Articles by Jonathan Stempel

U.S. Court Says Foreign Wealth Funds Not Always Immune from U.S. Fraud Claims

Foreign sovereign wealth funds are not automatically immune from U.S. lawsuits claiming that they defrauded investors into buying securities in the United States by making misleading statements outside the country, the federal appeals court in Manhattan ruled. The 2nd U.S. …

Wal-Mart Ordered to Pay New Hampshire Pharmacist $31M in Bias Case

Wal-Mart Stores Inc was ordered by a federal jury in New Hampshire to pay $31.22 million to a pharmacist who claimed she was fired because of her gender and in retaliation for complaining about safety conditions. The Concord, New Hampshire, …

First ‘Bellwether’ GM Ignition Switch Trial Set to Open Jan. 11

A U.S. judge last Wednesday rejected General Motors Co.’s bid to dismiss the first so-called “bellwether” case over defective ignition switches in its vehicles, clearing the way for a Jan. 11 trial. U.S. District Judge Jesse Furman in Manhattan said …

Judge OKs 2 Shareholder Class Actions Against Facebook Over IPO

A federal judge has certified two shareholder class actions accusing Facebook Inc. of hiding concerns about its growth forecasts prior to the social media company’s May 2012 initial public offering. U.S. District Judge Robert Sweet in Manhattan said retail and …

GM Does Not Have to Turn Over Privileged Ignition Switch Documents: Judge

General Motors Co. and its law firm need not turn over privileged documents to drivers hoping to show that the automaker intended to commit a crime or fraud by concealing defective ignition switches in their vehicles, a Manhattan federal judge …

Illinois Supreme Court Voids $10.1B Philip Morris ‘Light’ Verdict

The Illinois Supreme Court on Nov. 4 threw out a $10.1 billion verdict against Philip Morris USA in a long-running lawsuit accusing the Altria Group Inc. unit of misleading smokers about the health risks of “light” cigarettes. By a 4-2 …

Conn. High Court Reinforces Protections for Private Sector Whistleblowers

Connecticut’s highest court made it easier for private sector workers to bring whistleblower claims against their employers without fear of retaliation, ruling in a case brought by a former UBS AG real estate executive. By a 7-0 vote, the Connecticut …

Court Gives WTC Developer Chance to Recoup More Money for Rebuilding

A federal appeals court has given the developer Larry Silverstein a new chance to recoup more money for rebuilding the World Trade Center site in New York, on top of the $4.1 billion of insurance proceeds he has received. The …

YouTube Dancing Baby Recasts ‘Fair Use’ Under Copyright Law

Copyright holders must consider “fair use” before demanding that people remove videos they post online, such as on Google Inc.’s YouTube, a U.S. appeals court ruled on Monday. In a closely followed case over the home video of a toddler …

Bill Cosby Asks Court to Nix Lawsuit by AIG Over Defamation Claims

Bill Cosby, citing financial pressures, asked a federal judge to dismiss or put on hold a lawsuit in which American International Group Inc. seeks to avoid paying for his defense against defamation claims by women who also accused him of …