Reality TV shows such as HGTV’s “Love It or List It” often leave viewers wondering what really happens off camera. In a span of 60 minutes, the show’s fans can see a house in need of renovations transformed. What the highlight segments leave to the imagination are the nuts and bolts of construction projects that can lead show participants to tears of joy, or in some cases, unhappiness and …
Two Toronto law firms have launched a Canada-wide class-action lawsuit against the manufacturers of implantable defibrillators that can fail with little or no warning because of potentially defective batteries. About 8,000 Canadians were implanted with the cardiac defibrillators with the brand names Fortify, Fortify Assura, Fortify Assura MP, Unify, Unify Assura, or Unify Quadra, …
US-based oil company Cobalt filed for arbitration for a $2-billion suit against Angola’s state-run Sonangol oil giant last week, according to court documents found by Reuters. The two parties were due to reach an agreement on license extensions for two deepwater blocks, but negotiations broke down last year. Now Cobalt claims a $2 billion award, plus interest and other costs, as compensation …
Samsung Electronics Co. and Intel Corp. weighed in with their own gripes about Qualcomm Inc. while cheering on the U.S. Federal Trade Commission’s lawsuit accusing the chipmaker of trying to corner the market for semiconductors used in smartphones. The South Korean company, one of Qualcomm’s largest customers, and Intel, one of its biggest competitors, filed arguments Friday in support of the …
A Philadelphia businessman has won a series of court rulings that could clear the way for long-delayed lawsuits seeking more than $70 million against U.S. Bank, which he claims destroyed his company in a dispute over unpaid loans. The cases involve as much as $12 million that businessman Maury Rosenberg owed the bank, which through an affiliate loaned money to his company, National Medical …
J. C. Penney said Friday it has reached an agreement to settle a shareholder class action lawsuit for $97.5 million. The case stems from a period in 2013 when the Plano-based company was struggling to survive from a failed attempt to transform the department store. The lawsuit, Alan B. Marcus, Individually and on Behalf of All Others Similarly Situated, v. J.C. Penney Company, Inc., et.al., is …
It was bound to happen: A homeowner has filed suit against online realty giant Zillow, claiming the company’s controversial “Zestimate” tool repeatedly undervalued her house, creating a “tremendous road block” to its sale. The suit, which may be the first of its kind, was filed in Cook County Circuit Court by a Glenview, Ill., real estate lawyer, Barbara Andersen. The suit alleges that despite Zillow’s denial that Zestimates constitute …
“We had no involvement in operating the business or the conception or execution of the Fyre Festival,” the spokesman said, adding they “unequivocally disavow the handling of the situation in the strongest possible terms.” The suit explains that “Seed Series” investors normally have active “roles, involvement and control over the new company,” saying they are under investigation and will be …
Before the now-infamous Fyre Festival collapsed a few weeks back, the company behind it—maker of a mobile phone app you can use to hire entertainers for your club, concert, or party—said it was worth $90 million, according to a document obtained by Bloomberg News. Fyre Media Inc. faces a half-dozen lawsuits from less-than-satisfied customers over the disastrous music event in the Bahamas. Now …
A small New York City cafe is taking on coffee giant Starbucks in a legal war of the unicorns. The End Brooklyn in a new lawsuit accuses Starbucks of trademark infringement, arguing that the color-changing “Unicorn Frappuccino” recently introduced by the Seattle chain overshadows the smaller company’s health-conscious “Unicorn Latte.” The End started selling the Unicorn Latte in December, and has had a trademark application for the drink name pending since January, the company said in a Brooklyn federal court complaint filed Wednesday. Starbucks launched the Unicorn Frappuccino in April as a limited-run item. The sweet offering quickly …