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Monday, April 27, 2015
Arizona iced tead founders settle buyout dispute Shared from Reuters.com The founders of the privately held producer of AriZona iced tea have reached a settlement resolving a long-running legal feud that had prompted a New York state judge to order the company to pay $1 billion to buy out a co-owner. Domenick Vultaggio, Beverage Marketing USA Inc's managing founder, and estranged partner John Ferolito have reached a deal resolving litigation that called into question the future of the top U.S. producer of ready-to-drink tea, their lawyers said Tuesday. Exact terms were not disclosed. The settlement received preliminary approval on Tuesday from a state court judge in Mineola, New York. "Settlements are always by definition compromises, and comprises are always bittersweet," said Nicholas Gravante, Ferolito's lawyer. "We believe, however, that the settlement preliminarily approved by the court today is in all parties' best interest." The deal came ahead of a non-jury trial over the precise amount and terms of a $1 billion payment due to Ferolito and his son for their 50 percent stake following a judge's ruling in October. Click to continue reading
Teenagers aiming to hold states and agencies accountable for climate change Shared from Forbes.com Oral arguments were heard on Tuesday in a long-running lawsuit brought by two teenagers against the state of Oregon. The teens are seeking to force the state to take more aggressive action on climate change and thereby better protect the planet for future generations. The suit is one of dozens of legal actions and petitions filed in virtually every state, along with federal courts, as part of a campaign spearheaded by the Oregon-based nonprofit Our Children’s Trust. “Our purpose is to protect earth’s natural systems for current and future generations,” the organization declares on its Web site. “We are here to empower and support youth as they stand up for their lawful inheritance: a healthy planet.” Click to continue reading
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Shared from NY Daily News A Brooklyn woman scored a judge’s approval to legally change her relationship status to “single” via Facebook. In a landmark ruling, Manhattan Supreme Court Justice Matthew Cooper is allowing a nurse named Ellanora Baidoo to serve her elusive husband with divorce papers via a Facebook message. Baidoo, 26, “is granted permission serve defendant with the divorce summons using a private message through Facebook,” with her lawyer messaging Victor Sena Blood-Dzraku through her account, Cooper wrote.“This transmittal shall be repeated by plaintiff’s attorney to defendant once a week for three consecutive weeks or until acknowledged” by her hard-to-find hubby. “I think it’s new law, and it’s necessary,” said Baidoo’s lawyer, Andrew Spinnell. Click to continue reading