Word: suede
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Dynamics sued, arguing that the Indiana statute interfered with interstate commerce and the Williams Act, which makes no mention of control shares and gives shareholders only 20 business days to consider tenders. But while the Indiana law placed some burdens on interstate commerce, said the court, it worked "for the...
But there is a substantial disincentive to keep the two sides from coming to terms too easily: the possibility of shareholder lawsuits if a prospective settlement is deemed too generous to either side. In conversations with TIME, Pennzoil's Liedtke said fear of just such litigation played a role in...
After Vrdolyak accused Hynes of using his office as county tax assessor to gain more business for his law firm, Hynes was quoted in the Chicago Sun Times suggesting that Vrdolyak had met with a Mafia boss. Vrdolyak sued for libel and accused Hynes of being a "liar and a...
-- A lesser-known TV preacher in New Orleans, Marvin Gorman, then sued Swaggart over another whistle-blowing incident. Gorman said Swaggart had lied by accusing him of repeated instances of adultery when, in fact, he was guilty ) of only one. That, said Gorman, was worth $90 million in damages. Responds...
Enter Norman Roy Grutman, a New York City lawyer who, incredibly, had represented Penthouse magazine against Falwell when the evangelist sued to prevent distribution of an issue containing an interview with him. In an additional twist, Grutman had also once been Falwell's lawyer in a libel case against Hustler...