This is hilarious. Roy Pearson, a ?Washington D.C. administrative law judge sued a dry cleaner because they lost his pants. And he wants $65,462,500. He says he’s entitled to that $65 million because he’s had? .mental suffering, inconvenience and discomfort.. […]
A full-page ad in the Wall Street Journal, Chicago Tribune, and Washington Post by the U.S. Chamber Institute for Legal Reform (a pro-business group) suggests that lawsuit abuse costs the average American family $3,520. That is the alleged increase in […]
Marilee Jones, the dean of admissions for Massachusetts Institute of Technology, has resigned after it was discovered that she falsified her credentials. She claimed on her 1979 application to MIT that she had a bachelor’s and master’s degree from Rensselaer […]
Four defendants pleaded guilty to selling millions of dollars worth of fake Rockwell Automation software. The counterfeit software was sold on eBay, and had a retail value of $19 million. Each defendant faces five years in prison and a fine […]
I was cruising cyber-space, seeing what others had to say about today’s earnings call for Overstock.com. I made my feelings clear about the use of the word “improvement.” Overstock’s numbers are terrible, and when compared to last year, no one […]
A few weeks ago, a court barred Vonage Holdings Corp. from signing up new customers for its internet phone service while its appeal of a patent infringement case is pending. The U.S. Court of Appeals issued a stay of the […]
Richard Scrushy, founder of HealthSouth Corp. will pay $81 million to settle Securities and Exchange Commission claims. The payment includes $77.5 million in gains and a $3.5 million penalty, but he has already been credited with $71.5 million toward this […]
Wal-Mart is denying allegations that it investigated stockholders who submitted resolutions for the upcoming annual meeting. The Wall Street Journal reported earlier this month that Wal-Mart “directed its surveillance operations at critical shareholders,” citing a January 2007 memo. But CEO […]
Joseph Nacchio, the former CEO of Qwest Communications International was found guilty of 19 counts of insider trading. He was acquitted on the other 23 counts charged.The crux of the Nacchio case was whether or not he knowingly and willfully […]
Two weeks ago, Sam Antar wrote about Overstock.com CEO Patrick Byrne, and what happens to people who ask questions about the company, his management, and curious details about the company’s financial statements. This week Sam has a follow-up, detailing a […]
