The U.S. trustee for the bankrupt Tribune Co. is continuing her opposition to compensation plans put forward by the company, calling them excessive and criticizing Tribune's move to have bonuses paid as administrative expenses rather than as incentive plans.
XM Satellite Radio Inc. has been hit with a lawsuit alleging infringement of patents that cover an audio program player and playback system technology.
First-lien lenders of Trump Entertainment Resorts Inc. are urging a court not to let the bankrupt casino operator recharacterize its post-petition interest payments as payments of principal, saying such a move could reduce the value of lenders' claims.
Clear Channel Communications Inc. has become the latest radio heavyweight to agree to a settlement in a suit brought by Aldav LLC accusing broadcast media companies Cumulus Media Inc., CBS Radio Inc. and others of infringing a patent related to Internet radio technology.
A federal judge has ruled that a putative class action accusing CBS Corp. and its principals of timing an impairment charge for the personal benefit of company chairman Sumner Redstone did not adequately plead fraud, while giving the plaintiffs leave to replead.
The judge in charge of bankrupt radio company Citadel Broadcasting Corp.'s Chapter 11 proceedings has approved the company's disclosure statement, giving Citadel the green light to start soliciting support for a restructuring plan that was modified to increase recoveries for unsecured creditors.
Citing about $975 million in debt under senior secured notes, DVD rental chain Blockbuster Inc. said bankruptcy could be in its future if initiatives to generate liquidity prove unsuccessful in the next few months.
Killing three birds with one stone, Nixon Peabody LLP has bolstered its private equity, mergers and acquisitions, and global sports and entertainment practices by luring from Paul Hastings Janofsky & Walker LLP a corporate finance partner who focuses on sports deals.
A trustee for Tribune Co. bondholders has asked a court to bar Tribune's nondebtor subsidiaries from continuing to pay millions in bank fees related to a highly contentious 2007 leveraged buyout, saying lenders, including JPMorgan Chase Bank NA, concealed the payments to avoid court oversight.
A federal appeals court on Monday upheld a lower court decision that Nintendo of America Inc. and Microsoft Corp. didn't infringe a patent-holding company's joystick technology.
Cumulus Media Inc. has become the latest radio heavyweight to agree to a settlement in a suit brought by Aldav LLC that accused broadcast media companies Clear Channel Communications Inc., CBS Radio Inc. and others of infringing a patent related to Internet radio technology.
MGM Mirage has agreed to sell its 50 percent stake in one of Atlantic City, N.J.'s most prosperous casinos in order to resolve the state's concerns over the company's joint venture in Macau, China, with a Hong Kong businesswoman whose father reportedly has ties to Asian organized crime.
Senators reviewing Comcast Corp.'s plan to buy a majority stake in NBC Universal Inc. for $37 billion from General Electric Co. told top federal regulators on Thursday that their scrutiny of the deal should focus on protecting the public without overstepping regulatory boundaries.
A new batch of former student-athletes has joined a putative class action that accuses The National Collegiate Athletic Association, The Collegiate Licensing Co. and Electronic Arts Inc. of antitrust and right of publicity violations.
Patent-holding company TQP Development LLC is suing a host of corporate giants, including The Bank of New York Mellon Corp., Delta Air Lines Inc., Walgreen Co., Target Corp., Time Warner Inc., UBS AG and The Allstate Corp., for allegedly infringing its patent for an encrypted data transmission system.
InMotion Imagery Technologies LLC has accused nearly a dozen film companies — including Buena Vista Home Entertainment Inc., New Line Home Entertainment Inc. and The Weinstein Co. — of infringing a patent for video indexing technology.
A federal judge has put a hold on Lerner David Littenberg Krumholz & Mentlik LLP's bid for sanctions against an inventor claiming the law firm breached its duty of representation in negotiating a patent licensing agreement for video game controllers.
Daniel Offner — who specializes in intellectual property, financing and other issues that affect video game companies — has left Nixon Peabody LLP to join Loeb & Loeb LLP as chair of the firm's interactive entertainment practice group.
The heirs of comic book artist Jack Kirby are trying to bring down a lawsuit by Marvel Characters Inc. seeking to block their efforts to terminate the Walt Disney Co. unit's rights to several superhero characters, including the Incredible Hulk, Spider-Man and the X-Men.
A federal judge has ruled that Sony Computer Entertainment Inc.'s popular video game “God of War” does not infringe on copyrights held by a pair of screenwriters whose works also tell the tale of a heroic quest set in motion by the Greek gods.