From Pirate to Plaintiff

Johnny Can’t Deppend on Anyone to Handle His Money

Johnny Depp has agreed to settle a lawsuit, in which he accused his former business managers of negligence and dabbling in fraudulent activities with his money.  The amount of money Depp was looking to recover was $25 million.  Depp played the role of victim, claiming the firm did not uphold their fiduciary duties to him.  He blamed Joel and Robert Mandel of the Management Company, who managed Depp’s affairs for 17 years, for issuing loans to outside entities without Depp’s knowledge, and investing the actor’s money in opportunities for which the managers could also claim stake.  Depp also accused the Management Group of failing to file his taxes in a timely manner.  Despite these accusations, Joel and Robert Mandel filed counterclaims in the lawsuit. Read more

Warranted to Heal (But May Cause Cancer)

Great Powder Requires Great Responsibility

Following the announcement of the verdict in the ongoing Johnson & Johnson baby powder case, the company’s stock shares fell 1.4%. In the Missouri joint lawsuit, 22 women claimed a direct correlation between their long-term use of Johnson & Johnson baby powder and their ovarian cancer diagnoses. A jury agreed with the evidence and testimony presented in the lawsuit and awarded $4.69 billion to the women. This compensation amount placed this lawsuit as the 6th largest product-defect verdict in the history of the US.  Johnson & Johnson is fighting back and is confident that the verdict will reverse in an appeal.  Read more

Delicious Dough Turns into a Burning Disaster

Too hot to handle

While a patron may expect and hope for a hot meal when dining out at a restaurant, there is a degree to which food may be considered too hot.  In the case of Nathanael Smith, he was served a dinner roll that physically burned his hand. Last year, Nathanael was in Ozark, Missouri with his family, on vacation.  They had decided to eat dinner at Lambert’s Café, which is famous for tossing hot rolls at the customers.  According to the lawsuit recently filed against the Café, a waiter had placed the hot roll in front of Nathanael.  The waiter had tossed a roll to Nathanael’s father and handed a roll to his mother, but physically placed Nathanael’s roll down in front of him to pick up.  When Nathanael reached for the piping hot roll, he reacted in a way that is directly linked to his brain injury.  He clenched his fist around the roll, unable to let go. Read more

Consumers Wave Good Bai to All-Natural

Basic might actually be better

Maintaining a healthy lifestyle often forces us to pay attention to the ingredients that are pumped into our bodies.  Because the body uses water to facilitate organ function, regulate temperature, and aid in digestion, water is an important aspect of our diets.  Hydration is necessary, but water is not exciting.  Many people do not appreciate the taste of water, or lack there of, and thrive for something more.  Vitamin water is a healthy alternative to tap or spring water, and there are a variety of options available to consumers.  In particular, Bai advertises its water as a beverage infused with only natural ingredients. For those who pay attention to the list of ingredients on the packaging, a specific item mentioned is arguably synthetic.  Read more

Elvis’ Money Has Left the Building

guitar, by flickr user Michela Mongardi, licensed by Creative Commons.

All shook up

If Lisa Marie Presley gets what she wants, her former business manager will be dancing to the jailhouse rock. The daughter of music & American icon Elvis Presley is suing Barry Siegel for allegedly squandering away the Presley family’s hundred million dollar fortune. The lawsuit, filed in California, states that the Provident Financial Management and specifically Siegel “enriched himself with exorbitant fees”. The business manager then turned around and counter-sued for $800,000 and claims that Lisa Marie has extravagant taste and poor spending habits. Reports claim that the Presley fortune, once worth over $100m USD, is now down to around $15,000. A main recommendation from Siegel to Lisa Marie was an investment in the financial firm behind American Idol, an investment that eventually went bankrupt and turned about $25m in stock to about $500k almost overnight. Read More