A Texas federal judge denied Exxon Mobil Corp.’s bid to nix a putative securities fraud class action accusing the oil giant of concealing its climate change knowledge, ruling Tuesday that investors sufficiently pled alleged misstatements and mostly met the heightened pleading standard for bringing the suit.
A slew of Tinder founders, early employees and current executives hit the dating app’s parent companies, IAC and Match Group Inc., with a $2 billion suit in New York state court Tuesday, accusing the companies of deliberately tanking the valuation of the dating app in order to lessen the value of their stock options.
A Nevada federal judge on Tuesday ordered Rimini Street Inc. to pay Oracle Corp. $28.5 million in attorneys' fees after years of litigation in their copyright infringement case, saying the award was still justified even though the Ninth Circuit reversed Oracle’s state-law claims.
A California federal judge on Tuesday tossed with leave to amend a proposed class action that claims new limits on L.L. Bean Inc.’s century-old lifetime warranty violate consumer protection statutes, saying during a hearing the allegations are “hugely hypothetical” and the suit “makes no sense.”
A Maryland federal judge said Tuesday that New York attorney Paul Napoli can’t shut down a suit over unpaid fee arrangements just because most of the work in question was done outside of the Old Line State, finding there’s enough of a connection to exercise jurisdiction.
A New York federal judge on Tuesday recertified an investor class after a Second Circuit decision vacated its first certification win, finding that Goldman Sachs failed to show that alleged misstatements on its ethical compliance had no price effect on its stock value.
The Royal Bank of Scotland will pay the U.S. $4.9 billion to end claims the bank deceived investors about poor-quality loans behind its residential mortgage-backed securities in what the U.S. Department of Justice on Tuesday called its largest civil penalty against a single corporate entity over the financial crisis.
Uber said Tuesday that it has tapped Matt Olsen, the former director of the National Counterterrorism Center and general counsel at the National Security Agency, to lead its security team as the company tries to rebuild its reputation after its botched handling of a data breach.
The Illinois attorney general has accused the owners of Trump International Hotel and Tower in Chicago of violating state law by discharging heated wastewater into the Chicago River after its permits expired in August.
A Manhattan federal judge told jurors mulling fraud and conspiracy counts against Norman Seabrook, the former labor boss accused of steering $20 million in union money to a hedge fund in exchange for a $60,000 bribe, to go back to work Tuesday after they quickly said they were unanimous on one charge but deadlocked on the other.
Citing a ruling last month striking down the U.S. Patent and Trademark Office's controversial policy on attorneys' fees, the Federal Circuit on Tuesday started tossing out such awards against other patent applicants.
Colombia’s top anti-corruption official and an attorney pled guilty Tuesday to charges filed in Florida that they laundered money and solicited bribes to obstruct an investigation into a former Colombian governor who is now cooperating with U.S. authorities.
Stephen Shapiro, the founder of Mayer Brown LLP's Supreme Court and appellate practice, was shot to death in his home in Northfield, Illinois, Monday night in what police described as a domestic dispute.