Supreme Court keeps investor suits narrow
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In a 5-to-3 ruling, justices say firms that merely abetted fraud can't be sued.
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The Supreme Court found that Wall Street investment banks could not be sued under antitrust law over losses in the crash of technology stocks seven years ago.
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HARTFORD (Bloomberg News) Â Defense lawyers rested their case at the fraud trial of General Reinsurance executives accused of helping the American International Group mislead investors, without jurors hearing from the billionaire investor Warren E. Buffett.
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The Supreme Court dealt Enron investors a defeat Tuesday, rejecting their lawsuit alleging securities fraud by Wall Street investment banks that did business with the Texas energy company.
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The Supreme Court ruled Tuesday that car buyers can only get limited damages when they are misled about automobile loans.
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The Supreme Court is making it harder for consumers to sue manufacturers of federally approved medical devices.
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The US Supreme Court, siding with the financial services industry, tightened the limits on damages consumers can get from companies that violate the federal Truth in Lending Act.
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The Supreme Court ruled on Tuesday that investors cannot sue third parties such as banks and accountants in cases of securities fraud.
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A proposal to settle a lawsuit brought last year by shareholders of PeopleSoft Inc. failed to clear court Wednesday after a judge found it unfairly cut off their right to sue over the company&#39;s resistance to a takeover by Oracle Corp.
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The Supreme Court put new limits on antitrust lawsuits, throwing out a case that accused Verizon Communications and other local-telephone companies of agreeing not to compete in each other's home territories.
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The Supreme Court on Tuesday limited workers' ability to sue for pay discrimination, ruling against a Goodyear employee who earned thousands of dollars less than her male counterparts but waited too long to complain.
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The Supreme Court on Tuesday rejected an appeal by Enron Corp investors seeking to proceed with a $40 billion class-action lawsuit against investment banks like Merrill Lynch & Co Inc that put together financing deals for the now defunct energy trader.
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By Bloomberg News. The United States Supreme Court limited the scope of federal trademark protection yesterday, saying that rival companies in some cases can use proprietary terms even when that might cause confusion among customers.
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The prospect of a tight race for the presidency â-nd a repeat of the 2000 court battle â -mpted a late selloff on Wall Street on Tuesday, with stocks finishing the
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As investors waited anxiously for Amgen&#39;s (Nasdaq: AMGN) earnings report, the United Kingdom&#39;s high court snuck in with a stinker.
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Efforts to settle the numerous class-action lawsuits filed against Putnam Investments, MFS Investment Management, and other mutual fund companies for their role in the market-timing scandals are moving at an uneven pace, and any deal that may be worked out is likely months away, principals involved in the case said.
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A divided U.S. Supreme Court set aside on Tuesday a $79.5 million punitive damages award won by a longtime smoker's widow against Altria Group Inc.'s Philip Morris unit.