Business

Lawsuit Accuses IBM of Hiding Info About China Risks

IBM

A shareholder has sued IBM Corp, claiming that the company concealed how its connection to what became a huge U.S. spy scandal damaged business in China and reduced its market value more than $12 billion. According to a complaint filed in the U.S. District Court […]

Prada Sues Knock-Off Perfume Company

prada candy

‘Prada Candy’ is one of the Italian luxury house’s best known scents, and Preferred Fragrance, a Brooklyn-based imitation scent manufacturer has been selling their ‘Party Candy’ perfume, at a much cheaper price and with very similar packaging. According to representatives, Prada’s perfume has brought in […]

Plaza Hotel Opposes Citi Bike Racks

citibike

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Brian Lichtenberg Suing Brother for $100 million

brian lichtenberg

Brian Lichtenberg, the creator of a celebrity-endorsed spoof clothing line that mocks the logos of high-end designers (such as replacing Hermès with “Homiès”) is suing his brother, Christopher, for $100 million. The suit comes as a result of an accusation by Brian that Christopher stole […]

GM Lawsuit Comes to a Close with $50 Million Payment

General Motors

An agreement was reached on Friday to end the grueling GM lawsuit. The litigation was over GM’s secretive 2009 hedge fund deal, and General Motors has agreed to pay $50M to a trust representing a Nova Scotia unit of GM. In 2012, the case was […]