Tag Archives: million

Achtung Spidey! Broadway Lawsuit Set for Court

“I have run, I have crawled, I have scaled these city walls…”

Spider-Man has always been much more familiar with spandex suits than lawsuits. The Broadway play ‘Turn Off the Dark’ is slinging across headlines after the old co-writer and musical director Julie Taymor is suing over copyright infringement. She is seeking compensation up to $1 million after being terminated after the show suffered from freak injuries and other mishaps. It was believed that a decision could be reached, however sources claim the final stumbling block was creative control over Marvel’s web-head himself. U2’s Bono and The Edge, who are the show’s composers, are also set to appear for the court date in New York, officially set for May 28. Read more

Priest Molestation Lawsuit Settles for $9.9m

New Scoop on Bowl-Shaped Frito Lawsuit

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Dip that chip!

The latest food lawsuit gives new meaning to the phrase “let the chips fall where they may”. Frito-Lay, the famous American snack distributor, has recently lost a legal battle against a smaller competitor involving their “Scoops!” tortilla chips. Medallion Foods, a private-label food subsidiary of Ralcorp Holdings, won the jury’s favor over their own brand of snacks that allow you to easily scoop up salsa, guacamole, or dip. Frito had been seeking $4.5 million worth of damages from the St. Louis company, claiming that their version of the scoop-able chip was simply a rip-off of their famous “Scoops!”. A U.S. district court in Dallas came to the decision in late winter, surprising many of those who assumed Frito-Lay had the inside track on a settlement. Read more

A Kodak Moment: Patents To Sell for $525 Million

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Picture this…

It seems that film isn’t the only thing Kodak has been developing recently. The famous digital imaging and photography company agreed to sell their patent portfolio to a large group of companies including Google, Apple, and Facebook. Eastman Kodak, based in Rochester NY, is monetizing their patents to help recover from a recent bankruptcy. Economists are predicting that the $525 million agreement will help Kodak re-emerge from Chapter 11 in the first half of 2013. Amazon, Samsung, and Microsoft are also members of the 12-company group of licensees. Read more

Closing the Book on the Facebook Lawsuit

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De-friended!

There’s a pretty good chance that Mark Zuckerberg had already de-friended Paul Ceglia. In a recent decision, Ceglia has officially been indicted after faking evidence against Facebook creator Mark Zuckerberg. The original lawsuit, which came about in 2010, stems from the fact that in 2003, Ceglia altered contracts co-signed by Zuckerberg in an attempt to give himself 50% share of the company. Authorities had arrested the internet entrepreneur in October on charges centered around issues relating to the lawsuit. Ceglia was guilty of mail fraud, wire fraud, and also attempts at tampering with and destroying evidence. He currently faces up to 20 years in jail per criminal charge. Read more