Airlines' Merger in Holding Pattern as Judge Weighs Severance
A federal bankruptcy judge defers giving his blessing to the merger of US Airways and American Airlines, as he weighs outgoing American CEO Tom Horton's severance package.
A federal bankruptcy judge defers giving his blessing to the merger of US Airways and American Airlines, as he weighs outgoing American CEO Tom Horton's severance package.
Marc Himmelstein, CEO of D.C. lobbying firm National Environmental Strategies, is suing Comcast for $26,000, claiming its negligence caused a drop in his credit score which increased the price of his mortgage substantially.
A half-dozen Delta Air Lines flight attendants sued the carriers for what they say is discrimination in the form of smaller profit-sharing paychecks for former Northwest Airlines employees, the Associated Press reported Wednesday.
Earlier this year the U.S. Supreme Court interpreted an anti-employment discrimination statute in a pro-employee way. On Tuesday the Court did it again, in Staub v. Proctor -- a case involving alleged bias by supervisors against an employee.
Two foreclosure middlemen, LPS Default Solutions and Prommis Solutions, are accused of illegally paying non-attorneys to practice law so banks and law firms could save on document filing costs. It's more than a money issue -- the errors these rushed non-attorneys are making may lead to another messy stage of the mortgage meltdown.
Activision Blizzard has added video-game competitor Electronic Arts to its $400 million countersuit against two former executives of "Call of Duty" creator Infinity Ward, claiming that EA tried to lure the executives away while they were still under contract with Activision.
The clock is ticking for U.S. regulators to decide whether to sue Google to prevent its announced $700 million merger with ITA Software, the maker of the largest airfare-pricing platform. Google last month invoked a legal provision that gives the Justice Department 30 days to make a decision.
The U.S. Justice Department has begun an investigation into the country's two largest delivery companies, UPS and FedEx. Both have policies aimed at preventing customers from negotiating lower shipping rates through third parties.
Safeway might not seem to have any connection to Blockbuster, but it turns out the supermarket operator is the landlord of several Blockbuster stores slated for closure. Safeway has filed a motion to ensure the liquidations don't disrupt neighboring businesses.
Allstate is suing Bank of America and its Countrywide Financial division over Countrywide's sale of $700 million in mortgage-backed securities to the insurance giant, alleging that Countrywide knew in advance that the assets would drop in value because of a high percentage of defaults.






