LAWSUIT

Attorney General of California Kamala Harris attends a news conference to announce the creation of the Mortgage Fraud Strike Force in Los Angeles

California Attorney General Sues Fannie Mae, Freddie Mac

California Attorney General Kamala Harris on Tuesday sued Fannie Mae and Freddie Mac after the mortgage companies' regulator, the Federal Housing Finance Agency (FHFA), tried to block subpoenas seeking mortgage information.
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U.S. appeals court revives Oracle overtime lawsuit

A federal appeals court on Tuesday revived a class-action lawsuit against Oracle Corp, basing its ruling on a state court decision that employers in California must pay nonresident workers for overtime work performed in the state.
Verizon

Verizon Denied Request to Delay Payments to ActiveVideo

The New York-based telecommunications company must pay up to $11 million a month in royalties to ActiveVideo for providing video-on-demand service found to violate patents, U.S. District Court Judge Raymond Jackson ruled last month in Norfolk, Va.
A view shows the AT&T store sign in Broomfield, Colorado

AT&T Profit View Lowered at Raymond James

Raymond James has lowered its profit estimates of telecom giant AT&T Inc. (NYSE:T), which is facing several regulatory roadblocks in its $39 billion deal to acquire T-Mobile USA, a subsidiary of Germany's Deutsche Telekom.
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Former WaMu execs agree to settle FDIC lawsuit: report

Former Washington Mutual Inc executives agreed to settle a lawsuit for less than 10 percent of the $900 million originally sought by the FDIC for their role in the biggest bank failure in U.S. history, the Wall Street Journal said, citing people familiar with the situation.

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