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AMC Theatres Settles Shareholder Lawsuit Over Reverse Stock Split Plans

The settlement payment is potentially valued at over $100 million, based on recent share prices for the mega-exhibitor, according to law firms representing…

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AMC Theatres Settles Shareholder Lawsuit Over Reverse Stock Split Plans

AMC Theatres has settled a shareholder lawsuit that threatened a planned reverse stock split arising from a conversion of AMC Preferred Equity Units, or APEs, into common stock. AMC Entertainment Holdings, parent of the mega-exhibitor and led by CEO Adam Aron, in an SEC filing said it entered into an April 2 settlement agreement that […]

As Disney Outmaneuvers DeSantis, Florida Gov. Calls for Investigation Over Special District

Florida Gov. Ron DeSantis is calling for an investigation into an agreement that transferred the powers of Disney’s now-dissolved special district back to the company before the state assumed control of the board. In a letter to state chief inspector general Melinda Miguel, DeSantis says that the deal suffers “serious legal infirmities” and questions whether […]

Guest Column: Is Trump’s Trial Too Hot for TV?

It was the Shot Heard ‘Round the World 3.0, only blocks from the original Polo Grounds where the New York Giants won the 1951 National League pennant with a walk-off home run (and 215 miles from the 1775 Battle of Lexington and Concord). Manhattan District Attorney Alvin Bragg indicted Donald Trump for colluding with Russia shaking down Ukraine attempting […]

Florida Gov. Ron DeSantis’ Board Outmaneuvered in Wrangling Over Disney Special District Control

A legal battle is brewing over an agreement that transferred the powers of Disney’s now-dissolved special district back to the company before Florida Gov. Ron DeSantis assumed control of the board. The 30-year deal includes approval to build another theme park and restrictions that bar the Central Florida Tourism Oversight District’s new board of supervisors […]

‘Rust’ Prosecution Gets New Lawyers as District Attorney Steps Away

New special prosecutors have been appointed to oversee criminal charges in the Rust shooting after the lawyer previously handling the cases was forced to step down. Jason Lewis and Kari Morrissey will serve as the lead lawyers in the prosecution of Alec Baldwin and Rust armorer Hannah Gutierrez-Reed, the Santa Fe District Attorney’s Office announced […]

Disney, Major Studios Get $30M From Illegal Streaming Sites Amid Piracy Crackdown

A coalition of top movie and TV studios have secured a $30 million judgment against the operator of two illegal streaming sites. The studios and defendant Dwayne Johnson (no relation to the actor) agreed to resolve the suit in a deal that includes an injunction barring him from continuing to operate any service that allows […]

Biden’s TikTok Dilemma: Go After China or Pursue Social Media Antitrust Claims

In big tech, data is currency, and TikTok is printing money. Once known for viral dance videos, the platform has built itself into a digital advertising juggernaut. The app has more than 150 million monthly users and 5 million businesses it can harvest information from to sell ads, it disclosed March 21. It’s the leading video-sharing app in […]

TikTok CEO’s Testimony to Congress May End Up Escalating Calls for a Ban

Members of the House Energy and Commerce Committee interrogated the chief executive of TikTok on alleged national security risks posed by the immensely popular video-sharing app, while the CEO stressed that data privacy and security issues are prevalent across all of Big Tech and that the company doesn’t share information with the Chinese government. During […]

Lindsay Lohan, Jake Paul and Soulja Boy Charged in Crypto Scheme

The Securities and Exchange Commission charged eight high-profile celebrities in a crypto scheme tied to Justin Sun and his companies Tron Foundation Limited, BitTorrent Foundation Ltd. and Rainberry Inc. The stars were charged with touting cryptocurrencies associated with Sun’s companies “without disclosing that they were compensated for doing so and the amount of their compensation.” […]

Post Malone Settles ‘Circles’ Copyright Suit in Last-Minute Deal

Post Malone has settled a copyright suit from a musician alleging he co-wrote 2019 hit “Circles” but was denied credit and compensation, according to a court document filed on Tuesday. Terms of the deal weren’t disclosed. The court was informed of the agreement during jury selection. The suit revolved around an August 2018 recording session […]

Why First Amendment Experts Think Fox News Will Settle Its Dominion Dispute

A courtroom showdown between Fox News and Dominion Voting Systems over the network’s coverage of the 2020 election is putting a spotlight on protections for journalists that typically insulate them against defamation claims, including the neutral report privilege and the actual malice standard. Both sides argue their loss would have a devastating impact. Fox News […]

AI-“Assisted” Works Are Now Open to Copyright Protection, Raising Questions for Hollywood

The U.S. Copyright Office has affirmed that most works generated by artificial intelligence are not copyrightable, while clarifying that AI-assisted material qualifies for protection in certain instances. In a statement of policy issued Thursday, the office says it’s “well-established” that copyrights can only be issued to works that are the “product of human creativity” and […]

Madison Square Garden Entertainment’s Board Reaches $85M Deal to Settle Shareholder Suit

Madison Square Garden Entertainment’s board has agreed to settle for $85 million a shareholder suit accusing it of failing to protect stockholders’ interests when it merged with MSG Networks. The deal will be covered by the board’s insurers, according to a securities form filed on Wednesday. There was no admission of wrongdoing. The suit filed […]

Netflix Wins Defamation Suit Over ‘Making a Murderer’

Netflix won’t have to face a defamation suit brought by a retired police officer who said the docuseries Making a Murderer defamed him by accusing him of planting evidence. In a ruling granting summary judgment in favor of Netflix on Friday, Judge Brett Ludwig found that the First Amendment “does not guarantee a public figure” […]

Alec Baldwin Tallies Another Win in Defense as ‘Rust’ Special Prosecutor Steps Down

The special prosecutor overseeing criminal charges in the Rust shooting is stepping down from the case. In a statement, Andrea Reeb said she will no longer assist in the prosecution in light of arguments from Alec Baldwin’s lawyers that it’s “unconstitutional” for her to participate in the case due to her elected position in the […]

Marvel Working to Find ‘Quantumania’ Leaker

Marvel is closing in on the source of a leak of a script from Ant-Man and the Wasp: Quantumania before the movie was released, and it intends to take legal action, a Disney company source tells The Hollywood Reporter. A federal judge in California on Monday issued subpoenas to Reddit and Google directing them to […]