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The settlement seems like a ray of hope amid the gloom of recent subprime class action dismissals. But there are reasons the $30 million deal doesn't signal the beginning of a settlement trend.
After the magazine distributor Anderson News went into liquidation last year, its biggest remaining asset was antitrust claims against the publishers and wholesalers it blamed for its failure. But alas for Anderson, a Manhattan federal judge didn't think those claims were worth much at all.
These are dire days in the business of distributing magazines to newsstands. First Source Interlink and now Anderson News have alleged a conspiracy on the part of magazine publishers to drive them out of business. And both have called on Kasowitz, Benson, Torres & Friedman for rescue.
Kasowitz, Benson, Torres & Friedman won a TRO on behalf of the magazine publisher and distributor Source Interlink, which accuses its rivals of a conspiracy to run it out of business by, among other things, cutting off its supply of magazines. The order requires major magazine publishers and disrtibutors to supply Source with their titles, like People, Sports Illustrated, and Time, on the same terms before they cut Source off in February.
Cold-Calling DJs May Keep Dialing for Now
Live prank phone calls have long been a staple of morning radio shows. But two prerecorded telemarketing calls from Atlanta radio personalities raised enough hackles to make it all the way to the Georgia Court of Appeals. The court ruled that because the calls were made to people with a business relationship to the station, they didn't violate the federal Telephone Consumer Protection Act.Slick Tactics Mark Texas Pipeline Battle
A battle over federal approval for a Texas oil pipeline has been as twisted as a Lone Star cyclone. The Navajo Refining Co., previously fined almost $2 million for its environmental transgressions, has teamed with greens to spout the virtues of federal environmental laws to sue a competitor, Longhorn Partners Pipeline.Creating a Culture of Compliance
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