Facebook Sued: Man Claims 84% Ownership

Another friend has come out of the woodwork for Mr. Mark Zuckerberg; a friend claiming he owns 84% of Zuckerberg’s company, Facebook. You may have heard of it. The lawsuit, filed in a New York State court, claims a contract exists that gives plaintiff Paul Ceglia, a majority share of the company. The court has issued a restraining order preventing Facebook from selling off or transferring assets.

According to the Wall Street Journal, Ceglia’s suit claims he signed a contract with Zuckerberg in April, 2003, to develop and design a website. For Zuckerberg’s services, Ceglia would pay $1,000 and get a 50% stake in the product. The contract also stipulated that Ceglia would get an additional 1% interest in the business for every day after Jan. 1, 2004, until it was completed. The site, was to be called something akin to “TheFacebook.”

In their early incarnations, businesses often offer a piece of the company to investors in return for the seed money that will enable them to grow or sometimes just survive. As in the Facebook case, this can lead to ownership disputes at a later stage, when the company has proven successful. Depending on what form a business takes (corporation, partnership, etc.) the type of business form chosen may help the founders keep control of a business. For example, in a limited liability partnership (LLP), only general partners exercise management control. Partnerships and LLCs are often financed with contributions and loans from partners (or members) and others.

In addition, as is illustrated by the Facebook case, the instrument (contract) outlining the investment and the expectations of the parties is very, very important. In this case, the Journal writes that the date of the contract appears to conflict with previous accounts of the creation of the company. Zuckerberg was said to have built a predecessor to Facebook called Facemash in October and November 2003. In addition, contract itself was unusual according to the Journal, because it doesn’t clearly state what else Zuckerberg would have gotten from Mr. Ceglia aside from $1,000.

Further, the ownership case here also has to face two other major hurdles. One is drawing a direct line from the entity contracted-for back in 2003 and the actual company in existence today. Second, experts have told the Journal the statute of limitations (the time in which you may bring a suit) on contract disputes has run. Victor P. Goldberg, professor of contract law at Columbia, told the Journal it is six years in the state of New York. The suit was filed June 30, 2010, which is just over seven years after the contract for the very first not-quite-Facebook was supposedly signed.

Related Resources:

* Man Claims Ownership of Facebook (Wall Street Journal)
* Man Claims He Owns 84% Of Facebook (BusinessInsider)
* How to Choose a Legal Structure (FindLaw)
* Contract Terms Checklist (FindLaw)
* Time Limits for Bringing a Case: The “Statute of Limitations” (FindLaw)
* Busniess Formation (provided by Kaplan & Associates, L.L.P.)
* Business Organization and Transactions News (provided by Kaufman, Miller & Sivertsen, P.C.)

Court details long, strange road to “Easy Rider” sequel

LOS ANGELES (Hollywood Reporter) – Considering the lack of courtroom success that Hollywood studios have had lately, perhaps the best legal strategy is to hide.

Consider Polestar Entertainment, a film production company that has just escaped a $700,000 default judgment for allegedly defrauding a man who invested in a sequel to the 1969 cult fave “Easy Rider.” The company was able to get out of the penalty on the grounds that it didn’t know a trial was going on. A Missouri appeals court has ruled that the court award was a violation of the defendants’ due process rights.

The decision marks the latest strange turn on the road to creating an “Easy Rider” sequel.

The plaintiff in the case was the estate of Al Kerth III, perhaps most infamous in Hollywood for helping relocate the Rams from Los Angeles to St. Louis. In 1999, Kerth invested $125,000 with Polestar, run by Glenn Tobias, for a planned sequel to “Easy Rider.”

Tobias ran into problems and had his assets foreclosed, including rights to the franchise.

Kerth committed suicide in 2002, and in sorting his affairs, lawyers for the estate discovered the agreement. In 2004, the estate filed a lawsuit against Tobias and two of his companies, Polestar and Besdine Management Company, alleging fraud and breach of contract.

Tobias hired a lawyer to represent him, but the counsel withdrew from the case. At the time, Tobias was dealing with other lawsuits in California, Taiwan, Europe and the Bahamas and decided to give priority to those other lawsuits. He didn’t hire a replacement to his Missouri counsel.

Meanwhile, the plaintiff moved to have the case put on the trial docket, and a judge set trial for July 9, 2007. The plaintiff, though, never mailed notice of the trial setting to the defendants. At the trial, the Kerth estate presented its evidence, and the trial court entered a judgment of $188,000 in compensatory damages, $135,360 in pre-judgment interest, and $376,000 in punitive damages.

According to the decision by the Missouri appeals court, reviewing the lower court’s awarded judgment, a year and a half passed before Tobias learned from his attorney in California that a collection proceeding had initiated. He then filed a motion to set aside the verdict. And … he won.

So what happened to that sequel to “Easy Rider”?

The man who seized the assets of Tobias sold the rights to a group that included Philip Pitzer, a lawyer from Ohio who wanted to fulfill his life-long dream of making the sequel. It took some doing on his part.

The film was going to be called “Easy Rider: The Search Continues” and was going to include clips from the original film. According to a story three years ago in the New York Times, the plan went haywire when Pitzer found out they didn’t really acquire rights to the old clips. Pitzer sued in Santa Monica Superior Court, claiming fraud and deceit in the sale of the sequel rights.

Kerth/Tobias failed to make the film (and let’s not forget the “Easy Rider: A.D.” attempt either), but Pitzer was finally able to pull it off. It was called “Easy Rider: The Ride Back” and we can hardly blame anyone for missing it.

Dr “Death” Patel was insecure about his own abilities

Brisbane, May 14 (ANI): Dr Jayant ‘Death’ Patel had expressed a lack of confidence in his ability to treat patients, questioning whether he should even do complex operations, it has emerged.

He made the remarks at the Bundaberg Base Hospiatal after failing to locate the cause of a patient’s post-operative bleeding.

Dr David Risson, who was a principal house officer at Bundaberg in 2004, said he was called into the operating theatre as an extra pair of hands for the second operation on Kemps, the Courier Mail reports.

“I recall Patel saying ””Maybe, I should start thinking about not doing these type of procedures anymore””,” Dr Risson said.

The incriminating facts put forth by the plaintiff include, Patel performing an oesophagectomy on Kemps and later reopening him in an attempt to find the source of the unexplained post-operative bleeding.

Later he had ordered for Kemps to be taken off the ventilator assuming he was brain-dead without following necessary protocol to arrive at such a conclusion.

The trial is still on. (ANI)

Odor Litigation Against Converted Organics` Woodbridge Plant Withdrawn

Plaintiff Drops All Claims against Organic Fertilizer Manufacturer`s East Coast
Facility
BOSTON–(Business Wire)–
Converted Organics Inc. (NASDAQ:COIN) announces that the lawsuit filed in the
Middlesex County Superior Court, New Jersey on May 19, 2009 that made claims
against operations at its Woodbridge, NJ manufacturing facility, has been
dismissed by plaintiff Lefcourt Associates, Ltd, et al.

The complaint had sought to halt any operations that would continue to cause or
contribute to the cause of the alleged odors.

“The dismissal indicates the plaintiff was not prepared or able to prove the
allegations in the complaint. We believe we have solved any issue that was
attendant to our early operations and we have taken every effort to operate as a
valued member of the community, providing jobs and recycling food waste. We look
forward to increasing production of our organic fertilizers in the Woodbridge
plant.” said Edward J. Gildea, President of Converted Organics.

About Converted Organics Inc.

Converted Organics (NASDAQ:COIN, www.convertedorganics.com), based in Boston,
MA, is dedicated to producing high-quality, all-natural, organic soil amendment
and fertilizer products through food waste recycling. The Company uses its
proprietary High Temperature Liquid Composting (HTLC) system, a proven,
state-of-the-art microbial digestion technology, to process various
biodegradable food wastes into dry pellet and liquid concentrate organic
fertilizers that help grow healthier food and improve environmental quality.
Converted Organics sells and distributes its environmentally-friendly fertilizer
products in the retail, professional turf management, and agribusiness markets.

This press release contains forward-looking statements that are subject to risks
and uncertainties. These forward-looking statements include information about
possible or assumed future results of our business, financial condition,
liquidity, results of operations, plans and objectives. In some cases, you may
identify forward-looking statements by words such as “may,” “should,” “plan,”
“intend,” “potential,” “continue,” “believe,” “expect,” “predict,” “anticipate”
and “estimate,” the negative of these words or other comparable words. These
statements are only predictions. One should not place undue reliance on these
forward-looking statements. The forward-looking statements are qualified by
their terms and/or important factors, many of which are outside the Company’s
control, involve a number of risks, uncertainties and other factors that could
cause actual results and events to differ materially from the statements made.
The forward-looking statements are based on the Company’s beliefs, assumptions
and expectations of our future performance, taking into account information
currently available to the Company. These beliefs, assumptions and expectations
can change as a result of many possible events or factors, including those
events and factors, not all of which are known to the company, described most
recently in the “Risk Factors” section in the Company’s most recently filed
annual report on Form 10-K. Neither the Company nor any other person assumes
responsibility for the accuracy or completeness of these statements. The Company
will update the information in this press release only to the extent required
under applicable securities laws. If a change occurs, the company’s business,
financial condition, liquidity and results of operations may vary materially
from those expressed in the aforementioned forward-looking statements.

COIN-G

Converted Organics Inc.
Investor Contact:
Jim Blackman, 713-256-0369
PR Financial Marketing
jim@prfmonline.com
or
Public Relations Contact:
Kaitlyn Siner, 617-624-0111
ksiner@convertedorganics.com

Copyright Business Wire 2010

Oprah settles defamation lawsuit

Oprah Winfrey has agreed to settle a lawsuit in which she had been accused of defamation by the former headmistress of her South African school for girls.

A statement issued by lawyers for the two women said they had resolved the dispute “peacefully to their mutual satisfaction”.

Lerato Nomvuyo Mzamane claimed in a 2008 suit that Winfrey had damaged her personal and professional reputation in two statements made in 2007.

In the statements, Winfrey suggested Ms Mzamane had failed to deal adequately with allegations at the school that students were being abused by a member of staff.

The Oprah Winfrey Leadership Academy for Girls was opened in a town south of Johannesburg in January 2007.

A trial over the defamation case was scheduled to begin on March 29 in Philadelphia.

Court documents containing hundreds of pages of claims and counter-claims were filed by both sides.

But today’s seven-line statement said both women had withdrawn their allegations.

“Ms Winfrey testified in her deposition that she did not intend the implications placed on her words by the plaintiff,” the statement said.

“Ms Mzamane testified in her deposition that she has no evidence that Ms Winfrey knowingly made a false statement about her or entertained serious doubt about what she said.”

Winfrey has spent $US40 million on the academically selective school in South Africa.

It is designed to provide high-quality education to top-performing students from poor families.

- Reuters

Oprah to stand trial in defamation case

Whenever the press cover Oprah Winfrey litigation it is usually with an air of dismissiveness. She is a billionaire media personality and can hire the best lawyers. Who is going to beat her in court?

Larato Mzamane, former headmistress of Winfrey’s South Africa-based Leadership Academy of Girls, might have a better-than-usual chance.

A jury will soon determine whether the talk show queen defamed Mzamane.

In 2007, a group of students at Winfrey’s school accused dorm parents of sexual abuse.

Winfrey was intimately involved with the school and met with Mzamane, who was soon put on administrative leave pending an investigation.

At the time, Winfrey released a public statement saying that “nothing is more serious or devastating to me than an allegation of misconduct by an adult against any girl at the academy. I will do everything in my power to ensure their safety and wellbeing.”

Later, Winfrey said she had “lost confidence in [Mzamane's] ability to run this school. And therefore, she will not be returning to this school.”

Mzamane sued for defamation, false light and infliction of emotional distress.

Winfrey sought to have these claims dismissed on summary judgment.

But on Monday (US time) in a 126-page decision, a Pennsylvania district court allowed the defamation and false light claims to go to trial, ruling there’s “sufficient evidence in the record to satisfy the clear and convincing evidence standard for actual malice.”

Being associated with Winfrey has pluses and minuses, legally speaking.

On one hand, the judge found Mzamane to be a limited public figure largely on the basis of her involvement with Winfrey, which means a much higher burden for proving a defamation claim.

On the other, the judge seemed to acknowledge the extraordinary power that Winfrey yields over the minds of the public.

“The criticism of plaintiff’s job performance emanating from Winfrey, when received by the average listener, implies the existence of some undisclosed facts since it is reasonable to presume that Winfrey, as plaintiff’s superior, would be knowledgeable as to the substance of plaintiff’s job performance.”

Winfrey’s lawyers tried to present her statements as opinion, but the judge said that without extreme discretion, she was being reckless.

- Reuters

JLo’s ex-dog ‘sued’ for biting woman’s breast!

New York, Mar 17 (ANI): A German shepherd that had once belonged to Jennifer Lopez and Marc Anthony has allegedly attacked a fifth victim, biting her on the breast and hand.

The dog, whose full name is Floyd vom Meierhoff, had earlier brought about a lawsuit against Lopez and Anthony after he allegedly attacked a fight attendant, a housekeeper and an assistant.

Floyd, who is currently owned by “West Wing” actress NiCole Robinson and husband Craig Snyder, has been accused of attacking a woman working for them.

The incident had taken place last June at the couple’s upper East Side home.

“Plaintiff was severely traumatized by the attack, and remains in fear of all large dogs,” the New York Daily News quoted the suit that will be filed on March 17 in Manhattan Supreme Court, as stating.

Mary Bahl’s claims surfaced five weeks after the couple’s babysitter sued, saying Floyd dug into her side with his teeth in January.

The latest suit says Bahl suffered “injury in body and mind” from her encounter with Floyd, which has left her with hefty medical bills.

“The defendants … knew or should have known of the aforesaid incidents involving Floyd,” the suit added. (ANI)

Bushfire compo case ‘complex and unpredictable’

“This area of the law, the tort or negligence liability of public bodies is actually quite complex and unpredictable.

“Some people would say it is even unprincipled but I think that goes a bit far.”

That is barrister Barbara McDonald’s assessment of the 2003 Canberra bushfires compensation hearing underway in the ACT Supreme Court.

More than 120 bushfire victims are seeking about $75 million in damages from the ACT and New South Wales governments.

Barbara McDonald is a Professor of Law at the University of Sydney and is widely regarded as an expert in Australian negligence law.

The hearing will determine whether the ACT or NSW authorities are liable for damages.

Professor McDonald says there are three key legal issues facing the plaintiffs and the two governments.

“Firstly, is there a duty of care in law to the individuals concerned?” she said.

“Secondly, was that legal duty of care breached?

“Were the fire authorities actually negligent in the circumstances?”

Professor McDonald says both questions are complicated because public bodies often have multiple responsibilities.

“Another aspect is that courts are very reluctant to review policy decisions of public bodies. There is a divide between what are called policy decisions and operational activities,” she said.

“The third issue is whether or not there are some special defences under local legislation which gives public bodies a good faith defence if they behave in a certain way,”

Vulnerability

Professor McDonald says vulnerability has become a key issue in negligence cases, including the current Canberra hearing.

“Were the plaintiffs vulnerable and couldn’t look after themselves? Were they very dependant on the defendant taking care?” she said.

She says these issues are crucial to bushfires plaintiff Wayne West’s case.

Mr West’s affidavit to the hearing described how helicopters used by NSW fire authorities took water from a dam on his property to fight fires elsewhere.

“The landowners own water stocks were appropriated by the fire service for everybody, but that of course made the individuals more vulnerable and less able to look after themselves and more dependant,” said Professor McDonald.

Uphill battle

Professor McDonald says the hearing will have major implications for Australian negligence law.

“If the plaintiffs win it will be an important example of a case where plaintiffs have succeeded against a public body,” she said.

Such wins are not common in liability cases domestically and internationally.

“It’s an uphill battle to bring a negligence case against any sort of public body,” Professor McDonald said.

“If the plaintiffs lose, it will reinforce the difficulty and reinforce the fact that it is very difficult to succeed,” she adds.

Professor McDonald says the case could encourage victims of Victoria’s Black Saturday bushfires to pursue legal action.

“A decision that one fire service was negligent is no precedent as to whether or not another fire service is negligent in different circumstances,” she said.

“But success in one place will greatly encourage others,” she adds.

Issues and recommendations

Professor McDonald says the case raises important philosophical and social issues for law and the public.

“Whether public bodies like a fire service should be treated differently from private citizens?” she says as an example.

“Whether the public interest in letting them get on with the job for the future should take priority over paying damages to individuals?”

Professor McDonald says once the case concludes recommendations will probably be made to other public bodies.

She says the recommendations are likely to include how they could avoid repeat cases.

“Negligence claims can have a regulatory effect on the way public bodies deal with the public in the future and deal with their resources,” she said.

“It is unlikely the court will get into reviewing policy decisions.

Hearing continues

Meanwhile, scores of plaintiffs and more than a dozen expert witnesses will continue to give evidence to the hearing over the next 10 weeks.

ACT Chief Justice Terence Higgins is then expected to reserve his judgment until later this year.

HINDRAF leader ‘used millions for personal use’

Kuala Lumpur, Aug.21 (ANI): HINDRAF activist V. Ganabatirau has accused the outlawed movement’s leader P. Waythamoorthy of using millions of ringgit (Malaysian currency) collected from the people for personal use while in self-imposed exile in London.

According to a Tamil Nesan report, Ganabatirau claimed the funds collected by the movement for the five HINDRAF leaders who were detained under the Internal Security Act (ISA) from December 2007 never reached them or their families.

He said that initially, the funds were collected by highlighting the sufferings of the detained leaders and later by focusing on the sufferings of the family members detained.

He said the funds were meant for a civil suit that was to be filed against the British government within three months.

He said he met HINDRAF lawyer P. Uthayakumar in December 2006 and had actively organised forums and demonstrations together with another HINDRAF detainee K. Vasanthakumar on temple demolitions from January to April 2007.

He said the application for permission to hold the Nov 25, 2007, rally to hand over the memorandum to the British government was organised by him and

Vasanthakumar, adding that Waythamoorthy contributed nothing to the movement, except being named plaintiff in the suit. (ANI)

Coughlin Stoia Geller Rudman and Robbins LLP Files Class Action Suit Against Coach, Inc.

SAN DIEGO–(Business Wire)–
Coughlin Stoia Geller Rudman and Robbins LLP (“Coughlin Stoia”)
(http://www.csgrr.com/cases/coach/) today announced that a class action has been
commenced in the United States District Court for the Southern District of New
York on behalf of purchasers of Coach, Inc. (“Coach”) (NYSE:COH) publicly traded
securities during the period between January 23, 2007 and October 22, 2007 (the
“Class Period”).

If you wish to serve as lead plaintiff, you must move the Court no later than 60
days from today. If you wish to discuss this action or have any questions
concerning this notice or your rights or interests, please contact plaintiff`s
counsel, Darren Robbins of Coughlin Stoia at 800-449-4900 or 619-231-1058, or
via e-mail at djr@csgrr.com. If you are a member of this class, you can view a
copy of the complaint as filed or join this class action online at
http://www.csgrr.com/cases/coach/. Any member of the putative class may move the
Court to serve as lead plaintiff through counsel of their choice, or may choose
to do nothing and remain an absent class member.

The complaint charges Coach and certain of its officers and directors with
violations of the Securities Exchange Act of 1934. Coach engages in the design
and marketing of accessories and gifts for men and women in the United States
and internationally.

The complaint alleges that during the Class Period, defendants reported strong
growth for the Company and forecast similar growth going forward. However,
defendants failed to disclose that the Company`s growth rate was, in fact,
unsustainable. Then, on October 23, 2007, before the market opened, Coach
announced that although its fiscal first-quarter profit rose 23%, traffic in its
U.S. retail stores was weak and the Company expected a slow-down in the coming
holiday season. As a result of this announcement, Coach`s stock price dropped
$4.87 per share (or 12%) to close at $36.60 per share on October 23, 2007.

Plaintiff seeks to recover damages on behalf of all purchasers of Coach publicly
traded securities during the Class Period (the “Class”). The plaintiff is
represented by Coughlin Stoia, which has expertise in prosecuting investor class
actions and extensive experience in actions involving financial fraud.

Coughlin Stoia, a 190-lawyer firm with offices in San Diego, San Francisco, Los
Angeles, New York, Boca Raton, Washington, D.C., Philadelphia and Atlanta, is
active in major litigations pending in federal and state courts throughout the
United States and has taken a leading role in many important actions on behalf
of defrauded investors, consumers, and companies, as well as victims of human
rights violations. The Coughlin Stoia Web site (http://www.csgrr.com) has more
information about the firm.

Coughlin Stoia Geller Rudman and Robbins LLP
Darren Robbins, 800-449-4900 or 619-231-1058
djr@csgrr.com

Copyright Business Wire 2009

Varun gets bail, stays in jail

VARUN GANDHI, BJP’s Pilibhit candidate, was granted bail in the hate speech and another case, on Monday, but remained in jail as he has also been booked under the stringent National Security Act (NSA). Chief Judicial Magistrate (CJM) Bipin Kumar granted bail to Varun in two cases – vitiating atmosphere by giving provocative speeches, and violation of People Representation Act and prohibitory order.

The CJM asked Varun to file two sureties of Rs 20,000 each and a personal bond of the same amount. But the BJP leader didn’t do so as he couldn’t have walked free in wake of his detention under the NSA. The court also sent Varun in judicial custody till April 13.

Talking to HT, Varun’s lawyer Samarjeet, who uses only one name, said, “He would continue to be lodged in the district jail.” The BJP leader would move the Allahabad High Court against the invoking of NSA against him, PTI quoted another of his lawyers, Ajay Kumar Saxena, as saying.

Though Varun did not appear in the court in person, it was a day of high drama. Security was tight and a large number of policemen were deployed at all sensitive points in the city to check the entry of Varun’s supporters.

They had gone on rampage and had fought pitched battles with the police when Varun was arrested on Saturday. When the bail plea came up for hearing at around 1 p.

m., it wasn’t clear if Varun would appear in person.

Senior prosecution officer R.P. Srivastava said an application was moved by the district administration, saying it wasn’t in a position to produce Varun in the court as it didn’t have enough force to control the crowd. But Varun’s lawyers insisted that he be produced in the court.

According to sources, the judge rejected a suggestion of the administration to hold the court within the jail premises. Upset over the restrictions over the entry of Varun, lawyers took out a protest march and registered protest with the judge.

On judge’s orders, the court’s gate was opened for the plaintiff, but Varun didn’t turn up. The bail order was passed in his absence.

Jolie fan sues charity for bogus ‘Meet Star’ bid

Washington, Mar 25 (ANI): American actress Angelina Jolie has landed in the middle of a lawsuit after a fan sued a children’s charity he claims used the star’s name for a bid.

As per TMZ.com, the man said he bid 30,000 dollars for a meeting with Jolie, but it never took place, reports Contactmusic.

The unnamed plaintiff has filed suit against executives at the Lili Claire Foundation.

In it he claiming they failed to honour a 2007 deal to set up a meet-and-greet with the Wanted star after he nailed the winning bid for the celebrity auction item.

He is suing for the return of his cash, in addition to damages. (ANI)

Malaysian court allows Muslim convert to revert to Buddhism

George town, Mar 17 (ANI): A Malaysian Islamic Court has upheld an earlier order made by the High Court here to allow a Muslim convert, Siti Fatimah Abdullah, to revert to Buddhism.

A three-member panel who presided over the case found that the respondent did not practise Islam from the start of her conversion, which began after she took an oath of allegiance and recited holy words in Arabic.

After hearing arguments from the plaintiff, which is the state Islamic Religious Council, and the respondent’s lawyer Ahmad Jailani Abdul Ghani, Justice Ibrahim Lembut said it was proven beyond reasonable doubt that Fatimah whose birth name is Ean Huang did not practice Islam and had not embraced the religion sincerely.

“Islam was sacred so its followers must adopt its teachings faithfully. We cannot impose its teachings on non-believers nor force people to embrace Islam,” he added.

The judges took into account two main aspects before making a decision on the appeal by the ouncil to set aside the state Syariah High Court’s decision.

Fatimah who is a hawker, testified that she converted to Islam in July 1998 for the sake of marrying an Iranian named Ferdoun Ashanian. He left her a few months into the marriage.

Consequently, Fatimah maintained her Buddhist leanings.

Malaysia has a dual court system with civil courts for non-Muslims and Shariah courts for Muslims. In interfaith disputes involving Islam, the Shariah courts typically get the last word, which has upset non-Muslims who fear they cannot get justice in such courts, The Star reports. (ANI)

Apple faces lawsuit over ‘explosive’ iPod

London, March 14 (ANI): Apple has landed in legal trouble after a mother alleged her son endured second-degree burns when the company’s iPod touch music players exploded in his pocket.

Lynette Antrobus, from Cincinnati, is claiming 75,000 dollars plus punitive damage after accusing the multinational corporation of “gross negligence and recklessness” and of behaving “maliciously and fraudulently”.

Legal papers, filed with Ohio Southern District Court, said that while at school on December 4 last year, the child heard an “unexpected pop” from the gadget, that was switched off, then a “burning sensation” followed by the realisation that his “pants” were on fire.

“Plaintiff A.V immediately ran to the bathroom and took off his burning pants with the assistance of a friend,” the Telegraph quoted the document as saying.

“[The iPod touch] had burned through Plaintiff A.V’s pants pocket and melted through his nylon/spandex underwear, burning his leg,” it was added.

While Apple is yet to issue a statement regarding the case, the device’s battery is thought to have caused the alleged explosion.

The consumer electronic and software giant had in 2008 paid an undisclosed amount to a man after he suffered burns when his Mac laptop battery caught fire. (ANI)

Malaysia allows Herald magazine to use Allah in its publications only for Christians

Kuala Lumpur, Feb 27 (ANI): The word Allah can be used by the Catholic Herald magazine in Malaysia provided the publication clearly states the word is “For Christians only” in its masthead.

Herald editor Father Lawrence Andrew said this was stated in the recently gazetted Internal Security Act signed by the Home Minister Syed Hamid Albar on February 16.

“The next edition of the Herald will contain the word Allah, and we will print the words “For Christians only” on the masthead so as not to contravene the Act,” The Star quoted him, as saying.

It is learnt the Act also forbids the use of the words Kaabah, solat and baitullah.

Meanwhile, the Home Ministry’s Quran Publication Control and Text Division secretary Che Din Yusoh confirmed the content of the gazetted Act.

The High Court will today hear the mention of the case about the use of the word Allah in the Herald.

The Archbishop of Kuala Lumpur, who is the plaintiff, had applied for a judicial review of a Home Ministry directive last year forbidding the Herald publisher from using the word Allah as a synonym for “God.”

On Dec 5, the publisher filed a writ of summons in the Kuala Lumpur High Court to seek a declaration on the use of the word. (ANI)

Jacko sued by ‘Thriller’ director over half of video profits

London, Jan 29 (ANI): King of Pop Michael Jackson has been sued by John Landis, the original director of the classic video ‘Thriller’, for not sharing the profits from the 1980s pop video.

Landis filed the suit in a Los Angeles court last week and accused Jackson of fraudulent, malicious and oppressive conduct because he has not been paid profits made from the video in the past four years.

The writ follows last year’s release of Thriller 25 to mark the quarter-century celebration of the groundbreaking music video, reports the Daily Express.

It also comes after news broke that a Broadway musical is planned based on the 14-minute pop promo.

Landis’ lawyers accuse Jackson and the defunct production firm Optimum of failing to provide accounts for recent profits made from the marketing of Thriller and the accompanying ‘making of’ documentary.

They claim that Landis is legally entitled to 50 percent of the profits.

The writ states: “After a spectacular theatrical premier, the Thriller Video became a worldwide mega-hit and an iconic pop culture phenomenon that has continued to generate profits for defendants Optimum Productions and Michael Jackson, who have wrongfully refused to pay or account for such profits to the plaintiff.” (ANI)

Pomerantz Law Firm files class action lawsuit against Satyam Computer Services Ltd.

New York, Jan 15 (ANI/Business Wire India): Pomerantz Haudek Block Grossman and Gross LLP has filed a class action lawsuit in the United States District Court, Southern District of New York, against Satyam Computer Services Limited and certain officers of the Company.

The class action, (Case No. 09-CV-00337) was filed on behalf of purchasers of the American Depository Receipts (“ADRs”) of Satyam between January 6, 2004 through January 6, 2009, inclusive (the “Class Period”). The Complaint alleges violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (15 U.S.C. Sections 78j(b) and 78t(a)) and Rule 10b-5 promulgated thereunder.

In addition to Satyam, the complaint names as defendants the admitted ringleader of this fraud, former Chairman B. Ramalinga Raju; his brother, B. Rama Raju, the Company’s former Managing Director and CEO; and the former Chief Financial Officer, Srinivas Vadlamani. All of these individuals have been arrested by the Indian authorities for their complicity in this fraud.

The complaint alleges a multi-year massive fraud by these defendants, which has been admitted to by defendant Raju, in which these individuals cooked Satyam’s books by, among other things, concocting $1 billion of cash that didn’t exist, and overstating revenues and profits.

The egregiousness of the fraud is evident from Raju’s admissions in a letter to the Satyam board. Raju admitted that for the second quarter 1998 alone, Satyam reported $555 million in revenues when the actual number was $434 million; $136 million in profit when the correct number was only $12.5 million; and a reported hefty $1.1 billion in available cash, when it had a mere $66 million.

Raju acknowledged that the fraudulent scheme “simply reached unmanageable proportions,” which he likened to “riding a tiger, not knowing how to get off without being eaten.”

The complaint further alleges that disclosure of this stunning fraud materially impacted the price of the Company’s ADRs. Indeed, trading in the Company’s ADRs was briefly halted after the fraud was revealed, and the ADRs are now currently trading between $1 and $2, a precipitous drop from the Company’s 52-week high of $29.84.

If you purchased or acquired the ADRs of Satyam during the Class Period, you have until March 9, 2009 to ask the Court to appoint you as lead plaintiff for the class. Lead plaintiffs must meet certain legal requirements. Shareholders outside the United States may join the action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Shaheen Rushd (srushd@pomlaw.com) of the Pomerantz Firm at 888.476.6529 (or 888.4-POMLAW), toll free.

Those who inquire by e-mail are encouraged to include their mailing address and telephone number.

The Pomerantz Firm, which has offices in New York, Chicago, Washington, D.C., Columbus, Ohio and the San Francisco Bay area, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions.

Today, more than 70 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered hundreds of millions of dollars on behalf of class members. (ANI)

Bangladesh leader Hasina cleared of graft charge

Bangladesh leader Hasina cleared of graft chargeDhaka – Police on Monday cleared Bangladesh’s prime minister-in-waiting Sheikh Hasina Wazed of an extortion charge brought by a businessman eight months ago, officials said.

Police said investigators found no evidence that Hasina, the head of the Awami League, extorted 440,000 dollars from businessman Tazul Islam Faruk, who lodged the case with police in April.

“We submitted a report detailing the investigation to the court for its consideration,” said a police inspector of Tejgaon police station.

A week before the December 29 general elections, plaintiff Faruk appealed to the police station where he lodged the case requesting withdrawal of the charges against the former premier.

“The case was filed under certain circumstances as a result of misunderstanding, and now I want to lift the case,” appealed Tajul, the chairman of electricity company Westmont Power Ltd.

Hasina was accused in five graft cases after the military-backed government of Fakhruddin Ahmed took over on January 11, 2007, against the backdrop of serious political violence.

She was also detained in prison for almost a year until June 11, 2008.

Two more extortion charges brought also by businessmen against Hasina were dropped by the plaintiffs prior to the elections, in which her Awami League party own a landslide victory. Proceedings of the other cases were stayed by the higher courts.

Hasina is scheduled to take over as Bangladesh’s next prime minister Tuesday evening. (dpa)