November 14, 2012
It's the corporate executives, media stars and government officials that come to mind when we think about the threat of extortion over shady business deals, compromising pictures or illicit affairs — we're looking at you, Mr. Petraeus. But the...
July 11, 2012
A trustee representing creditors of SemGroup LP sued Barclays Bank Plc and Barclays Capital, seeking to be repaid a $143 million fee the bank collected when it took over the energy company's commodities trading positions during its 2008 collapse...
July 5, 2012
The stakes are rising in lawsuits against big banks over allegations they rigged benchmark interest rates, as some large investors may opt out of a massive class action and strike out on their own.
Competing lawsuits could drive up the...
June 22, 2012
A small bank and two conservative advocacy groups said on Thursday that they would file a lawsuit against the new Consumer Financial Protection Bureau, challenging what they call the agency's "unlimited regulatory power."
It is unclear how...
May 23, 2012
Facebook Inc and banks including Morgan Stanley were sued by the social networking leader's shareholders, who claimed the defendants hid Facebook's weakened growth forecasts ahead of its $16 billion initial public offering.
May 23, 2012
May 14, 2012
A federal court judge threw out a lawsuit by Charles Schwab Corp that had sought to stop its regulator from disciplining the brokerage for trying to take away customers' rights to sue it in class actions.
Magistrate Judge Elizabeth Laporte...
April 2, 2012
The case of a wealthy U.S. businessman who pleaded guilty to evading taxes but then sued the Swiss bank where he hid his money is scheduled to go to trial on May 8, the first major test of civil legal challenges to Swiss banks that sold offshore...
March 30, 2012
Bank of New York Mellon Corp was sued on Monday by Ohio's attorney general, who accused the custodial bank of overcharging state pension funds on foreign currency exchange transactions.
Mike DeWine, the attorney general, filed the lawsuit...
March 22, 2012
Twelve directors of Morgan Stanley have won dismissal of a shareholder lawsuit accusing them of letting the Wall Street bank overpay its employees even while accepting taxpayer-funded federal bailouts. Shareholders accused the outside...