Netflix is looking to strike down a $1.5 billion lawsuit from Relativity Media claiming breach of contract and libel, saying the embattled production company only wants to blame the streaming giant for its failure. The lawsuit from Relativity, on which TheWrap reported exclusively in October , said Netflix acted in “bad faith” over an output deal that paid millions to Ryan Kavanaugh’s company …
Thomas Harding, Montreal Maine and Atlantic Canada Co. (MMAC), and Canadian Pacific Railway are now the three official defendants. “(These two respondents) were the last piece of the puzzle and we believe they will provide the court with the entire perspective that is needed,” he said. Harding’s lawyer was not immediately available for comment.
The net keeps getter wider as the trustee overseeing the bankruptcy liquidation of Health Diagnostic Laboratory Inc. sues the company’s insiders and top executives along with a wide range of other players. And it appears that even doctors are not going to be off the hook as the bankruptcy case of one of Richmond’s former star startups …
“Ultimately the Lehtinens, without admitting liability, agreed to pay $750,000, which covers everything we believed they owed their employees going back two full years, plus an additional amount paid as liquidated damages, plus attorney fees,” said Tim Louris, a lawyer representing the employees from Minneapolis firm Miller O’Brien Jensen. A federal judge in Minneapolis approved the payment on …
David Tepper is the odds-on favorite to win an $11 billion lawsuit against Caesars Entertainment. That’s according to the mediator trying to hammer out a deal between the casino giant and holdout creditors in the contentious bankruptcy of Caesars’ biggest operating unit. Creditors, including Tepper’s Appaloosa Management, have sued Caesars in New York, accusing the non-bankrupt parent of …
Tracy Rucinski and Tom Hals In a case full of twists, Caesars Entertainment Corp (CZR.O) late on Monday won a two-week extension on a shield from lawsuits worth billions of dollars just days after a different U.S. court allowed those cases to proceed. Investors are suing Caesars for reneging on its guaranty of bonds issued by its operating unit, Caesars Entertainment Operating Co Inc, or CEOC, …
The logo of PricewaterhouseCoopers is seen on the local offices building of the company in Luxembourg, April 26, 2016. REUTERS/Vincent Kessler (Reuters) – PricewaterhouseCoopers has settled a lawsuit accusing the auditing firm of failing to detect the fraud that brought down Taylor, Bean & Whitaker Mortgage Corp in 2009, a lawyer for the mortgage lender’s bankruptcy trustee said on Friday. The …
A federal agency has settled its $5 million civil lawsuit against Lincoln Paper and Tissue LLC by agreeing to seek restitution for a lesser amount when claims filed by unsecured creditors against the bankrupt mill’s estate are processed, officials said Monday. The Federal Energy Regulatory Commission agreed as part of the deal to place its claim for $379,016 in profits that FERC …
A federal judge has given preliminary approval to a $64-million settlement to be paid to investors by two former Dana Holding Corp. top executives who were the target of a securities-fraud class action lawsuit. In an order issued this week, Judge James Carr of the U.S. District Court in Toledo tentatively approved the settlement and scheduled a hearing for Nov. 18. In the meantime, the judge …
A settlement decision on the Premier Cru class action lawsuit was reached May 16, affecting approximately 4,450 Premier Cru customers who were left without the bottles of wine they paid for before the company declared bankruptcy Jan. 8. Michael Kasolas, the Premier Cru trustee, was given responsibility for liquidating assets and determining allocations of funds after a creditorâs hearing Feb. …