Friday, March 5 2010
EX-THORNBURG MORTGAGE EXECUTIVES SUED FOR THEFT
NEW YORK – Four top executives of Thornburg Mortgage improperly paid themselves handsome bonuses just before the mortgage lender filed for bankruptcy last year, and stole money and ideas from Thornburg to secretly launch a new firm, the bankruptcy trustee in charge of liquidating the lender alleged in a lawsuit.
REALDVD SOFTWARE LAWSUIT SETTLED
LOS ANGELES – A year-and-a-half after RealNetworks first tried to sell an application allowing users to copy DVDs onto a computer hard drive, the company is paying several major studios $4.5 million to end a lawsuit. RealNetworks has also agreed to a permanent injunction barring it from selling the RealDVD software.
SUPPLEMENT MAKERS SUED OVER CHEMICAL CONTENT
SAN FRANCISCO – A group including a California non-profit organization has filed a lawsuit against several fish oil manufacturers and pharmacies that sell the popular supplements over their purported toxicity. The lawsuit claims that the makers and sellers of certain supplements found to contain high levels of PCB compounds and have failed to alert consumers as required under California's right-to-know law.
KEYSPAN SETTLES COMPETITION CHARGES
WASHINGTON – Energy company KeySpan Corp. has agreed to pay $12 million to settle allegations that the company broke antitrust laws that likely led to higher electricity prices in the New York City electricity market over a two-year period.
AIG UNIT SETTLES DISCRIMINATION COMPLAINT
WASHINGTON — Two subsidiaries of American International Group Inc. have agreed to pay $7.1 million to settle discrimination allegations of charging higher fees to African American borrowers.
