SEC Sues Crypto Exchange Coinbase, One Day After Suing Binance June 7, 2023 By Jonathan Stempel The U.S. Securities and Exchange Commission on Tuesday sued Coinbase, accusing the largest U.S. cryptocurrency platform of operating illegally because...
SEC Sues Binance and Founder Zhao Over ‘Web of Deception’ June 6, 2023 By Hannah Lang, Jonathan Stempel and Tom Wilson U.S. regulators sued Binance and its CEO Changpeng Zhao on Monday for allegedly operating a “web of deception,” piling further...
Judge Throws Out Shareholder Lawsuit Against Elon Musk Over Twitter Buyout May 23, 2023 By Jonathan Stempel A judge dismissed a proposed class-action lawsuit against Elon Musk that claimed he cheated Twitter shareholders several times last year...
Lawsuit Over Trident ‘Original Flavor’ Gum Is Dismissed May 22, 2023 By Jonathan Stempel A federal judge in Illinois has dismissed a lawsuit accusing Mondelez International Inc of deceiving consumers into believing its Trident...
Norfolk Southern Bondholders Sue Over Safety Disclosures Preceding Ohio Derailment May 18, 2023 By Jonathan Stempel Norfolk Southern Corp was sued on Tuesday by bondholders who said they lost hundreds of millions of dollars because the...
Elon Musk Loses Bid to End SEC ‘Muzzle’ Over Tweets May 16, 2023 By Jonathan Stempel A federal appeals court on Monday rejected Elon Musk’s bid to modify or end his 2018 securities fraud settlement with...
Byron Allen Sues McDonald’s for Allegedly Lying About Commitment to Black Media May 9, 2023 By Jonathan Stempel The media entrepreneur Byron Allen has filed a second lawsuit against McDonald’s Corp over the fast-food chain’s alleged refusal to...
California Woman Who Sued Over Subway Tuna Seeks to Quit Case; Subway Demands Sanctions May 8, 2023 By Jonathan Stempel The California woman suing Subway for claiming its tuna products contain ingredients other than tuna wants to end her lawsuit...
Judge Says No Class Action Against Peloton Over Fitness Class Availability May 4, 2023 By Jonathan Stempel A U.S. judge has refused to let Peloton Interactive Inc customers pursue a class action accusing the bike and treadmill...
First Republic, KPMG Are Sued for Concealing Bank’s Risks April 25, 2023 By Jonathan Stempel First Republic Bank has been sued by shareholders who accused the beleaguered U.S. regional bank of concealing how rising interest...