investors News

PG&E Fire Victims Again Seek Payout Guarantee Amid Virus Tumult

Victims counting on PG&E Corp.’s bankruptcy to compensate them for their losses in California wildfires are making a last-ditch effort for court protection against gyrations in the utility’s share price in the virus-infected stock market. Lawyers for a committee representing …

All Tesla Directors But Musk Settle Investors’ SolarCity Suits

All Tesla Inc. directors except Chief Executive Officer Elon Musk agreed to a $60 million settlement to resolve shareholder lawsuits over the company’s purchase of SolarCity, according to court filings. Insurers covering Tesla’s directors and executives will foot the bill …

KKR-Led Funding Round Gives $100 Million to Startup Policygenius

Online insurance startup Policygenius raised $100 million from investors including KKR & Co. and venture capital operations backed by Axa SA, Massachusetts Mutual Life Insurance Co. and Transamerica. The company has annual revenue of $60 million, which is 10 times …

Iowa Town Working to Buy More Homes in Flood Plain

BETTENDORF, Iowa — The city of Bettendorf has been awarded a $2.2 million federal grant that, coupled with state and city contributions, will make $2.95 million available to buy out up to 22 homeowners in the flood plain along Duck …

McKesson Board Agrees to $175 Million Accord in Opioid Case

McKesson Corp.’s board reached a $175 million settlement with investors who claimed directors failed to maintain adequate internal systems for spotting suspicious opioid shipments, as the U.S.’s largest drug distributor continues to grapple with claims it helped fuel a public-health …

Bayer Roundup Mediator Is ‘Optimistic’ With Talks Heating Up

Bayer AG’s settlement talks over tens of thousands of lawsuits alleging its Roundup herbicide causes cancer are heating up as the company’s lawyers meet with individual attorneys representing consumers across the U.S., according to people familiar with the negotiations. The …

In New Headache, WeWork Says it Found Cancer-Causing Chemical in its Phone Booths

NEW YORK — Cash-strapped WeWork, the office-sharing company that is trying to negotiate a financial lifeline, has a new problem that may prove costly. It has closed about 2,300 phone booths at some of its 223 sites in the United …

Facebook Wins Dismissal of Investor Lawsuit Over Privacy Breach

NEW YORK – Facebook Inc and its chief executive Mark Zuckerberg on Thursday won dismissal of an investor lawsuit accusing them of deceiving investors about the likely impact of a privacy breach on its stock price, though the investors will …

J&J Shares Rise as Oklahoma Opioid Award Less Than Expected

Johnson & Johnson shares rose as much as 5.4% after an Oklahoma judge ordered the company to pay far less than some investors expected in the first trial by a state seeking compensation for the public-health crisis spawned by opioid …

Bayer Is Said to Seek $8 Billion Roundup Cancer-Claim Deal

Bayer AG is proposing to pay as much as $8 billion to settle more than 18,000 U.S. lawsuits alleging its Roundup herbicide causes cancer, according to people familiar with the negotiations. An agreement, which could take months to work out, …