Los Angeles Times:  “Convinced that some employees stole from him, Marciano initiated lawsuits that backfired when a judge instead ordered him to pay the accused employees hundreds of millions of dollars in damages.  Marciano, 62, cannot blame his troubles on a Ponzi scheme or the mortgage meltdown. He is poised to lose an empire worth as much as $500 million because he is convinced that some employees stole from him.  That his own accountants and law enforcement agencies found not a cent missing has not dissuaded Marciano from persisting in what he calls “a crusade” to prove the allegations. It has been thus far a losing battle.”

See also “When Lawsuits Backfire: The Georges Marciano Tale.”

The Wrap:  “A lawyer for the Black Eyed Peas is accusing the hip-hop supergroup’s manager of failing to file income tax returns for its touring operation going back as far as eight years, and says he is only now getting around to doing their basic accounting.  The allegations were filed Monday in Superior Court by the group’s attorney, Helen Yu, as a response to a defamation lawsuit filed against her Nov. 30 by the Peas’ manager, Sean Larkin.”

See also “Black Eyed Peas Business Manager May Face Hot Water.”

Attorney Valerie Cramer may regret her fifteen minutes of fame resulting from a motion she filed for change of venue.  The judge said the motion was “so incredibly asinine, ill-conceived, unfounded and personally and professionally insulting that it is unworthy of any discussion or consideration.  The motion is denied.”  Oops.  I hope the lawyer didn’t charge the client for wasting the court’s time.