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Purdue Pharma considers bankruptcy over OxyContin lawsuits

Purdue Pharma and a number of other drug manufacturers are facing thousands of lawsuits related to allegations that they contributed to the opioid crisis through bad marketing practices. Purdue is considering bankruptcy.

MGM Resorts sues victims of Las Vegas massacre

Los Angeles - MGM Resorts, owner of the Las Vegas hotel that was the scene of the worst mass shooting in modern US history, has sued victims of the massacre, triggering howls of protest.

RBS agrees to $4.9 bn fine in US: report

New York - The Royal Bank of Scotland has agreed to pay US regulators $4.9 billion in fines to settle litigation over subprime mortgage products it sold before the 2008 financial meltown, the Financial Times reported Thursday.

Tesla faces fresh Norway lawsuit over false advertising

Oslo - Nearly 80 Tesla owners in Norway have sued the US automaker over misleading advertising, saying their electric car did not deliver the promised performance, Norwegian daily Dagens Naeringsliv (DN) reported on Thursday.

Argentina eager to meet EU biodiesel demand after WTO ruling

General Lagos - Production is back at full capacity in Argentina's brimming biodiesel plants, producers say, after the WTO upheld Buenos Aires' complaints against European Union anti-dumping duties following a four-year battle.

Ex-Trump aide Flynn raises money for legal costs

Washington - The family of former White House national security advisor Michael Flynn has launched a defense fund to raise money for mounting legal costs in the sprawling Russia election interference probe.

US Supreme Court keeps tight refugee ban in place

Washington - The US Supreme Court kept the Trump administration's strict refugee ban in place Monday, at least temporarily dashing the hopes of some 24,000 already-approved immigrants.

Two Erdogan security aides plead innocent in protest melee

Washington - Two men videotaped taking part in an attack on protestors against Turkish President Recep Tayyip Erdogan in Washington in May pleaded innocent Thursday to assault charges.

Takata bankruptcy a question mark for consumer lawsuits

Washington - The bankruptcy of Japanese auto parts giant Takata may frustrate the legal challenges by victims harmed by the company's exploding airbags, which were part of the largest auto safety recall ever.

Cacophony of lawsuits to follow Trump into White House

Washington - Donald Trump assumes the mantle of the US presidency under an unprecedented cloud of litigation that could weigh on his ability to govern after this week's shock election.

Judge gives final approval in Volkswagen emissions settlement

San Francisco - A US judge on Tuesday granted final approval for a $14.7 billion class action settlement in Volkswagen's diesel emissions cheating scandal.

Argentina, 'vulture' funds end 15-year debt battle

New York - Argentina's new market-friendly government has ended a bitter 15-year battle with creditors led by a US billionaire, the mediator announced Monday, opening the door for the South American country to escape financial pariah status.

Bayer sued in Germany over contraceptive pill after health scares

Willst - "If I'd known, I'd never have taken this pill," says Felicitas Rohrer, who is suing German pharmaceuticals giant Bayer, claiming its oral contraceptive Yasminelle caused her to suffer a pulmonary embolism.

Argentine candidate Macri pledges to end bond fight

Buenos Aires - Argentine presidential challenger Mauricio Macri said Tuesday that he will end the country's long debt battle with US hedge funds if he wins the runoff vote on November 22.

Hedge fund threatens to sue Peru over debt: Sources

- A US hedge fund is threatening to sue Peru for payment of defaulted debts issued by its former military regime, sources said Friday, with one activist group condemning the action as "predatory.

Microsoft and Google agree to settle long-running patent dispute

Two of Silicon Valley's largest companies have agree to put an end to legal battles that have lasted years. Microsoft and Google opted not to reveal exact details of the deal which settles patent disputes over smartphones and games consoles.

Argentina, hedge funds far apart as bond hearings restart

Washington - Two months into a new year expected to bring progress, Argentina and the hedge funds it brands vultures are still far apart in a battle over bonds that has put the country back into default.

U.S. city of Portland sues Uber

Los Angeles - The U.S. city of Portland, Oregon, has sued ride-sharing startup Uber, saying it was operating illegally, officials said.The suit also asked the court to order the service to stop operating in Portland until it is in compliance with city rules.

US judge calls Argentina in contempt in debt case

New York - A US judge ruled Argentina in contempt of court Monday for its attempts to skirt his block on payments to holders of the country's restructured debt.

U.S. court ruling on Argentine debt violates int'l law: Buenos Aires

Buenos Aires - Argentina on Monday slammed as illegal a U.S. judge's ruling finding it in contempt of court on its debt payments.

BP ruled grossly negligent in 2010 oil spill

New York - BP potentially faces billions of dollars in new fines after a New Orleans judge concluded it acted with "gross negligence" ahead of the massive 2010 Gulf of Mexico oil spill.

Why West, Texas explosion victims should seek compensation Commissioned

On April 17, 2014, residents of West, Texas - a city of 2,800 residents, located 20 miles north of Waco - held a moment of silence at the town's remembrance ceremony for those who lost their lives in an explosion that rocked the town a year ago.

Nationwide loses $18 million over small car crash case

Reading - No one was killed and it would only have cost Nationwide around $25,000 to fix a damaged jeep for Sherri Berg who was hit while pulling onto a highway. Instead Nationwide fought the case for almost 20 years and lost it to the amount of $18 million.

BNP, U.S. prosecutors 'near settlement for $9 billion'

New York - BNP Paribas has neared a deal with U.S. prosecutors that would see the French bank pay $8 billion to $9 billion and accept other punitive measures for violating American sanctions, The Wall Street Journal reports.

U.S. suit accuses CME of favoring high-speed traders

New York - A group of traders has sued exchange giant CME Group, alleging that its policies favored high-frequency traders and defrauded other investors.

Citi agrees to pay $1.1 bn in mortgage settlement

New York - Citigroup Monday said it reached an agreement with a group of 18 institutional investors to pay $1.125 billion to settle claims on some mortgage-backed securities sold ahead of the financial crisis.

Walmart sues Visa for $5 bn for rigging card fees

Washington - The world's largest retailer Walmart has sued credit card giant Visa for more than $5 billion for conspiring with banks to fix fees that merchants pay for accepting Visa card payments.In the suit filed this week in Arkansas, where Walmart is based, th...

French group files privacy suit against social networks

Paris - France's leading consumer rights group said on Tuesday it had filed suit against Twitter, Facebook and Google accusing the Internet giants of breaching privacy laws.UFC-Que Choisir said it had filed suit in the Paris high court for "abusive" and "illeg...

Toyota to pay US $1.2 billion over defect cover-up

Washington - Toyota Motor Corp.

Toyota to pay US $1.2 billion for deadly defect coverup

Washington - Toyota Motor Corp.
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