Articles by Jonathan Stempel

BP Proposes Gulf Oil Spill Claims Settlement, Trial Delay

BP Plc reached settlements to resolve billions of dollars of claims from the 2010 Gulf of Mexico oil spill, and asked a U.S. judge for a long delay in any trial over remaining disputes stemming from the disaster. The London-based …

Judge Extends Deadline for BP Oil Spill Settlement

A federal judge has given BP Plc and lawyers for individuals and businesses who claimed they were harmed by the 2010 Gulf of Mexico oil spill more time to file details of their proposed settlements. U.S. District Judge Carl Barbier …

U.S. to Give BP Evidence on Size of Gulf Oil Spill

BP Plc will gain access to U.S. government documents that may shed light on the size of the 2010 Deepwater Horizon oil spill in the Gulf of Mexico, a crucial issue in determining the oil company’s liability. According to a …

Court Narrows Federal Law on Computer Fraud

A U.S. appeals court rejected the government’s broad reading of a computer fraud law to prosecute workers who steal from company computers, saying it could expose millions of Americans to prosecution for harmless activities at work. The 9-2 decision by …

Reebok, Nike Settle Suit Over Tebow Apparel Sales

Reebok International Ltd. agreed to settle a lawsuit by rival Nike Inc. and will stop selling New York Jets football apparel with the name of the team’s popular new quarterback, Tim Tebow. According to settlement papers made public on Tuesday, …

MF Global Executives Win Access to Insurance Monies for Defense

Former MF Global Holdings Ltd. Chief Executive Jon Corzine and other company officials won court permission to tap as much as $30 million of insurance money to defend lawsuits over the futures brokerage’s collapse. Tuesday’s decision by U.S. Bankruptcy Judge …

Viacom Wins Reversal in Landmark Copyright Case vs. Google’s YouTube

A U.S. appeals court has revived lawsuits by Viacom Inc., the English Premier League, and various film studios and television networks accusing Google Inc. of allowing copyrighted videos on its YouTube service without permission. The 2nd U.S. Circuit Court of …

Securities Fraud Settlements in 2011 Were Lowest in Decade

Angry investors are seeing far fewer financial benefits from lawsuits accusing corporate America of securities fraud, but may be on the cusp of a turnaround. The number and size of securities fraud settlements that won final U.S. court approval fell …

BP Claims U.S. Hiding Evidence on Size of Gulf Oil Spill

BP Plc has accused the U.S. government of withholding evidence that may show the 2010 Gulf of Mexico oil spill was smaller than federal officials claimed, a key issue in determining the oil company’s liability. A reduction in the size …

Nike Wins Court Order Halting Sale of Tebow Apparel by Reebok

Nike Inc. has won a court order blocking rival Reebok International Ltd. from selling New York Jets apparel bearing the name of the popular quarterback Tim Tebow, in a battle over licensing rights. The order issued late on Wednesday by …