Business Law

From large corporations to small business, get the latest on lawsuits, bankruptcies, international business, banking, and more.

Oct 7, 2010

As part of a settlement agreement in a class-action lawsuit against Nvidia graphics processor, MacBook Pro owners who bought a laptop with the processor in 2007 and 2008 may be eligible for free repairs, Yahoo News reports.

The lawsuit, which was filed in U.S.

Oct 7, 2010

Struggling video rental company Blockbuster has filed for bankruptcy protection in an effort to re-invent itself and get rid of its massive debt, the New York Times reports.

According to the news source, the bankruptcy filing was made official recently in federal bankruptcy court in Manhattan and will erase the majority of the company’s nearly $1 billion debt. A large equity stake will be given to senior bondholders including investor Carl C.

Oct 7, 2010

After two weeks, a feud between two of the largest technology companies in the world, Hewlett-Packard and Oracle, has been settled, the New York Times reports.

The companies recently announced a settlement to a dispute that centered around Oracle's hiring of former H.P. CEO Mark V. Hurd. H.P. had decided to file a lawsuit against Hurd, who resigned last month, claiming he would violate agreements to protect the company's secrets when he took on a top position at Oracle, the news source said. Hurd resigned from his CEO position at H.P.

Sep 21, 2010

A federal appeals court ruled recently that a class-action gender discrimination lawsuit against Wal-Mart Stores Inc. can go to trial, the Associated Press reports.

In a 6-5 ruling, the 9th Circuit U.S. Court of Appeals said Wal-Mart will have to face allegations that it pays women less than men for the same jobs, gives female employees fewer promotions and forces women to wait longer to receive promotions, the news provider said.

Sep 1, 2010

Wal-mart Stores Inc. has settled a private antitrust lawsuit in which the company was accused of having an improper marketing agreement with Netflix Inc., Reuters reports.

The lawsuit, which sought class action status in an Oakland federal court, was brought against Wal-mart and Netflix by eight subscribers to the DVD rental service who claimed prices were kept artificially high as a result of the agreement.