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Sprint not to face class-action lawsuit

A U.S. district judge ruled that Sprint Nextel Corp will not face a nationwide class-action lawsuit that claims the No. 3 U.S. mobile company overcharged customers for taxes and refused refunds, court documents show.

Greenberg testifies in trial of AIG lawsuit

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Maurice Hank Greenberg, former chief executive of insurer AIG, avoided direct answers in court testimony on Tuesday about a large block of AIG stock given decades ago to a private company he runs.

Microsoft files lawsuit over click fraud

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Microsoft Corp filed a lawsuit against three individuals believed to be based in Vancouver, accusing them of a form of click fraud by improperly using Microsoft's online advertising service for profit, court documents show.
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KPMG hit with lawsuit over New Century collapse

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.
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Auditor KPMG hit with billion-dollar U.S. lawsuit

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.
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Merck to Pay $58 Mil to Settle Vioxx Advertising Case

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.
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Former AOL Executives Sued Over Inflated Revenue

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.
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Craigslist Fires Back at eBay With Lawsuit

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.
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Clear Channel Soars on Potential Buyout Settlement

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.
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CNN Faces $1.3 Bln Lawsuit - $1 per person in China

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.
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Apple, Sony Pay Japanese Customers Over Battery Fire

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.
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Ex-First Republic investors sue Merrill Lynch

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.

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