LAWSUIT

Goldman, CEO hit with investor lawsuit

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Goldman Sachs Group Inc and Chief Executive Lloyd Blankfein were hit with a shareholder lawsuit claiming they hid key details about a risky transaction that resulted in civil fraud charges and a plummet in its stock price.
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Government watchdog to probe SEC's Goldman lawsuit

A U.S. government watchdog will investigate the Securities and Exchange Commission's fraud lawsuit against Goldman Sachs Group Inc, the SEC's inspector general said on Friday, while two shareholders sued the bank over the fraud allegations.
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AIG lawsuit alleging missed red flags dismissed

A Manhattan federal judge dismissed a shareholder lawsuit accusing current and former American International Group Inc executives and directors of ignoring red flags, leading to the insurer's near collapse and about $180 billion of federal bailouts.
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Calif. lawsuit claims Toyota hid defect evidence

Southern California prosecutors filed the first U.S. consumer protection lawsuit against Toyota Motor Corp on Friday, claiming it had engaged in fraud by hiding evidence of dangerous vehicle defects.
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Toyota hit by California lawsuit

Toyota Motor Corp was hit by a planned lawsuit by California prosecutors on Friday over vehicle defects and by renewed political pressure to cooperate with investigators on cases of runaway cars.
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Madoffs agree to asset freeze in trustee lawsuit

The brother, sons and niece of imprisoned epic swindler Bernard Madoff have agreed to an asset freeze in a lawsuit brought by the trustee winding down the Madoff firm, court documents filed on Friday said.
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Jay-Z sues lender over loan for NYC property

Rap music artist, Jay-Z, on Wednesday sued an investment firm and a bank, accusing them of trying to bleed $3.7 million from him over a loan to help him build a hotel on Manhattan's west side.
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H&R Block settles nationwide IRA lawsuit

H&R Block Inc will pay as much as $20.2 million to settle a New York lawsuit accusing it of fraudulently marketing retirement accounts that caused hundreds of thousands of mostly lower-income clients to lose money.
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H&R Block settles nationwide IRA lawsuit: Cuomo

H&R Block Inc will pay as much as $20.2 million to settle a New York lawsuit accusing it of fraudulently marketing retirement accounts that caused hundreds of thousands of mostly lower-income clients to lose money.
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Mercer facing $2.8 billion lawsuit in Alaska: report

Mercer is facing a $2.8 billion lawsuit by the Alaska Retirement Management Board that alleges the human resources consulting firm made a number of errors in its work as the state's actuarial consultant, according to a New York Times column published on Sunday.
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Bank of America urges dismissing investor lawsuit

Bank of America Corp has asked a Manhattan federal court to dismiss an investor class-action lawsuit over its Merrill Lynch & Co purchase, including disclosures about Merrill's losses and bonus payouts.

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