Word: countersuits
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...refrain from looking Stallone in the eye, to vanish immediately when he entered a room and never to speak to his mother. They say their failure to adhere to these rules caused their termination. Stallone's lawyer called the suit "purely fictional," and the couple has filed a countersuit for slander against two of the staff members...
...duplicating its prized information database--a vast system that tracks customer shopping patterns and product flow. "There's a lot of computer talent out in the Valley," notes Wal-Mart spokeswoman Betsy Reithemeyer. "If you're coming to Bentonville, you're looking for something specific." Amazon has filed a countersuit denying the accusations. The company says it was just looking for talented people...
...Microsoft's opponents are calling this a return to the obnoxious days," says TIME Daily Washington reporter Declan McCullagh, "and the countersuit certainly doesn't seem to be a winner legally." But by aiming at the states -- claiming that they have no right to enforce federal antitrust law -- Microsoft has added a side issue that will soak up the states' limited resources and slow this case to a crawl. "The states will have to respond, and Microsoft will respond to that," says McCullagh. "It's gonna be a long trial...
...bond trading desk. The allegedly fictitious transactions, which were discovered in April, bloated Kidder, Peabody's bottom line by $350 million and earned Jett $9 million. He was dismissed, and the company filed suit against him to get back the money. He has denied any wrongdoing and filed a countersuit against Kidder, Peabody...
...chairman of Apple Computer, abruptly left his new job as head of Spectrum Information Technologies, charging Spectrum's chairman Peter Caserta with fraud. Sculley's $10 million lawsuit claims Caserta failed to mention anything to him about an ongoing sec investigation. In turn, Spectra has brought a $300 million countersuit against Sculley for breach of contract...