 11, 2014
by Peter Snyder
The US Court of Appeals for the District of Columbia Circuit on Tuesday rejected Wells Fargo & Co's contention that the bank's participation, along with other national banks, in a $25 billion settlement with the US government over foreclosure abuses should bar claims bring in a separate civil ...[read more]

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