Articles by Jonathan Stempel

Jamie Dimon, JPMorgan Board Defeat Shareholders’ Jeffrey Epstein Lawsuit

A federal judge has dismissed a shareholder lawsuit accusing JPMorgan Chase Chief Executive Jamie Dimon and his board of directors of ignoring red flags surrounding disgraced former client Jeffrey Epstein. In a Wednesday evening decision, U.S. District Judge Jed Rakoff …

Google Fails to End $5B Consumer Privacy Lawsuit

A U.S. judge rejected Google’s bid to dismiss a lawsuit claiming it invaded the privacy of millions of people by secretly tracking their internet use. U.S. District Judge Yvonne Gonzalez Rogers on Monday said she could not find that users …

Allianz Ex-Manager Must Face US Fraud Charges On $7B Investor Loss

A U.S. judge has rejected former Allianz fund manager Gregoire Tournant’s bid to dismiss a criminal fraud case over his role in causing more than $7 billion of investor losses. In an order made public on Friday, U.S. District Judge …

Kraft Heinz Defeats Lawsuit Over Mac & Cheese Preparation Time

A federal judge on Thursday dismissed a lawsuit accusing Kraft Heinz & Co of misleading consumers by promising it takes only 3-1/2 minutes to prepare a cup of microwavable Velveeta macaroni and cheese. U.S. District Judge Beth Bloom in Miami …

Starbucks Illegally Fired Manhattan Supervisor Over Union Activities, Labor Judge Rules

Starbucks violated U.S. labor law by firing a Manhattan store supervisor who had organized workers to join a union, a federal labor board judge ruled on Monday. The National Labor Relations Board established “striking and strong evidence of animus” behind …

Elon Musk to Appeal Loss in SEC Case to Supreme Court

Elon Musk plans to ask the U.S. Supreme Court to consider whether the Securities and Exchange Commission overstepped its authority in enforcing a consent decree that he has called a “muzzle” on his free speech. Musk would be appealing a …

FTX Sues Bankman-Fried, Others to Recoup More Than $1 Billion

FTX Trading on Thursday sued founder Sam Bankman-Fried and other former executives of the cryptocurrency exchange, seeking to recoup more than $1 billion they allegedly misappropriated before FTX went bankrupt. The complaint filed in Delaware bankruptcy court also names as …

Appeals Court Revives Lawsuit Against Royal Caribbean Over Toddler’s Death

A federal appeals court on Tuesday revived a lawsuit against Royal Caribbean Cruises by the parents of an 18-month-old girl who died after slipping through her grandfather’s hands and falling through an open cruise ship window. The 11th U.S. Circuit …

US Labor Agency Sues Starbucks Over Treatment of Seattle Workers

The National Labor Relations Board on Thursday sued Starbucks SBUX.O over the coffee chain’s refusal to rehire 33 workers as it reorganized three downtown Seattle stores, including its flagship store in Pike Place Market. In a petition filed in Seattle …

Skittles Maker Wrigley Settles With Cannabis Company Over Trademark

Wrigley, the maker of multi-colored fruit-flavored Skittles candies, has settled a lawsuit accusing a seller of cannabis-related merchandise of trademark infringement for marketing products under the “ZKITTLEZ” name. Under a proposed permanent injunction filed on Monday in Chicago federal court, …