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April 2012 Archives

AIG accuses founder of airplane lease business of pilfering clients

American International Group Inc. has filed a lawsuit against the founder of its airplane lease division for allegedly stealing company secrets to benefit his new, competing company. The litigation accuses the man and several former executives of downloading information from their computers for the benefit of the new business while still employees of International Lease Finance Corp., a unit of AIG.

Wynn and 'Girls Gone Wild' founder battling over $2M gambling debt

A $2 million gambling marker is the source of four lawsuits between Wynn Las Vegas and Joe Francis, the founder of "Girls Gone Wild." In the flurry of litigation, Wynn accuses Francis of failing to pay the gambling debt, which he incurred during a visit to the casino in 2007. For his part, Francis is suing Wynn Las Vegas LLC, the casino's parent company, for allegedly instigating a malicious criminal prosecution against him.

MGM shareholders bring new lawsuit over CityCenter complex

Despite assurances from MGM Mirage executives that a project to build a combination casino and resort on the Las Vegas Strip was "progressing nicely" and "on budget," in reality the project was suffering from construction and financing problems, according to an amended lawsuit filed by a number of MGM shareholders and bond holders on April 17. The lawsuit blames MGM executives for misleading investors and inflating the prices of its securities, only to have those prices plummet once problems with the new construction came to light in 2009.

Online poker players accuse website of raiding their accounts

The heads of a former Internet poker company have been sued again, this time by four former customers who say the two men used the plaintiffs' money to pay themselves bonuses and loans. The accused company, Full Tilt Poker, is out of operation more than a year after the federal government charged its management with fraud and accused them of running a Ponzi scheme against online poker players.

Platters member brings suit against Vegas hotel

A musical group promoting itself as The Platters in Las Vegas has become the target of a commercial litigation lawsuit. An original member of the band is accusing the group of trademark infringement. The suit was filed during the first week in April, with the original band member suing the musical group, the company that manages its performances, and an individual official with the company.

Keith Olbermann responds to Current TV firing with lawsuit

Television host Keith Olbermann has filed a $50 million breach of contract lawsuit against Current TV, the Al Gore-created cable news channel that housed Olbermann's "Countdown" show until he was fired at the end of March. Olbermann is accusing Current executives of running a substandard station and disclosing his salary in violation of a confidentiality clause.

Shareholder sues Groupon after report reveals lower revenue

A shareholder in the Internet discount provider Groupon has filed a lawsuit against the company accusing executives of deliberately fudging its revenue numbers for the fourth quarter of 2011. The company's revised profit number, which is $14.3 million lower than its earlier claim, helped drive down the company's stock on April 2. It is possible that Groupon will argue that the error was due to the company's inexperience running a publicly traded company.

Woman suing TV producers over depiction on jail show

A woman who was arrested and taken to Clark County Jail on a day in 2010 when TV cameras were rolling is claiming that the producers behind the series "Inside American Jail" defamed her by calling her a "naughty girl" and used her likeness without permission. She is suing Langley Productions, the company behind the show, in federal court. The personal injury suit once again raises questions about the relationship between Langley Productions and the Clark County Sheriff's Office.

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