Bondholders Seek $21.5 Million in Damages From BearingPoint Default
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Plaintiffs who won a bond default ruling against BearingPoint Inc. last week said that they aren't trying to ruin the company and that they don't think the $21.5 million in damages they have requested will hurt the McLean consulting firm's business.
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H&R Block Inc.'s HRB.N financial  advisers unit misrepresented the risks of $16.4 million in  bonds from Enron Corp ENRNQ.PK before the energy trader sank  into bankruptcy, the NASD said in a civil fraud complaint  seeking restitution for more than 800 investors.
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A scheme to compensate WWII victims who had their assets seized by Britain has paid out more Â£21m.
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Some aggrieved investors are turning  to lawyers to pursue possible legal claims stemming from losses  at two Bear Stearns Cos.  hedge funds that were  virtually wiped out from large, illiquid bets on risky  mortgages.
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Insurance underwriters have sought  legal arbitration for $250 million in damages related to  defects in some Boeing Co. BA.N satellites, The Wall Street  Journal reported late on Sunday.
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Homebuilder teeters on the edge of bankruptcy as bondholders circle like vultures awaiting its default.
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Galileo, the 21st Street restaurant that's a landmark in Washington cuisine and a frequent gathering place for the rich and powerful, filed for bankruptcy reorganization this week in the face of nearly $2.5 million in debts, including a claim by the District for more than $1 million in unpaid taxes and penalties.
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Lawyers for slave descendants asked a federal appeals court Wednesday to a revive a landmark reparations case that demands 17 of the nation's insurers and banks publicize and pay for their roles in the country's slave trade.
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A Â£200m compensation package for investors who lost money after investing in split capital trusts was held up last night after a row over a legal clause that would prevent the 22 companies involved from suing one another to reclaim any losses.
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Long-Term Capital Management LP, whose failure in 1998 forced a bailout by Wall Street&#39;s biggest investment banks, has to pay $56 million in tax and penalties after a judge said the hedge fund claimed an improper deduction.
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NEW YORK - State Street Corp. , the largest US money manager for institutions, was sued by Unisystems Inc. for investing bond funds in high-risk mortgage-backed securities, at least the second such lawsuit filed by a client this month.
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Johnson & Johnson JNJ.N has sued   Boston Scientific Corp.BSX.N and Abbott Laboratories Inc.   ABT.N, seeking at least $5.5 billion in damages related to   J&J's failed bid for medical device maker Guidant Corp.
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A Chinese hospital has been ordered to pay 500,000 yuan (33,000 pounds) to two families 21 years after they took home the wrong newborn babies, state media reported on Thursday.
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By MARIE ROHDE  A jury began deliberations Tuesday in a lawsuit brought by the City of Milwaukee that seeks $52.6 million in reimbursement for the remediation of lead paint, which has been linked to health problems and mental retardation in young children.
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Software giant contesting order to pay $521 million in patent infringement verdict.
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The company seeks to overturn a penalty imposed for lack of antitrust compliance.
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Beazer Homes USA Inc ,said on Monday it has received a notice of default from the trustee of one of its convertible notes and that it has filed for a relief from a federal court that would stop trustee's action.