U.S. charges three NYU researchers in Chinese bribery case
NEW YORK (Reuters) – U.S. authorities brought criminal charges against three New York University researchers on Monday, alleging they conspired to take bribes from Chinese medical and research outfits for details about NYU research into magnetic resonance imaging technology.
A criminal complaint filed in the U.S. District Court in Manhattan charged Yudong Zhu, 44, Xing Yang, 31, and Ye Li, 31, with commercial bribery in connection with NYU research financed by the U.S. government.
U.S. judge revives Dexia’s mortgage lawsuit versus JPMorgan
(Reuters) – A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase & Co of misleading Belgian-French bank Dexia SA into buying more than $1.6 billion (1 billion pounds) of troubled mortgage debt.
Citing a recent federal appeals court decision involving American International Group Inc and Bank of America Corp, U.S. District Judge Jed Rakoff in Manhattan said he had lacked jurisdiction when he decided on April 2 to throw out much of Dexia’s lawsuit against JPMorgan.
Judge revives Dexia lawsuit vs. JPMorgan over mortgage claims
(Reuters) – A federal judge has revived a closely watched lawsuit accusing JPMorgan Chase & Co (JPM.N: Quote, Profile, Research, Stock Buzz) of misleading Belgian-French bank Dexia SA (DEXI.BR: Quote, Profile, Research, Stock Buzz) into buying more than $1.6 billion of troubled mortgage debt.
Citing a recent federal appeals court decision involving American International Group Inc (AIG.N: Quote, Profile, Research, Stock Buzz) and Bank of America Corp (BAC.N: Quote, Profile, Research, Stock Buzz), U.S. District Judge Jed Rakoff in Manhattan said he had lacked jurisdiction when he decided on April 2 to throw out much of Dexia’s lawsuit against JPMorgan.
US judge revives Dexia’s mortgage lawsuit vs JPMorgan
May 17 (Reuters) – A federal judge has revived a closely
watched lawsuit accusing JPMorgan Chase & Co of
misleading Belgian-French bank Dexia SA into buying
more than $1.6 billion of troubled mortgage debt.
Citing a recent federal appeals court decision involving
American International Group Inc and Bank of America
Corp, U.S. District Judge Jed Rakoff in Manhattan said
he had lacked jurisdiction when he decided on April 2 to throw
out much of Dexia’s lawsuit against JPMorgan.
Berkshire reveals CB&I stake, adds to Wells Fargo
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Wednesday revealed a new investment in Chicago Bridge & Iron Co and said it has added to its largest equity holding, Wells Fargo & Co.
The changes were disclosed in a U.S. Securities and Exchange Commission filing detailing Berkshire’s $85 billion of equity investments listed on U.S. exchanges as of March 31.
Wells Fargo ordered to pay $203 million in overdraft case
May 15 (Reuters) – A federal judge has again ordered Wells
Fargo & Co to pay $203 million to settle class action
litigation accusing it of imposing excessive overdraft fees on
checking account customers, reviving an award that had been
thrown out last year.
U.S. District Judge William Alsup reinstated on Tuesday a
penalty he first imposed in August 2010, saying the
fourth-largest U.S. bank violated a California law that protects
consumers against fraudulent misrepresentations.
Barclays wins dismissal of U.S. shareholder lawsuit over Libor
May 13 (Reuters) – Barclays Plc, the first bank to
settle with authorities over alleged manipulation of the Libor
interest rate, on Monday won the dismissal of a U.S. lawsuit by
shareholders who claimed they lost money because of the British
bank’s activity.
U.S. District Judge Shira Scheindlin in Manhattan said
investors who owned Barclays’ American depositary shares did not
show that Barclays and other defendants, including former Chief
Executives John Varley and Bob Diamond, misled them about Libor
or took too long to reveal potential liabilities.
Nintendo wins U.S. appeals court decision over Wii
May 13 (Reuters) – Nintendo Co, one of the world’s
largest makers of video game players, won a U.S. appeals court
decision in a patent case that will allow it to keep importing
its popular Wii system into the United States.
Monday’s decision by the U.S. Federal Circuit Court of
Appeals in Washington, D.C. affirmed a January 2012 ruling by
the U.S. International Trade Commission, which handles many
technology patent disputes.
Nintendo wins appeals court ruling decision over Wii
(Reuters) – Nintendo Co, one of the world’s largest makers of video game players, won a appeals court decision in a patent case that will allow it to keep importing its popular Wii system into the United States.
Monday’s decision by the U.S. Federal Circuit Court of Appeals in Washington, D.C. affirmed a January 2012 ruling by the U.S. International Trade Commission, which handles many technology patent disputes.
U.S. judge orders Hewlett-Packard to face shareholder lawsuit
By Jonathan Stempel and Nate Raymond
(Reuters) – Hewlett-Packard Co (HPQ.N: Quote, Profile, Research, Stock Buzz) must defend against a lawsuit accusing former management at the world’s largest personal computer maker of defrauding shareholders by abandoning a business model it had long touted, causing more than $16 billion of market value to be wiped out.
District Judge Andrew Guilford in Santa Ana, California said shareholders had raised a “strong inference” that officials including former Chief Executive Leo Apotheker in June and July 2011 misled them about HP’s commitment to the WebOS operating system and related products, including the TouchPad tablet PC.

