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...
Tag: Crime/Legal Action
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,...
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...
Sinema took Wall Street money while killing tax on investors
Sen. Kyrsten Sinema, the Arizona Democrat who single-handedly thwarted her party’s longtime goal of raising taxes on wealthy investors, received nearly $1 million over the past year from private equit...
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 ...
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...
Sandy Hook Families Accuse Alex Jones of Diverting Funds From Infowars Parent Company
Families of Sandy Hook victims who are suing Alex Jones for defamation accused the conspiracy theorist of siphoning significant amounts of money from Infowars’ parent company before he put the busines...
Alex Jones Puts Infowars’ Parent Company Into Bankruptcy During Texas Defamation Trial
Alex Jones put the company behind his Infowars conspiracy site into bankruptcy on Friday as the broadcast host stands trial in Texas to determine how much he owes the families of Sandy Hook victims fo...
U.S. Bank workers opened fake accounts to meet sales goals, feds say
NEW YORK — For more than a decade, U.S. Bank pressured its employees to open fake accounts in their customers’ names in order to meet unrealistic sales goals, the Consumer Financial Protection Bureau ...
Do not leave any paper trail: how a group of sovereign citizens used a phony credit repair business to amass a real estate empire
Bad credit? No problem. A group of alleged scam artists have been charged with running a fraudulent credit repair business and then using their clients’ identities to get mortgages on millions of doll...
Users of payment services like Zelle need better scam protection, Dems tell CFPB
It should be easier for consumers defrauded via popular instant payment services like Zelle to seek redress, since money-transfer scams are reportedly growing more common, a group of Democratic lawmak...
China Fines Ride-Hailing Giant Didi $1.2 Billion, Citing Cybersecurity Breaches
SINGAPORE—Chinese authorities fined ride-hailing company Didi Global the equivalent of about $1.2 billion, bringing an end to a yearlong investigation into the company’s cybersecurity practices. The f...
3M Earplugs Fight Stems From Self-Made Legal Battle
A long-running legal battle over allegedly defective earplugs made by 3M arose after the company initiated a separate dispute against a smaller competitor, court documents showed. 3M’s effort to prote...
Fastly Cloud Computing Traffic Bumped Higher. That Should Boost the Stock.
Text size These reports, excerpted and edited by Barron’s, were issued recently by investment and research firms. The reports are a sampling of analysts’ thinking; they should not be considered the vi...
Twitter Stock Is Downgraded. Analyst Needs Just One Sentence to Explain Why.
Text size Twitter stock is downgraded given uncertainty over the company’s pending acquisition by Elon Musk. Justin Sullivan/Getty Images Twitter stock received another downgrade on Friday, fuel...