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Word: verrecchia (lookup in dictionary) (lookup stats)
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...company cheated him by offering a series of favorable loans, and then held debts over his head as a bargaining tool. Hallyday could receive 350 million in damages, though Universal is appealing. "It's like if Elvis Presley decided to sue his producer when he was alive," says Jacques Verrecchia, Hallyday's lawyer. As the first decision of its kind in France, the case could inspire spin-offs. "The consequences could be absolutely catastrophic for the recorded-music business," Universal's lawyer said. Not everyone agrees, but it's likely that other disgruntled artists (are you listening, Prince?) will...

Author: /time Magazine | Title: Bizwatch | 8/8/2004 | See Source »

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