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Insurer AIG says it will not join a $25bn (£16bn) lawsuit against the US government, which alleges that the terms of its rescue deal were unfair.

Hollywood-funded anti-piracy group BREIN says it will pursue a similar strategy to its counterparts in the United States and UK by pressuring payment processors like PayPal to stop doing business with file-sharing sites. But BREIN says the processors must go further. Either they can voluntarily hand over the names of the admins behind the site accounts, or they will go to court and sue them into submission.

Technology giant Microsoft sued Barnes & Noble, alleging the US bookseller's electronic book reader Nook infringes its patents.

Citigroup Inc saw several red flags in the dealings of Bernard Madoff's firm years before his multibillion-dollar fraud was exposed in late 2008, the firm's liquidator said in a newly unsealed lawsuit.

Bank of America Corp's Countrywide mortgage unit has been sued by investors claiming they were victimized in a "massive fraud" when they bought mortgage-backed securities.

The investment banker who helped lead the Obama administration's auto industry overhaul has agreed to pay $10 million to settle influence-peddling allegations in New York.

Federal prosecutors in Massachusetts say pharmaceutical company GlaxoSmithKline will pay $750 million to settle allegations that it knowingly manufactured and sold adulterated drugs at its plant in Puerto Rico, including the popular antidepressant Paxil.

CVS/Pharmacy will pay $75 million to settle a case brought by federal prosecutors involving the sale of a key ingredient for the making of methamphetamine at its stores.

Microsoft accused Motorola of violating its patents with smartphones that use Google's Android operating system.

EBay Inc was sued for at least $3.8 billion on Tuesday by a Connecticut company that accused the online auctioneer and retailer of infringing six patents to develop lucrative payment systems such as PayPal.