The American Bankers Association, a group that represents mostly community banks, has filed a complaint challenging the final version of the Volcker Rule, Bloomberg reported.

JPMorgan Chase has filed a case against the Federal Deposit Insurance Corporation in a bid to recover more than a billion dollars from the government agency which managed the receivership of Washington Mutual.

UK-based lender Barclays denied allegations that it manipulated electricity prices in California. It asked the the court to stop the US Federal Energy Regulatory Commission from collecting fines.

The Louisiana Sheriffs' Pension and Relief Fund sued IBM for its cooperation with the National Security Agency over a spying program that allegedly hurt investors, Bloomberg reported.

Concert promoter AEG Live was not responsible for Michael Jackson's death, the jury ruled. A jury in a Los Angeles court cleared concert promoter AEG Live of any liability in Michael Jackson's death in 2009.

Mumbai-based Kingfisher Airlines sued International Aero Engines for engine defects. Mumbai-based Kingfisher Airlines Ltd filed a lawsuit against International Aero Engines (IAE) for defects in the planes' engines.

U.S. judge approves USD20 million Facebook settlement on lawsuit over targeted ads. A U. S. judge granted final approval on Monday to Facebook's USD20 million settlement despite objections from plaintiff's that the lawsuit failed to cover children's privacy.

Judge Denise Cote ruled that Ally's Residential Capital LLC (ResCap) can still be sued by the Federal Housing Finance Agency despite declaring bankruptcy.

The pinch-to-zoom patent lawsuit of Apple against Samsung was rejected by US Patent and Trademark Office.

Lululemon was sued for fraud over sheer yoga pants and its CEO sudden resigned. The CEO of Lululemon Athletica Inc. suddenly decided to resign from her position.