The city of Chicago has settled a lawsuit for $20 million that it filed against a red-light camera company whose former chief executive pleaded guilty to a federal bribery charge. Chicago Mayor Rahm Emanuel announced the settlement Monday with Redflex Traffic Systems Inc. of Arizona and its Australian parent company Redflex Holdings Ltd. The lawsuit accused Redflex of fraud and making …
A Russian technology executive has sued BuzzFeed and its editor Ben Smith for publishing the unverified Trump dossier, calling it “perhaps one of the most reckless and irresponsible moments in modern ‘journalism.'” Within hours of the lawsuit’s filing, BuzzFeed blacked out the name of Aleksej Gubarev in the dossier on its site and apologized. “We have redacted Mr. Gubarev’s name from the published dossier, and apologize for including it,” BuzzFeed spokesman Matt Mittenthal told CNNMoney. Aleksej Gubarev is the CEO of XBT, a company that hosts websites and runs thousands of computer servers worldwide. The lawsuit claims …
Cedar Rapids-based CRST trucking company is facing a $350 million lawsuit in California for a crash in 2014 involving one of its drivers. The lawsuit claims Hector Contreras, a driver for CRST, in July 2014 crossed the center line on California state route 14 and hit another car head-on, seriously injuring Matthew and Michael Lennig. The lawsuit claims both …
James Packer’s Crown Resorts is facing a potential class action from investors stemming from the imprisonment of its staff in China. Video duration00:48 James Packer returns to Crown board A management shake-up at Crown Resorts, after a horror run in 2016, could leave investors a little confused. Tigerair permanently cancels Bali flights Video duration00:48 Tigerair permanently cancels Bali …
Austin-based Yeti Coolers said Thursday that it has settled a lawsuit against RTIC Coolers, a Texas-based competitor that Yeti has accused of copying its designs and intellectual property. The settlement calls for RTIC Coolers to make a financial payment to Yeti, to cease sales of all products subject to the lawsuit – which includes hard-sided coolers, soft-sided coolers and drinkware — and to …
A group of U.S. chicken farmers sued the country’s biggest poultry processors, including Tyson Foods Inc, for allegedly conspiring to depress their pay, the latest accusation of improper collusion in the sector. Tyson, Pilgrim’s Pride Co, Sanderson Farms Inc and other companies illegally agreed to share detailed data on grower pay with one another to keep …
Presenting a reality that’s probably not quite as virtual as they might possibly like, Facebook and its Oculus subsidiary have been hit with more than $500 million in damages in a lawsuit. According to Variety, a judge has ordered the companies to pay the damages to video game publisher ZeniMax Media, who successfully argued that Oculus executives broke their non-disclosure agreements with the …
The Federal Trade Commission’s two-year probe of Qualcomm has led to the government filing suit against the California-based company, accusing executives of employing “onerous” tactics allowing it to “maintain a monopoly on baseband processors.” Since then, the semiconductor manufacturer has been slapped with at least two putative class action complaints filed …
Ousted Snapchat early employee Reggie Brown was paid $157.5 million in a settlement in September 2014 to close off a 2013 lawsuit he had brought against other co-founders Evan Spiegel and Bobby Murphy, alleging that they had taken his original idea and run with it, pushing him out of the company without compensation in the process. The details were made public for the first time in Snapchat’s …
Poaching in the entertainment industry hit the news late last year when 21st Century Fox accused Netflix, Inc. of poaching employees in Twentieth Century Fox Film Corp. v. Netflix Inc., SC12643. Poaching, or lack thereof (anti-poaching), hit the news this week as Disney settled …