JPMorgan Beats Insurers in Appeal Over $140M Bear Stearns Settlement November 23, 2021 By Jonathan Stempel New York’s highest court ruled on Tuesday that JPMorgan Chase & Co. is entitled to insurance coverage for $140 million...
US Court Rejects Israeli Firm’s Immunity From Facebook Suit Over Malware November 9, 2021 By Jonathan Stempel A U.S. appeals court said Facebook can pursue a lawsuit accusing Israel’s NSO Group of exploiting a bug in its...
Judge Says Wells Fargo Must Face Shareholder Fraud Claims October 1, 2021 By Jonathan Stempel A federal judge on Thursday rejected Wells Fargo & Co’.s bid to dismiss a lawsuit claiming it defrauded shareholders about...
Citigroup Asks Appeals Court to Let It Recoup $504M Lost in Revlon Loan Pre-Pay Error September 30, 2021 By Jonathan Stempel Citigroup Inc. on Wednesday pressed a federal appeals court to let it recoup about $504 million of its own money...
Sotheby’s Must Face New York Claims It Helped Rich Collector Dodge Taxes September 29, 2021 By Jonathan Stempel Sotheby’s must face a lawsuit by New York’s attorney general accusing the auction house of fraudulently helping a wealthy art...
JPMorgan to Pay $15.7M to Settle Spoofing Class Action September 24, 2021 By Chris Prentice and Jonathan Stempel JPMorgan Chase & Co. agreed to pay $15.7 million in cash to settle a class action lawsuit by investors who...
Stanford Ponzi Scheme Recovery Tops $1 Billion With Help From Insurers September 21, 2021 By Jonathan Stempel A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest...
Cognizant Expects Insurers to Cover Bulk of $95M Settlement with Shareholders September 9, 2021 By Jonathan Stempel Cognizant Technology Solutions Corp. has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company...
Judge Rules Boeing Directors Must Face Shareholder Claims Over 737 MAX September 8, 2021 By David Shepardson, Tom Hals and Jonathan Stempel A Delaware judge ruled on Tuesday that Boeing’s board of directors must face a lawsuit from shareholders over two fatal...
Kraft Heinz, 2 Execs to Pay $62M to Settle Charges of False Accounting September 7, 2021 By Chris Prentice, Susan Heavey and Jonathan Stempel The Kraft Heinz Company and two former executives have agreed to pay more than $62 million to settle charges they...