Author: Jonathan Stempel
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CVS unit must pay $290 million in drug whistleblower lawsuit, judge rules
Facebook Twitter WhatsApp SMS Email Print Copy article link Save Facebook Twitter WhatsApp SMS Email Print Copy article link Save By Jonathan Stempel (Reuters) -A federal judge ordered CVS Health’s pharmacy benefit manager unit to pay $289.9 million in damages and penalties after it overcharged Medicare for prescription drugs. In a Tuesday decision, Chief Judge…
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Judge scraps US rule capping credit card late fees at $8
A federal judge on Tuesday threw out a U.S. Consumer Financial Protection Bureau rule capping credit card late fees at $8, after the agency agreed with opponents that the rule adopted during President Joe Biden’s administration was illegal. U.S. District Judge Mark Pittman in Fort Worth, Texas, granted a joint request by the CFPB and…
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Walmart, Energizer must face lawsuits over battery prices
By Jonathan Stempel NEW YORK (Reuters) – 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 prices of disposable batteries. In a decision on Friday, U.S. District Judge P. Casey Pitts said plaintiffs in the three proposed class…
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Visa is sued over ‘Vanilla’ gift card scam
By Jonathan Stempel (Reuters) – Visa was sued on Tuesday by consumers who said the card payments network failed to make prepaid “Vanilla” gift cards less likely to being drained by thieves. Ira Schuman, who leads the proposed class action in the White Plains, New York, federal court, said he bought eight $500 Vanilla cards…
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Bank of America pays $12 million fine for misreporting mortgage data
By Jonathan Stempel (Reuters) -Bank of America agreed to pay a $12 million fine to settle U.S. regulatory charges it routinely submitted inaccurate information about mortgage applicants to the federal government, violating a law that thousands of mortgage lenders have followed for decades. The U.S. Consumer Financial Protection Bureau said on Tuesday that more than…
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Toyota to pay $60 million for lending abuses, tarnishing credit reports, US regulator says
By Jonathan Stempel (Reuters) -Toyota will pay $60 million to settle a U.S. regulator’s charges it illegally prevented car buyers from canceling unwanted product bundles that increased their monthly loan payments, and tarnished buyers’ credit reports. The Consumer Financial Protection Bureau (CFPB) on Monday said Toyota Motor Credit, the automaker’s U.S.-based lending arm, will pay…
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Judge narrows lawsuit over ‘South Park’ streaming rights
By Jonathan Stempel NEW YORK (Reuters) – A New York trial judge has narrowed Warner Bros Discovery’s lawsuit against Paramount Global over the rights to stream “South Park,” the animated comedy featuring foul-mouthed children. In a Monday decision, Justice Margaret Chan of the Supreme Court in Manhattan dismissed a claim that Paramount’s alleged deceptive practices…
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Meta’s Instagram linked to depression, anxiety, insomnia in kids – US states’ lawsuit
By Jonathan Stempel, Diane Bartz and Nate Raymond (Reuters) – Dozens of U.S. states are suing Meta Platforms and its Instagram unit, accusing them of fueling a youth mental health crisis by making their social media platforms addictive. In a complaint filed on Tuesday, the attorneys general of 33 states including California and New York…
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Starbucks to face lawsuit claiming its fruit drinks are missing fruit
By Jonathan Stempel NEW YORK (Reuters) – Starbucks was ordered by a federal judge on Monday to face a lawsuit claiming that several of its Refresher fruit beverages lacked a key ingredient: fruit. U.S. District Judge John Cronan in Manhattan rejected Starbucks’ request to dismiss nine of the 11 claims in the proposed class action,…
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Delta, United must face class action over US airfares
By Jonathan Stempel (Reuters) -Delta Air Lines and United Airlines were ordered by a federal judge to face a consumer antitrust class action accusing major U.S. carriers of conspiring to drive up domestic airfares by reducing the number of available seats. In a decision on Tuesday, U.S. District Judge Colleen Kollar-Kotelly in Washington, D.C., said…