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Viacom is appealing a court decision that YouTube obeyed copyright laws even though the Internet video site used to show thousands of pirated clips.
The challenge filed Friday in a federal appeals court in New York had been expected since a June ruling rebuffed Viacom’s copyright infringement lawsuit against YouTube and its owner, Google Inc. Get the full story »
The trustee seeking money for victims of Bernard Madoff’s scheme sued JP Morgan Chase & Co. for more than $6 billion on Thursday, claiming the bank enabled his massive fraud.
Get the full story »
Fifth Third Bank has agreed to pay $9.5 million in a proposed settlement with customers who claimed they were improperly charged overdraft fees for insufficient funds on debit card purchases and ATM withdrawals.
The class-action lawsuit filed Nov. 21, 2009 in U.S. District Court in northern Illinois alleges that Fifth Third changed the sequence of transactions to deplete customers’ accounts more quickly and boost the number of overdraft charges. Get the full story »
Bitter rivals on store shelves in the candy aisle may also duke it out in court.
The Hershey Co. sued Mars Inc. this week. The maker of Hershey’s and Reese’s chocolate candies says the maker of Snickers, M&Ms and Dove candies is mimicking its packaging. Get the full story »
The trustee seeking to recover money for defrauded Bernard Madoff investors has sued UBS AG and others for more than $2 billion, accusing them of collaborating in the imprisoned swindler’s massive Ponzi scheme.
UBS was accused of assisting Madoff’s fraud by sponsoring foreign feeder funds that sent client money to the once-respected money manager, lending them “an aura of legitimacy” while shielding itself from liability through secret side agreements. Get the full story »
A federal jury has ordered SAP to pay $1.3 billion to its archenemy, Oracle, for stealing customer support documents and software in a scheme to steal customers. Get the full story »
Welcome to the courtroom, Activision.
Guns N’ Roses lead singer Axl Rose is suing video game maker Activision Blizzard Inc. for $20 million over the company’s use of the song “Welcome to the Jungle” in the game “Guitar Hero III.” Get the full story »
A 46-year-old Chicago man who lost his server job at Weber Grill on State Street last year alleges that a 30-year-old restaurant manager fired him because she thought he was “too old for the fast pace of the restaurant.”
Bruce Belson alleges in a lawsuit filed Tuesday in a federal court in Chicago that he was terminated in January 2009 after about nine months of working at the 539 N. State St. restaurant. Get the full story »
Dow Jones & Co. and the Chicago-based financial news service Briefing.com have agreed to a settlement of a copyright lawsuit, in which the latter has admitted to misappropriating “hot news” and headlines for its website.
Briefing.com agreed to pay an unspecified sum to Dow Jones, a unit of Rupert Murdoch’s News Corp, and admit to liability for infringing Dow Jones’ copyrights in published articles. Dow Jones called the payment “substantial.” Get the full story »
A new side-imbroglio has broken out in the Tribune Co. bankruptcy, highlighting the often incestuous world occupied by big-time bankruptcy attorneys.
Let’s see if we can sort it all out … Get the full story »
Bank of America Corp. has urged a federal judge to throw out a racketeering lawsuit over its alleged use of “robo-signers” in foreclosures.
The largest U.S. bank said Indiana plaintiffs who lost their home to foreclosure in 2009 failed to show they were harmed by its alleged practice of routinely submitting perjured affidavits, given they might have lost their home anyway. Get the full story »
A suit filed Tuesday in federal court alleges that a Naperville marketing firm has been spamming cell phone users with text messages in an attempt to sell magazine subscriptions for the publishers of US Weekly, Rolling Stone and Men’s Journal.
The suit claims that the unsolicited text messages not only represent “an especially pernicious form of marketing” but also are in violation of the Telephone Consumer Protection Act, which bars companies from making unsolicited calls to cell phones. Get the full story »
