American Express Bank Ltd. isn’t liable for Hezbollah rockets attacks on Israel in 2006 because of financial transactions, an appeals court ruled, affirming a lower court’s dismissal of a suit brought by families of U.S., Israeli and Canadian victims.
A lawyer for Facebook Inc. said she was “unsure” whether company founder Mark Zuckerberg signed a contract that purportedly entitles a New York man to 84 percent of the world’s biggest social-networking service.
Citigroup Inc. will pay $75 million to settle U.S. regulatory claims that it misled investors by failing to disclose billions of dollars in holdings tied to subprime mortgages while the housing crisis unfolded.
Goldman Sachs Group Inc. and Citigroup Inc., whose offices in New York’s evacuation zone for Hurricane Irene escaped major damage, are among Wall Street banks that will resume business today as exchanges open. Employees still face a gauntlet getting there.
AMR Corp. ’s American Airlines agreed to give evidence against other carriers and pay $5 million to a group of freight shippers to settle a New York class-action lawsuit over its role in a global price-fixing cartel.