China Construction Bank Sued in US Over Reinsurance Fraud Losses May 10, 2024 By Robert Burnson China Construction Bank Corp., the nation’s third-largest commercial lender, was accused in a US lawsuit of enabling a massive fraud...
Ferrari Sued for Failing to Fix ‘Life-Threatening’ Brake Defect March 19, 2024 By Robert Burnson Ferrari NV was accused in a US lawsuit of failing to fix a “dangerous safety defect” with the brakes in...
Ex-First Republic Engineer in California Gets Prison for Cloud Hack December 12, 2023 By Robert Burnson A former First Republic Bank cloud engineer in San Francisco was sentenced to two years in prison for vandalizing the...
JPMorgan Agrees to Pay $290 Million to Settle Epstein Suit June 23, 2023 By Robert Burnson JPMorgan Chase & Co. agreed to pay $290 million to settle a lawsuit alleging it knowingly benefited from former client...
Fox’s Tubi Accused in Lawsuit of Paying Women Less Than Men May 22, 2023 By Robert Burnson Fox Corp.’s streaming platform Tubi was accused in a gender-discrimination lawsuit of paying top female executives 28% less than their...
Wells Fargo to Pay $1 Billion in Class-Action Lawsuit May 16, 2023 By Robert Burnson Wells Fargo & Co. agreed to pay $1 billion to settle a shareholder lawsuit that accused it of making misleading...
Coinbase Executives Sued for Dumping Stock, Saving $1 Billion May 2, 2023 By Robert Burnson Coinbase Inc. Chairman and Chief Executive Officer Brian Armstrong, board member Marc Andreessen and other officers avoided more than $1...
Epstein Victim Suing JPMorgan Seeks Class-Action Status May 1, 2023 By Robert Burnson A victim of Jeffrey Epstein asked a judge to let her represent more than 100 other women in a lawsuit...
KPMG, Goldman Sachs Faulted in Investor Suit Over SVB Failure April 11, 2023 By Joel Rosenblatt and Robert Burnson KPMG LLP was sued as Silicon Valley Bank’s auditor, along with underwriters including Goldman Sachs Group Inc., Bank of America...
Citgo’s Lawsuit Against Lloyd’s Insurer Over Seized Venezuelan Oil Gets Go-Ahead March 16, 2023 By Robert Burnson Citgo Petroleum Corp. may move forward with an attempt to collect more than $40 million it claimed from insurers after...