Articles by Jonathan Stempel

Lawsuit Alleges ‘Boys’ Club’ at Citigroup Unfair to Women

A former Citigroup Inc. financial adviser on Monday filed a lawsuit accusing the bank of running a “boys’ club” that favored men over women, treating her as a “glorified secretary,” and firing her in retaliation for whistleblowing activity. Erin Daly …

Sirius May Settle Music Copyright Suit Brought by The Turtles for $100M

Sirius XM Holdings Inc. may pay close to $100 million after settling a copyright lawsuit brought by founding members of the 1960s band The Turtles over the satellite radio company’s broadcast of songs made before 1972. Terms of the proposed …

Wells Fargo Facing Suit by Employees Over Retirement Funds Management

Wells Fargo & Co. faces a new U.S. lawsuit claiming that it funneled more than $3 billion of employee retirement savings into expensive, underperforming proprietary mutual funds to enrich itself. The proposed class-action lawsuit, filed Nov. 22 in federal court …

Plaintiffs Strike Out with Suit Seeking More Baseball Stadium Safety Netting

A U.S. judge has dismissed a lawsuit seeking to require the 30 Major League Baseball teams to extend netting at stadiums farther down the first- and third-base lines to protect fans from injuries caused by foul balls and broken bats. …

Judge Rules AIG Must Defend Bill Cosby in Defamation Claims

A federal judge said Bill Cosby’s homeowner’s insurance company must defend him against three civil defamation lawsuits in Massachusetts brought by several women who accused the once-beloved entertainer of sexual abuse. In a decision on Tuesday, U.S. District Judge Mark …

Suit Against Yahoo Claims ‘Gross Negligence’ Over Data Breach

Yahoo Inc. was sued on Friday by a user who accused it of gross negligence over a massive 2014 hacking in which information was stolen from at least 500 million accounts. The lawsuit was filed in the federal court in …

$500 Million Lawsuit Accuses NASCAR of Racial Discrimination

NASCAR was hit with a $500 million lawsuit accusing the auto racing body of racial discrimination for preventing black-owned teams and drivers from competing, including in the Sprint Cup Series. Terrance Cox and his company, Diversity Motorsports Racing LLC, filed …

U.S. Lawsuit Against Samsung Claims Injuries from Galaxy 7 Explosion

Samsung Electronics Co. was sued on Friday by a Florida man who said he suffered severe burns after his Galaxy Note 7 smartphone exploded in his front pants pocket. The lawsuit by Jonathan Strobel may be the first in the …

Court Reinstates Whistleblower Retaliation Claim Against JPMorgan

A federal appeals court on Monday revived a former JPMorgan Chase & Co. private banker’s whistleblower lawsuit accusing the bank of firing her in retaliation for warning that an Israeli client might be committing fraud. The 2nd U.S. Circuit Court …

Willis to Pay $120 Million to Settle Claims Over Stanford Ponzi Scheme Role

The insurance brokerage Willis Towers Watson Plc has agreed to pay $120 million to settle litigation accusing it of helping now-imprisoned Texas financier Allen Stanford run a $7.2 billion Ponzi scheme, court papers show. The papers, in which Willis denied …