Tribune Co. creditors on Tuesday won six extra weeks to study a soon-to-be-public independent examiner report that found potential fraud in the 2007 leveraged buyout of the bankrupt media group.
A former Manhattan art gallery owner was sentenced Tuesday to as long as 18 years in prison for his role in a long-running scheme that swindled investors and art dealers out of $120 million.
Now that News Corp. has bowed out of the battle for the bankrupt Texas Rangers, experts say that Major League Baseball's preferred buyers will likely prevail over billionaire Dallas Mavericks owner Mark Cuban in the contentious auction slated to begin Wednesday.
A federal appeals court could deliver a blow to the U.S Securities and Exchange Commission if it rules against the regulator in the high-profile insider trading case against Mark Cuban, self-made billionaire and owner of the Dallas Mavericks, lawyers said.
A federal judge has given the heave-ho to an antitrust suit brought by bankrupt magazine wholesaler Anderson News LLC against a host of single-issue magazine publishers including Time Inc., Rodale Inc. and American Media Inc.
Electronic Arts Inc. is facing a new class action on behalf of 6,000 former NFL players who say the video game maker used their likenesses without their permission in the popular Madden NFL video game series.
The Washington Post Co. said Monday that it would sell its financially foundering Newsweek title to Sidney Harman, the 91-year-old founder of audio equipment maker Harman International.
A group of creditors has asked to postpone for at least three months a hearing on The Tribune Co.'s reorganization plan to allow more time to review a 1,000-page examiner's report that found the $8.3 billion leveraged buyout of the company in 2007 involved fraudulent transfers.
A federal judge has ruled that author Neil Gaiman deserves a share of the profits from three characters in Todd McFarlane's "Spawn" comic book series that bear a strong resemblance to two fictional warriors Gaiman created for the series in 1992.
A federal judge has dismissed a suit accusing Microsoft Corp.'s Xbox Live network of infringing a patent for technology that lets video game users play together online, rejecting two inventors' efforts to overturn an earlier construction of one of the patent's claims.
Barnes & Noble Inc. is arguing in two declaratory judgment suits that its website and Nook e-reader do not infringe a swath of what it says are invalid document storage and network patents held by Alcatel-Lucent USA Inc. and Xerox Corp.
A former stage manager for the television show "Late Night With Jimmy Fallon" has filed a complaint with the U.S. Equal Employment Opportunity Commission and the New York Division of Human Rights alleging he was demoted because of his gender and fired after complaining about it.
A federal jury has awarded computer gaming pioneer Richard Garriott $28 million in a breach of contract suit alleging his former employer, Korea-based NCsoft Corp., fired him then cost him millions by forcing him to sell his stock options during the depths of the downturn.
The prospective buyer of the Texas Rangers has reportedly launched a “substantially enhanced” bid for the bankrupt baseball team, potentially blocking an upcoming auction and inciting opposition from hopeful competing bidders.
The Walt Disney Co. agreed Friday to sell Miramax Films for $660 million to a group including construction mogul Ron Tutor and private equity executive Tom Barrack, ending a protracted bidding war for the former indie movie powerhouse.
Ahead of a vote on a controversial reorganization plan, Tribune Co. creditors on Thursday won access to a report that concluded the 2007 leveraged buyout of the company involved fraudulent transfers.
New York Yankees third baseman and former Texas Ranger Alex Rodriguez has lodged an objection to the bankrupt Rangers' game plan for reorganization, citing "potential uncertainties" in the plan and looking to make sure he gets the $24.9 million in deferred compensation he's owed by his former club.
In an effort to expand operations in the Asia-Pacific region, communications company Aegis Group PLC said Thursday it would acquire Mitchell Communication Group in a cash-and-stock deal valuing Australia’s largest marketing company at AU$363 million ($326 million).
DeWitt Stern Group Inc. has lost its bid to toss a trade secrets and breach of contract suit brought by rival insurance services firm Marsh USA Inc. following the defection of employees and numerous clients from its entertainment practice.
Wage-and-hour suits are descending on the Hamptons hospitality industry like a horde of sweaty New Yorkers, and attorneys say the rise in litigation against the vacation spot's restaurants is sure to endure well past Labor Day.