Court: U.S. Can Pursue Case Against BofA Over Mortgages
A federal judge rules that the U.S. can pursue parts of a civil lawsuit against Bank of America for its sale of toxic mortgages to Fannie Mae and Freddie Mac.
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Airlines' Merger in Holding Pattern as Judge Weighs Severance
A federal bankruptcy judge defers giving his blessing to the merger of US Airways and American Airlines, as he weighs outgoing American CEO Tom Horton's severance package.
Hermes Families Fend Off Louis Vuitton Bid
French fashion house Hermes is refusing to be bagged by Louis Vuitton Moet Hennessy. On Thursday, a French court of appeals confirmed a January decision that will allow the descendants of Thierry Hermes to form a holding company to keep a majority of shares in family hands.
Buffett's Blind Spot: David Sokol's Unethical History
David Sokol, once considered a likely successor to Warren Buffett as CEO of Berkshire Hathaway, resigned this week from Berkshire under a cloud of possible insider trading charges. But these recent ethical lapses are hardly the worst of Sokol's business transgressions.
Why a New York Judge Is Throwing Out Foreclosure Cases
On Oct. 20, New York courts ordered attorneys for foreclosing banks to swear they'd personally confirmed that their documents are true and accurate. But a Brooklyn judge has taken things a step further. Since the banks aren't complying, he has started throwing out foreclosure cases.
Big Banks to New Jersey: Stop Bugging Us About Foreclosures
When the state tightened its foreclosure rules in response to the document crisis, it ordered the six largest servicers to explain why they should be allowed to continue foreclosing on homes. In effect, their response went something like this: "Trust us, everything's fine now."
Court Rejects Toyota's Bid to Have Acceleration Lawsuits Thrown Out
A U.S. District Court judge will not dismiss allegations against Toyota for problems related to sudden unintended acceleration in certain car models, as the automaker had hoped.
Toyota Asks Court to Toss Unintended Acceleration Lawsuits
Toyota is asking a federal court in California to dismiss lawsuits claiming that electronics -- not floor mats or sticky gas pedals -- are the cause of unintended acceleration in its vehicles, saying plaintiffs have not proved there's a design defect in the vehicles' electronic systems.
Toyota Wants Lawsuits Thrown Out
Toyota has asked a federal court to dismiss lawsuits seeking damages related to the recall of millions of vehicles for possible unintended acceleration. The automaker has a simple argument: No one has ever demonstrated what is wrong with Toyota's cars, if anything.
Daimler Wins $324 Million Appeal in Chrysler Deal Suit
German automaker Daimler has won its appeal of a court ruling that would have required the German automaker to pay $324 million to former Daimler-Benz shareholders who claimed they weren't adequately compensated in the $36 billion merger that created DaimlerChrysler.
Facebook CEO: 'We' Did Not Sign Contract
Facebook founder Mark Zuckerberg on Wednesday dismissed the notion that he, or more precisely "we," ever signed a contract that could ultimately give ownership of his social networking company to New York businessman Paul Ceglia.
Legal Briefing: Court Gives the OK for 'Indecency' on TV
When the FCC decided in 2004 to start fining broadcasters over the use of fleeting expletives, the agency became a caricature of a state censor. Now, the Second Circuit has ruled that the 'indecency' policy was unconstitutionally vague. So what's next for dirty words?
Why Going Private Could Be Barnes & Noble's Best Bet
With the stock plunging and a trial between key shareholder Ron Burkle and top company execs heading to court, signs point ever more clearly to the possibility that Barnes & Noble will go private. And that just might be the right move.