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Icahn Sues Lions Gate

Carl Icahn sued Lions Gate over what he called a "reprehensible" debt-to-equity deal executed last week by the movie studio that reduced the activist investor's stake.

Senh: Another never-ending saga between Carl Icahn and Lions Gate. I'm sure glad that The Expendables was near completion when this whole takeover started. I'm not a fan of hostile takeovers.

 

Airline sued for $5 million over bag fee

Airline sued for $5 million over bag fee

Lots of fliers hate paying for checked bags, but one air traveler was so frustrated by the fee and a lost bag that she's taking an airline to court.

 

Casey Affleck sued for sexual harassment

A producer of Casey Affleck's upcoming documentary about Joaquin Phoenix has dropped a bombshell $2 million lawsuit on the filmmaker/actor, claiming she was subjected to lurid sexual harassment and denied her producing fee after she refused to spend the night in a hotel room with him.

 

AIG Agrees to $725 Million Settlement of Securities Suit

American International Group Inc. agreed to pay $725 million to settle a long-running securities lawsuit alleging that the company several years ago engaged in insurance bid-rigging and inflated its stock price and insurance reserves.

Senh: If AIG were engaged in securities fraud and manipulating its stock price, shouldn't the execs be in jail? This just sounds like they paid their way out of prison. Martha Stewart got jail time for insider trading that amounted to a difference of just tens of thousands of dollars, AIG probably defrauded investors out of billions.

 

Justice Dept. challenges Ariz. immigration law

Justice Dept. challenges Ariz. immigration law

The U.S. Justice Department is filing a lawsuit challenging the constitutionality of Arizona's tough new law targeting illegal immigrants.

 

Apple waives iPhone 4 restocking fee

It seems doubtful that this modest olive branch will stop the class action lawsuit dead in its tracks, and if Apple really wanted to make nice with irate customers they would give out bumpers to fix the antenna problem, but that’s also unlikely.

 

Supreme Court rejects Vatican appeal in sex abuse case

Supreme Court rejects Vatican appeal in sex abuse case

The U.S. Supreme Court refused on Monday to consider whether the Vatican has legal immunity over the sexual abuse of minors by priests in the United States, allowing a lawsuit filed in 2002 to go forward.

 

Dow Jones Wants $10k Per Story From Briefing.com

So much for the $10 Web story. Dow Jones & Co. indicated to a federal judge Friday that it wanted roughly $10,000 per infringed article from financial information service Briefing.com to settle a suit accusing the Web-based company of swiping verbatim content minutes after publication.

 

Sleepy flier locked in empty plane sues

Sleepy flier locked in empty plane sues

A Michigan woman who fell asleep during a flight and woke up locked in an empty plane filed a lawsuit Thursday against United Airlines and a partner airline.

 

Holder: Feds may sue over Arizona law

Attorney General Eric Holder said Sunday that the Justice Department was considering a federal lawsuit against Arizona's new immigration law.

 

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