Articles by Jonathan Stempel

Cryptocurrency Pioneer Justin Sun Pays $4.5 Million for Charity Lunch with Buffett

Cryptocurrency pioneer Justin Sun bid a record $4.57 million to have lunch with billionaire investor Warren Buffett, who famously referred to Bitcoin as “probably rat poison squared.” The 28-year-old Sun, who launched Tron or TRX token in 2017, submitted the …

Facebook Must Turn Over Records on How Execs Handle Data Privacy, Judge Rules

A U.S. judge ordered Facebook Inc. to give shareholders emails and other records concerning how the social media company handles data privacy, after data for 87 million users was accessed by the British political consulting firm Cambridge Analytica. In a …

Los Angeles County Files Suit Against Bayer’s Monsanto over PCBs

Los Angeles County sued Monsanto Co. on Thursday, seeking to force the unit of Germany’s Bayer AG to help pay for reducing PCB contamination in dozens of bodies of water. The most populous U.S. county, which has about 10.1 million …

Beer Settlement Offers Partial Refunds Over ‘Hawaii’ Claims

The maker of Kona beer agreed to offer partial refunds to settle a lawsuit claiming it misled consumers in the continental United States into believing the craft brew was actually made in Hawaii, causing them to overpay. Settlement papers were …

Judge Dismisses Investors’ Claim Cboe Allowed Rigging of Stock Market ‘Fear Gauge’

A federal judge on Wednesday dismissed a lawsuit in which investors accused the parent of the Chicago Board Options Exchange of letting anonymous traders rig Wall Street’s main gauge of future stock market volatility at their expense. U.S. District Judge …

7 U.S. Exchanges Face Investors’ Claims for Favoring High Frequency Traders

A Manhattan federal judge has ordered seven U.S. stock exchanges to face proposed class-action claims that they defrauded ordinary investors by quietly enabling high-frequency traders to trade faster and at better prices. U.S. District Judge Jesse Furman on Tuesday said …

25 New Sexual Harassment Complaints Brought Against McDonald’s

McDonald’s Corp. was accused on Tuesday in 25 new lawsuits and regulatory charges of condoning sexual harassment in the workplace and retaliating against employees who speak up. The cases announced by the American Civil Liberties Union (ACLU), the labor group …

‘Pooey Puitton’ Lawsuit Against Louis Vuitton Goes Nowhere

Louis Vuitton has won the dismissal of a lawsuit by a California toy company that accused the French luxury goods maker of trying to interfere with its sales of a poop-shaped toy purse for children, Pooey Puitton. U.S. District Judge …

French Press Maker Denies Defect, Sues Starbucks for Product Disparagement

Bodum Holding AG sued Starbucks Corp. on Friday for alleged product disparagement in connection with the coffee company’s recent U.S. and Canadian recall of 263,200 co-branded French presses made from recycled materials. In a complaint filed in federal court in …

Berkshire’s Buffett Wants to Do More Business in UK and Europe, Regardless of Brexit

Billionaire Warren Buffett wants to do more business in the United Kingdom and Europe regardless of how Brexit turns out. The Berkshire Hathaway Inc. chairman and chief executive officer said he would “love to put more money in the UK” …