LAWSUIT

Tourists stand outside the Wynn Casino in Macau

Wynn Resorts Buys Out 'Unsuitable' Board Member

Wynn Resorts Ltd upped the ante in the fight between its billionaire founder Steve Wynn and his former business partner Kazuo Okada, accusing the Japanese gaming mogul of improper payments and forcibly buying back his 20 percent stake in Wynn's casino company at a discount.

FBI and Homeland Security Monitoring Social Media: Stop it!, Says California Congresswoman

Congresswoman Jackie Speier (D-CA) introduced a bill that would make "Do Not Track" an official law.
While the FBI looks to hire app developers to help them snoop around social media sites, the Department of Homeland Security is monitoring blogs for signs of domestic terrorism. Jackie Speier, a San Francisco Bay Area based Congresswoman is demanding they stop. She said as much during a Homeland Security Subcommittee on Counterterrorism and Intelligence meeting Feb. 16.
More news
IBTimes Logo

Citigroup Pays $158M in Mortgage Fraud Pact

Citigroup Inc has agreed to pay $158.3 million to settle U.S. civil claims that it defrauded the government into insuring thousands of risky home loans made by its CitiMortgage unit.
IBTimes Logo

Associated Press Sues News Aggregation Service for 'Parasitic Business Model'

The Associated Press, the world's oldest and largest news-gathering organization, is making good on its threat to sue content aggregation news services, alleging Tuesday that a paid-subscription company's repackaged content works on a parasitic business model. The 135-page suit against San Francisco-based company Meltwater News begins with a thudding blow: Meltwater has built its business on the willful exploitation and copying of AP's and other publishers' news articles ...
A woman takes a photo of ultrabooks at the Intel booth during the 2012 International Consumer Electronics Show in Las Vegas

Intel Settles N.Y. Antitrust Case for Just $6.5M

Intel Corp agreed to pay just $6.5 million to resolve an antitrust lawsuit by New York's attorney general that accused the world's largest chipmaker of threatening computer makers and paying billions of dollars of kickbacks to maintain its market dominance.
IBTimes Logo

Watchdog Fines Ernst & Young $2M over Audits

The watchdog board for corporate auditors on Wednesday said it has imposed a $2 million penalty, its largest fine ever, on accounting and consulting firm Ernst & Young LLP in a settlement involving past audits of Medicis Pharmaceutical Corp.
IBTimes Logo

Who is Fausat Ogunbayo? The Woman Who Filed a $900 Trillion Suit

The name Fausat Ogunbayo will probably be remembered for some time. The Staten Island mom has filed a $900 trillion federal lawsuit against the City of New York because it placed her two children in a foster home more than three years ago. Learn more about the 46-year-old West Brighton woman.

Pages

IBT Spotlight

We Help Businesses Find B2B Service Providers They Can Trust.