Federal Appeals Court Sides with Financial Firms, Voids Obama Fiduciary Rule March 15, 2018 By Jonathan Stempel A federal appeals court on Thursday voided the U.S. Department of Labor’s “fiduciary rule,” which had been adopted in 2016...
Miley Cyrus Faces $300M Copyright Infringement Claim for ‘We Can’t Stop’ Song March 13, 2018 By Jonathan Stempel Miley Cyrus was sued for $300 million on Tuesday by a Jamaican songwriter who said the pop singer’s 2013 smash...
Yahoo to Face Lawsuit Over Breach of 3 Billion Users’ Data March 13, 2018 By Jonathan Stempel Yahoo has been ordered by a federal judge to face much of a lawsuit in the United States claiming that...
Facebook Settles Shareholders’ Claims Over 2012 IPO February 27, 2018 By Jonathan Stempel Facebook Inc and Chief Executive Mark Zuckerberg have reached a $35 million settlement of class-action litigation accusing them of hiding...
Buffett Eyes ‘Huge’ Acquisitions But Not in Insurance February 26, 2018 By Trevor Hunnicutt and Jonathan Stempel Warren Buffett on Saturday lamented his inability to find big companies to buy and said his goal is to make...
Shareholder Suit Alleges GE Hid Insurance Liabilities, SEC Probe February 20, 2018 By Jonathan Stempel and Alwyn Scott General Electric Co. was sued on Friday by a shareholder who accused the conglomerate of concealing mounting insurance liabilities and...
Judge Voids Verdict on Arab Bank Liability for Terrorism; Triggers Settlements February 12, 2018 By Jonathan Stempel A U.S. appeals court has thrown out a 2014 jury verdict finding Arab Bank Plc liable for knowingly supporting militant...
Number of Securities Class Actions Up But Settlement Values Down January 30, 2018 By Jonathan Stempel The number of class action lawsuits in the United States accusing companies of fraud and other securities law violations soared...
New York City Sues Drug Companies Over Opioid Epidemic January 24, 2018 By Nate Raymond and Jonathan Stempel New York City on Tuesday sued eight companies that make or distribute prescription opioids, blaming them for fueling a deadly...
Judge Allows Philadelphia’s Suit Claiming Unfair Lending by Wells Fargo January 17, 2018 By Jonathan Stempel A federal judge in Philadelphia on Tuesday rejected Wells Fargo & Co.’s bid to dismiss that city’s lawsuit accusing the...