Dan Aykroyd’s Crystal Head Vodka emerged victorious Wednesday in a Los Angeles federal trademark dispute with a tequila company over skull-shaped bottles that each brand uses to distribute their spirits. In its lawsuit, Crystal Head maker Globefill Inc. — which is majority owned by the “Ghostbusters” star — alleged that Kah Tequila’s packaging was a...
By David Lat With its final resolution almost 30 years in the past, it’s hard for observers today to understand the epic nature of Pennzoil v. Texaco. The case is famous for generating what was at the time the largest jury verdict in history, for $10.53 billion (or $11.1 billion with interest, after it was...
By Dani Kass Law360, New York (August 24, 2016, 4:12 PM ET) — A Massachusetts federal judge on Tuesday refused to let Omnicare Inc. escape from two whistleblowers’ False Claims Act suit accusing the health care company of entering into a six-year kickback agreement with drug manufacturer Organon, concluding that too many questions remain about...
WIRED Magazine By Davey Alba (August 16, 2016) UNIVISION IS BUYING Gawker Media. The television network and web publisher reportedly placed a winning bid of $135 million to purchase Gawker, which declared bankruptcy after losing an invasion-of-privacy lawsuit to former pro wrestler Hulk Hogan. A federal bankruptcy court judge is set to approve the final...
The Wall Street Journal By Tom Corrigan (July 12, 2016) Lawyers for Gawker Media LLC say founder and Chief Executive Nick Denton will join his media company in bankruptcy unless a judge steps in to block litigation from former professional wrestler Hulk Hogan and his billionaire backer. In court papers filed Monday in U.S. Bankruptcy Court in...
Law360, New York (June 24, 2016, 7:12 PM ET) Private equity magnate Lynn Tilton and her Patriarch Partners firm have dropped Skadden Arps in favor of Gibson Dunn in their various legal battles, after a string of losses and a Second Circuit decision that rebuffed Tilton’s challenge to the U.S. Securities and Exchange Commission’s in-house...
Law360, New York (March 2, 2016, 5:22 PM ET) — A New York judge on Wednesday said a German bank’s $45 million lawsuit claiming private equity magnate Lynn Tilton and her Patriarch Partners firm misled the lender about the nature of its collateralized debt obligation investments can proceed, but trimmed one of two claims from...
Anadarko Petroleum Corp. was ordered to pay almost $160 million for its role as part-owner of the doomed Gulf of Mexico well that in 2010 caused the biggest offshore oil spill in U.S. history. The fine was the last big uncertainty hanging over Anadarko from the disaster. The order Monday comes after the government told...
By Peg Brickley Oct. 5, 2015 Investors in Lynn Tilton’s funds sued Monday seeking damages for alleged fraudulent misrepresentation and concealment tied to her multi-billion-dollar debt funds. Norddeutsche Landesbank Girozentrale and Hannover Funding Co. filed a civil suit in state court in New York, seeking damages from Ms. Tilton, her Patriarch Partners LLC and related...
Law360, New York (August 19, 2015, 4:28 PM ET) — Boomerang Systems Inc., a company that develops automated parking garages, said Wednesday that it is filing for bankruptcy in Delaware, blaming its financial problems on one of its lenders in a separate $25 million lawsuit. BSI said in a statement it has filed for Chapter...
