A U.S. appeals court on Friday upheld a 2013 ruling that UBS AG was not liable to shareholders for saying it was able to control risk even as a rogue trader caused $2.3 billion in losses.
Gilbert Lederman, a former director of radiation oncology at Staten Island University Hospital, agreed to pay $2.35 million to resolve claims that he defrauded Medicare by seeking reimbursement for an experimental cancer treatment he claimed to have pioneered in the United States.
Wells Fargo & Co and the U.S. Department of Justice are "no longer as optimistic" about settling a lawsuit accusing the country's largest mortgage lender of fraud, a lawyer for the bank said on Tuesday.
Fannie Mae (FNMA.OB) has reached a $170 million settlement of a lawsuit accusing it of misleading shareholders about its finances, risk management and mortgage exposure before it was seized by the U.S. government during the 2008 financial crisis.
An Alabama man who sued over being hit and kicked by police after leading them on a high-speed chase will get $1,000 in a settlement with the city of Birmingham, while his attorneys will take in $459,000, officials said Wednesday.
The legal war between comic book art great Jack Kirby's heirs and Marvel Entertainment over the rights to Iron Man, Captain America and other superhero icons has ended, not with a climactic final battle but with a settlement announced Friday by both sides.
Shire Plc, which is in the process of being acquired by AbbVie Inc, has agreed to pay $56.5 million to resolve allegations of making false claims in the marketing of its ADHD drug Adderall XR and other medicines, the U.S. Justice Department said on Wednesday.
A federal appeals court on Friday voided RadioShack Corp's class-action settlement with customers who objected to its putting credit and debit card expiration dates on receipts, saying the benefits of the accord appeared too small relative to the proposed legal fees.
In a statement, Pfizer confirms a settlement agreement with Teva as to the manufacture of a generic version of Celebrex but maintains the validity of its existing patent over the drug.
BP won final approval of a $4 billion guilty plea that resolves all criminal charges against the company related to the biggest offshore oil spill in U.S. history.
