The Hollywood Reporter tells us that the league has now upped its nearly-two-year-old $1.5 million lawsuit against the rapper M.I.A. to $16.6 million in damages for having flipped the bird at halftime of Super Bowl XLVI in 2012.
Read More »Citigroup military loan borrower shut out of settlement
A retired Army sergeant who accused a Citigroup Inc. unit of overcharging military personnel on home loans was barred by a judge from joining a $20 billion national settlement with the five largest U.S. mortgage servicers over botched foreclosures.
Read More »Toyota agrees to $1.2B settlement
Toyota Motor Corp. has agreed to pay a $1.2 billion penalty to end a U.S. criminal probe into sudden unintended acceleration that led to the recall of more than 10 million vehicles, the Justice Department said.
Tagged with: Toyota
Read More »COMPANY ANNOUNCEMENT: Dolan Co. to seek Chapter 11 reorg
The Dolan Company, the Minneapolis-based owner of The St. Louis Daily Record, The Kansas City Daily Record, The Countian, The Jefferson Countian and The St. Charles Business Record, will seek bankruptcy protection under Chapter 11.
Read More »Optimism high in national commercial real estate market
According to a survey conducted by Akerman LLP, a top 100 U.S. law firm, investor and lender confidence in the national commercial real estate market are reaching new heights since the recession.
Read More »Google, Viacom settle YouTube copyright suit
Google Inc. and Viacom Inc. settled Viacom’s $1 billion lawsuit claiming YouTube violated copyrights by letting users post video clips from television shows without authorization after a federal judge twice threw out the allegations.
Tagged with: Google Viacom YouTube
Read More »Accounting board easing some reporting requirements
Private companies have called for streamlining the way they are permitted to report financial statements, and it appears regulators are listening.
Read More »Banks finish paying $20B in relief funds
U.S. mortgage servicers including Citigroup Inc. and Bank of America Corp. have finished paying $20 billion in relief to borrowers under a legal settlement over botched foreclosures, the court-appointed monitor said.
Read More »Homebuilder confidence in March lower than forecast
Confidence among U.S. homebuilders rose less than forecast in March, a sign the industry may take time to pick up after inclement weather damped activity earlier in the year.
Read More »Chance of U.S. wage rise so remote lobbyists pay little heed
The odds that Congress will pass an increase in the U.S. minimum wage before the November elections are so low that even the nation’s lobbyists are largely ignoring it.
Read More »Fannie Mae wind-down deemed threat to home recovery
A U.S. Senate plan to dismantle Fannie Mae and Freddie Mac may deliver an unintended blow to a fragile housing recovery.
Tagged with: Fannie Mae
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