Articles by Jonathan Stempel

GM Must Face Class Actions Over Defective Transmissions

A federal judge in Detroit certified class actions for drivers in 26 U.S. states who accused General Motors Corp. of producing faulty transmissions for about 800,000 vehicles from the 2015 to 2019 model years. Monday’s decision by U.S. District Judge …

Zuckerberg, Meta Are Sued for Failing to Address Sex Trafficking, Child Exploitation

A new lawsuit accuses Mark Zuckerberg and other Meta Platforms Inc. executives and directors of failing to do enough to stop sex trafficking and child sexual exploitation on Facebook and Instagram. The complaint made public late Monday by several pension …

Norfolk Southern Shareholders Sue Over Ohio Derailment

Norfolk Southern Corp. shareholders have accused the railroad of defrauding them by prioritizing profit over safety prior to last month’s derailment of a train carrying hazardous chemicals in East Palestine, Ohio. In a lawsuit filed March 16 in Columbus, Ohio, …

Judge Blocks Forced Arbitration of Diners’ Pricing Claims Against Meal Delivery Firms

A federal judge in Manhattan on Thursday said Grubhub, Uber Eats and Postmates cannot force diners who have used their platforms into binding arbitration over claims they conspired to drive up prices for restaurant meals during the COVID-19 pandemic. The …

Berkshire Hathaway to Beef Up Risk Disclosures Following SEC Request

Berkshire Hathaway Inc. agreed to better explain how its board of directors manages risks, including those taken by longtime Chairman Warren Buffett, after the U.S. Securities and Exchange Commission asked that it do a better job. In correspondence made public …

U.S. Sues Rite Aid for Missing Opioid Red Flags

The U.S. government on Monday sued Rite Aid Corp., accusing the pharmacy chain of missing “red flags” as it illegally filled hundreds of thousands of prescriptions for controlled substances, including opioids. In a complaint filed in Cleveland federal court, the …

JPMorgan Must Hand Over CEO Dimon’s Records in Jeffrey Epstein Lawsuit

A U.S. judge on Thursday ordered JPMorgan Chase & Co. to hand over more documents concerning Chief Executive Jamie Dimon to the U.S. Virgin Islands for the territory’s lawsuit accusing the bank of aiding in Jeffrey Epstein’s sex trafficking. U.S. …

Tesla, Musk Sued by Shareholders Over Self-Driving Safety Claims

Tesla Inc. and its Chief Executive Elon Musk were sued on Monday by shareholders who accused them of overstating the effectiveness and safety of their electric vehicles’ Autopilot and Full Self-Driving technologies. In a proposed class action filed in San …

TD, Other Banks Reach $1.35B Settlements to End Stanford Litigation

Three banks agreed to pay $1.35 billion to resolve litigation by former Allen Stanford investors who accused them of contributing to the imprisoned financier’s massive Ponzi scheme. Canada’s Toronto-Dominion Bank will pay $1.205 billion, HSBC Holdings Plc will pay $40 …

FedEx Loses Bid to Undo $366M Racial Bias Verdict, Files Appeal

A U.S. judge rejected FedEx Corp’s request to throw out or reduce a jury’s $366 million damages award to a Black former employee who said the package delivery company fired her after she complained about racial discrimination. FedEx appealed the …