Articles by Jonathan Stempel

GM Must Face Big Class Action Over Faulty Transmissions

General Motors was ordered by a federal appeals court to face a class action claiming it violated laws of 26 U.S. states by knowingly selling several hundred thousand cars, trucks and SUVs with faulty transmissions. The 6th U.S. Circuit Court …

US Appeals Court Revives Google Privacy Class Action

A U.S. appeals court said Google must face a revived lawsuit by Google Chrome users who said the company collected their personal information without permission, after they chose not to synchronize their browsers with their Google accounts. The 9th U.S. …

Pilgrim’s Pride Agrees to $100M Settlement Over Chicken Farmers’ Pay

Pilgrim’s Pride, one of the largest U.S. poultry processors, agreed to pay $100 million to settle claims it conspired with rivals to underpay chicken farmers, the final and by far the largest settlement in the seven-year-old antitrust case. A preliminary …

Delaware High Court Upholds Blockbuster $267 Million Legal Fee in Dell Lawsuit

Five law firms should receive $267 million in legal fees for obtaining a $1 billion settlement for shareholders of Dell Technologies DELL.N, the Delaware Supreme Court ruled on Wednesday, rejecting arguments that the payment was a windfall. The fee is …

Texas Sues GM for Allegedly Collecting Drivers’ Data, Then Selling it to Insurers

General Motors GM.N has been sued by the state of Texas, which accused the automaker of installing technology on more than 14 million vehicles to collect data about drivers, which it then sold to insurers and other companies without drivers’ …

SEC Sues Over Alleged $650 Million Global Crypto Fraud

The U.S. Securities and Exchange Commission on Monday sued the cryptocurrency company NovaTech and its married co-founders, saying they fraudulently raised over $650 million from more than 200,000 investors worldwide, including many Haitian-Americans. NovaTech and co-founders Cynthia and Eddy Petion …

Delta Passengers Sue Airline for Refusing Refunds After Massive Computer Outage

Delta Air Lines was sued by passengers who complained that the carrier refused to offer full refunds after delaying or canceling their flights in the wake of last month’s massive computer outage. The proposed class action was made public on …

Berkshire Halves Apple Stake, Boosts Cash to $277 Billion As It Gets ‘Defensive’

Warren Buffett appears to have soured on stocks, letting cash at Berkshire Hathaway soar to nearly $277 billion and selling about half its stake in Apple, even as the conglomerate posted a record quarterly operating profit. Berkshire’s results released on …

CrowdStrike Is Sued by Shareholders Over Huge Software Outage

CrowdStrike has been sued by shareholders who said the cybersecurity company defrauded them by concealing how its inadequate software testing could cause the July 19 global outage that crashed more than 8 million computers. In a proposed class action filed …

Wells Fargo Must Face Lawsuit Over Sham Job Interviews

A U.S. judge ordered Wells Fargo to face a lawsuit alleging it defrauded shareholders by proclaiming its commitment to hiring diversity, even as it conducted sham job interviews of non-white and female applicants it had no plans to hire. U.S. …