Articles by Jonathan Stempel

Sarah Palin’s Positive COVID Test Delays New York Times Defamation Trial

Sarah Palin, the 2008 Republican U.S. vice presidential candidate and former Alaska governor, has tested positive for the coronavirus, forcing a U.S. judge on Monday to delay her defamation trial against The New York Times. Jury selection and opening statements …

Sarah Palin’s Defamation Trial Against New York Times Scheduled to Start

Sarah Palin, the former Alaska governor and 2008 Republican vice presidential nominee, has spent 4-1/2 years battling the New York Times over an editorial she said falsely linked her to a deadly Arizona mass shooting that left a U.S. congresswoman …

Judge Narrows SEC Claim vs Morningstar Over Undisclosed Bond Rating Changes

A U.S. judge on Wednesday narrowed but refused to dismiss a Securities and Exchange Commission lawsuit accusing Morningstar Inc. of letting analysts adjust credit rating models for about $30 billion of mortgage securities, resulting in lower payouts to investors. U.S. …

Federal Appeals Court Revives Libor-Rigging Claims Against Big Banks

A U.S. appeals court on Thursday revived litigation accusing a slew of large banks of conspiring to rig the Libor interest rate benchmark, including during the 2008 financial crisis, to boost profits at investors’ expense and make the banks appear …

Judge Rules Goldman Sachs Must Again Face 2008 Securities Fraud Class Action

Goldman Sachs Group Inc .must again face a class action by shareholders who said they lost $13 billion because the Wall Street bank hid conflicts of interest when creating risky subprime securities before the 2008 financial crisis, a judge ruled …

Four Employees Sue Claiming Bristol Myers Refused Vaccine Religious Exemptions

Bristol Myers Squibb Co. was sued on Wednesday by four employees who said the drugmaker refused to grant them religious exemptions from its COVID-19 vaccination requirement, and threatened to fire them on Dec. 6 for remaining unvaccinated. The plaintiffs in …

Judge Tosses $10B Advertising Bias Lawsuit Against McDonald’s for Insufficient Evidence

A U.S. judge has dismissed a $10 billion lawsuit against McDonald’s Corp. by the media entrepreneur Byron Allen, who accused the fast-food chain of racial discrimination for not advertising with Black-owned media. U.S. District Judge Fernando Olguin in Los Angeles …

New York Seeks Monitor to Oversee Amazon Worker Safety

New York state’s attorney general on Tuesday asked a state judge to appoint a monitor to oversee worker safety at an Amazon.com Inc. fulfillment center in New York City, citing the retailer’s alleged rollbacks of COVID-19 safety measures that were …

JPMorgan Beats Insurers in Appeal Over $140M Bear Stearns Settlement

New York’s highest court ruled on Tuesday that JPMorgan Chase & Co. is entitled to insurance coverage for $140 million of a U.S. Securities and Exchange Commission settlement with the former Bear Stearns Cos. over improper mutual fund trading. Reversing …

U.S. Court Rejects Israeli Firm’s Immunity From Facebook Suit Over Malware

A U.S. appeals court said Facebook can pursue a lawsuit accusing Israel’s NSO Group of exploiting a bug in its WhatsApp messaging app to install malware allowing the surveillance of 1,400 people, including journalists, human rights activists and dissidents. In …