LOS ANGELES Media mogul Sumner Redstone never set foot in the Los Angeles courtroom where his mental competency was on trial in recent days. But the 92-year-old billionaire had the final word on Monday when Judge David Cowan, citing blunt videotaped testimony ... More »
The online marketplace Groupon Inc has sued IBM Corp, accusing it of infringing a patent related to technology that helps businesses solicit customers based on the customers’ locations at a given moment. Groupon filed its lawsuit on Monday with the federal cou... More »
(Note language in third paragraph. Rewrites with further quotes from court, background on Viacom) By Lisa Richwine LOS ANGELES A judge called Sumner Redstone’s deposition “strong evidence” that the media mogul knew what he was doing when he ejected an ex-girlf... More »
SAO PAULO Oi SA (OIBR3.SA) will start talks to restructure $14.3 billion of bonds as early as Monday, sources familiar with the situation said, pitting some of the world’s biggest investors against each other as Brazil’s most-indebted phone carrier fights for ... More »
NEW YORK Argentina’s celebrated $16.5 billion return to international capital markets last week was the final mile of a tortured 14-year path from historic default through the U.S. court system. Along the way, the saga included a death threat against a judge, ... More »
NEW YORK A New York lawyer was sentenced on Thursday to six months in prison for participating in a fraudulent scheme in which a con man impersonated his successful father in order to raise money to buy Maxim magazine. Harvey Newkirk, 40, was sentenced by U.S.... More »
The movie “Barbershop: The Next Cut” may open on Friday, a Manhattan judge ruled on Thursday as he denied an injunction sought by a New York playwright to block the fourth of a series of comedies that he claims ripped off his stage play “Scissors.” Ronald Dick... More »
Former U.S. House Speaker Dennis Hastert’s lawyers declined on Saturday to directly address sexual abuse allegations from federal prosecutors, who asserted that he molested at least four boys decades ago when he served as a high school wrestling coach. Hastert... More »
Former U.S. House Speaker Dennis Hastert, convicted last year of a financial crime in a hush-money case, had agreed to pay $3.5 million to buy the silence of an individual who he sexually abused when the victim was a teenager, federal prosecutors said on Frida... More »
The U.S. Justice Department on Friday said it would keep fighting to force Apple Inc to open an iPhone in a New York drug case, continuing its controversial effort to require Apple and other tech companies to help law enforcement authorities circumvent encrypt... More »
Lawyers for Viacom Inc Chairman Emeritus Sumner Redstone are in talks to settle a lawsuit challenging the 92-year-old media mogul’s mental competency, people familiar with the situation said on Tuesday. Depositions of Viacom Chief Executive Officer Philippe Da... More »
SAN JOSE, Calif.,/NEW YORK A federal jury on Thursday ordered Gilead Sciences Inc (GILD.O) to pay Merck & Co (MRK.N) $200 million in damages for infringing two Merck patents related to a lucrative cure for hepatitis C. The damages award is far less than the $2... More »
WILMINGTON, Del A U.S. Appeals Court has ruled that creditors of the Tribune Co cannot claw back the $8 billion paid to the multimedia company’s public shareholders nearly a decade ago in a buyout that was blamed for its bankruptcy. The ruling stems from the s... More »
ZURICH Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam received 18.9 million Swiss francs ($19.4 million) from the Swiss bank in 2015 even after he asked to have his bonus cut by 40 percent, according to its annual report published on Thursday. Thiam, who... More »
WASHINGTON A federal judge on Wednesday dismissed a lawsuit against Republican presidential front-runner Donald Trump’s modeling agency, saying there was insufficient evidence a foreign-born model had been misled or was owed back pay. U.S. District Judge Anali... More »
WORCESTER, Mass. Lawyers representing Bill Cosby and seven women who have accused the comedian of sexual assault are open to settling a defamation lawsuit, they told a federal judge in Massachusetts on Wednesday. Cosby, 78, had previously rejected an offer to ... More »
LONDON Britain’s Supreme Court has rejected an attempt by Trinity Mirror to reduce the amount of compensation it must pay eight people who had their phones hacked by staff working for the newspaper group. Trinity, which publishes the Daily Mirror tabloid, had ... More »
LOS ANGELES A Los Angeles judge tentatively ruled on Friday that certain documents can be made public in a lawsuit that challenges the mental competency of 92-year-old media mogul Sumner Redstone. Medical records will remain sealed to protect Redstone’s privac... More »
MOSCOW The Moscow Arbitration court on Monday rejected an appeal from Google and upheld a ruling that the U.S. firm broke anti-monopoly laws by abusing its dominant position with its Android mobile platform, Russia’s competition watchdog said. FAS, the watchdo... More »
NEW YORK People suing General Motors Co (GM.N) over a faulty ignition switch will get two chances in a Manhattan court this week to argue that the U.S. automaker should be held accountable for injuries, deaths and lost vehicle value. Jury selection starts on M... More »
FRANKFURT A former employee of Volkswagen’s (VOWG_p.DE) U.S. subsidiary is suing the company for damages, claiming he was unlawfully fired after flagging internally what he alleged was illegal deletion of data, a group of German media outlets said on Sunday. T... More »
NEW YORK A former JPMorgan Chase & Co investment adviser was sentenced to five years in prison on Tuesday after admitting that he stole at least $20 million from client accounts to fund a gambling addiction and to trade in stock options. Michael Oppenheim, 49,... More »
A U.S. appeals court on Friday overturned a $120 million jury verdict against Samsung, finally handing the South Korean smartphone maker a significant win in its longstanding patent feud with top rival Apple. The U.S. Court of Appeals for the Federal Circuit i... More »
NEW YORK A federal judge has dismissed nearly all of a lawsuit against Bank of America Corp (BAC.N) and US Bancorp (USB.N) that held them liable for losses on roughly $6.8 billion in toxic mortgage securities that helped sink five federal credit unions. In a d... More »
Walt Disney Co’s ESPN sports network and Verizon Communications Inc have made progress in their talks to settle a legal dispute over a TV package that lets customers choose bundles of channels, according to a court filing on Wednesday. The companies asked New ... More »
NASHVILLE, Tenn. Attorneys for sportscaster Erin Andrews said on Tuesday a Marriott hotel was negligent in enabling a guest to shoot a nude video of her that went viral on the Internet, while the Tennessee hotel put the blame entirely on the stalker. Andrews, ... More »
Johnson & Johnson (JNJ.N) was ordered by a Missouri state jury to pay $72 million of damages to the family of a woman whose death from ovarian cancer was linked to her use of the company’s talc-based Baby Powder and Shower to Shower for several decades. In a v... More »
Prosecutors took unusual steps in enlisting victims of the San Bernardino attack in the government’s heated battle with Apple Inc(AAPL.O) over access to an iPhone belonging to one of the shooters, according to people involved in the effort and legal experts. F... More »
The former JPMorgan Chase & Co trader who became known as the “London Whale” as his unit generated $6.2 billion of trading losses in 2012 said he is not to blame for the scandal and was made a scapegoat for decisions made by his superiors. In a roughly 2,100-w... More »
LOS ANGELES Media mogul Sumner Redstone was under “undue influence” from people around him when he replaced his designated healthcare agent last fall, his ex-girlfriend argued on Thursday in her lawsuit challenging the elderly billionaire’s mental competence. ... More »
FRANKFURT Volkswagen will offer generous compensation packages to the roughly 600,000 U.S. owners of diesel vehicles whose emissions are over the legal limit, the head of its claims fund told a German paper. The German car maker has still not decided whether v... More »
HELSINKI Finland’s Nokia on Monday settled its patent dispute with South Korea’s Samsung, saying the arbitration verdict would boost its patent sales by hundreds of millions of euros. Nokia said the settlement would lift sales at its patent unit Nokia Technolo... More »
WASHINGTON Barclays (BARC.L) and Credit Suisse (CSGN.VX) have settled federal and state charges that they misled investors in their dark pools, with Barclays admitting it broke the law and agreeing to pay $70 million, federal and New York state officials said ... More »
Doctors Stephen Read and James Spar are collaborators on a chapter of a forthcoming psychiatry textbook, colleagues at UCLA’s medical school and go-to court experts on the evaluation of mental fitness in the elderly. In the 2014 fight over whether owner Donald... More »
A federal appeals court on Friday set back Bank of New York Mellon Corp’s effort to recoup $312 million it lent to Sentinel Management Group Inc, a money manager that collapsed in 2007 and whose former chief is now in prison for fraud. The 7th U.S. Circuit Cou... More »
NEW YORK A group of street artists say a church led by a pastor to celebrities like hip hop mogul Kanye West used their artwork from a Miami public school in an advertising campaign without their permission, according to a lawsuit. In a copyright infringement ... More »
NEW YORK A rare crested macaque that took a now internationally famous “selfie” cannot own the copyright to the photograph because he is not human, a U.S. judge ruled in a suit brought by animal rights group PETA on behalf of the monkey. People for the Ethical... More »
NEW YORK Viacom Inc (VIAB.O) was sued by a former vice president who said the media company fired her in retaliation for opposing its alleged plan to illegally avoid paying U.S. taxes on the international licensing rights for Teenage Mutant Ninja Turtles. In a... More »
STOCKHOLM Swedish telecom equipment maker Ericsson (ERICb.ST) on Monday said it has signed a patent license agreement with Apple Inc (AAPL.O) but did not specify how much it would earn from the deal. Ericsson estimated however that its overall revenues from in... More »
Two men including an oil equipment supply firm executive have been arrested on charges related to an alleged scheme to corruptly secure energy contracts from Venezuela’s state-owned energy company, the U.S. Justice Department said Sunday. Roberto Rincon, the p... More »
SAN FRANCISCO The U.S. Department of Justice is pursuing a criminal investigation of a May 2014 data breach at ride service Uber [UBER.UL], including an examination of whether any employees at competitor Lyft were involved in the episode, sources familiar with... More »
NEW YORK Former Adelphia Communications Corp CEO John Rigas, who is serving a 12-year sentence for his role in a fraud that led to the cable company’s collapse, is seeking release from prison due to his “precipitously deteriorating health.” Lawyers for Rigas, ... More »
TOKYO Fifty individual shareholders of Toshiba Corp sued the Japanese conglomerate in Tokyo on Monday, seeking 301.99 million yen ($2.45 million) in damages after the firm’s stock plunged in the wake of a multi-billion dollar accounting scandal. The lawsuit ag... More »
Univision has asked a U.S. federal court to throw out a $500 million lawsuit filed by presidential candidate Donald Trump for the Spanish-language television network’s decision to end its contract to broadcast the Miss USA beauty pageant, which is owned in par... More »
NEW YORK The trustee liquidating Bernard Madoff’s firm on Friday began distributing another $1.19 billion to victims of the swindler’s Ponzi scheme. Irving Picard, the trustee, said the payout will boost distributions to more than $9.16 billion. Next week mark... More »
NEW YORK Gucci, Yves Saint Laurent and other luxury brands suing Alibaba Group Holding Ltd for promoting the sale of counterfeit goods will resort to mediation, backing away from a threat to withdraw from the process after Alibaba founder Jack Ma said that he ... More »
NEW YORK Bank of America Corp has reached a $335 million settlement of a federal lawsuit accusing it of misleading shareholders about its exposure to risky mortgage securities and its dependence on an electronic mortgage registry known as MERS. The second-larg... More »
KRAKOW, Poland Oscar-winning film-maker Roman Polanski said on Friday he was grateful and relieved after a Polish court rejected a U.S. request for his extradition over a 1977 child sex conviction. The case of the Polish-born Polanski, now 82, remains an inter... More »
FRANKFURT Taxi-hailing service Uber Technologies is making a retreat in Germany to the cities of Berlin and Munich as it grapples with a ban from using unlicensed cab drivers. Uber will for now suspend services in Hamburg, Frankfurt and Duesseldorf, it said in... More »
A U.S. jury on Friday ordered Apple Inc (AAPL.O) to pay the University of Wisconsin-Madison’s patent licensing arm more than $234 million in damages for incorporating its microchip technology into some of the company’s iPhones and iPads without permission. The... More »
Cablevision Systems Inc and Viacom Inc have settled an antitrust lawsuit in which Cablevision had accused Viacom of forcing distributors and subscribers to buy channels they did not want. Cablevision and Viacom are simultaneously entering into “mutually benefi... More »
NEW YORK Two former Rabobank [RABO.UL] traders from Britain are set to become the first defendants to face trial in the United States on charges stemming from a global investigation into whether various banks sought to manipulate the interest rate known as Lib... More »
BOSTON Vanguard Group Inc could be forced to raise its fees to cover new tax payments, possibly undercutting a low-cost advantage that has made the company the dominate player in the U.S. mutual fund industry, a tax expert for a plaintiff in a lawsuit said on ... More »
NEW YORK Chemical giant DuPont Monday will face the first trial in litigation from residents near one of its plants in West Virginia who have accused the company of sickening them by emitting a toxic chemical that leaked into their drinking water. Carla Marie ... More »
LYON/PARIS, France (This 10 September, 2015 story was refiled to changes the headline, first paragraph to show Monsanto liable, not “guilty”, in the civil court ruling) A French court upheld on Thursday a 2012 ruling in which Monsanto was found to be liable in... More »
NEW YORK A Latvian man pleaded guilty on Friday to engaging in a scheme to transmit a computer virus that infected more than a million computers worldwide and caused tens of millions of dollars in losses. Deniss Calovskis, 30, pleaded guilty in federal court i... More »
ORLANDO, Fla. Two contractors hired to manage NASA’s vehicle fleet at the Kennedy Space Center defrauded the agency of at least $387,000 for unnecessary tire replacements, according to a lawsuit filed Wednesday by federal prosecutors in Florida. The complaint ... More »
NEW YORK Microsoft Corp avoided a potentially costly setback to its mobile phone business on Friday as the U.S. International Trade Commission declined to block the import of its devices in a longstanding patent dispute. The decision rejected a ruling in April... More »
Infidelity website Ashley Madison and its parent company have been sued in federal court in California by a man who claims that the companies failed to adequately protect clients’ personal and financial information from theft, saying he suffered emotional dist... More »
MUMBAI/ NEW DELHI The Indian government has filed a lawsuit against Swiss food firm Nestle’s Indian unit, seeking 6.4 billion rupees ($99 million) in damages on behalf of consumers after the country’s worst packaged food scare in a decade. Nestle, the first fo... More »
NEW YORK A group of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before their public release... More »
Credit Suisse Group AG (CSGN.VX) is in talks to settle allegations related to its Crossfinder “dark pool” trading venue, which could result in a fine running in the high tens of millions of dollars, the Wall Street Journal reported, citing people familiar with... More »
NEW YORK A group of mainly U.S.-based stock traders and computer hackers in Ukraine made as much as $100 million in illegal profits over five years by conspiring to use information stolen from thousands of corporate press statements before their public release... More »
NEW YORK A U.S. criminal investigation into allegations that China’s ZTE Corp for sold banned U.S. computer products to Iran has spilled into a civil dispute with a New York-based patent licensing firm, as ZTE has refused to make one of its top executives avai... More »
NEW YORK A U.S. judge has ordered Cablevision Systems Corp to stop running advertisements accusing rival Verizon Communications Inc of lying about having the fastest wireless network. The ruling on Monday by U.S. Magistrate Judge Gary Brown in Central Islip, N... More »
NEW YORK A case in which pop star Shakira’s 2010 hit single “Loca” was found to be an illegal copy of a Dominican songwriter’s work came crashing down on Monday when a U.S. judge said the songwriter had lied to the court and the cassette tape on which his clai... More »
NEW YORK A U.S. judge ruled on Thursday that online television service FilmOn X LLC should be treated like a traditional cable system in order to transmit the programs of the nation’s broadcasters over the Internet. The ruling, coming as consumer TV-watching h... More »
