Articles by Jonathan Stempel

Judge Dismisses California Lawsuit over Duracell Batteries Guarantee

A federal judge threw out a lawsuit accusing Procter & Gamble Co. of misleading consumers by guaranteeing that Duracell batteries would not fail for 10 years, when in fact the batteries might leak when used or stored normally. In a …

Court Rules ‘Bond King’ Gross Can Pursue $200M Lawsuit Against Allianz’ PIMCO

Bond manager Bill Gross will be able to pursue his lawsuit to recoup at least $200 million he claims that Pacific Investment Management Co. owes him in the wake of his 2014 ouster from the firm he co-founded. California Superior …

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 …

‘Bond King’ Gross Accuses PIMCO of Falsely Claiming He Abandoned Firm

Bond fund manager Bill Gross on Tuesday accused Pacific Investment Management Co. of falsely claiming he suddenly decided to abandon the firm he co-founded in an effort to win dismissal of his $200 million breach-of-contract lawsuit. In papers filed in …

Buffett’s Berkshire Hathaway Annual Meeting to Air Live on Yahoo

Warren Buffett’s Berkshire Hathaway Inc. plans to webcast its annual meeting for the first time, allowing the largest U.S. shareholder gathering to reach a global audience through Yahoo Inc.’s finance page. Viewers will be able to watch Buffett, Berkshire’s 85-year-old …

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. …

Are Tattoos Copyrightable? NBA Video Game Maker Sued for Using LeBron, Kobe Body Art

Take-Two Interactive Software Inc. has been hit with a copyright infringement lawsuit over its depiction of tattoos belonging to National Basketball Association stars LeBron James and Kobe Bryant in a popular video game. In a complaint filed on Monday in …

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, …