New York Mets: We Didn’t Shop for Madoff Ponzi Insurance June 21, 2011 By Jonathan Stempel Owners of the New York Mets pro baseball team rejected allegations in a $1 billion lawsuit that they once shopped...
Banks Lose Bid to Limit ‘Hot News’ Republication of Analysts’ Research June 20, 2011 By Jonathan Stempel A federal appeals court handed a major defeat to Wall Street banks in ruling that a financial news service did...
SEC Says Brokerage Fund Should Compensate Stanford Victims June 16, 2011 By Jonathan Stempel and Sarah N. Lynch In a major victory for victims of Allen Stanford’s alleged Ponzi scheme, U.S. regulators have concluded that they should be...
Toyota to Face 2013 Trial Over Sudden Acceleration June 13, 2011 By Jonathan Stempel A federal judge has chosen a Utah crash that killed two people as the first bellwether trial in nationwide litigation...
Judge Signals $32 Million Settlement in Wells Fargo Bias Suit June 9, 2011 By Jonathan Stempel A federal judge signaled that she would approve a settlement calling for Wells Fargo & Co. to pay $32 million...
Countrywide’s Mozilo Asks to Dismiss Allstate Lawsuit June 1, 2011 By Jonathan Stempel Angelo Mozilo, the former Countrywide Financial Corp. chief executive, urged a federal judge to throw out Allstate Corp.’s lawsuit seeking...
U.S. Bias Suit Against Bayer Widens May 26, 2011 By Jonathan Stempel Bayer AG has been hit with a wider U.S. lawsuit, accusing Germany’s largest drugmaker of discriminating against women in pay,...
Judge Dismisses Shareholder Suit vs Citigroup Execs Over Mortgages May 18, 2011 By Jonathan Stempel Citigroup Inc. officials, including Chief Executive Vikram Pandit, won the dismissal of a shareholder lawsuit accusing them of turning a...
Liability Lawsuits Against U.S. Rating Agencies Dismissed May 11, 2011 By Jonathan Stempel The three major U.S. credit rating agencies won the dismissal of lawsuits seeking to hold them liable as “underwriters” for...
Wal-Mart Facing Job Bias Suit from Fired Cuban Warehouse Workers May 11, 2011 By Jonathan Stempel Former Wal-Mart Stores Inc. warehouse workers of Cuban origin may pursue a lawsuit accusing the world’s largest retailer of discrimination,...