A federal judge in New York tossed a derivative suit brought by Citigroup Inc. shareholders on Tuesday, saying the plaintiffs should have demanded action from the bank's board of directors before suing Citigroup executives over the company's investments in mortgage-backed securities.
The Federal Communications Commission announced Tuesday that a Wilson Sonsini Goodrich & Rosati PC partner will head the working team reviewing AT&T Inc.’s planned $39 billion acquisition of T-Mobile USA Inc. from Deutsche Telekom AG.
A class action filed Monday in New Jersey federal court alleges Bayer HealthCare LLC is deceiving consumers by making false and unsupported claims about the purported health benefits of its digestive health supplements.
A California consumer hit Schiff Nutrition International Inc. with a class action Friday, accusing the company of falsely marketing its flagship dietary supplement as an arthritis treatment despite lacking any scientific evidence supporting its claims.
New York Attorney General Eric Schneiderman has asked major banks including, Bank of America Corp., Morgan Stanley and Goldman Sachs Group Inc., to turn over information about the securitization process as part of a probe into mortgage-backed securities.
Democratic New York Gov. Andrew Cuomo on Monday nominated a top aide and former federal prosecutor to run a new state financial services agency with consumer protection and fraud units.
A California federal judge on Monday threw out a putative class complaint against General Mills Inc. that alleged the company tricked customers into believing Total Blueberry Pomegranate contained the titular fruits, but gave the plaintiff leave to amend his filing.
The U.S. Supreme Court on Monday asked the Office of the Solicitor General to weigh in on the scope of the Real Estate Settlement Procedures Act and gauge class claims that Quicken Loans Inc. illegally charges mortgage borrowers closing fees.
A John Alden Life Insurance Co. policyholder filed a putative class action in Montana on Friday claiming the company underpaid its insureds on health care costs despite promising customers higher reimbursements.
A California federal judge on Thursday dismissed a proposed consumer class action accusing BSH Home Appliances Corp. of fraud over defective washing machines, but offered the plaintiffs a chance to amend several claims such as breach of express and implied warranties.
A California federal judge Thursday, ruling on a motion to dismiss in a lawsuit brought by baby products maker Munchkin Inc. that alleged a competitor slapped trumped-up sippy cup patent markings on its products, ordered the company to amend its complaint.
The First Circuit ruled Thursday that Cynosure Inc.'s insurer does not have to cover the manufacturer in a putative class action over its practice of sending so-called blast faxes to advertise its hair removal and skin rejuvenation products.
The U.S. Food and Drug Administration cautioned a Kinetic Concepts Inc. subsidiary last week over its failure to properly respond to an inspection of the company's promotion of breast implant products and sponsorship of clinical studies, according to a regulatory filing Thursday.
A California federal judge on Tuesday refused to send back to state court a putative class action against Hewlett Packard Co., Costco Wholesale Corp. and others over a portable hard drive that allegedly doesn't operate as advertised.
A consumer slapped Oreck Corp. with a class action in Illinois federal court Tuesday, claiming the company falsely advertised that its Halo vacuum could substantially reduce the risk of flu and eliminate virtually all common germs and allergens.
A California federal judge on Wednesday denied Nutella maker Ferrero USA Inc.’s bid to transfer to New Jersey federal court a putative consumer class action claiming the company falsely marketed its popular spread as healthy for children.
Google Inc. said Tuesday that it has set aside $500 million to take care of a government investigation into its online advertising practices, slashing its net income for the first quarter of 2011 from $2.3 billion to $1.8 billion.
Listen, and ask the stupid question, says Thomas P. Hanrahan, head of the Sidley Austin LLP's Los Angeles litigation group and global co-chairman of the firm's complex commercial litigation practice.
Ten members of the U.S. House of Representatives asked the Food and Drug Administration on Friday to immediately issue a recall of hair-straightening products with high levels of formaldehyde that they say pose health risks for stylists and consumers.
Two women filed a putative class action in Pennsylvania last week claiming that LexisNexis Risk & Information Analytics Group Inc. labeled thousands of retail workers as thieves and distributed their personal data from a database in violation of federal law.