3M stock extends bounce after UBS recommends investors stop selling, saying sentiment is ‘washed out’

Shares of 3M Co. extended their bounce Friday, after a long-time bearish analyst said investors should stop selling, as the recent “derating” in price suggests all litigation liability has already bee...

She called herself the Mother Teresa of Florida small-business lending, but investigators say she was really running a $194 million Ponzi scheme

Johanna Garcia claimed her merchant cash-advance business was so helpful to small businesses in Florida that she was like the Catholic saint Mother Teresa. But to the 15,400 investors who sank $194.1 ...

Bed Bath & Beyond CFO who leapt to his death from New York skyscraper faced ‘pump and dump’ allegation just days earlier

Gustavo Arnal, the CFO of Bed Bath & Beyond who leapt to his death from a Manhattan skyscraper last week, had faced a “pump and dump” allegation less than two weeks earlier. On Friday Arnal fell t...

Musk’s Lawyers to Make Case for Whistleblower Complaint to Be Added to Lawsuit

Text size Tesla CEO Elon Musk (Photo by CARINA JOHANSEN/NTB/AFP via Getty Images) Elon Musk’s lawyers on Tuesday are set to make their case to amend the billionaire’s counterclaims against Twitter to ...

Elon Musk and Twitter Set to Face Off at Omnibus Hearing Next Week

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Must be ‘fit and active’ or ‘digital native’: how ageist language keeps older workers out

Ageism is wrong. Age discrimination is illegal. But if you are or have been an older job seeker and you suspect your age is a barrier to getting job offers, your instincts aren’t wrong. “Ageism is a r...

Wells Fargo Fined $22 Million for Alleged Whistleblower Retaliation

Wells Fargo & Co. was fined more than $22 million by the U.S. Labor Department for allegedly firing a senior manager in its commercial banking unit after the employee reported concerns about misco...

MicroStrategy’s Michael Saylor Sued for Alleged Tax Fraud in Washington, D.C.

By Vicky Ge Huang and Richard Rubin Aug. 31, 2022 6:17 pm ET Listen to article (2 minutes) The District of Columbia attorney general sued Michael Saylor, the founder and chairman of software intellige...

Sears Gets Green Light to Wrap Up Bankruptcy Case After 4 Years

A bankruptcy judge signed off on a $180 million settlement of a Sears Holdings Corp. creditor lawsuit against former Chairman Edward S. Lampert and other executives, clearing the final hurdle for the ...

NewAge Says Cost of Internal Probe Contributed to Bankruptcy

NewAge Inc., a publicly traded seller of beverages, supplements and other health and wellness products, said its bankruptcy filing is due in part to the cost of an investigation into a potential viola...

3M’s Bankruptcy Setback Deepens Earplug Litigation Troubles

3M Co. had good reason to bet that it could use U.S. bankruptcy laws to shield itself from a mountain of personal-injury lawsuits filed over its allegedly defective military earplugs. But after a bank...

Exxon Escalates Dispute With Russia Over Barred Exit From Giant Oil Project

Exxon Mobil Corp. has notified Russian officials it will sue the federal government unless Moscow allows the company to exit a major oil-and-gas project, according to people familiar with the matter. ...

Paramount Sues Company Behind McDowell’s Pop-Up, Citing ‘Coming to America’ Infringement

A pop-up restaurant that paid homage to the 1980s classic comedy “Coming to America” now faces a lawsuit from Paramount Pictures over copyright infringement.  JMC Pop Ups LLC created a temporary versi...

3M stock suffers worst day since 2019 after judge denies protection from earplug lawsuits

3M Co. stock tumbled 9.5% on Friday, pacing the Dow Jones Industrial Average’s steep decline after reports indicated that a bankruptcy judge blocked a request from 3M that would have shielded the comp...

3M Is Denied Bankruptcy Shield Against Mass Earplug Claims

A bankruptcy judge declined on Friday to shield 3M Co. from continued litigation involving its military earplugs, a setback for the conglomerate’s attempt to shift the mass injury claims to a friendli...

Guitar cases and tissue boxes stuffed with cash: Yoga guru charged with not paying taxes while raking in $20 million

The leaders of a national chain of yoga centers that offered classes for free or for small cash donations, have been hit with major tax fraud charges for allegedly failing to pay any taxes for nearly ...

Brink’s driver was asleep during California jewelry heist, lawsuit claims

LOS ANGELES — One of the drivers of a Brink’s tractor-trailer was asleep inside the big rig, parked near a remote Southern California rest stop earlier this summer, when thieves broke a lock and stole...

Walmart ordered to pay Oregon man $4.4 million for racial profiling

PORTLAND, Ore. — A Multnomah County grand jury has ordered Walmart to pay $4.4 million in damages to a man who sued the store, saying he was racially profiled and harassed by a Walmart employee at a P...

Banks Nearing $1 Billion Settlement Over Traders’ Use of Banned Messaging Apps

WASHINGTON—Many of Wall Street’s biggest banks are nearing agreements to pay as much as $200 million each and admit that their employees’ use of personal messaging apps such as WhatsApp violated regul...

3M Unit Defends Request to Shield Parent From Mass Earplug Lawsuits

Lawyers representing 3M Co. ’s bankrupt Aearo Technologies LLC subsidiary defended its request to a bankruptcy judge to extend a litigation stay to the parent company to resolve mass earplug lawsuits,...

CVS, Walgreens and Walmart Ordered to Pay $650 Million to Ohio Counties in Opioid Case

A federal judge in Ohio has ordered the companies owning CVS, Walgreens and Walmart pharmacies to pay $650 million over 15 years to two Ohio counties after a jury found them liable for contributing to...

Weighed Down by Opioid Litigation, Endo International Files for Bankruptcy

Text size Dreamstime The generic drugmaker Endo International , which faces thousands of lawsuits related to its alleged role in the opioid crisis, filed for bankruptcy late Tuesday morning, while ann...

J&J Unit Tells Appeals Court Only Bankruptcy Can Settle Talc Claims

A Johnson & Johnson subsidiary urged a federal appeals court to uphold the controversial legal strategy it used to move to bankruptcy roughly 38,000 lawsuits linking its talc-based products to can...

Endo International Files for Bankruptcy to Weather Opioid Lawsuits

Endo International PLC became the latest pharmaceutical company to file for bankruptcy under the weight of lawsuits alleging it played a role in fueling the opioid crisis. The drugmaker, domiciled in ...

WWE Says Probe of Vince McMahon Is ‘Substantially Complete’

By Joe Palazzolo and Ted Mann Aug. 15, 2022 8:29 pm ET An investigation by World Wrestling Entertainment board of directors into allegations of sexual misconduct against former chairman and chief exec...

Judge Knocks 3M Bankruptcy Strategy for Military Earplug Lawsuits

A federal judge criticized 3M Co. ’s attempt to use the protections of chapter 11 to resolve mass injury claims by U.S. military veterans, but will allow a bankruptcy court to decide whether to shield...

Sears and creditors reach $175 million deal with Eddie Lampert to settle litigation over allegations of self-dealing

After four years stuck in bankruptcy limbo, Sears Holdings and its creditors have reached a settlement with former Chief Executive and majority shareholder Eddie Lampert and other investors, clearing ...

3 Drug Companies Fall on Zantac Lawsuit Fears. It Shows the Power of Analysts.

Shares of Sanofi , GSK , and Haleon  fell for the second straight trading session Thursday on surging worries about litigation over Zantac, a heartburn drug that the Food and Drug Administration effec...

Billionaire Robert Brockman, Accused of Biggest Tax Fraud in U.S. History, Dies at 81

When Robert Brockman, one of the richest people in the country, was visiting his company’s offices near Dayton, Ohio, he stayed at budget motels and ate frozen dinners in his room, a former employee r...

Drugmaker Endo Says Bankruptcy Likely Imminent

Endo International PLC, a pharmaceutical manufacturer facing thousands of lawsuits alleging it fueled the opioid addiction crisis, said Tuesday that it is likely to file for bankruptcy imminently. The...

Judge in Twitter, Elon Musk Case Known for Quick Work

The judge who will decide whether Elon Musk should have to buy Twitter Inc. has a record of quickly deciding urgent cases over imperiled corporate deals and has ordered buyers to close deals they want...

Ex-Advisor Sentenced to 22 Years in Prison for Ponzi Scheme

A former financial advisor was sentenced to nearly 22 years in prison for operating a Ponzi scheme that swindled $9.3 million from investors, according to the U.S. Attorney’s Office for the Northern D...