Articles by Basil Katz and Jonathan Stempel

United Airlines Not Liable for Alleged 9/11 Security Lapse: Judge

United Airlines bears no responsibility for suspected security lapses at a Maine airport, which allowed hijackers to board the American Airlines plane that crashed into one of the World Trade Center towers on Sept. 11, 2001, a federal judge ruled. …

U.S. Trial Set in Chevron Fraud Case Against Ecuador Lawyers

A U.S. trial has been set for next fall in a Chevron Corp lawsuit that accuses Ecuadorean residents, their lawyers, and advisers of fraud in obtaining a $19 billion pollution award against the U.S. oil company. U.S. District Judge Lewis …

Facebook IPO Lawsuits to Be Heard in Court in New York

Dozens of lawsuits against Facebook Inc., the NASDAQ exchange and various underwriters will be centralized before a federal judge in New York, who must sort through the legal aftermath of Facebook’s botched initial public offering. A panel of federal judges …

Facebook IPO Lawsuits Likely to Be Heard by New York Judge

Facebook Inc. and most of its adversaries in a raft of lawsuits over its $16 billion initial public offering can agree on at least one thing: that the cases should be heard in a New York court. At a hearing …

U.S. Judge Puts New Lawsuits Against Banks Over Libor on Hold

A federal judge on Wednesday suspended several new lawsuits that allege banks rigged key interest rates, saying she first needed to sort through the issues in an earlier round of related lawsuits. U.S. District Judge Naomi Reice Buchwald said from …

Facebook Outlines Defense in Messy IPO Case

Facebook Inc., facing a raft of lawsuits from investors seeking to recoup losses from its botched IPO, laid out on Friday how cascading Nasdaq trading glitches might have stoked the confusion that marred its May 18 debut. The No. 1 …

U.S. Court Unfreezes $18 billion Ecuador Award against Chevron

A U.S. appeals court reversed an order freezing enforcement outside of Ecuador of an $18 billion damages award against Chevron Corp over pollution in the Amazonian rain forest. The order, issued by the 2nd U.S. Circuit Court of Appeals in …

Court Says Suit Can Proceed over WTC Tower Collapse

The Port Authority of New York and New Jersey can be sued for negligence over the collapse of a World Trade Center building in the Sept. 11 attacks in 2001, a U.S. appeals court ruled Tuesday. The agency is one …

Chevron, Ecuadoreans Spar over Halted Damage Award

Lawyers for Ecuadorean villagers who sued Chevron Corp over pollution in the Amazon rain forest asked a U.S. appeals panel Tuesday to modify a court order that halted enforcement of an $8.6 billion award against the oil company. The lawyers …