Arizona Litigation Archives - Page 22 of 40

Legal Questions Linger Past J.D. Hayworth’s KFYI Exit

Arizona Republic: “Former Rep. J.D. Hayworth is off the air in Phoenix, but questions remain about his blurring of the lines between conservative talk-show host and campaigning politician as he appears to make final preparations to plunge into the primary race against Sen. John McCain. Although others have traded jobs as broadcasters for jobs as elected officials, media-law experts interviewed this week struggled to point to another example in which a potential candidate so explicitly used a program to target a political rival and, as now appears likely, launch a political campaign against him.”

Glendale Ends Lawsuit Against Arizona Cardinals Over Ads

Arizona Republic: “Glendale is dropping its lawsuit against the Arizona Cardinals over advertising restrictions and other disagreements on 95th Avenue near University of Phoenix Stadium. The city now must pay the NFL team $213,187 for legal fees incurred during the three-year court battle, with the first installment of $128,765 due immediately. The balance will be paid over 11 months, at about $7,000 per month, according to a settlement between Glendale and the team. The City Council approved the settlement this month.”

ON to Settle Lawsuits Threatening Acquisition of Competitor

Arizona Republic: “ON Semiconductor Corp. plans to settle two shareholder lawsuits that threaten its planned $108 million acquisition of California Micro Devices Corp. The Phoenix-based chip maker on Tuesday entered a “memorandum of understanding” with the plaintiffs of two lawsuits to settle the civil complaints, according to a Wednesday filing with the U.S. Securities and Exchange Commission.”

Newspaper that Won $15.9 Million Judgment Against Phoenix New Times Seeks Payment

Arizona Republic: “A San Francisco alternative newspaper that won a $15.9 million judgment against rival New Times Media is pressing the Phoenix-based owner of weekly newspapers to pay up. The San Francisco Bay Guardian says a court order issued this month puts a lien on New Times Media of Phoenix and the Village Voice newspaper chain. New Times Media and Village Voice Media have ownership interest in 16 publications, including Phoenix New Times, the SF Weekly and New York’s Village Voice.”

Mortgages, Ltd. Fraud Case Ends

Arizona Republic: “The U.S. Securities and Exchange Commission has resolved fraud accusations it brought against an investment arm of failed commercial real-estate financier Mortgages Ltd. The federal agency on Monday announced that Mortgages Ltd. Securities LLC agreed to an order revoking the company’s registration as a securities broker-dealer. The SEC also sought $7.3 million in penalties and prejudgment interest but waived the amount because the investment firm demonstrated a lack of funds to pay.”