The securities filing also said Lumber Liquidators reached an agreement in principle last month to settle related derivative litigation. Read more
A number of pension funds have filed suit against General Motors Co. in a Delaware court. The investors are also suing the automaker’s board of directors, saying they were asleep at the swit... Read more
Bank of America Corp. and U.S. Bancorp have agreed to pay $69 million to settle a class action lawsuit over their role as trustee for mortgage-backed securities containing shoddy loans issue... Read more
A federal judge has ruled that BP Plc’s U.S. investors can’t pursue as a group claims that the company inflated its shares with misleading statements before and after the Gulf of Mexico oil... Read more
Oil and gas companies are doing a terrible job of disclosing climate and deepwater drilling risks, even in light of the tragic Gulf of Mexico oil spill, according to a report released last m... Read more
E-Trade Financial and its insurers have agreed to pay $79 million to settle class action lawsuits brought against the online brokerage as a result of losses in its mortgage and home equity l... Read more
ArthroCare Corp. has agreed to settle an investors’ class-action lawsuit for $74 million. The medical device company, which moved its headquarters to Austin from California in 2004, ha... Read more
Olympus Corp., the camera maker being investigated by Japanese, U.S. and United Kingdom authorities for alleged accounting irregularities, has been sued by an investor in its American deposi... Read more
Del Monte Corp. and Barclays Capital have agreed to pay $89.4 million to settle a lawsuit that claimed they had not acted in investors’ best interests in the food company’s $4 billion takeov... Read more
A lawsuit against Blackstone Group LP, alleging the private equity firm failed to disclose problem investments before its 2007 initial public offering, has been allowed to proceed. The U.S.... Read more
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