Articles by Jonathan Stempel

Court Frees Goldman from Paying Ex-VP’s Legal Fees

Goldman Sachs Group Inc. should not have been ordered to pay former programmer Sergey Aleynikov’s legal fees to defend against criminal charges that he stole secret code from the bank’s computers, a divided federal appeals court ruled on Wednesday. All …

Advice to Bankrupt MF Global Could Cost Accounting Firm $1 Billion

A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd., a brokerage run by former New Jersey …

U.S. Loses Bid to Dismiss $25B Lawsuit Over AIG Bailout

A federal judge has rejected the United States’ bid to dismiss a more than $25 billion lawsuit filed by Maurice “Hank” Greenberg, the former chief executive of American International Group Inc., over the insurer’s government bailout, clearing the way for …

Court Orders Travelers to Pay $500M in Johns-Manville Asbestos Claims

A federal appeals court on Tuesday ordered Travelers Cos. Inc. to pay more than $500 million to satisfy asbestos-related claims stemming from the insurer’s coverage of insulation maker Johns-Manville Corp., a policyholder that spent six years in bankruptcy during the …

Judge Allows $1B Malpractice Claim Against PwC Over MF Global Collapse

A federal judge on Wednesday rejected PricewaterhouseCoopers’ request to dismiss a $1 billion lawsuit accusing the auditor of providing bad accounting advice that contributed to the October 2011 collapse of MF Global Holdings Ltd, a brokerage run by former New …

U.S. Appeals Court Revives WTC Cleanup Workers’ Health Claims

A federal appeals court in New York has revived claims by 211 cleanup workers who sought compensation for their alleged exposure to toxic contaminants in buildings near the World Trade Center site after the Sept. 11, 2001, attacks. The 2nd …

Court Tosses Liability Claims Against Painkiller Drugmakers

A federal appeals court on Friday upheld the dismissal of nearly all claims in 68 cases seeking to hold drug makers liable for injuries from the use of the prescription painkillers Darvon and Darvocet, which were pulled from the U.S. …

BP Wants Business to Repay ‘Windfall’ Oil Spill Claim Overayments

BP Plc has asked a U.S. judge to direct what it called a “vast number” of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico …

Judge Allows Lawsuit Against LinkedIn Over Use of Email Addresses

A federal judge said LinkedIn Corp. must face a lawsuit by customers who claimed it violated their privacy by accessing their external email accounts, downloading their contacts’ email addresses and soliciting business from those contacts. U.S. District Judge Lucy Koh …

Federal Appeals Court Rules Bonus Payout for WTC Site Workers Premature

A judge acted prematurely in awarding a $55 million bonus payment to thousands of rescue and cleanup workers at the World Trade Center site who settled lawsuits against New York City over damage to their health, a federal appeals court …