Jonathan Stempel

Ahold settles U.S. Foods customer lawsuit for $297 million

August 25, 2021 at 5:10 a.m.

NEW YORK (Reuters) - The Dutch retailer Ahold on Wednesday agreed to pay $297 million to settle U.S. class-action litigation accusing its former U.S. Foodservice distribution unit of defrauding thousands...

U.S. rejects challenge to $13 billion JPMorgan Chase settlement

August 25, 2021 at 5:07 a.m.

(Reuters) - The U.S. government urged a federal judge to throw out a lawsuit seeking to scuttle its landmark $13 billion settlement with JPMorgan Chase & Co, rejecting a claim...

U.S. lawsuit alleging SD memory card price-fixing is revived

August 25, 2021 at 4:59 a.m.

A federal appeals court has revived an antitrust lawsuit by consumers who accused Panasonic Corp, SanDisk Corp and Toshiba Corp of conspiring to fix prices for memory cards that are...

U.S. charges ex-Liberian defense minister with lying in citizenship bid

August 25, 2021 at 4:55 a.m.

(Reuters) - A former Liberian defense minister, said by the United States to be a war criminal, has been arrested in New Jersey and charged with lying on his application...

Investors seek over $40 billion from Madoff victim fund

August 25, 2021 at 4:56 a.m.

NEW YORK (Reuters) - A U.S. fund to compensate victims of Bernard Madoff's Ponzi scheme has received roughly 51,700 claims seeking to recoup more than $40 billion, totals far higher...

U.S. judge says Wal-Mart should face lawsuit over alleged Mexico bribery

August 25, 2021 at 4:49 a.m.

(Reuters) - A U.S. judge said Wal-Mart Stores Inc does not deserve dismissal of a lawsuit claiming it defrauded shareholders by concealing suspected corruption at its Mexico operations, even after...

Former e-commerce executive pleads guilty in eBay insider case

August 25, 2021 at 4:51 a.m.

(Reuters) - A former executive at an e-commerce company that was acquired in 2011 by online retailer eBay Inc pleaded guilty on Friday to insider trading in connection with the...

Bayou fund founder seeks to leave prison early, cites health

August 25, 2021 at 4:43 a.m.

NEW YORK (Reuters) - Samuel Israel, a hedge fund manager who faked his own suicide to avoid prison after admitting to running a $450 million fraud, is trying to shorten...

Older investors sue UBS over risky Puerto Rico bond funds: filing

August 25, 2021 at 4:39 a.m.

NEW YORK (Reuters) - UBS AG has been sued by older investors who claimed it steered them into mutual funds that invested heavily in Puerto Rico bonds, costing much of...

UBS defeats shareholders’ U.S. appeal over mortgage losses, tax probe

August 25, 2021 at 4:40 a.m.

NEW YORK (Reuters) - A federal appeals court in New York rejected appeals by UBS AG shareholders seeking to hold the Swiss bank liable for their losses for having concealed...

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