In the wake of a devastating lawsuit and a proposed selloff of its holding company to Univision, Gawker.com will shut down next week, ending almost 14 years of independent — and at times inflammatory — publishing. Gawker filed for bankruptcy protection in June, after a jury ordered it to pay celebrity wrestler Hulk Hogan $140 million in damages for the publication of a sex tape in which he is …
Goldberg Law PC (the “Firm”) announces that a class action lawsuit has been filed against SunPower Corporation (“SunPower” or the “Company”) (Nasdaq: SPWR). Investors who purchased or otherwise acquired shares between February 17, 2016 and August 9, 2016 inclusive (the “Class Period”) are encouraged to contact the Firm in advance of the October 17, 2016 lead …
Megan van Ooyen is a senior associate business operations specialist in the OpRisk Global Data group at SAS in North Carolina It’s been two years since the peak of the regulatory fallout from residential mortgage-backed securities. Since then, regulatory fines and settlements, which tend to result in the largest operational risk losses for financial services firms, have largely settled down. …
When the technology firm SPARC sold the core of its business last fall, its executives were in for a big payday. Their incentive packages, intended to give them a stake in the company’s success, awarded them a slice of the eight-figure deal, which was among the highest-profile and priciest buyouts in Charleston’s technology industry in recent years. The question is, how much should they have made?
The owner of two Florida Mountain communications towers that collapsed in 2014 is suing Verizon for nearly $500,000. North Adams Tower Company alleges that upgrades Verizon made to equipment it owns on one of the towers caused it to collapse and take with it a second tower on March 29, 2014. The first tower to collapse was 160 feet tall.
SolarCity has landed in legal trouble as a class-action lawsuit has been filed against it in the U.S. District Court for the Northern District of California on behalf of a class consisting of persons and entities that acquired its securities between May 5, 2015, and February 9, 2016, announced the Wagner Firm, which filed the lawsuit. Anyone who is a member of the class described above and …
Venture capitalist Peter Thiel is defending his financial support for litigation targeting Gawker Media for its reporting on celebrities by likening it to efforts to crack down on privacy violations like “revenge porn.” In a New York Times op-ed on Monday defending his decision to fund a case that ultimately forced the media company to put itself up for sale, Thiel cited the Intimate Privacy …
Lawyers dream about doing little to no work and getting paid a fortune for the work they didn’t do. A group of hotshot securities lawyers recently was on the verge of just such a payday. They stood to collect $370,000 in legal fees for work that didn’t benefit their clients one iota.
Scott Dodich and Jayme Gotts-Dodich have a clear message for the Pokémon Go players who have invaded their local park and private cul-de-sac in St. Clair Shores, Michigan: Get off of their lawn! Also, don’t park in front of their driveway and those of their neighbors, and don’t trample their landscaping and look in their windows — and, when they ask you to leave their property, don’t yell, …
The complainant is Taylor, Bean & Whitaker (TBW), which was a top-10 wholesale mortgage lending firm. The trustees of the company are accusing PwC of negligence in their audits of TBW’s lender, Colonial Bank. In an agreement between the top management of the borrower and the bank, starting from 2002, TBW chairman Lee Farkas sent mortgage data to Colonial Bank for fake loans or those the company …