LAWSUIT

California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.

California's highest court on Monday ruled that Bank of America Corp need not pay a potential $1 billion or more to customers who claimed the bank illegally raided Social Security benefits to collect fees.

The U.S. Supreme Court said on Tuesday that it would hear an appeal by Merck & Co Inc of a ruling that reinstated a securities fraud lawsuit involving the company's disclosures to investors about its withdrawn Vioxx pain drug.

A U.S. appeals court on Friday reinstated a breach of contract claim against Yahoo Inc by an Oregon woman who said the company failed to remove nude photos and fake profiles posted by her estranged boyfriend after promising to do so.

A group of investment bank underwriters and companies have agreed to a nearly $600 million settlement with investors to resolve litigation over alleged fraud in the pricing of initial public offerings in the late 1990s, according to a lawyer involved in the case.

Merrill Lynch & Co, now owned by Bank of America Corp , agreed to pay $75 million to settle a class-action lawsuit by employees who lost money investing in Merrill stock through their retirement plans.

Accounting giant KPMG was hit with a billion-dollar lawsuit on Wednesday over claims its grossly negligent audits helped trigger the collapse of a top subprime mortgage lender at the start of the U.S. housing crisis.

Accounting giant KPMG was hit with a billion-dollar lawsuit on Wednesday over claims its grossly negligent audits helped trigger the collapse of a top subprime mortgage lender at the start of the U.S. housing crisis.

Media Company Discovery Communications has filed a lawsuit against Amazon, claiming the Kindle infringes on a patent Discovery has for DRM on electronic book technology.

Apple has been sued by a mother in Cincinnati after her son's 16GB iPod exploded in his pocket, according to Apple Insider.

Not everyone is celebrating Slumdog Millionaire's Oscar nominations today.

Supermodel Naomi Campbell has reportedly settled the ongoing lawsuit with a former maid.

Dell Inc. said on Monday it will settle a lawsuit for $3.35 million with 45 states which claimed the computer misled PC buyers with financing terms, warranties and rebates.

Yahoo rejected a $40 per share offer from Microsoft in January 2007 and refused to negotiate in good faith, plaintiffs said in a shareholder lawsuit unsealed on Monday.

Satellite companies Dish Network Corp. and Echostar Corp filed a lawsuit on Friday against Tivo Inc asking a court to find that their new digital video recorder technology does not infringe upon Tivo's patents.

A New York judge said on Tuesday that Dell Inc. falsely advertised its promotional credit financing and warranty terms to customers.

Google claims that Viacom's $1 billion copyright infringement suit against the You Tube video service threatens legitimate communication across the Internet.

Merck & Co. said on Tuesday it agreed to pay $58 million to settle allegations that its ads for the once-popular painkiller Vioxx deceptively played down the health risks in 29 states, including the District of Columbia.

The Securities and Exchange Commission said on Monday that it had sued eight former executives of AOL Time Warner, alleging they had fraudulently inflated the company's online advertising revenues by more than $1 billion between 2000 and 2002.

Online classifieds leader Craigslist.com filed a countersuit on Tuesday against business rival eBay, accusing the company of using its minority stake in Craigslist to gain access to trade secrets.

Shares of Clear Channel Communications Inc. surged as much as 18 percent on media reports of settlement talks with six banks on a proposal to finance the radio and media company's buyout by Thomas H. Lee Partners and Bain Capital.