Producers of Broken City defrauded investors out of millions, according to a lawsuit filed Wednesday in L.A. County Superior Court. Nemesis Finance is suing Randall Emmett/George Furla Productions and both men as individuals for breach of contract, fraud and violation of the RICO Act. The producers aren’t strangers to legal hot water; they’ve recently been sued over Heist and Motor City and are …
T. Rowe Price Group and Dell have reached a settlement over the computer giant’s $25 billion buyout, a deal the Baltimore money management firm opposed but voted in favor of in an embarrassing and unusual technical mix-up. The settlement resolves a lawsuit in which T. Rowe and other investors argued that Dell founder Michael Dell undervalued the company in his bid to take it private in 2013. A …
SEC: Josh Garza and GAW Miners “robbed one investor to pay another.” This is the second civil suit filed against the company within the last six months—it was sued by the Securities and Exchange Commission in December 2015 over similar accusations of fraud. The SEC alleged $19 million worth of fraudulent deals.
San Francisco Giants pitcher Jake Peavy is among the athletes who were defrauded by investment adviser Ash Narayan, the Securities and Exchange Commission alleges in a lawsuit. Documents unsealed in federal court in Dallas indicate Peavy, Denver Broncos quarterback Mark Sanchez and former MLB pitcher Roy Oswalt were defrauded of around $30 million. Bloomberg News reported the SEC says Narayan …
Want free concert tickets? Ticketmaster has announced plans to expand a free ticket giveaway related to a settled lawsuit. Eligible customers who act fast can get tickets for a selection of nearly 700 events in the U.S. and Canada, including The Cure, Sublime, Bob Dylan, and Gwen Stefani.
Future can’t seem to catch a break when it comes to people claiming he owes them millions upon millions of dollars. The latest to file a lawsuit against Future is his fellow rapper, Rocko, who is suing Future for $10 million. Their beef dates back to the early days of Future’s career when he was signed as one of Rocko’s artists.
In December and January, Spotify was hit with back-to-back lawsuits from David Lowery and Melissa Ferrick — both professors and artists — who sought class action certification over royalties they allege have gone unpaid to songwriters by the world’s largest streaming service. Lowery sought $150 million in damages in his suit, while Ferrick sought $200 million. Those suits were essentially the …
A Washington, D.C.-based public interest law firm filed a petition with the U.S. Supreme Court last week, urging the court to review a class action settlement that it argues is unfair to class members. On Thursday, the Competitive Enterprise Institute’s Center for Class Action Fairness, or CCAF, filed its petition for writ of certiorari with the nation’s highest …
The U.S. territory joins Hawaii, which earlier this month sued Takata and Honda, the largest user of recalled Takata air bags linked to 13 deaths and more than 100 injuries. The Virgin Islands …
A $375 million settlement will end the Rocky Flats nuclear weapons plant’s 26-year legal battle with thousands of Colorado homeowners, if approved by a federal judge. About 15,000 land- and homeowners in the Westminster and Arvada area will get damages from Dow Chemical Co. and Rockwell International Corp., co-owners of the Rocky Flats plant that made triggers for nuclear warheads …