legal

Amazon (NASDAQ:AMZN) is already facing some backlash from the music industry over the company's "Cloud Drive" service, which could ignite a legal battle. Liz Young, a Spokesperson for the company stated that Sony Music was one co

Federal prosecutors are considering whether to pursue manslaughter charges against BP (NYSE:BP) managers for decisions made before the Gulf of Mexico oil well explosion last year, which killed 11 workers and caused the biggest off

Syron received a so-called Wells notice from the SEC. He is the most recent executive in the government's examination of the two government-controlled companies.

The SEC is looking into how Freddie and Fannie publicly disclosed their exposure to risky loans and whether those depictions were inaccurate.

Freddie Mac's former chief executive Richard F. Syron may face a civil action as the government ramps up an investigation of disclosure practices at the company and Fannie Mae, according to people familiar with the matter.

Energy shares are down in mid-day trading as crude oil futures fall for the second session in a row to trade below $102 a barrel. Light, sweet crude oil for April delivery is trading down $2.83, or 2.69%, to $101.57 a barrel. In m

The families are seeking unspecified compensatory and punitive damages in the suit.

Massey shares are up 0.39%, or $0.25, to $64.50.

Shares of Massey Energy (MEE) are holding gains after Reuters reported that the mining company is facing wrongful death lawsuits filed by families of two coal miners killed in the Upper Big Branch mine explosion last year.

Louisiana is also suing BP's partners, Anadarko Petroleum and a unit of Mitsui Inc.

BP, Plc. is down 0.54% to $47.89, after reportedly being sued by Louisiana for at least $1 mln a day in damages caused by its oil spill in the Gulf of Mexico, according to Bloomberg.

Gupta had joined the boards in 2008.

The SEC brought a civil case against Mr. Gupta on March 1, accusing him of passing along information on Goldman and P&G earnings to Raj Rajaratnam, the co-founder of the Galleon Group hedge fund. Gupta's lawyer called the accu

AMR (NYSE:AMR) said that Rajat K. Gupta, former Goldman Sachs (NYSE:GS) and Procter & Gamble (NYSE:PG) director accused of leaking confidential information about those companies, has stepped down from the boards of both AMR an

The settlement is being paid in stocks and warrants of the "new" General Motors, and will resolve 34 different environmental claims in 11 states.

GM is trading down 2% at $31.65 per share.

The "old" GM, Motors Liquidation Company, the precursor to the "new" General Motors Co. (NYSE:GM), which emerged from bankruptcy in 2009, has reached an agreement with the U.S. government to pay $50.6 million to settle various env

The Supreme Court ruled against AT&T (T) in the company's effort to block public disclosure of emails and documents in FCC files on its alleged overbilling of Connecticut public schools, reports the Wall Street Journal. In a u

Separately, the company reported, also in its regulatory filing, that it could lose up to $3.4 billion from lawsuits and other disputes over the securities it sold and underwrote.

Goldman Sachs added that their daily trading net revenue was negative for 25 days in 2010.

Goldman Sachs Group, Inc. (GS) is down 0.07% to $163.67, after it reportedly closed down one proprietary trading desk and is liquidating another to comply with the Dodd-Frank financial regulatory reform law, according to Reuters.