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Corporate News 07 Feb 2017 | 10:47 PM Premium

Judge defers ruling on dismissal of billionaire Cooperman insider trading case

PHILADELPHIA: A U.S. judge on Tuesday held off ruling on whether to throw out a government complaint against billionaire investor Leon Cooperman and his firm, Omega Advisors Inc, after the defendant's attorneys requested a dismissal, in a case that could set a legal precedent on insider trading.

Business 26 Jul 2013 | 8:28 AM Premium

US judge approves IBM's foreign bribery case settlement with SEC

WASHINGTON, July 25 (Reuters) - A U.S. judge on Thursday said he had approved IBM's 2011 settlement with U.S. regulators over charges of foreign bribery after prolonged consideration of whether regulators should have more aggressively investigated the case.

Business 11 Jun 2013 | 11:11 AM Premium

Saab parent's US$3b lawsuit versus GM thrown out by US judge

DETROIT: Dutch sports car maker Spyker NV's US$3 billion lawsuit accusing General Motors Co of trying to bankrupt Swedish automaker Saab was dismissed by a U.S. federal judge on Monday who said the U.S. automaker had the right to block the sale of a company using its technology.

Corporate News 23 Nov 2018 | 10:59 PM Premium

US judge dismisses litigation over missing Malaysia Airlines flight

WASHINGTON: A U.S. judge has dismissed nationwide litigation over the disappearance of Malaysia Airlines Flight MH370 in which victims' families sought to hold the carrier, its insurer Allianz SE and Boeing Co liable for the still-unexplained disaster.

Business 16 May 2013 | 3:01 PM Premium

Judge: Copyright owners can't sue Google's YouTube as a group

NEW YORK: A U.S. judge on Wednesday denied class-action status to copyright owners suing Google Inc over the use of material posted on YouTube without their permission.

Business 29 Dec 2012 | 12:00 AM Premium

U.S. judge approves Toyota's $1.1b acceleration deal

SAN FRANCISCO: A U.S. judge granted preliminary approval on Friday to Toyota Motor Corp's $1.1 billion settlement of a class-action lawsuit brought by consumers who lost value on their cars due to sudden, unintended acceleration.

Business 13 Apr 2013 | 12:00 AM Premium

Judge denies US$20m severance to outgoing AMR chief

NEW YORK: A judge has rejected a proposed severance package of nearly $20 million for Thomas Horton, the chairman and chief executive officer of American Airlines parent AMR Corp, saying the payout was not allowed under federal bankruptcy law.

Business 21 May 2013 | 4:18 PM Premium

US asks judge to deny S&P's motion to dismiss fraud lawsuit

WASHINGTON: The Justice Department on Monday asked a federal judge to deny Standard & Poor's motion to dismiss a government lawsuit against the ratings agency, saying its statements on certain financial products were fraudulent and not mere "puffery".

Economy 13 Nov 2013 | 10:20 AM Premium

Judge lambasts lack of prosecution of Wall St execs

The federal judge who oversaw the recent civil fraud trial against Bank of America Corp criticised the US Department of Justice on Tuesday for failing to prosecute high-level executives over the financial crisis.

Business 09 Jan 2014 | 10:34 AM Premium

US judge upholds JPMorgan settlement in Madoff case

A federal judge on Wednesday approved an agreement between JPMorgan Chase & Co and US prosecutors to settle charges that the bank violated anti-money laundering laws by failing to alert authorities to warning signs its employees encountered in dealings with convicted Ponzi schemer Bernard Madoff.