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.
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.
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.
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.
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.
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.
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."
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 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 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.
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 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.
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?
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.











