Beazer's notes trustee claims company in default
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Home builder Beazer Homes USA Inc  said on Friday it received "purported" default notices related to some senior notes from the bank that serves as trustee for the notes, sending shares down as much as 15 percent.
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Fidelity Investments is being sued by workers at Deere & Co.  who claim the world's largest mutual fund company charged them "unreasonable" fees and expenses to manage their retirement savings.
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Enron Corp creditors said on Thursday they have filed court documents seeking remedies from benefits outsourcing firm Hewitt Associates Inc  for mistakes made in allocating funds from legal settlements stemming from the energy trader's collapse.
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The Boston investment firm Adams, Harkness Inc. will pay $575,000 to settle charges that it failed to disclose it was paid by investment banks to write research reports on the banks' underwriting clients, regulators said yesterday. Adams, Harkness also failed to preserve copies of internal e-mails as required by law, they said.
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Inscribe this stock with "losing customers, bad debt terms, and, maybe, bankruptcy."
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Investors in two struggling Bear  Stearns Cos.  hedge funds that made bad bets on risky  mortgages will almost surely file lawsuits in hopes of  recouping losses, but legal experts say they could have a tough  time proving their case.
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(CSRwire) BOSTON - This week Boston Common Asset Management filed a shareholder resolution with Dow Chemical (parent company of Union Carbide) on behalf of its client, The Brethren Benefit Trust, Inc.
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A fund set up by James Hardie Industries NV to compensate asbestos victims will apply for a liquidator to be appointed, setting a one-week deadline for the company to top up the fund or face the threat of legal action.
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A federal bankruptcy judge appointed a Chapter 11 trustee Wednesday for AmeriDebt, the credit-counseling company that now faces a $15 million claim from the Internal Revenue Service over its disputed status as a nonprofit.
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Fidelity Investments is being sued by  workers at Deere & Co.  who claim the world's largest  mutual fund company charged them "unreasonable" fees and  expenses to manage their retirement savings.
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nrico Bondi, chairman of Parmalat Finanziaria, has sued Credit Suisse First Boston, seeking to recover 248 million euros ($306.8 million) from a transaction done before Parmalat collapsed in December in Italy&#39;s biggest bankruptcy.
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Walter Bau, Germany's third-biggest construction company, is filing for insolvency after failing to agree with its creditors on future financing.
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An investor group has filed a petition in court to declare bankrupt the flagship fund of hedge fund firm Ritchie Capital Management, the law firm representing the investor group said on Thursday.
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The accounting firm filed court papers seeking compensation from the former employees.
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Sears Holdings is facing a class-action lawsuit after&#160;making the purchase history of its customers public&#160;on its Managemyhome.com Web site.The lawsuit seeks damages as well as an accounting by Sears to determine whether the Web site was misused by criminals. It was filed on Friday by New Jersey resident Christine Desantis, who is represented by KamberEdelson, a technology law firm. KamberEdelson is best known for its recent settlement with social networking site Facebook over its sending of unwanted text messages to recycled cell-phone numbers.&quot;It&#39;s a pretty simple case,&quot; said Jay Edelson, a partner with the Chicago-based law firm. &quot;Sears decided to put private information of its customers up on the Web site and make it publicly available. They did it without telling their customers that it was going to happen ... and they really did it for their own financial reasons.&quot;Manage My Home is a community portal where Sears shoppers can download product manuals, find product tips and get home renovation ideas. The Web site had a feature called &quot;Find your products&quot; that ostensibly was designed to help users look up past purchases.Last Thursday, researchers at security vendor CA pointed out that the feature could be used to look up the purchase history of any Sears customer, an apparent violation of the company&#39;s privacy policy.Manage My Home could easily have been misused by criminals, Edelson said. For example, a robber could gain access to a victim&#39;s home by posing as a Sears repair person, using the information available on the site. That could be incredibly scary, he said. &quot;They have a duty to keep that information away from the public.&quot;Sears disabled the &quot;Find your products&quot; feature&#160;on Friday, saying it would re-introduce the feature once the company figures out a way of ensuring that the information cannot be viewed by unauthorized third parties.However, the retailer was informed of the problem weeks before it took the feature off-line, Edelson said.In late December, CA researchers also criticized Sears for&#160;downloading invasive comScore Web tracking software&#160;onto the desktops of some members of its MySHCcommunity.com Web site without adequate disclosure.KamberEdelson is also investigating that matter, Edelson said.&#160;
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The Fair Game column on Feb. 3, about problems at mortgage lenders, misstated the circumstances surrounding a bankruptcy filing related to the home mortgage lending unit of NovaStar Financial. An involuntary petition to force the unit into bankruptcy was filed with the court on Jan. 24 by a creditor who won a $49 million judgment against the unit; the unit did not file for bankruptcy. (On Feb. 7, the judge overseeing the case ruled against the petition.).
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Business & money: Ill-judged comments saw deluge of customers reclaiming bank charges, says lawyer