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Government Sues 3 Biggest Credit Cards, Settles With 2

WASHINGTON, D.C. - (AP) The Justice Department on Monday sued the three largest U.S. credit card companies for anticompetitive practices and reached a proposed settlement with two of them, MasterCard and Visa. "We want to put more money in consumers' pockets, and by eliminating credit card companies'...

N.C. Judge Bars Ads Claiming Harm From Water Bottles

RALEIGH, N.C. - (AP) A North Carolina company that touted its stainless steel water bottles on television and the Internet as a safer alternative to plastic water bottles has been ordered to stop making those claims. The International Bottled Water Association sued Eco Canteen Inc. of Charlotte in federal...

N.Y. Attorney General Sues Online Tobacco Sites

MINEOLA, N.Y. - (AP) Six website operators are violating a state law that bans the online sale of tobacco to customers in New York, Attorney General Eric Schneiderman said Thursday. Schneiderman said lawsuits were filed a day earlier in state Supreme Court in Manhattan, seeking $5,000 in fines for each...

Williams Mullen - Libor Litigation: The Next Big Wave In Financial Crisis Lawsuits?

By Camden R. Webb and Robert D. Perrow In June, Barclays Bank agreed to pay $453 million to settle charges that its conduct resulted in manipulation of the Libor interest rate. Although lawsuits involving potential Libor manipulation had been pending for nearly two years prior to the settlement, "Libor...