Articles by Jonathan Stempel

BP Wants Business to Repay ‘Windfall’ Oil Spill Claim Overayments

BP Plc has asked a U.S. judge to direct what it called a “vast number” of businesses to repay hundreds of millions of dollars it says were wrongly awarded as compensation on claims stemming from the 2010 Gulf of Mexico …

Judge Allows Lawsuit Against LinkedIn Over Use of Email Addresses

A federal judge said LinkedIn Corp. must face a lawsuit by customers who claimed it violated their privacy by accessing their external email accounts, downloading their contacts’ email addresses and soliciting business from those contacts. U.S. District Judge Lucy Koh …

Federal Appeals Court Rules Bonus Payout for WTC Site Workers Premature

A judge acted prematurely in awarding a $55 million bonus payment to thousands of rescue and cleanup workers at the World Trade Center site who settled lawsuits against New York City over damage to their health, a federal appeals court …

S&P Loses Bid to Keep 16 States’ Lawsuits Over Ratings in Federal Court

Standard & Poor’s suffered a defeat on Tuesday in litigation accusing it of issuing misleading credit ratings prior to the 2008 financial crisis, as a federal judge ruled that lawsuits by 16 U.S. states and Washington, D.C. belong in state …

Judge Rejects Ex-AIG CEO Greenberg’s Bid to Avoid Trial

A New York state judge has rejected a request by Maurice “Hank” Greenberg, the former American International Group Inc. chief executive officer, to dismiss a long-running civil lawsuit by the state’s attorney general. Greenberg, now 89, and former AIG Chief …

Bank of America Off Hook for Allegedly Hiding AIG Lawsuit: Court

A federal appeals court said Bank of America Corp. was not liable to shareholders for allegedly concealing a $10 billion fraud lawsuit by American International Group Inc., whose filing led to a 20-percent one-day plunge in the bank’s stock price. …

Judge Grants Dow Jones Injunction Against ‘Hot News’ User of Its Content

Dow Jones & Co has won a court order to stop the London-based service Ransquawk from broadcasting its news content within seconds of publication, without permission, to traders and other subscribers. It is unclear how the permanent injunction granted late …

Judge Denies New York Fed Employee Whistleblower Protection Over Firing

A federal judge on Wednesday dismissed a lawsuit against the Federal Reserve Bank of New York by a former bank examiner who claimed the Fed fired her after she refused to change certain findings about Goldman Sachs Group Inc. U.S. …

Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed

A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc. CEO Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer in the 2008 financial crisis. The …

Court Dismisses Ex-AIG CEO Greenberg’s Bailout Lawsuit Against New York Fed

A federal appeals court upheld the dismissal of a lawsuit by former American International Group Inc Chief Executive Maurice “Hank” Greenberg accusing the Federal Reserve Bank of New York of unlawfully bailing out the insurer at the height of the …