Articles by Jonathan Stempel

Insurers, Victims Sue Saudi Arabia Over Sept. 11 Terrorist Attacks

Saudi Arabia is facing a renewed $6 billion lawsuit by dozens of insurers seeking to hold it responsible for business and property damage caused by the Sept. 11, 2001 attacks. The lawsuit filed late Thursday in the U.S. District Court …

Berkshire Opposes Political Contribution Disclosure, Fossil Fuel Divestment Proposal

Warren Buffett’s compensation for running Berkshire Hathaway Inc. edged up 4.0 percent last year to $487,881 reflecting the higher cost of keeping the world’s second-richest person safe. Buffett’s pay was disclosed in a Friday regulatory filing, in which Berkshire also …

Judge: ABC Must Face Defamation Trial over ‘Pink Slime’ Reports

A South Dakota state judge has ordered ABC Broadcasting to face a potential $5.7 billion defamation lawsuit claiming it damaged Beef Products Inc. by referring in a series of reports to a meat product it sold as “pink slime.” Judge …

Judge Dismisses Shareholder Lawsuit Against Chipotle

Chipotle Mexican Grill Inc. on Wednesday won the dismissal of a lawsuit claiming it defrauded shareholders about its ability to protect customers from at least seven norovirus, E.coli and salmonella outbreaks that erupted in 2015. U.S. District Judge Katherine Polk …

Judge Clears Hartford Investment Unit in Excess Fees Case

A federal judge in New Jersey recently dismissed a long-running lawsuit accusing Hartford Financial Services Group Inc.’s investment management unit of overcharging investors in six mutual funds, following a rare trial. U.S. District Judge Renee Bumb in Camden on Feb. …

Whistleblower Loses Out on $864M Moody’s Ratings Settlement

A federal judge on Thursday dismissed a whistleblower lawsuit by a former Moody’s Investors Service managing director and said he deserves none of the $863.8 million that Moody’s agreed to pay to settle claims it inflated mortgage ratings prior to …

Judge Dismisses 15-Year Case Against UBS Over Enron Collapse

A federal judge in Houston has thrown out a lawsuit accusing UBS Group AG of hiding fraud by its client Enron Corp. from retail customers, a decision that may end a 15-year legal battle stemming from the energy company’s December …

Sirius XM Wins Dismissal of Turtles Copyright Lawsuit in New York

Sirius XM Holdings Inc. on Thursday won the dismissal of a New York copyright lawsuit over the satellite radio company’s playing of older songs by the 1960s band The Turtles and other artists, reducing the size of a related settlement …

U.S. and New York Accuse Firm of Scamming 9/11 Heroes, NFL Retirees

A company that advances money to people awaiting settlement payouts was accused by New York and federal regulators of scamming sick responders to the Sept. 11, 2001 attacks, as well as National Football League retirees with brain injuries. RD Legal …

Wal-Mart Owes New Hampshire Pharmacist $16.08M for Gender Bias

Wal-Mart Stores Inc. has been ordered by a federal judge to pay $16.08 million to a former New Hampshire pharmacist in a gender bias case, but the amount is only about half what a jury awarded and may fall substantially …