SEC sues Goldman Sachs for fraud
. GS has already come under fire for "betting against" financial products it was marketing, a practice that apparently helped it prosper from the real estate bubble but come out relatively unscathed. The SEC now says that one such product was designed specifically so that a Goldman business partner, Paulson & Company, could take a short position on it. Investors were apparently not advised of this fact. Goldman's stock was off more than 10% in the half hour following the announcement. [more inside]
posted by grobstein
on Apr 16, 2010 -
Google Alleges That Viacom ‘Secretly Uploaded Its Content to YouTube, Even While Publicly Complaining About Its Presence There’
Zahavah Levine, chief counsel for YouTube in its litigation with Viacom, explains:
For years, Viacom continuously and secretly uploaded its content to YouTube, even while publicly complaining about its presence there. […] Viacom’s efforts to disguise its promotional use of YouTube worked so well that even its own employees could not keep track of everything it was posting or leaving up on the site. As a result, on countless occasions Viacom demanded the removal of clips that it had uploaded to YouTube, only to return later to sheepishly ask for their reinstatement. In fact, some of the very clips that Viacom is suing us over were actually uploaded by Viacom itself.
posted by ocherdraco
on Mar 18, 2010 -
The Donald Sterling Rule
"Los Angeles Clippers owner Donald Sterling lives by his own rules. And the only one that matters, apparently, is this: all bad deeds go unpunished
. Over the last six years, nearly two dozen L.A. residents have sued Sterling for engaging in racist housing practices and Jim Crow-style bigotry. In a 2003 deposition, the 76-year-old real estate mogul admitted to paying a former employee to have sex with him in an elevator. Three years ago, the U.S. government charged him with "willful" mistreatment of African-American and Latino tenants, and earlier this month, he agreed to pay the Dept. of Justice nearly $3 million to settle a federal racial-discrimination housing lawsuit, the largest award ever for a case of its kind." So why, asks California's Tenants Together
, has the NBA said nothing about Sterling's less than sterling behavior
? [more inside]
posted by ocherdraco
on Nov 27, 2009 -
A U.S. District Court judge recently dismissed
filed by a woman who said she had purchased and eaten "Cap'n Crunch with Crunchberries" for four years because she believed "crunchberries" were real fruit. [more inside]
posted by Four-Eyed Girl
on Jun 5, 2009 -
A clinic nurse first removed her intrauterine birth-control device
without permission, says the patient in a federal action, then told her that "having the IUD come out was a good thing," because "I personally do not like IUDs. I feel they are a type of abortion. I don't know how you feel about abortion, but I am against them
posted by tehloki
on Jan 20, 2009 -
Fifty Norwegian artists (including the national symphony orchestra KORK), who recorded Prince covers in honor of his 50th birthday June 7, have been slapped with a lawsuit by the short-tempered star.
For now, all 81 songs can be previewed free on C+C Records' website
, and some are also available on MySpace
in streamable medley form. Source.
posted by astruc
on Jun 28, 2008 -
Yesterday, Ralph Nader sued the Democratic Party for conspiring to prevent him from running for president in 2004. The lawsuit alleges that defendants used “groundless and abusive litigation” to bankrupt Ralph Nader’s campaign and force him off the ballot in 18 states, and names as co-defendants the Kerry-Edwards campaign, the Service Employees International Union, private law firms, and organizations like the Ballot Project and America Coming Together that were created to promote voter turnout on behalf of the Democratic ticket. According to attorney Carl Mayer from the team that filed the suit, interviewed this morning by Democracy Now!'s Amy Goodman
, "what this lawsuit will do, and the importance of it is, is to set a precedent so that the two-party monopoly system that shuts out minor parties in a way that other Western democracies never do, that this will set a precedent to prevent this type of intimidation and harassment."
posted by finite
on Oct 31, 2007 -
Johnson & Johnson is suing the American Red Cross
for trademark infringement. It contends that the Red Cross is supposed to use the symbol only in connection with non-profit relief services. "For a multibillion-dollar drug company to claim that the Red Cross violated a criminal statute … simply so that J&J can make more money, is obscene," said Mark Everson, the Red Cross president. Everson is paid $500,000 per year
, more than triple his previous salary as IRS Commissioner
. The suit asks the Red Cross to turn over the products in question to New Brunswick, N.J.-based Johnson & Johnson for destruction and also seeks unspecified punitive damages.
posted by Kirth Gerson
on Aug 9, 2007 -
Tina Alberts, a dental assistant, raises pot bellied pigs. Knowing this, her wacky boss Dr. Woo decided to play a practical joke on her. When she was under anesthesia he temporarily gave her two boar teeth
, leaving them in just long enough to stage a wacky unconscious photo. Later, he gave her the photo as a fun present. She freaked out. Everybody hired lawyers. Alberts got $250,000
. Woo got $1,000,000
. Yes, you read that right.
posted by miss lynnster
on Jul 29, 2007 -