Articles by Jonathan Stempel

Anheuser Busch: This Beer Drinkers’ Class Action’s For You

Anheuser Busch Inbev SA has been sued by a U.S. beer drinker who claimed he was duped into believing its Leffe brand beer was brewed in a Belgian abbey, rather than mass produced in an automated factory that also makes …

Berkshire Hathaway Balks at Reporting on Climate Change Risks

Warren Buffett’s compensation for running Berkshire Hathaway Inc. edged up 1 percent last year to $470,244, reflecting an increase in the cost of keeping the billionaire safe. Buffett’s salary remained at $100,000, the same amount he has received for more …

Federal Judge Rules BP Absolved from U.S. Lawsuits Over Drilling Ban

BP Plc does not have to face U.S. lawsuits by energy and drilling companies over losses they suffered from an offshore drilling ban imposed soon after the 2010 Gulf of Mexico oil spill, a federal judge ruled. U.S. District Judge …

Home Depot Settles Data Breach Lawsuit for $19.5M

Home Depot Inc. agreed to pay at least $19.5 million to compensate U.S. consumers harmed by a 2014 data breach affecting more than 50 million cardholders. The home improvement retailer will set up a $13 million fund to reimburse shoppers …

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 …