In a 5-4 decision with important implications for class actions and for Congress’s ability to authorise lawsuits of all kinds, the Supreme Court has rejected the idea that violation of a statute can ever be enough grounds for a lawsuit unless it comes with a more concrete “injury in fact” to potential plaintiffs. Corporate defendants and the corporate bar will ...

Mukesh Ambani’s rivals should be relieved, though perhaps not too much. The petrochemicals czar has just told shareholders that he’s undertaking his life’s “most challenging” mission by investing 750 billion rupees ($10 billion) in clean power and fuel over three years. It doesn’t appear to be a big capital commitment from India’s most powerful businessman, certainly not when he’s just ...

Bloomberg Southwest Airlines Co will increase its minimum wage to $15 an hour and raise the pay of thousands of airport workers to ensure it retains sufficient staff and can attract new employees to support growth over the next two to four years. The move will affect more than 7,000 employees and take effect from August 1, the airline told ...