A production company sued Sony Pictures and its Columbia Pictures division, alleging the studios shortchanged the firm on receipts from the 1970s film “The Lords of Flatbush,” court documents state.
The suit filed Monday in Los Angeles Superior Court by Ebbets Field Film Co. claims breach of contract and violation of the business and professional code
TRAGEDY struck at Afam in Oyigbo local government area of Rivers State Sunday as over 29 persons were killed in a fire outbreak at Shell oil well in the area.
A source told Daily Champion that the fire was caused by a disagreement among indigenes of the three communities in Afam over the sharing formula for “royalties” from the illegal bunkerers who have turned the Shell oil well head into an illegal bunkering.
The three communities had been contesting the ownership of the land on which the well head is sited with each insisting on taking the lion’s share of the booty
Under intense scrutiny over billing and contracts related to the war in Iraq, Houston-based Halliburton Co. has once more come under the watch of the U.S
The worlds largest employment agency, Adecco, has again delayed the release of its 2003 results, saying an independent audit has yet to be completed.
Adecco gave no new date for the release of the figures, which had been due out on Tuesday.
The company repeated in a statement that bookkeeping problems discovered earlier this year had had little impact on its finances
CHICAGO (Reuters) – Nine current and former employees of Lucent Technologies Inc. and another individual on Monday were charged with securities fraud for their roles in accounting problems at the telecommunications equipment maker.
The civil case dates back to the company’s fiscal year 2000, during which the U
TORONTO (Reuters) – A U.S. grand jury has subpoenaed records from Nortel Networks Corp
Citigroup is to pay $2.6bn to settle claims that it was partly to blame for losses suffered by investors who backed failed telecoms giant Worldcom.
The bank is facing legal action from Worldcom shareholders who lost out two years ago when the firm went bust after admitting it had inflated its profits
Switzerland’s largest bank, UBS, has been fined $100m by the United States Federal Reserve for violating US trade sanctions.
UBS admitted “very serious mistakes” had been made and said it would now quit the banknote trading business outside Switzerland.
The Fed had accused the bank of supplying US dollars to countries such as Cuba, Libya, Iran and Yugoslavia
A drug manufacturer being investigated for possible antitrust violations because it cut off shipments to Canadian mail-order pharmacies has to turn its records over to the Minnesota attorney general’s office, a judge has ruled.
Hennepin County District Judge Peter Albrecht also gave a boost to Gov. Tim Pawlenty’s drug-importation Web site, ruling that not all drug importation is illegal
Halliburton Co. inched closer to settling all asbestos liabilities Monday with completion of hearings in Pittsburgh to confirm the pre-negotiated bankruptcy for subsidiary DII Industries.
The company expects U