Articles by Jonathan Stempel

New York Charges Drugmaker Endo with Insurance Fraud Over Opioid Claims

New York state filed civil charges on Wednesday accusing Endo International Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, adding fuel to the nation’s opioid crisis. Governor Andrew Cuomo said the charges brought by …

States’ Lawsuit Accuses 26 Drugmakers of Price Fixing of Generic Drugs

Twenty-six drug manufacturers were sued on Wednesday by the attorneys general of most U.S. states and several territories, which accused them of conspiring to reduce competition and drive up generic drug prices. The lawsuit accused Novartis’ Sandoz unit, Teva Pharmaceuticals’ …

Amazon Sued Over Warehouses After N.Y. Worker Brings Coronavirus Home

Amazon.com Inc has been sued for allegedly fostering the spread of the coronavirus by mandating unsafe working conditions, causing at least one employee to contract COVID-19, bring it home, and see her cousin die. The complaint was filed on Wednesday …

$5 Billion Lawsuit Accuses Google of Tracking Users’ Private Internet Activity

Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in “private” mode. The lawsuit seeks at …

Federal Court Allows Counties’ Clean Air Claims Against VW for Diesel Scandal

A U.S. appeals court ruled on Monday that Volkswagen AG cannot escape potential financial penalties from two counties in Florida and Utah that may amount to a “staggering” additional liability arising from the German automaker’s diesel emissions scandal. The unanimous …

Investors, Bondholders Sue Occidental Over Anadarko Merger

Occidental Petroleum Corp. has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp. The …

Ben & Jerry’s Scoops a Win in ‘Happy Cows’ Lawsuit

Ben & Jerry’s won the dismissal on Thursday of a lawsuit by an environmental advocate who claimed the company deceived consumers by saying it used milk and cream from “happy cows” on “Caring Dairy” farms to make its premium ice …

Virtual ‘Woodstock for Capitalists’ May Show How Buffett’s Handling Coronavirus

Berkshire Hathaway Inc.’s annual meeting will be nothing like the extravaganzas of years past, but will give Warren Buffett a chance to show how resilient his cash-rich conglomerate may be to the coronavirus pandemic, and the investment opportunities it offers. …

Court Approves GM’s $120M Ignition Switch Lost Value Claims Settlement with Owners

General Motors Co. on Thursday won preliminary U.S. court approval of a $120 million settlement with owners who said defective ignition switches caused their vehicles to lose value. U.S. District Judge Jesse Furman in Manhattan granted approval at a hearing …

New York Charges Mallinckrodt with Insurance Fraud Over Opioid Claims

New York state brought civil charges on Tuesday accusing Mallinckrodt Plc of insurance fraud for misrepresenting the safety and efficacy of its opioid drugs, leading to medically unnecessary prescriptions. Governor Andrew Cuomo said the charges brought by New York’s Department …