Regulators are close to an agreement with Fannie Mae and Freddie Mac to settle a case over disclosing their exposure to risky subprime loans, The New York Times reported on Thursday.
A Manhattan federal judge rejected HSBC Holdings Plc's proposed $62.5 million settlement with investors in an Irish fund that lost money in Bernard Madoff's Ponzi scheme.
In an order signed on Monday, Judge Ellen S. Huvelle of the United States District Court in Washington, has asked the Justice Department, AT&T and Deutsche Telekom, the parent company of T-Mobile USA, to file the joint plan by the due date and has ordered that the parties shall be prepared to discuss the prospects for settlement at a Sept. 21 status conference, according to reports.
The judge assigned to the federal antitrust case that seeks to undo the $39 billion takeover of T-Mobile USA by AT&T wants all parties to appear on Sept. 21.
The trial of Michael Jackson's former physician, Dr. Conrad Murray who is accused of involuntary manslaughter in the pop star's death, begins on Thursday with jury selection. Here are some key facts about Jackson:
State prosecutors accusing major U.S. banks of improper mortgage practices have offered them a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported Tuesday.
Big U.S. banks in talks with state prosecutors to settle claims of improper mortgage practices have been offered a deal that may limit their legal liabilities in return for a multibillion-dollar payment, the Financial Times reported on Tuesday.
One of the largest porn Web site Pornhub.com has written a letter to the owner of Kim Kardashian's sex tape, expressing its interest in buying the high definition video clip.
A new trend in employment law, California companies have recently been experiencing a barrage of meal break lawsuits, challenging state labor rules and the extent to which an employer must provide time to rest.
The U.S. government on Wednesday filed an anti-trust complaint seeking to enjoin the proposed merger between AT&T (NYSE:T) and T-Mobile USA.
Actor Mel Gibson will pay the mother of his 22 month-old daughter $750,000 and get joint custody of the child, ending a bitter custody and financial dispute that badly damaged his Hollywood career.
A mystery buyer has put in a bid to take a sex tape featuring Kim Kardashian offline from Websites where viewers now have to pay to watch it.
Conventional wisdom in legal circles has long held that Goldman Sachs (GS.N) might escape further large fines or criminal charges for its role in the 2007-2009 financial crisis after reaching a $550 million settlement with securities regulators in July 2010.
Mel Gibson and Oksana Grigorieva have reached a final custody and financial settlement in their long-running bitter legal battle, the Los Angeles County Superior Court announced on Friday.
Pitbull's handling it in his style. After actress Lindsay Lohan recently sued him over his song Give me everything, Pitbull has invited her over to Sunday's MTV Video Music Awards, where he will be performing the song. Now that is 'Some Big' expectation that the rapper is holding on to.
Mel Gibson and his ex-girlfriend on Friday settled a deeply bitter custody dispute over their young daughter which led to the Oscar winner's plea of no contest to domestic violence earlier this year.
Photographer David Strick lost the first round in his copyright case against the Los Angeles Times, when a federal judge ordered arbitration this week.
Investors objecting to Bank of America Corp's $8.5 billion settlement of claims over losses on mortgage-backed securities are seeking to send their dispute to federal court, potentially delaying a resolution of one of the beleaguered bank's largest legal liabilities.
Google Inc. has agreed to forfeit $500 million to settle claims that it allowed online Canadian pharmacies to place advertisements targeting consumers in the United States, U.S. Justice Department announced Wednesday.
Former New York Governor Eliot Spitzer was hit with two libel lawsuits seeking $90 million by former Marsh & McLennan Cos executives over a column posted on Slate.com about an insurance bid-rigging scandal.
Lawyers for the woman who accused former IMF chief Dominique Strauss-Kahn of sexual assault have explored a deal in which they would scuttle the criminal case in exchange for a monetary settlement in the civil lawsuit, the Wall Street Journal reported on Friday.
A federal appeals court voided a class-action settlement in a case brought by freelance writers who accused publishers of reprinting their works in online databases without permission.
