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

California Man Blames Casino after Gambling Away Half a Million Dollars

Solar Casino Night

The Drinks Will Cost You!

Mark Johnston is suing a Las Vegas casino after losing $500,000 at a blackjack table. Johnson alleges that employees of the Downtown Grand Las Vegas served him so much alcohol that it caused him to blackout and he was unable to remember what happened. It is said that Johnston was visibly drunk and slurring his words therefore, should not have been allowed to gamble. Johnston believes that he was plied with liquor and victimized, he goes on to say “Just picture a drunk walking the street and he’s drunk, and someone pickpockets and takes his money from him. That’s how I characterize it,” Johnston said. “I feel like it’s the days of old Vegas, the way they’ve been extorting me with letters and attorneys” (Martinez, 2014).

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Blocked, Buster: Video Rental Company Settles Lawsuit

Vhs'sss by Flickr user Orin Zebest, licensed by Creative Commons.

A settlement has been reached by top video rental company, Blockbuster, in a class-action lawsuit.  A Minnesota man, Baseem Missaghi, claimed that Blockbuster has been violating the Video Privacy Protection Act. The Privacy Protection Act was created specifically for rental companies like Blockbuster to prevent harvesting their end user’s information. The law states that video rental companies are not allowed to unveil information specific to each user’s account without their consent. Blockbuster had reportedly been holding onto the private data for millions of their consumers across the world. As part of the settlement, Blockbuster was required to pay lawyer fees totaling around $140,000.

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