Merrill Lynch & Co, now owned by Bank of America Corp , agreed to pay $75 million to settle a class-action lawsuit by employees who lost money investing in Merrill stock through their retirement plans.
Accounting giant KPMG was hit with a billion-dollar lawsuit on Wednesday over claims its grossly negligent audits helped trigger the collapse of a top subprime mortgage lender at the start of the U.S. housing crisis.
Accounting giant KPMG was hit with a billion-dollar lawsuit on Wednesday over claims its grossly negligent audits helped trigger the collapse of a top subprime mortgage lender at the start of the U.S. housing crisis.
Media Company Discovery Communications has filed a lawsuit against Amazon, claiming the Kindle infringes on a patent Discovery has for DRM on electronic book technology.
Apple has been sued by a mother in Cincinnati after her son's 16GB iPod exploded in his pocket, according to Apple Insider.
Not everyone is celebrating Slumdog Millionaire's Oscar nominations today.
Supermodel Naomi Campbell has reportedly settled the ongoing lawsuit with a former maid.
Dell Inc. said on Monday it will settle a lawsuit for $3.35 million with 45 states which claimed the computer misled PC buyers with financing terms, warranties and rebates.
Yahoo rejected a $40 per share offer from Microsoft in January 2007 and refused to negotiate in good faith, plaintiffs said in a shareholder lawsuit unsealed on Monday.
Satellite companies Dish Network Corp. and Echostar Corp filed a lawsuit on Friday against Tivo Inc asking a court to find that their new digital video recorder technology does not infringe upon Tivo's patents.
A New York judge said on Tuesday that Dell Inc. falsely advertised its promotional credit financing and warranty terms to customers.
Google claims that Viacom's $1 billion copyright infringement suit against the You Tube video service threatens legitimate communication across the Internet.
Merck & Co. said on Tuesday it agreed to pay $58 million to settle allegations that its ads for the once-popular painkiller Vioxx deceptively played down the health risks in 29 states, including the District of Columbia.
The Securities and Exchange Commission said on Monday that it had sued eight former executives of AOL Time Warner, alleging they had fraudulently inflated the company's online advertising revenues by more than $1 billion between 2000 and 2002.
Online classifieds leader Craigslist.com filed a countersuit on Tuesday against business rival eBay, accusing the company of using its minority stake in Craigslist to gain access to trade secrets.
Shares of Clear Channel Communications Inc. surged as much as 18 percent on media reports of settlement talks with six banks on a proposal to finance the radio and media company's buyout by Thomas H. Lee Partners and Bain Capital.
Amazon.com has filed a lawsuit against New York State's new law which forces online retailers to collect sales tax on shipments to state residents.
CNN is being sued on not just on one, but two continents. A Chinese primary school teacher and a beautician have filed a suit against CNN in New York over remarks they say insulted the Chinese people, in addition to the 14 lawyers who are trying to have their case heard in Beijing courts.
Apple and Sony reached an agreement on Monday to pay about 1.3 million yen ($12,903) to settle claims that a man was burned after an Apple computer caught fire, which allegedly was caused by a faulty Sony battery.
Tyco International reached a preliminary agreement on Friday to pay $250 million to settle lawsuits brought by holders of $3.7 billion of its debt.
Chinese information technology company Zhongyi Electronic Ltd. said on Friday it is suing software giant Microsoft, claiming it stole its Chinese character technology, a charge Microsoft disputes.
Former First Republic Bank shareholders sued Merrill Lynch & Co on Friday accusing the Wall Street investment bank and brokerage of hiding billions of dollars of losses related to subprime mortgages while the companies' merger was pending.