Articles by Jonathan Stempel

Elon Musk Sued for $258 Billion Over Alleged Dogecoin Pyramid Scheme

Elon Musk was sued for $258 billion on Thursday by a Dogecoin investor who accused him of running a pyramid scheme to support the cryptocurrency. In a complaint filed in federal court in Manhattan, plaintiff Keith Johnson accused Musk, electric …

Buffett Donates $4 Billion to Charity

Warren Buffett on Tuesday donated about $4 billion to the Bill & Melinda Gates Foundation Trust and four family charities, part of the billionaire’s pledge to give away nearly all of his net worth. Berkshire Hathaway Inc., which Buffett has …

Rudolph Giuliani Sues Smartmatic to Recoup Legal Fees in Fox News Lawsuit

Rudolph Giuliani has sued Smartmatic to recoup legal fees as he defends against its $2.7 billion lawsuit accusing him, Fox News Network and others of falsely claiming that the company helped rig the 2020 U.S. presidential election so Joe Biden …

Deutsche Bank Investors Can Sue in U.S. Over Epstein, Russian Oligarch Ties

A U.S. judge on Monday said shareholders can sue Deutsche Bank for allegedly hiding shortfalls in its internal controls while doing business with risky, ultra-rich clients like the sex offender Jeffrey Epstein and Russian oligarchs. U.S. District Judge Jed Rakoff …

‘Top Gun’ Heirs Sue Paramount Over ‘Top Gun: Maverick’

The family of the author whose article inspired the 1986 Tom Cruise movie “Top Gun” on Monday sued Paramount Pictures for copyright infringement over this year’s blockbuster sequel “Top Gun: Maverick.” According to a complaint filed in Los Angeles federal …

New York Accuses Amazon of Discriminating Against Pregnant and Disabled Workers

The New York State Division of Human Rights has filed a complaint against Amazon.com Inc. accusing the online retailer of discriminating against pregnant and disabled workers at its worksites, Governor Kathy Hochul said on Wednesday. Amazon was also accused of …

Where’s the Beef? McDonald’s, Wendy’s Are Sued Over Burger Sizes

Justin Chimienti thought the Big Mac he bought at McDonald’s and the Bourbon Bacon Cheeseburger he bought at Wendy’s would be as big and juicy as advertised. He says they were not, and now he is suing the fast-food chains. …

Allianz to Pay Over $6B for Structured Alpha Fraud, Former Fund Manager Indicted

Germany’s Allianz SE agreed to pay more than $6 billion and its U.S. asset management unit pleaded guilty to criminal securities fraud over the collapse of a group of investment funds early in the COVID-19 pandemic. Allianz’s settlements with the …

Judge Says ‘Vape’ Musical Parody May Go On as ‘Grease’ Copyright Claim Flops

A U.S. judge on Thursday ruled that “Vape: The Musical,” which mocks the blockbuster 1978 film “Grease,” amounted to fair use and did not infringe the rights of owners of the “Grease” copyright. Chief Judge Laura Taylor Swain of the …

Court Says Federal Law Preempts, Tosses New York Suit Over Amazon Worker Safety

A New York state appeals court on Tuesday dismissed state Attorney General Letitia James’ lawsuit accusing Amazon.com Inc. of failing to adequately protect thousands of workers at two New York City facilities against COVID-19. The Appellate Division in Manhattan said …