Facebook Inc. has asked a federal judge to vacate an asset freeze imposed by a state court in a New York state business owner's suit claiming a contractual right to an 84 percent stake in the social networking giant.
Riviera Holdings Corp., owner of Las Vegas' Riviera Hotel & Casino, has filed for Chapter 11 protection with a prenegotiated plan that the company says is unlikely to provide recovery for equity holders.
The prospective buyers of the Texas Rangers baseball team have filed suit to block a new round of bidding and forcibly close the $575 million deal at the core of the team’s unexpectedly fractious bankruptcy proceeding.
Hugh Hefner, the founder and face of the Playboy empire, has offered to buy up all outstanding shares of the company and take it private, prompting rival Penthouse to consider a bid of its own and spurring plaintiffs lawyers to begin investigating possible shareholder class actions.
Several second-lien lenders of CKX Inc. affiliate FX Luxury Las Vegas I LLC have proposed a plan to take over and reorganize the developer, challenging the company's original plan to auction off its property and refinance its first-lien debt.
An International Game Technology shareholder has launched a derivative securities suit against 16 current and former directors, alleging that misstatements about company finances and imprudent spending on technology upgrades led to an 85 percent drop in market capitalization.
Jazz musician Michael Henderson has accused rappers Snoop Dogg and Murs, along with Universal Music Group Inc. and SMC Recording Inc., of unlawfully using his copyrighted work in their songs.
A federal judge has decimated a $675,000 jury verdict against a then-undergraduate who illegally shared music, calling the damages won by Sony BMG Music Entertainment and several other record companies “unconstitutionally excessive.”
Bankrupt Station Casinos Inc.'s unsecured creditors are claiming that the company failed to provide key information about its restructuring proposal, including the total value for an asset sale involving the company's founders and the extent of liability releases.
Getty Images Inc. on Thursday scrapped a plan to buy London-based Rex Features Ltd. after the U.K. Office of Fair Trading said that the deal might allow the company to corner the market on photographs used by newspapers and magazines.
A federal appeals court has shot down founding Beach Boys member Mike Love's appeal of his loss in a suit against a British publication and other entities for using his likeness, ruling that neither the Lanham Act nor California’s common law right of publicity apply extraterritorially in the case.
The receiver overseeing business entities of accused Ponzi schemer Kenneth Ira Starr has filed a breach of contract suit alleging that film director Martin Scorsese and his production company failed to pay for business management services.
A bankruptcy judge has refused to stay an order confirming Philadelphia Newspapers LLC's reorganization plan while a pair of pension funds appeal it to a district court.
A dozen major companies — including Microsoft Corp., Amazon.com Inc. and Toyota Motor Sales USA — have voiced their support for Netflix Inc.'s bid to have the U.S. Court of Appeals for the Federal Circuit reconsider the standard on attorneys' fees awards to prevailing parties in patent infringement suits.
Centaur LLC's plan to offer a breakup fee in connection with the $7.5 million sale of its Colorado assets has come under fire from the U.S. trustee, who claims the move runs afoul of case precedent holding that such fees can't be used to give a favored purchaser an advantage over other bidders.
Federal securities regulators on Wednesday dropped all fraud claims against former AOL Time Warner Inc. executive Joseph Ripp after he agreed to pay $150,000 to end allegations that he had helped inflate the cable giant's advertising revenue by $1 billion.
A California jury on Wednesday awarded actor Don Johnson $23.2 million for his work on “Nash Bridges” and gave him a half-stake in the syndicated television show's future profits, ending a breach of contract suit against Johnson's co-producer.
A federal jury has found that Walt Disney Co. must pay Celador International Ltd. $269.4 million because it failed to honor a licensing agreement to share half the profits from the hit TV show “Who Wants to Be a Millionaire.”
Former NFL Hall of Famer Jim Brown on Wednesday beefed up his appeal of a decision dismissing a lawsuit claiming that Electronic Arts Inc. misappropriated his likeness in its popular Madden NFL video game series.
Brown Rudnick LLP's request for $9.2 million in final fees for its work representing unsecured creditors of newly solvent Six Flags Inc. has come under fire from the U.S. trustee, who says the firm may have an undisclosed conflict of interest that may provide grounds for disqualification.