lawsuits

The First of Many Future Bruno Lawsuits Filed

The Cajun Boy · 06/04/09 04:57AM

Sacha Baron Cohen's Borat produced a number of lawsuits filed by people who were duped by Cohen and humiliated on a broad scale. Now Bruno hasn't even been released on theaters yet and he's already being sued.

The Battle Royale Over Japonais

cityfile · 06/02/09 12:53PM

The big-box Japanese fusion restaurant Japonais currently has three locations around the country—Chicago, Las Vegas, and on East 18th Street in New York. One restaurant that is not part of the chain: the Japonais allegedly located in Westbury, Long Island. But if Roy Tuccillo, the owner of the new Long Island outpost gets his way, the three mega-restaurants around the U.S. will have to come up with a new name in the near future.

MTA Chairman Sued

cityfile · 06/02/09 09:58AM

As if the Dale Hemmerdinger, the chairman of the MTA, didn't have enough on his plate on the moment given the state of the city's transit system, two of his half-brothers are now suing him for allegedly siphoning off $2.2 million from 555 Fifth Avenue, a building that's part of the family's real estate conglomerate. [NYDN]

Spencer Dreier Strikes Back

cityfile · 06/01/09 11:28AM

Marc Dreier didn't contest the charges against him: Last month, the disgraced lawyer pleaded guilty to swindling hundreds of millions from investors and he'll be sentenced for his crimes on July 13. His son, however, appears to be keeping up the fight. Spencer Dreier filed suit against his former Union College roommate last week. The reason? Spencer claims that his former pal, Ben Clorite (right), defamed him by posting negative comments about his dad on the Wall Street Journal's Law Blog and also assaulted him.

A New Target For the Man Who Brought Down Lehman

cityfile · 05/27/09 02:18PM

More than 1,000 hedge fund managers gathered at Lincoln Center today for the Ira W. Sohn Investment Research Conference, an event that raises money for charity as well as gives other members of the industry a chance to gleam investment recommendations from some of the brightest financial geniuses around. (Those who paid the $3,000-per-person fee this year were treated to talks by the likes of Jim Chanos, Mark Kingdon, Stephen Mandel, Peter Schiff, and Peter Thiel.) Last year's conference was a particularly dramatic affair. David Einhorn, the founder of Greenlight Capital, used the event as an opportunity to explain why Lehman Brothers was headed off a cliff. Those who heeded Einhorn's advice did well for themselves, of course: The bank went bust just four months later. Einhorn spoke at the annual confab once again today, although it's too soon to know if the poker-loving hedge fund manager took aim at another financial firm this time around. In the meantime, though, Einhorn's lawyers seem to have done just that. They've been busy trying to crush the other Greenlight Capital.

Suing the City Still a Profitable Business

cityfile · 05/26/09 09:26AM

The MTA may be cutting back on staff and service, but there's one area where it continues to shell out big bucks: The agency reports it spends $30 to $60 million a year to settle personal injury suits and has handed out almost $1 billion over the past two decades. Despite efforts to close loopholes that make the transit system an easy target for people who have no one to blame for their injuries but themselves—such as the drunken teen who walked away with $1.4 million after he jumped onto the tracks, tried to outrun a train, and ended up losing both the race and his legs—the suits persist. Of course, if there weren't frivolous lawsuits against the city, about half of the MTA's advertising revenue would go up in smoke, so it probably all balances out in the end. [NYDN]

Ron Perelman Does Not Tolerate Disloyalty

cityfile · 05/22/09 11:01AM

Don Drapkin was once one of Ron Perelman's closest associates. A former lawyer at Skadden, Arps, Drapkin spent 20 years working for Perelman's holding company MacAndrews & Forbes as his chief dealmaker and "strategic thinker." He was so close to Perelman, in fact, that the billionaire mogul once likened him to a brother. Until, that is, Drapkin jumped ship in 2007 and joined Lazard as the firm's vice chairman at the invitation of Lazard chief Bruce Wasserstein. The split seemed uncharacteristically amicable at the time—Perelman announced that Drapkin had "done a terrific job," and he'd "miss him." But the relationship seems to have taken a turn for the worse since then. Perelman just hit Drapkin with a lawsuit.

More Legal Trouble For Tavern on the Green

cityfile · 05/19/09 08:55AM

These are difficult times for the LeRoy clan, the family that controls Tavern on the Green in Central Park. The 20-year lease on the fabled restaurant expires at the end of the year and Jennifer Oz LeRoy, the daughter of the late restaurant impresario Warner LeRoy, has been fighting to hold on to the venue. (More than 100 other parties have expressed interest in taking over the lease, although several of the biggest names—such as Danny Meyerhave since dropped out.) Now the LeRoy family has another headache to contend with.

Walter Noel Sued Yet Again

cityfile · 05/18/09 04:03PM

Walter Noel's messy legal situation just got messier. Irving Picard, the court-appointed trustee responsible for liquidating Bernie Madoff's investment firm and recouping funds for Madoff's victims, just filed a $3.2 billion lawsuit against Noel's firm, Fairfield Greenwich Group. So while Noel may get a chance to play golf in the Hamptons this summer, he's clearly going to have to learn how to swing a club and talk to his lawyer on his cellphone at the same time. [NYT]

American Apparel Caves

cityfile · 05/18/09 07:34AM

The intimate details of Woody Allen's love life will not be made public, after all. The filmmaker filed a $10 million suit against American Apparel a few months ago, claiming the apparel company had tarnished his rep by featuring him on billboards in New York and LA without his permission; American Apparel vowed to fight the suit and threatened to delve into Allen's personal life at trial in an effort to prove his image had already been marred by scandal. Now the whole mess is about to disappear: This morning American Apparel agreed to pay Allen $5 million to settle the dispute, which Allen claims is the "the largest reported amount ever paid under the New York right to privacy law." [Reuters, AP]