Word: suit
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...Leary and Perik, along with other members of the toy company's management, as defendants. In the complaint, the shareholders alleged that under O'Leary and Perik the Learning Company used "accounting manipulations" to gain market share and drive up the company's stock price. According to the suit, a sales manager at the Learning Company at the time of the Mattel merger told employees that he "suspected the 'Learning Company is broke' and is 'cooking the books.' " Mattel paid shareholders $122 million to settle the suit. O'Leary and Perik settled as well. O'Leary did not return multiple...
Every varsity athlete’s dream of receiving a free DHA sweat suit may become another victim of the stagnant economy and the Harvard Department of Athletics’ budget cuts. It was customary for varsity athletes to receive the complementary sweat suit every year as a testament to their athletic prowess, but this year there will be no handouts. Following recent trends, Harvard’s Department of Athletics has made considerable reductions to its budget, which in turn has affected how much each team can spend on equipment. The department asked all varsity coaches to budget only...
...Other entrepreneurs around the world have also won against McDonald's claim to its famous prefix in recent years. In 2001 McDonald's lost a nine-year legal battle against McChina Wok Away, a Chinese takeaway in London, and in 2004, McDonald's lost a trademark-infringement suit against a Singaporean firm that had used names like MacNoodles, MacTea and MacChocolate. "It opens the way for them and other [Malaysians] to use the Mc prefix without fear," says Sri Dev Nair, the Suppiahs' lawyer...
...Chief Judge Arifin Zakaria, speaking for a three-member panel of judges in Malaysia's Federal Court, said the court's decision to refuse leave to appeal against the Court of Appeal's decision was unanimous. "We found no merit in the McDonald's appeal to continue with the suit," Arifin said. Counsel S.F. Wong for McDonald's, which has been operating in Malaysia since 1982, said the company would comply with the decision. McDonald Malaysia, contacted by TIME after the verdict, said only that it respected the court's judgment and that it would comply. (Read "In Lean Times...
...restaurant has gradually gained a loyal clientele even as the suit weaved its way through the slow-moving judiciary. The publicity brought them additional patrons, including curious American tourists, Bollywood film crews and plenty of locals. "[Customers] usually attacked McDonald's as they tucked into our Indian dishes," says Mr. Suppiah. "We did gain from the publicity, but because of the lawsuit, we could not franchise our outlet." Adissayam Xavier, a regular customer at McCurry, agrees with its owners that the McDonald's suit has been unfair. "It is cold-hearted to try to put someone out of business simply...