Today: July 03, 2024
Today: July 03, 2024

Latest From Jonathan Stempel

Business

Chinese ride-hailing company Didi Global must face US investor lawsuit over IPO

Didi Global, the Chinese ride-hailing company, must face a lawsuit in a U.S. court claiming it defrauded investors by concealing and disobeying a Chinese

Chinese ride-hailing company Didi Global must face US investor lawsuit over IPO
Business

Geico won't face class-action claims it overcharged drivers during pandemic

Geico, the car insurer owned by Warren Buffett's Berkshire Hathaway, will not face class-action claims as it defends against a lawsuit alleging it overcharged

Geico won't face class-action claims it overcharged drivers  during pandemic
Business

Nvidia is sued by authors over AI use of copyrighted works

Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI

Nvidia is sued by authors over AI use of copyrighted works
Business

Binance must face revived investor lawsuit in US over crypto losses

A federal appeals court on Friday revived a lawsuit where investors accused Binance, the world's largest cryptocurrency exchange, of violating U.S. securities

Binance must face revived investor lawsuit in US over crypto losses
Business

US consumer agency sued by banks, US Chamber over credit card late fee cap

The Consumer Financial Protection Bureau was sued on Thursday over its new rule capping late fees on credit cards at $8, which banking groups and the U.S.

US consumer agency sued by banks, US Chamber over credit card late fee cap
Business

Meta urged by US states to combat Facebook, Instagram account hijackings

Forty U.S. states and Washington, D.C. called on Meta Platforms to crack down on scammers who hijack Facebook and Instagram accounts, to address a "dramatic"

Meta urged by US states to combat Facebook, Instagram account hijackings
Business

Lyft earnings report error prompts shareholder lawsuit

Lyft has been sued by shareholders for securities fraud after a mistake in a recent earnings release about a key profit metric sent the ride-sharing company's stock

Lyft earnings report error prompts shareholder lawsuit
Business

Elon Musk's X escapes most of lawsuit over copyrighted songs

X, the social media platform owned by Elon Musk, on Tuesday won the dismissal of most of a lawsuit by 17 music publishers that accused it of infringing copyrights on

Elon Musk's X escapes most of lawsuit over copyrighted songs
Business

New York sues cash advance provider Yellowstone for $1.4 billion, alleges predatory lending

New York Attorney General Letitia James sued the cash advance provider Yellowstone Capital for $1.4 billion on Tuesday, saying it ran a large-scale predatory

New York sues cash advance provider Yellowstone for $1.4 billion, alleges predatory lending
Business

Berkshire unit added to lawsuit over inflated real estate commissions

A unit of Warren Buffett's Berkshire Hathaway was added on Monday to a lawsuit accusing the National Association of Realtors and several brokerages of

Berkshire unit added to lawsuit over inflated real estate commissions
Business

Capital One defeats cardholders' lawsuit over foreign exchange charges

A federal judge in Virginia on Monday dismissed a lawsuit accusing Capital One of overcharging credit and debit card customers on transactions made in foreign

Capital One defeats cardholders' lawsuit over foreign exchange charges
Business

Wells Fargo is sued over response to fake accounts scandal

Wells Fargo, which has spent years trying to extricate itself from its fake accounts scandal, was sued on Thursday for allegedly not doing enough to help customers who

Wells Fargo is sued over response to fake accounts scandal
Business

Lawsuit by Elon Musk's X against hate speech watchdog heads to court

A U.S. judge on Thursday will consider whether to dismiss X Corp's lawsuit against a nonprofit that has criticized a rise in hate speech on the social media platform

Lawsuit by Elon Musk's X against hate speech watchdog heads to court
Business

New York sues meatpacking giant JBS over climate claims

JBS, the world's largest beef producer, was sued on Wednesday by New York state's attorney general, which accused it of misleading the public about its impact

New York sues meatpacking giant JBS over climate claims
Business

Warren Buffett mourns passing of Berkshire 'architect' Charlie Munger

Warren Buffett left no doubt: He misses Charlie Munger, and so will Berkshire Hathaway's shareholders.

Warren Buffett mourns passing of Berkshire 'architect' Charlie Munger
Business

Judge approves Binance $4.3 billion guilty plea as US seeks to modify founder Zhao's bond

A U.S. judge on Friday accepted Binance's guilty plea and more than $4.3 billion penalty for violating federal anti-money laundering and sanctions laws through lapses

Judge approves Binance $4.3 billion guilty plea as US seeks to modify founder Zhao's bond
Business

Build-A-Bear, maker of Warren Buffett's Squishmallows face off in court

Warren Buffett is taking on Build-A-Bear.

Build-A-Bear, maker of Warren Buffett's Squishmallows face off in court
Business

Walmart, Energizer must face lawsuits over battery prices

Walmart and Energizer were ordered by a U.S. judge to face lawsuits by consumers and retailers accusing them of violating antitrust law by conspiring to raise

Walmart, Energizer must face lawsuits over battery prices
Business

Amazon steers consumers to higher-priced items, lawsuit claims

Amazon.com was sued in a proposed U.S. class action accusing the online retailer of violating a consumer protection law by steering hundreds of millions of shoppers to

Amazon steers consumers to higher-priced items, lawsuit claims
Business

Apple defeats lawsuit claiming it overpaid CEO Tim Cook, others

A federal judge on Wednesday dismissed a lawsuit accusing Apple of overpaying Chief Executive Tim Cook and other top executives by tens of millions of dollars

Apple defeats lawsuit claiming it overpaid CEO Tim Cook, others
Business

Apple beats AliveCor lawsuit over heart-rate apps for Apple Watch

Apple persuaded a federal judge to dismiss a lawsuit by a Silicon Valley startup accusing it of illegally monopolizing the U.S. market for heart rate monitoring apps

Apple beats AliveCor lawsuit over heart-rate apps for Apple Watch
Business

Google to pay $350 million to revolve shareholders' data privacy lawsuit

Google agreed to pay $350 million to settle a lawsuit by shareholders related to a security bug at its now-defunct Google+ social media website.

Google to pay $350 million to revolve shareholders' data privacy lawsuit
Business

Warner Bros Discovery beats Ohio AG lawsuit over merger disclosures

Warner Bros Discovery on Monday won the dismissal of a proposed class action led by Ohio Attorney General Dave Yost, claiming it concealed negative financial

Warner Bros Discovery beats Ohio AG lawsuit over merger disclosures
Business

Abbott Labs must face lawsuit over PediaSure height claims

A judge has rejected Abbott Laboratories' effort to dismiss a New York City grandmother's lawsuit claiming it misled consumers into believing its PediaSure

Abbott Labs must face lawsuit over PediaSure height claims
Business

Big banks defeat U.S. Treasury rigging appeal

A federal appeals court on Thursday dismissed an appeal by investors who accused 10 of the world's largest banks of antitrust violations for conspiring to

Big banks defeat U.S. Treasury rigging appeal

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