Mastermind of Largest Known Ponzi Scheme, Bernie Madoff, Dies in Prison at 82 April 14, 2021 By Jonathan Stempel and Bill Trott NEW YORK — Bernard Madoff, who for decades masqueraded as a successful and trustworthy Wall Street kingpin before admitting to...
New York City Loses Appeal Seeking to Hold Oil Firms Liable for Global Warming Effects April 1, 2021 By Jonathan Stempel and Sebastien Malo A federal appeals court on Thursday rejected New York City’s effort to hold five major oil companies liable to help...
Boston Scientific Settles States’ Surgical Mesh Device Marketing Claims for $189M March 24, 2021 By Jonathan Stempel Boston Scientific Corp. agreed to pay $188.7 million to settle claims by most U.S. states that it deceptively marketed its...
McKinsey Settles with Nevada for $45M over Opioid Crisis Role March 23, 2021 By Jonathan Stempel McKinsey & Co. will pay $45 million to settle an investigation by Nevada of the big consulting firm’s role in...
Berkshire Hathaway Opposes Climate Change, Diversity Reporting Proposals March 16, 2021 By Jonathan Stempel Warren Buffett’s Berkshire Hathaway Inc. on Monday urged the rejection of shareholder proposals that annual reports be produced about its...
Investor Suit Alleges Tesla CEO Musk’s Tweets Violate SEC Pact March 15, 2021 By Jonathan Stempel Tesla Inc. Chief Executive Elon Musk has been sued by a shareholder who accused him of violating his 2018 settlement...
Judge Permits Suit Alleging Geico Overcharged Drivers During Pandemic March 7, 2021 By Jonathan Stempel The auto insurer Geico Corp., a unit of Warren Buffett’s Berkshire Hathaway Inc., must face a proposed class action claiming...
Mother of 11-Year-Old Who Died in Texas Freeze Sues Power Companies for $100M February 22, 2021 By Jonathan Stempel The mother of an 11-year-old boy who died after they lost electricity and heat in their Texas mobile home during...
Berkshire Hathaway Discloses $499M Investment in Marsh & McLennan February 17, 2021 By Jonathan Stempel Warren Buffett’s Berkshire Hathaway Inc. on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone...
Judge Denies Citibank Bid to Recoup Some of Mistaken $893M Payments to Revlon Lenders February 17, 2021 By Jonathan Stempel A federal judge on Tuesday said Citigroup Inc. is not entitled to recoup half a billion dollars of its own...