Articles by Jonathan Stempel

Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed

A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc. CEO Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer in the 2008 financial crisis. The …

Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed

A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc Chief Executive Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer at the height of the …

Massachusetts Pharmacy to Pay $100M to Victims of Meningitis Outbreak

Owners and insurers of a now-bankrupt Massachusetts pharmacy linked to a deadly meningitis outbreak have agreed to pay more than $100 million to compensate victims, families of victims and creditors. The preliminary settlement announced on Monday, which requires court approval, …

Cantor Fitzgerald, American Airlines Settle 9/11 Lawsuit

Cantor Fitzgerald has agreed to settle a lawsuit against American Airlines Group Inc and its insurers over business and property losses stemming from the Sept. 11, 2001, attacks on the World Trade Center, in which the Wall Street company lost …

Court Shields Developers From Terrorism-Related Damages in 9/11 Case

A federal appeals court in New York has given developers and builders of high-rises and other buildings added protection from lawsuits over property losses linked to terrorism, in a case stemming from the Sept. 11, 2001 attacks. A divided panel …

Google Wins Copyright Scanning Case Against Authors; Judge Finds ‘Fair Use’

Google Inc. on Thursday won dismissal of a long-running lawsuit by authors who accused the Internet search company of digitally copying millions of books for an online library without permission. U.S. Circuit Judge Denny Chin in Manhattan accepted Google’s argument …

Judge Dismisses Suit Against Bank of America For Not Disclosing AIG Claims

Bank of America Corp. has won the dismissal of an unusual lawsuit in which shareholders accused it of concealing a $10 billion fraud case brought by American International Group Inc. In a decision made public on Monday, U.S. District Judge …

Bank of America, Merrill Settle Gender Bias Claims for $39M

Bank of America Corp. agreed to pay $39 million to settle a gender bias lawsuit by female brokers who claimed they were paid less than men and deprived of handling their fair share of lucrative accounts, court papers made public …

S&P Says Federal $5B Fraud Lawsuit ‘Retaliation’ for U.S. Downgrade

Standard & Poor’s said on Tuesday the U.S. government filed a $5 billion fraud lawsuit against it in “retaliation” for its 2011 decision to strip the country of its “AAA” credit rating. The McGraw Hill Financial Inc unit was the …

Judge Says Bernanke Should Testify in Greenberg’s Suit Against Bailout

A U.S. judge said Federal Reserve Chairman Ben Bernanke should be required to testify in the lawsuit by the former chief of American International Group Inc., Maurice “Hank” Greenberg, against the United States over the insurer’s 2008 bailout. Judge Thomas …