ContractsProf Blog

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Valparaiso Univ. Law School

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Monday, November 22, 2010

News in Brief

MONDAY, NOVEMBER 22, 2010

HOLLYWOOD (Calif.): "Live Nation reportedly is suing former Chairman Michael Cohl for $5.35 million, the amount he allegedly owes the company as part of his exit agreement from more than two years ago."

IRVINE (Calif.):  "Spectrum Pharmaceuticals is suing Cangene Biopharma in the U.S. District Court in Baltimore for allegedly breaching a 2008 contract to make Fusilev, an injectable cancer drug."

A ABUJA (Nigeria): "The Nigeria Football Federation have swung to crack down on bribery and corruption in the Super Eagles by putting in black and white that new Nigeria coach, Samson Siasia (right) will not only be fired, but will be liable to pay out a whooping three million US dollars (over 450 million naira) should it be established he has taken a bribe in the discharge of his duty."

LOS ANGELES (Calif.): "The Hollywood Foreign Press Association, creator and owner of the Golden Globe Awards, has filed a lawsuit against Dick Clark Productions, accusing the company of breach of contract."

NEW YORK (N.Y.): "Wells Fargo (WFC) agreed to pay Citigroup (C) $100 million to settle a lawsuit stemming from Wells Fargo's acquisition of Wachovia in 2008, the companies said Friday."

HUDDERSFIELD (U.K.): "The concert was billed as ‘explosive,’ promising Beethoven's Battle Symphony and Handel's Royal Fireworks. But the real explosions happened offstage when the principal conductor of the Huddersfield Philharmonic orchestra stormed out of rehearsals just three hours before the concert was due to start—and never came back.

LAS VEGAS (Nev.): "Owners of the Hard Rock Hotel & Casino in Las Vegas say a federal lawsuit filed by the Hard Rock Cafe chain over their shared name is hurting their bottom line in Nevada and other states."

FGS

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