Articles by Jonathan Stempel

Whistleblower Loses Out on $864M Moody’s Ratings Settlement

A federal judge on Thursday dismissed a whistleblower lawsuit by a former Moody’s Investors Service managing director and said he deserves none of the $863.8 million that Moody’s agreed to pay to settle claims it inflated mortgage ratings prior to …

Judge Dismisses 15-Year Case Against UBS Over Enron Collapse

A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp. from retail customers, a decision that may end a 15-year legal battle stemming from the energy company’s December …

Sirius XM Wins Dismissal of Turtles Copyright Lawsuit in New York

Sirius XM Holdings Inc. on Thursday won the dismissal of a New York copyright lawsuit over the satellite radio company’s playing of older songs by the 1960s band The Turtles and other artists, reducing the size of a related settlement …

U.S. and New York Accuse Firm of Scamming 9/11 Heroes, NFL Retirees

A company that advances money to people awaiting settlement payouts was accused by New York and federal regulators of scamming sick responders to the Sept. 11, 2001 attacks, as well as National Football League retirees with brain injuries. RD Legal …

Wal-Mart Owes New Hampshire Pharmacist $16.08M for Gender Bias

Wal-Mart Stores Inc. has been ordered by a federal judge to pay $16.08 million to a former New Hampshire pharmacist in a gender bias case, but the amount is only about half what a jury awarded and may fall substantially …

MF Global’s Corzine to Pay U.S. Regulator $5 Million Over Firm’s Collapse

Jon Corzine, former New Jersey governor and Goldman Sachs co-chairman, will pay a $5 million civil fine to settle a U.S. regulator’s lawsuit over the 2011 collapse of his commodity brokerage, MF Global Holdings Ltd. Thursday’s accord with the U.S. …

Coke Gets Taste of a Lawsuit Over Health Risks of Sugary Drinks

Coca-Cola Co. and the American Beverage Association trade group were sued on Wednesday for allegedly misleading consumers about the health risks from consuming sugary beverages. The nonprofit Praxis Project accused the defendants of downplaying the risks to boost sales, despite …

United Settles Lawsuit Over Safety Hazards at New Jersey Airport

United Continental Holdings Inc. will install new conveyor belts and take other steps to improve worker safety at its Newark Liberty International Airport hub in New Jersey, after federal inspectors found hazardous conditions in its baggage handling operations there. The …

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 …