April 1, 2025
A former New York City Fire Department chief will spend 20 months behind bars after admitting to taking thousands of dollars of bribes in exchange for preferential treatment on building inspections and approvals. Brian Cordasco, a chief in the Bureau …
October 9, 2024
Citigroup Inc. said US banks will be forced into a “dramatic shift” in how electronic payments are processed if New York state wins a lawsuit claiming the company doesn’t do enough to prevent online fraud. Lawyers for the company’s Citibank …
April 2, 2024
The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the eastern US transportation network into chaos, is seeking to limit its liability to about $43.7 million. The company, Grace Ocean, …
March 27, 2024
The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims after the accident sent vehicles plunging into the water and threw the eastern US transportation network into chaos. But …
March 13, 2024
The investment manager trying to buy Everton FC is being sued by a creditor who wants to stop the firm from transferring two subsidiaries, claiming that the transaction was designed to “shield” the assets. Obra Capital said in a New …
February 16, 2024
New York City joined a growing chorus of states, cities and school districts suing social media companies over claims that their platforms are fueling a mental-health crisis among teens, alleging that Meta Platforms and others exploit children and adolescents. The …
February 8, 2024
Johnson & Johnson was sued by an employee who said the company’s health plan wasted workers’ money by paying inflated prices for prescription drugs. In one instance, the health plan agreed to pay more than $10,000 for a drug to …
June 20, 2023
What do billionaire Ken Griffin, a Hamptons fire and Cy Twombly’s painting Untitled (1971) have in common? The answer: Ron Perelman’s three-year dispute with a group of insurers about a portion of his extensive art collection. Perelman, 80, submitted some …
June 9, 2023
The SEC’s new lawsuit against Coinbase Global Inc. appears best positioned among cryptocurrency cases to let the US Supreme Court finally decide if digital assets count as securities. The crypto tokens traded by Coinbase users should be treated as unregistered …
June 7, 2023
esla Inc.’s $2.6 billion acquisition of SolarCity in 2016 was “entirely fair” to shareholders, Delaware’s top court ruled, upholding the dismissal of an investor lawsuit and sparing Elon Musk from a potential multibillion-dollar hit. The Delaware Supreme Court on Tuesday …