A court-appointed receiver has recouped more than $1 billion for victims of Texas financier Allen Stanford’s Ponzi scheme, the largest by dollar amount other than Bernard Madoff’s fraud, the receiver’s lawyers said on Monday. The threshold was crossed when Ralph …
Cognizant Technology Solutions Corp. has reached a $95 million settlement to resolve a lawsuit accusing the information technology services company of defrauding shareholders by concealing bribes to officials in India. A preliminary settlement of the proposed class action was filed …
A Delaware judge ruled on Tuesday that Boeing’s board of directors must face a lawsuit from shareholders over two fatal 737 MAX crashes that killed 346 people in less than six months. Vice Chancellor Morgan Zurn ruled Boeing stockholders may …
The Kraft Heinz Company and two former executives have agreed to pay more than $62 million to settle charges they falsified supplier contracts to achieve cost savings in a multi-year accounting scheme, the U.S. securities regulator said on Friday. The …
A federal judge on Thursday said Apple Inc. must face nearly all of a proposed class action lawsuit claiming that its voice-activated Siri assistant violates users’ privacy. U.S. District Judge Jeffrey White said the plaintiffs could try to prove Siri …
The top U.S. securities regulator on Wednesday sued the founder of the now-defunct cryptocurrency exchange platform BitConnect over his alleged role in fraudulently raising about $2 billion from retail investors. Expanding a civil case announced in May, the U.S. Securities …
A U.S. appeals court said the trustee liquidating Bernard Madoff’s firm can pursue a $343.1 million clawback lawsuit against Citigroup Inc., a decision that could help the late swindler’s customers recover close to the estimated $17.5 billion they lost in …
UnitedHealth Group Inc., the largest U.S. health insurer, has settled federal and New York state charges it illegally denied coverage to thousands of patients suffering from mental health problems and substance abuse. The U.S. Department of Labor said on Thursday …
A federal judge on Tuesday dismissed Amazon.com Inc’s lawsuit to block New York’s attorney general from investigating the online retailer’s ability to protect warehouse workers from COVID-19. U.S. District Judge Brian Cogan in Brooklyn rejected Amazon’s claim that Attorney General …
A federal judge on Monday ordered Netflix Inc. to face a defamation lawsuit by former Manhattan prosecutor Linda Fairstein over her portrayal as a racist and unethical villain in “When They See Us,” a 2019 miniseries about the Central Park …
