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Fraud lawsuit survives over Goldman's Abacus CDO

Goldman Sachs Group Inc must defend fraud claims brought by a bond insurance company over its notorious Abacus mortgage product deal, a New York state judge ruled, but she decided that the investment bank did not unjustly enrich itself.

Deion Sanders’ Wife Pilar Arrested Following Charges Of Domestic Abuse

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Deion Sanders estranged wife, Pilar Sanders, was arrested on Monday night on charges of domestic violence against her husband, CNN reported. This news followed a series of tweets from Sander's verified Twitter account posted Monday evening suggesting that he would be pressing charges against his wife.
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Bobby Petrino And Jessica Dorrell: Over 7,000 Texts Sent, How Long  Were They Hiding The Affair? New Notes Emerge

Bobby Petrino And Jessica Dorrell: Over 7,000 Texts Sent, How Long Were They Hiding The Affair? New Notes Emerge

Bobby Petrino, the former University of Arkansas football coach, was recently fired after it was discovered that he participated in a long-time relationship with his assistant Jessica Dorrell. Documents released on April 19th reveal that this secret interaction had been going on for more than a year, with Petrino sending Dorrell candy, referring to her as a “close friend,” and insinuating that the affair began with a kiss over lunch last fall.
McDonald's

McDonald's 1Q Profits Jump Despite Euro Zone Woes

McDonald's Corp. met analysts' expectations in first-quarter revenue and profit growth, as economic troubles in Europe did not to put a dent in the world's largest restaurant chain's balance sheet, the company reported on Friday.
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Judge narrows Lehman $8.6 billion lawsuit vs. JPMorgan

A federal judge has narrowed Lehman Brothers Holdings Inc's $8.6 billion lawsuit against JPMorgan Chase & Co , potentially reducing how much creditors of what was once the fourth-largest U.S. investment bank may ultimately recover.

Sprint Sued By New York For $300 Million; Service Provider Denies Tax Fraud

Sprint Nextel Corp., which is the third-biggest mobile service provider in the U.S., has been sued by the state of New York for allegedly not collecting or paying millions of dollars in taxes. Though Sprint denies these accusations, the company stands to pay more than $300 million if the claims are proven true.
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Judge dismisses claims against banks in GE lawsuit

A federal judge on Wednesday dismissed claims against Goldman Sachs Group Inc , JPMorgan Chase & Co and 40 other defendants that they helped mislead investors in General Electric Co's $12.2 billion stock offering in 2008.
Johnny Depp

Johnny Depp Sued By A Disabled Woman Over Injury At Concert

A 52-year old U.C Irvine assistant medical school professor is claiming that Johnny Depp's bodyguards injured her at an Iggy and the Stooges performance at the Hollywood Palladium last December. The woman, who walks with a cane and is identified in the lawsuit papers as Jane Doe, alleges that the bodyguards violently restrained her while trying to restrict her from accessing the VIP section, reported Los Angeles Times.

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