Martha Stewart to Testify in Trial Over Her Brand
NEW YORK — Eight years after Martha Stewart was released from prison for lying about a stock trade, the home diva is now facing another legal mess that may not be easy to clean up. Stewart, 71, is scheduled to take the stand in New York State Supreme Court Tuesday. She is at the center of a bitter legal battle between two of the nation’s largest retailers — Macy’s Inc. and J.C. Penney Co. Macy’s sued the media and merchandising company Stewart founded for breaching an exclusive contract when she signed a deal with Penney in December 2011 to open shops at most of its stores this spring. Macy’s, which has sold Martha Stewart products including towels and pots since 2007, is trying to block Penney from selling those products. The trial is clearly more than a vanilla contract dispute. It’s a courtroom drama that’s unfolding about disloyalty and greed. Testimony has portrayed Stewart as someone who turned her back on her good friend and Macy’s CEO Terry Lundgren so she could ...
India Parliament Panel to Probe Helicopter Deal
Indian government says it will set up a joint parliamentary committee to probe allegations that officials were paid bribes by Italy's Finmeccanica to help the group's helicopter division get a $744 million contract in 2010.
India Steps Up Probe of Helicopter Deal
New Delhi said it will send a team from its federal investigation agency as well as a senior defense ministry official to Italy to India investigate bribery allegations in a helicopter deal with a division of Italian defense contractor Finmeccanica.
United States: You May Want To Keep That Opinion To Yourself - Commercial Division Considers Whether A Legal Opinion Letter Triggers Personal Jurisdiction Under The CPLR - Sheppard Mullin Richter & Hampton
In "Burt v. Secure Telemedicine, LLC", the Commercial Division reconfirmed the need for specific allegations of personal contact with the state of New York.
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PODCAST: McDonald's gets the boot, housing starts hit a new roof
Wednesday, October 17, 2012 - 09:22 Joe Raedle/Getty Images After 20 years, McDonalds is being evicted from its location in the upscale Galleria Vittorio Emanuele in Milan. Nike said this morning it has severed its endorsement deal with Lance Armstrong. Armstrong also says he is stepping down as chair of the Livestrong cancer charity he founded. He says he doesn't want the doping allegations against him to distract from its mission. Markets are up in Europe after Moody's kept its credit rating for Spain right where it was . Spain has also been sending increasing signals it will ask for a bailout. A major Spanish index, the IBEX 35, ended the day up 2.3 percent. New construction on apartments and single family homes reached the highest point in September in more than four years . New mortgage applications for home purchases were lalso up last week. Bank of America reports an official quarterly profit of essentially "nothing-per-share." The bank got hammered by a legal settlement related to ...