"US media company Paramount Global has agreed to pay $16 million (£13.5m) to settle a legal dispute with US President Donald Trump regarding an interview it broadcast on CBS with former Vice President Kamala Harris.
"Trump filed a lawsuit last October, alleging the network had deceptively edited an interview that aired on its 60 Minutes news programme with his presidential election rival Kamala Harris, to "tip the scales in favour of the Democratic party"."
This settlement goes to the Trump Presidential Library so Trump gets nothing personally. I suspect CBS' internal emails revealed a lot that would have hurt them at trial.
Back in the '90s, California lawyer William Lerach turned discovery into a protection racket. He would buy one share in each of a lot of volatile corporations (to be owned by his secretary). When the company's stock took a significant hit for any reason, he would file a class-action suit against the management (with his secretary as the required class member). Next, he would issue a massive discovery demand that would cost the target millions to satisfy. Then he would offer to settle the suit for a few hundred thousand (of which he would receive 25% as the attorney in the case). The rest would be "distributed to members of the class"; but as this usually was less than a penny a share, none would bother to collect.
ReplyDeleteHe was so successful at this racket that he became the leading Democrat donor in California. But he annoyed enough targets that Congress amended securities law to shut him down. It was one of only two laws Congress passed over Clinton's veto.
Yes. One of the last posts to my old blog after the ambulance chasers stopped me for a while was about his disbarment.
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