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Tag: lawsuit
Falcone lawsuit dismissed as LightSquared prepares Chapter 11 exit
2015-03-31 02:00:00| Total Telecom industry news
Ergen gets $1.5 billion payout from new restructuring plan; mobile broadband firm's CEO looks forward to getting back to work.
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US investor lawsuit over Harbinger's LightSquared is dismissed
2015-03-31 01:30:20| Agriculture - Topix.net
A federal judge on Monday dismissed a lawsuit accusing Philip Falcone and his Harbinger Capital Partners LLC of misleading investors by taking a majority stake in wireless company LightSquared Inc without disclosing the investment or its risks. Philip Falcone, chief executive officer and chief investment officer for Harbinger Capital Partners, participates in a panel discussion during the Skybridge Alternatives Conference in Las Vegas, Nevada May, 9, 2012.
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Arvind Ltd to pay $3.2 million to Ralph Lauren to settle lawsuit
2015-03-30 11:42:08| Apparel - Topix.net
"The parties got into good faith discussions and agreed to enter into an amicable settlement without admission of liability of any party," Arvind Ltd said in a BSE filing. Textiles firm Arvind Ltd said its subsidiary Arvind Lifestyle Brands Ltd will pay $3.2 million to Ralph Lauren Corporation USA to settle a lawsuit filed by it in a US court in 2013.
Farmville maker Zynga to face lawsuit over 2011 IPO
2015-03-27 09:11:00| Telecompaper Headlines
(Telecompaper) Social game developer Zynga, best known for its 'Farmville' game, is to face a lawsuit alleging fraud by its management regarding its prospects before and after a December 2011 initial public offering, reports Reuters. US District Judge Jeffrey White ruled in San Francisco that shareholders could pursue claims that Zynga hid declining user activity, failed to inform them how changes to Facebook would affect demand and overstated its 2012 revenue forecast. Zynga's share value plummeted in the summer of 2012 after the company reported disappointing earnings and cut its outlook. The shareholders also alleged that Zynga deliberately concealed its weaknesses so that insiders could sell USD 593 million of stock before a post-IPO lockup was to expire, thus avoiding a near 75 percent drop in its share price over the subsequent four months.
Exide Settles Lawsuit
2015-03-26 22:06:00| Waste Age
<a href="http://www.recyclingtoday.com/">Recycling Today</a> The U.S. Environmental Protection Agency (EPA) has announced that Exide Technologies, headquartered in Milton, Georgia, has agreed to settle a lawsuit brought by the United States on behalf of the U.S. EPA and by the state of Indiana alleging Clean Air Act violations at the companys lead smelter in Muncie, Indiana. read more
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settles lawsuit
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