Articles by Jonathan Stempel

Hearst Settles Magazine Subscribers’ Michigan Privacy Claim for $50 Million

Hearst Communications Inc. on Thursday reached a $50 million settlement of a lawsuit claiming it violated Michigan privacy law by selling its magazine subscribers’ personal information to third parties without consent. Lawyers for the subscribers called the proposed class-action settlement …

Court Rules Airport Screeners Shielded From Passenger Abuse Claims

Fliers may have a tough time recovering damages for invasive screenings at U.S. airport security checkpoints, after a federal appeals court on Wednesday said screeners are immune from claims under a federal law governing assaults, false arrests and other abuses. …

Jury Convicts Press Release Hackers Involved in Illegal Trading Scheme

A federal jury in Brooklyn, New York on Friday convicted two men for their roles in an international scheme to make millions of dollars by illegally trading on corporate press releases that were stolen by computer hackers before they became …

Lawsuit Claims Guggenheim Defrauded Insurance Buyers to Buy Baseball Team

Guggenheim Partners, overseen by billionaire Mark Walter, is facing a lawsuit claiming it defrauded annuity investors by saddling an insurance affiliate with risky assets, and siphoning cash for purposes including Walter’s purchase of the Los Angeles Dodgers baseball team. The …

Fujifilm Sues Xerox for Failed Merger, Citing Lack of ‘Shareholder Democracy’

Fujifilm Holdings Corp. sued Xerox Corp. on Monday for well over $1 billion, faulting the printer and copier company for succumbing to pressure from activist investors Carl Icahn and Darwin Deason in calling off a proposed merger. In a complaint …

New York Top Court Narrows Martin Act in $11B Credit Suisse Case

New York’s highest court on Tuesday curbed the state attorney general’s ability to fight fraud on Wall Street, awarding a victory to Credit Suisse Group AG as it tries to end an $11 billion lawsuit over risky mortgage securities. By …

Former Uber Engineer Files Suit for Harassment, Retaliation

A former software engineer at Uber Technologies Inc. has filed a lawsuit against the ridesharing service, claiming she was subjected to sexual harassment and subjected to retaliation for complaining about it. The lawsuit by Ingrid Avendano provides a test of …

Charity Wins $3.3 Million from Anonymous Bidder for Lunch with Buffet

An anonymous bidder has agreed to pay $3,300,100 at auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc . The winning bid came near the end of a five-day online auction on eBay …

Former Uber Engineer Files Suit for Harassment, Retaliation

A former software engineer at Uber Technologies Inc. has filed a lawsuit against the ridesharing service, claiming she was subjected to years of sexual harassment there and subjected to retaliation for complaining about it. The lawsuit by Ingrid Avendano provides …

Buffett Says Healthcare Venture CEO Pick Coming Soon

Warren Buffett on Saturday said he hoped a chief executive would be found within a couple of months for the healthcare company being set up by Berkshire Hathaway Inc, Amazon.com Inc and JPMorgan Chase & Co. to lower patient costs. …