Articles by Jonathan Stempel

Panel-Maker Arconic Sued in U.S. Over Losses Linked to London Tower Fire

A shareholder of Arconic Inc. on Thursday filed a lawsuit accusing the company of defrauding shareholders over its supply of cladding panels used at Grenfell Tower, the London high-rise where at least 80 people died in a fire last month. …

Facebook Escapes U.S. Privacy Lawsuit Over User Tracking

A U.S. judge has dismissed nationwide litigation accusing Facebook Inc. of tracking users’ internet activity even after they logged out of the social media website. In a decision late on Friday, U.S. District Judge Edward Davila in San Jose, California …

City of Philadelphia Sues Wells Fargo, Alleges Predatory Lending

The City of Philadelphia sued Wells Fargo & Co. on Monday, accusing the largest U.S. mortgage lender of predatory lending, which violates the federal Fair Housing Act. The lawsuit came two weeks after the U.S. Supreme Court, in a case …

Trump Claims Absolute Immunity from D.C. Wine Bar’s Lawsuit

Lawyers for Donald Trump on Wednesday said the U.S. president has “absolute immunity” from a lawsuit by owners of the Cork Wine Bar in Washington, D.C., who claim that his ownership of a nearby hotel constitutes unfair competition. Trump’s lawyers, …

Greenberg’s Starr to Appeal AIG Bailout Case to Supreme Court

A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc. during the 2008 financial crisis, in a defeat for former chief executive officer Maurice “Hank” Greenberg. The Federal Circuit Court …

Berkshire Hathaway Goes Small with biBERK Online Commercial Site

It has been decades since anyone thought of Warren Buffett’s Berkshire Hathaway Inc., or even its insurance operations, as “very, very small.” But that’s how a senior executive describes biBERK, a unit that lets owners of small businesses shop online …

Court Denies Shareholder Claim Against AIG Bailout Case Led by Starr’s Greenberg

A federal appeals court threw out a ruling that the U.S. government illegally bailed out insurer American International Group Inc. during the 2008 financial crisis, in a defeat for former chief executive officer Maurice “Hank” Greenberg. The Federal Circuit Court …

JPMorgan Not Liable to Madoff Customers, Court Rules

JPMorgan Chase & Co. is not liable to a group of former customers of Bernard Madoff who blamed the bank for being actively involved in his Ponzi scheme and ignoring red flags of fraud, a federal appeals court ruled on …

United Passenger’s Lawyers Preparing to Drag Airline Into Court

Lawyers for the passenger dragged from a United Airlines plane in Chicago filed an emergency request with an Illinois state court on Wednesday to require the carrier to preserve video recordings and other evidence related to the incident. Citing the …

Goldman Sachs Loses Bid to Limit Class Action Alleging Gender Discrimination

A federal judge on Wednesday rejected Goldman Sachs Group Inc.’s bid to dismiss two of the four female plaintiffs in a proposed class-action lawsuit accusing the bank of discriminating against women in pay and promotions. U.S. District Judge Analisa Torres …