New York Trial Begins in Bond Insurer Case Over Mortgage-Backed Securities September 8, 2022 By Jody Godoy Bond insurer Ambac Financial Group Inc. cannot prove its $2.7 billion case against Bank of America over troubled mortgage-backed securities...
Challenge to SEC ‘Gag’ Rule Turned Away by Supreme Court June 21, 2022 By Jody Godoy The U.S. Supreme Court on Tuesday rejected a challenge brought by a former Xerox Corp executive and backed by Elon...
Lyft Reaches $25 Million Settlement of Claims it Hid Safety Problems Before IPO June 20, 2022 By Jody Godoy and Jonathan Stempel Lyft Inc has reached a $25 million settlement to resolve shareholder claims that the ride-hailing company concealed safety problems, including...
Jury Rejects Palin’s Libel Claim Against New York Times February 15, 2022 By Jody Godoy and Jonathan Stempel A U.S. federal jury on Tuesday ruled against Sarah Palin in her lawsuit accusing the New York Times of defaming...
Judge Throws Out Palin Defamation Suit But Still Wants Jury to Issue Verdict February 14, 2022 By Jody Godoy and Jonathan Stempel A U.S. judge said on Monday he will throw out Sarah Palin’s defamation lawsuit against the New York Times, after...
Jury Deliberates Over Palin Defamation Claim Against New York Times February 14, 2022 By Jonathan Stempel and Jody Godoy Jurors began considering whether to hold the New York Times liable for defaming Sarah Palin, after her lawyer on Friday...
Sarah Palin, New York Times Editor Take the Stand in Defamation Trial February 10, 2022 By Jonathan Stempel and Jody Godoy Sarah Palin portrayed herself as a dedicated public servant in testimony in her defamation case against the New York Times,...
Teva to Pay $420M to Settle Shareholder Suit Over Generic Drug Pricing January 19, 2022 By Jody Godoy Teva Pharmaceutical Industries Ltd. has agreed to pay $420 million to settle shareholder litigation alleging the company hid an anti-competitive...
SolarWinds Investors Suit Alleges Board Knew About Cyber Risks November 8, 2021 By Jody Godoy SolarWinds Corp. investors have sued the software company’s directors, alleging they knew about and failed to monitor cybersecurity risks to...
SEC Looking Into Use of Personal Digital Devices by Financial Professionals: Reuters October 13, 2021 By Chris Prentice and Jody Godoy The U.S. Securities and Exchange Commission (SEC) has opened a broad inquiry into how Wall Street banks are keeping track...