Articles by Robert Burnson

Coinbase Executives Sued for Dumping Stock, Saving $1 Billion

Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1 billion in losses by using inside information to sell stock within days of the cryptocurrency platform’s public listing two years …

Epstein Victim Suing JPMorgan Seeks Class-Action Status

A victim of Jeffrey Epstein asked a judge to let her represent more than 100 other women in a lawsuit alleging that JPMorgan Chase & Co. facilitated their abuse by the late financier. A second victim filed an almost identical …

KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure

KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley & Co. in an investor lawsuit based on alleged misstatements leading to the bank’s collapse. Similar …

Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead

Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after Venezuelan authorities in 2020 seized almost a million barrels of its oil. US District Judge Gregory Wood on Wednesday denied …

Amgen Sued by Pension Fund for Failing to Disclose $10B Tax Bill on Timely Basis

Amgen Inc. misled investors about its financial health by failing to reveal that it may be on the hook for more than $10 billion in back taxes and penalties, a pension fund claimed in a lawsuit. The Internal Revenue Service …

HP Enterprise to Pay $8.5 Million to Settle Gender Pay Gap Suit

Hewlett Packard Enterprise Co. agreed to pay $8.5 million to resolve a lawsuit that alleged it pays female employees less than their male counterparts. The settlement funds, minus attorney fees and expenses, will go to 1,735 women who worked in …

Ford Motor Hit With $1.7B Verdict for Fatal Rollover Accident: Lawyer

Ford Motor Co. was told by a jury to pay more than $1.7 billion over a 2014 rollover accident that killed a Georgia couple, a lawyer for the family said. Jurors delivered their verdict on punitive damages Friday following a …

NHL Stymied by Judge in Its Pursuit of Billions From Insurer for COVID Damages

The National Hockey League can pursue a lawsuit against its insurance provider over losses stemming from the COVID pandemic — but not for the billions of the dollars in damages the league’s 19 clubs sought. California Superior Court Judge Sunil …

MLB Agrees to Pay $185 Million to Settle Minor League Wage Suit

Major League Baseball agreed to pay $185 million as part of a settlement with minor league ballplayers who say the league exploits them, knowing they will play for peanuts for a chance to make it to the big show. The …

Oracle Corp. Women Stumble in Pay Bias Suit While Google Cuts a Deal

Women at Oracle Corp. suing over alleged pay disparities took a big step backward, while more than 15,000 female workers at Google crossed the finish line. Under a judge’s tentative ruling Friday, the Oracle women are poised to lose the …