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Posts Tagged ‘lawsuits’

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Thomson Reuters Beats Wall Street’s Expectations, Plans to Cut 3,000 Positions (JimRomenesko.com)
Thomson Reuters on Tuesday reported a third-quarter profit of 48 cents per share, beating Wall Street expectations by 4 cents. “Our Financial business achieved positive net sales for the first time in more than two years,” CEO Jim Smith tells employees. He adds in his memo: “We will eliminate approximately 3,000 positions as we continue to reduce product and operational complexity across our company.” WSJ The cuts, equivalent to about 5 percent of Thomson Reuters’ workforce of about 60,000, were disclosed on the same day that the financial data and news firm reported a 38 percent drop in third-quarter earnings, due to weaker revenue. The Guardian The news and information company said most of the jobs would be lost from its financial and risk arm, which sells data terminals and other services to investment banks and brokers. The losses are on top of 1,000 cuts announced earlier this year. Including staff leaving and sales of businesses the company’s workforce will shrink by 5,500, or 9 percent, from the start of the year. The Globe & Mail “I think everybody in the world is trying to do more with less,” Smith said. “I don’t think the pressure on costs and keeping them under control is going to lessen. That said, what I hope is this strategy gives us a more predictable path in the future.”

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Myspace Sued for Giving Away Member Data Without Consent

Bloomberg reports that News Corp.’s Myspace was accused in a lawsuit of giving data to aggregators that associates members’ names with their Internet browsing history, without member’s consent.

“Myspace knowingly serves as and profits handsomely from being a conduit through which details of the most intimate aspects of its members’ lives…are transmitted to data aggregators,” wrote the complaint, filed today in federal court in Brooklyn.

Hmm. We’re not so sure about the “profits handsomely” part. The complaint may be the only document we’ve seen accusing the failing company of doing well at anything.

News Corp. is in talks to hand over control of Myspace to Vevo.com, and it remains to be seen if this lawsuit will affect the transfer. Myspace, we think it’s fair to say, has been having a really, really bad run of things lately.

Thomson Reuters Being Sued for Reprimanding Employee Over Tweets

Be careful when asking your employees to tell you what they really think in a public space.

A supervisor at Thomson Reuters invited employees to post about how to make Reuters the best place to work, the New York Times reports. Deborah Zabarenko, Reuter’s environmental reporter in Washington and the head of the Newspaper Guild, sent the following tweet: “One way to make this the best place to work is to deal honestly with Guild members.”

Well, could be worse, right? But then the next day Zabarenko received a call at home from the bureau chief:

He told me that Reuters had a policy that we were not supposed to say something that would damage the reputation of Reuters News or Thomson Reuters. I felt kind of threatened. I thought it was some kind of intimidation.

Really, really bad move on behalf of Reuters, as Zabarenko was not in fact intimidated, and decided to step forward. Now the National Labor Relations Board is suing Reuters on the grounds that it violated her right to discuss working conditions, and everyone knows about the story, and whether or not there is a cause of action here, Reuters just looks evil.

A Legal Point Of View On The Gawker Sex Tape Lawsuit

gawker media case.jpgThe copyright infringement lawsuit against Gawker Media filed earlier this week by celebrities Eric Dane and Rebecca Gayheart raised a number of legal questions for bloggers and the media. We wanted answers, so we asked Jonathan D. Reichman, a partner at intellectual property law firm Kenyon & Kenyon specializing in copyright law, to weigh in on the merits of the case.

After reading the suit, which Gawker posted online, Reichman said he was surprised Dane and Gayheart went after the media company for copyright infringement instead of other claims, like invasion of privacy or violation of right of publicity, which is a celebrity’s right to control how his likeness is used commercially.

“The unique thing about this case is that Eric and Rebecca are putting all of their eggs in the copyright infringement basket,” Reichman said. “They could have sued for publicity rights or privacy rights. Usually in these cases you see celebrities alleging defamation or liable or slander. I don’t see any of those claims.”

Reichman said that if he were Dane and Gayheart’s attorney, he would have at least added the additional claims for good measure. What Dane and Gayheart’s attorney Martin Singer did do, however, was register their sex tape with the Library of Congress and obtain a copyright. Reichman said that obtaining a copyright is fairly easy and copyright infringement is “an easy claim to assert, on paper.”

But will it hold up in court? And what defenses does Gawker have against it? Reichman explains, and suggests what Gawker’s next steps should be, after the jump.

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