Relativity has gotten past the first stage in its massive lawsuit against Netflix, but not without a couple of major chops from a Santa Clara Superior Court judge. At a court hearing late last week, Relativity was permitted to move forward on a claim that Netflix breached contract, but had its fair dealing claim as well as a trade libel one stricken. The two companies go way back.
Wells Fargo has confirmed the existence of an investigation by the Securities and Exchange Commission into its sales practices, and the bank revealed that it has almost doubled funds set aside to deal with its ongoing legal problems. The bank said in a regulatory filing Thursday that the SEC has joined other federal state and local government agencies and states attorneys general, …
A local nonprofit says a politically connected businessman gave campaign donations to former Mayor Alvin Brown and other officials as he tried to kill the group’s proposed apartment complex for homeless people and that city officials retaliated against the group after it sued the city for housing discrimination. The nonprofit, Ability Housing, added the allegations to the existing lawsuit it …
The Steamfitters Local 449 Pension Plan filed the suit on July 22 in the Southern District of New York, seeking unspecified damages. The lawsuit names Eaton Corp and Alexander Cutler, Eaton’s former chairman and ceo as well as Richard Fearon, its vice chairman and chief financial officer. The union claimed they violated US securities law by making “false and misleading statements” about the …
Jackson has agreed to settle a federal class-action lawsuit by ending the practice of jailing indigent people who can’t pay fines and fees in misdemeanor cases. The city agreed to give indigent defendants the choice …