Articles by Jonathan Stempel

Mother of 11-Year-Old Who Died in Texas Freeze Sues Power Companies for $100M

The mother of an 11-year-old boy who died after they lost electricity and heat in their Texas mobile home during last week’s freeze has filed a $100 million lawsuit against two power companies for gross negligence. Maria Pineda said the …

Berkshire Hathaway Discloses $499M Investment in Marsh & McLennan

Warren Buffett’s Berkshire Hathaway Inc. on Tuesday announced two major new investments, revealing an $8.6 billion stake in the phone company Verizon Communications Inc. and a $4.1 billion stake in oil company Chevron Corp. The investments were disclosed in a …

Judge Denies Citibank Bid to Recoup Some of Mistaken $893M Payments to Revlon Lenders

A federal judge on Tuesday said Citigroup Inc. is not entitled to recoup half a billion dollars of its own money that it mistakenly wired lenders of Revlon Inc., in what he called “a banking error of perhaps unprecedented nature …

New York Attorney General Sues Amazon Over COVID-19 Shortfalls

New York Attorney General Letitia James sued Amazon.com Inc on Tuesday over its handling of worker safety issues around the COVID-19 pandemic at two warehouses, just days after the retailer filed its own lawsuit seeking to block her case. In …

Judge Dismisses Walmart Lawsuit Over Pharmacy Liability in Opioid Crisis

A federal judge has dismissed Walmart Inc’s lawsuit seeking to preemptively block the U.S. government from blaming the world’s largest retailer for its alleged role in fueling the nation’s opioid crisis. U.S. District Judge Sean Jordan said the government had …

Judge Permits McDonald’s Suit Against Ex-CEO Over Alleged Sexual Affairs Cover-Up

A Delaware judge on Tuesday rejected former McDonald’s Corp. Chief Executive Stephen Easterbrook’s bid to dismiss a lawsuit by the fast-food chain seeking to recoup millions of dollars in severance pay because he allegedly covered up improper sexual relationships with …

Shareholder Lawsuit Alleges Tyson Misled About COVID-19 Protocols

U.S. meat and poultry processor Tyson Foods Inc. was sued on Tuesday for allegedly defrauding shareholders with misleading disclosures about its ability to combat the spread of the coronavirus in its facilities. The lawsuit, which seeks class-action status, was filed …

Judge Rules Former CBS Shareholders Can Sue Over ViacomCBS Merger

A Delaware judge on Wednesday said former CBS shareholders may pursue a lawsuit accusing Shari Redstone, the daughter of late media magnate Sumner Redstone, of pressuring the company into entering an unfair merger that created ViacomCBS Inc. Vice Chancellor Joseph …

Judge Rules Former Viacom Shareholders Can Sue Over ViacomCBS Merger

A Delaware judge ruled this week that former Viacom shareholders may pursue a lawsuit accusing Shari Redstone of engineering a “patently unfair” merger that created ViacomCBS Inc. so she could become a media magnate like her late father, Sumner Redstone. …

Judge Throws Out Apple Copyright Claims Against Security Software Startup Corellium

A federal judge in Florida on Tuesday dismissed Apple Inc.’s copyright infringement claims against a Florida startup whose software helps security researchers find vulnerabilities in Apple products including the iPhone. U.S. District Judge Rodney Smith ruled in favor of Corellium …