Legal News

The PM Roundup: Howard Stern Sues Radio Station, More

By Ashby Jones

There’s a lot happening on the legal news front Tuesday. Let’s get you up to speed with a quick roundup.

Burned Stern? Radio shock jock Howard Stern sued Sirius XM Radio on Tuesday, alleging that the satellite-radio station failed to pay stock awards promised were Stern to boost the company’s subscriber levels. The suit, filed in New York State Supreme Court, alleges that Stern was entitled to stock grants based on subscriber levels for 2008 and 2009, but that they weren’t paid. Click here for the suit; here for Shira Ovide’s post over at the WSJ’s Deal Journal.

More Evidence Against Raj: Raj Rajaratnam’s insider-trading trial continued on Tuesday, with Raj’s old friend, former Intel executive Rajiv Goel. The men, who had been friends for 25 years, barely looked at each other as Goel testified for the government against Rajaratnam.

Goel testified he gave the Galleon Group founder secret information about Intel because “we were very good friends.” (WSJ)

3M Reaches Discrimination Settlement: 3M has offered to pay up to $12 million to settle a lawsuit that accused the company of discriminating against older workers in performance evaluations, promotions and layoffs.

About 7,000 current and former salaried, nonexecutive employees would be covered under the proposed settlement filed jointly by the company and the plaintiffs Friday in Minnesota District Court. (WSJ)

Ebook Fight Escalates: Microsoft sued Barnes & Noble and the manufacturers of Barnes & Noble’s Nook electronic book device, escalating a series of patent battles over gadgets based on Google’s Android operating system.

In complaints filed Monday in federal court in Seattle and with the International Trade Commission, Microsoft alleged that Barnes & Noble, and two other companies all violate five Microsoft software patents with Nook, an electronic-book reader sold by Barnes & Noble in it stores. (WSJ)

Full post as published by Law Blog - WSJ.com on March 22, 2011 (boomark / email).