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Hedge Funds Seek Deals of Steel
With hedge funds throwing money at movies like "Superman Returns," entertainment lawyers are seeing a surge in lucrative deals.IPotential Founders Fight for Control of Patent Brokerage
The founders of patent brokerage IPotential have split up in an acrimonious business breakup. Joe Chernesky, president of IPotential, claims that CEO Ron Epstein tried to buy him out of the lucrative business, and when that didn't work, pushed him out. The fight between the two former friends culminated when Epstein allegedly disconnected Chernesky's computer access and demanded his keys to the office. The lawsuit reveals new details about the company and the long-simmering dispute.Former Tyco Executives Sentenced to Up to 25 Years in Prison
The two former top executives of Tyco International were each sentenced Monday to prison terms of 8 1/3 to 25 years on charges they stole more than $150 million in unauthorized loans and bonuses from the company. A Manhattan Supreme Court justice also ordered Dennis Kozlowski, Tyco's former chief executive officer, to pay $97 million in restitution to Tyco and $70 million in fines. Mark H. Swartz, the former chief financial officer, was ordered to pay $37 million in restitution and $35 million in fines.HP lawyer dropped into sea of trouble
LARRY SONSINI WAS about to have a bad day. It was the morning of Sept. 28, and Sonsini was preparing to testify before Congress about his role in the Hewlett-Packard Co. boardroom spying scandal. The House Committee on Energy and Commerce was focused on the company's use of pretexting, in which investigators lied about their identity to get phone records for HP directors and journalists.McCain Pushes for Telecom Diversity
Senate Commerce Committee Chairman Sen. John McCain, R.-Ariz., has introduced the "Telecommunications Ownership Diversity Act of 2003," offering a market-based solution for the growing concentration of media and telecommunications ownership. The bill, introduced Thursday, would offer large capital gains tax deferrals to phone and media firms that sell assets to smaller companies or individuals.Trending Stories
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