Articles by Chris Dolmetsch

Ex-FDNY Chief Gets 20 Months Over Bribes to Expedite Inspections

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 …

Citi Pushes Back on New York’s Online Fraud Suit: We’re Not ‘Bad Guys’

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 …

Ship Owner in Bridge Collapse Seeks to Limit Its Liability

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, …

Titanic Law Helps Ship Owner Limit Bridge Collapse Liability

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 …

Would-Be Everton Owner 777 Partners Faces Lawsuit Over Asset Transfers

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 …

New York City Sues Social Media Platforms Over Teen Mental-Health Concern

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 …

Johnson & Johnson Worker’s Lawsuit Alleges Company Overpaid for Drugs

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 …

Ken Griffin Pushed to Testify in Ron Perelman’s $410 Million Art Fight

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 …

Coinbase Suit May Finally Send Crypto Debate to Supreme Court

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 …

Tesla’s $2.6 Billion SolarCity Buyout Ruled Fair as Dismissal of Shareholder Suit Upheld

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 …