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breakingBusiness

Donald Trump Legal Team Waives Attorney-Client Privilege On Michael Cohen’s McDougal Recording

President Donald Trump’s legal team decided today to waive attorney-client privilege claims on a Michael Cohen/Trump recording that reportedly discusses a payoff to Karen McDougal, a former Playboy model who claimed a long affair with the president in 2006. The recording was seized when the FBI raided Cohen’s home and office in April.  A Special Master in Cohen’s case previously ruled the conversation privileged, and Trump adviser Rudy Guiliani has come out and said the… Read

breakingBusiness

Harvey Weinstein & Former Crisis PR Firm’s Legal Dust-Up To Be Short Lived

Harvey Weinstein

There may or may not be smoke in crisis PR maestro Michael Sitrick's legal dispute with former client Harvey Weinstein over outstanding bills, but the whole thing is likely to have water poured on it within days. Despite a recent fiery court filing by Sitrick & Company alleging that the disgraced and now indicted producer has been squirreling away assets to avoid paying his debts, the two sides are actually close to ending the matter, we hear. In fact, the parties are… Read

breakingBusiness

Sen. Ted Cruz On James Gunn: “He Needs To Be Prosecuted If The Tweets Are True”

US Senator Ted Cruz (R-Texas), a former presidential candidate, has weighed in on the James Gunn controversy, saying he needs to be prosecuted if his past tweets alluding to child molestation are true. Cruz tweeted early on Saturday. “Wow. These #JamesGunn tweets are just horrible. Child rape is no laughing matter. As Texas SG, I handled far too many child sexual assaults. Truly evil. I'm glad Disney fired him, but if these tweets are true, he needs to be… Read

breakingBusiness

SEC Differs With CBS On National Amusements Bylaw Changes

The Securities and Exchange Commission challenged CBS’s interpretation of a rule that forms the cornerstone of its legal challenge to bylaw changes made by the Redstone family, according to regulatory filings made today. The SEC’s division of corporate finance asked CBS to explain its interpretation of SEC rules as imposing a 20-day delay before any bylaw change could take effect. Federal regulators appeared to reject the media company’s explanation about regulations… Read

Business

Lionsgate General Counsel Exited After Subordinate Abuse Claims – Report

Wayne Levin, who was general counsel for Lionsgate for 17 years, resigned in 2017 after a subordinate accused him of physical and sexual abuse and workplace harassment, according to the Wall Street Journal. Wendy Jaffe, who left the company in 2016, told the paper about a previously undisclosed sequence of events stretching for more than a decade. Levin’s departure was noted in a passing line in a recent regulatory filing, which said he resigned for “health and personal… Read

breakingBusiness

NFL Anthem Protests: Miami Dolphins Threaten Player Suspensions For Actions

The NFL’s Miami Dolphins are threatening to suspend players who protest during the national anthem for up to four games. The policy was announced in a recently issued nine-page discipline document under the section “Proper Anthem Conduct.” So far, NFL players have not reacted well to the league’s mandate that they stand at attention during the national anthem in the upcoming season. The NFL Players Association has threatened to take the league to court if it attempts to… Read

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California Supreme Court Blocks Ballot Measure To Split State Into Three

The California Supreme Court today blocked a proposal that would split the state into three from reaching the November ballot, according to multiple sources. The state’s high court said the measure, Proposition 9, shouldn’t be on the ballot because of the “substantial” questions raised about its validity. The court issued a brief order saying it intervened because the potential harm from permitting the measure to remain on the ballot outweighs any possible damage caused… Read

Business

Harvey Weinstein’s Lawyers Argue Ashley Judd’s Civil Suit Should Be Tossed — Updated

Ashley Judd

UPDATED with statement from Ashley Judd’s attorney Harvey Weinstein’s lawyers are urging a federal court judge to throw out Ashley Judd’s civil suit, arguing that too much time has passed for her to bring a legal claim seeking damages for allegedly ruining her career. Judd sued Weinstein in April, arguing that the once-powerful Hollywood producer sabotaged her chances of landing a role in the blockbuster The Lord of the Rings film trilogy in 1998. The singer and actress… Read

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Netflix Terminates Contract With The Weinstein Co.

Peaky Blinders

UPDATED with Netflix statement about Peaky Blinders: Netflix won a U.S. Bankruptcy Court’s approval to terminate its output deal with The Weinstein Company, a settlement that means the streaming service won’t be obligated to stream a third season of MTV’s Scream. The agreement, filed today (read it here), comes as Lantern Entertainment continues to work through various objections stemming from The Weinstein Co.’s bankruptcy, in hopes of establishing productive… Read

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Ron Burkle’s Yucaipa Sues Lantern For Fraud Over Weinstein Co. Sale Deal

EXCLUSIVE: Ron Burkle’s Yucaipa Companies has filed suit against Lantern Capital today accusing the private equity firm of fraud, breach of contract and other charges in connection with the purchase of The Weinstein Company assets. Looking for a wide range of damages, Yucaipa is claiming it shared confidential information with Lantern as the Dallas-based company positioned itself as the stalking horse bidder for TWC’s assets. Now, Burkle’s side says Lantern is refusing to… Read

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Johnny Depp & Ex-Biz Managers Settle $25M Fraud Suit A Month Before Trial

Johnny Depp

EXCLUSIVE: Johnny Depp and his former business managers will not be kicking off a potential messy and revealing trial over the Fantastic Beasts: The Crimes of Grindelwald star's long-held fraud claims of $25 million next month after all. After a long weekend in which attorneys for both Depp and the Management Group went hard, the parries reached a confidential settlement, I hear. While no one is talking, both sides in what has been a sometimes bitter and revelatory legal… Read

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Lantern Entertainment Closes $289 Million Acquisition of The Weinstein Co.’s Assets

Lantern Andy Mitchell Milos Brajovic

Lantern Entertainment today completed its acquisition of The Weinstein Co.’s assets, representing a fresh start for an entertainment company formed from the rubble of Harvey Weinstein’s sexual misconduct scandal. A library of 270 films, unreleased movies and a slate of scripted and unscripted television shows constitute the foundation of the newly formed studio with the ambitious stated goal of being “one of the pre-eminent homes for talent.” “Over the last several… Read