Latest news with #legalDispute
Yahoo
27-06-2025
- Business
- Yahoo
Why Light & Wonder Stock Blasted 10% Higher Today
The company had a good day in court. It's being sued by a peer who's alleging intellectual property misappropriation. 10 stocks we like better than Light & Wonder › Gaming technology stock Light & Wonder (NASDAQ: LNW) -- formerly known as Scientific Games -- proved to be quite the solid bet on Wednesday. On some very positive news in the legal sphere, investors piled into the company's shares, pumping them more than 10% higher in price. That looked especially good when compared to the S&P 500's (SNPINDEX: ^GSPC) flatline performance. Light & Wonder is currently locked in a legal dispute with peer company Aristocrat Leisure. Aristocrat is accusing it of copying elements from one of its casino slot games in the design of Light & Wonder's Dragon Train game. On Wednesday, the Nevada court in which the case is being heard made a ruling on discovery that favors Light & Wonder. It ruled that the company will not have to reveal its math models on the slot games in question. In addition, the court asked for specificity from Aristocrat regarding the trade secrets it's litigating to protect. Aristocrat, which is headquartered in Australia, brought its case against the American company in 2024. At the time, it stated in a press release that it "will seek all appropriate remedies to address the harm caused by Light & Wonder's actions." Light & Wonder had, understandably, been fairly quiet about the case. Perhaps it'll speak up more now that it seems to be tilting in its favor. Having said that, I wouldn't be ready to break out the champagne if I were a shareholder, at least not yet. Court cases can develop and resolve in unexpected ways, and Light & Wonder isn't out of the woods. I don't think anyone should buy or sell the company's stock based on predictions of the lawsuit's outcome. Before you buy stock in Light & Wonder, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Light & Wonder wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $689,813!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $906,556!* Now, it's worth noting Stock Advisor's total average return is 809% — a market-crushing outperformance compared to 175% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 23, 2025 Eric Volkman has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Light & Wonder. The Motley Fool has a disclosure policy. Why Light & Wonder Stock Blasted 10% Higher Today was originally published by The Motley Fool
CNA
26-06-2025
- Business
- CNA
Chinatown Business Association sues Nanyang Old Coffee for over S$77,000 in backdated rent for outdoor area
SINGAPORE: The Chinatown Business Association is seeking more than S$77,700 (US$61,000) in backdated rent from Nanyang Old Coffee over its use of an outdoor dining area. The space in question is a sheltered walkway outside Nanyang Old Coffee's flagship outlet, located at the intersection of Smith Street and South Bridge Road. The cafe has set up tables and chairs for its customers in this area, which is now at the centre of a legal dispute. According to a lawyer's letter seen by CNA, the Chinatown Business Association is claiming S$77,724.18 in rent, backdated to Oct 1, 2024, with a monthly rate of S$8,636.02. The association, a non-profit entity comprising business and community representatives, won the tender to manage the Smith Street shophouses in 2024. In a statement, the Chinatown Business Association said it first engaged Nanyang Old Coffee in October 2024 after taking over management of the area. "Unfortunately, our repeated attempts to reach out and follow up were consistently ignored," it said. "Despite multiple attempts to resolve the matter amicably, including a formal letter requesting the removal of furniture and potted plants from the outdoor dining area, the unauthorised use of the space has continued, even so, as of Jun 22. "As such, the Chinatown Business Association has had to take the necessary steps to address this issue," it added. The association said it had offered to sublet the space to Nanyang Old Coffee founder and manager Lim Eng Lam, but the offer was not taken up. It said it followed up with Mr Lim three more times in February and March 2025 "but these attempts were ignored". The association added that it was not restricting the cafe's business operations, nor compelling it to become a tenant. However, it stated that rent is required for the use of the space, as was "required of all other tenants". Mr Lim confirmed that the association had been in touch with him over the issue since October last year. He told CNA he disagreed with the rental demand and had sought clarification from the authorities regarding the rent issue. Chinatown Business Association said any proceeds from the lawsuit would be donated. A case conference between both parties was held at the State Courts on Thursday (Jun 26), where both parties were to discuss the matter.
BBC News
16-05-2025
- Business
- BBC News
Allington Lane garden centre fears over Southern Water works
A garden nursery owner has said he could be forced to close because of the impact of sewer works on a nearby housing Goodridge said work by Southern Water for the One Horton Heath project in Fair Oak, near Eastleigh, resulted in flooding in believes roadworks near the entrance to his business also put off potential customers, which led to a legal dispute with the water firm.A Southern Water spokesperson said they had been in "regular contact" with Mr Goodridge and had made a goodwill payment. Mr Goodridge's business is based in Allington Lane, just down the road from the One Horton Heath development, where 2,500 homes and a school need connecting to sewers. Works were ongoing through Decemeber and the Allington Lane Nursery owner claims Southern Water caused flooding by blocking gullies with pipes. Mr Goodridge said this flooding damaged his stocks of garden furniture, fireworks and fertiliser. The water firm has recently completed urgent gas works in the road, during which time there was a legal dispute over access to Mr Goodridge's land."Our savings have all gone into this now, because we've had to put the money in," he explained."There is an element of risk that it could not survive. I feel like, what's the point in coming down in the mornings, what's the point in getting up early? "You're just fighting a brick wall, if it carries on like this we're going to be dumping tens of thousands of plants." A Southern Water spokesperson said the firm understood work "can be disruptive to customers" and a member of the team would be meeting with Mr Goodridge in the next added: "After lengthy negotiations and following urgent gas works, we began our works on 7 April and completed on 2 May. "We apologise for the extended length of time involved, and made a goodwill payment to Mr Goodridge as a result."Mr Goodridge has denied this statement and said he has not received an interim said he fears the "damage has already been done" and is meeting with his accountant to find out if his business can remain viable. You can follow BBC Hampshire & Isle of Wight on Facebook, X (Twitter), or Instagram.
Zawya
09-05-2025
- Politics
- Zawya
India Supreme Court reverses content takedown order against Wikipedia operator
India's Supreme Court on Friday quashed a lower court ruling ordering online encyclopedia operator Wikimedia Foundation, which runs Wikipedia, to remove a page describing its legal dispute with an Indian news agency. Indian news agency ANI last year sued Wikimedia for defamation in the Delhi High Court over the way a Wikipedia page described the news agency. ANI said in its lawsuit it was being described on its Wikipedia page as an agency facing criticism for being a "propaganda tool" for the government. Wikimedia, which has denied wrongdoing, was ordered by the High Court to take down another page describing the lawsuit. The Supreme Court judges backed a legal challenge by Wikimedia, which had called that takedown order as one which would have a "chilling effect on free speech". The Supreme Court said the takedown order was the result of the high court reacting "disproportionately." "Courts, as a public and open institution, must always remain open to public observations, debates and criticisms," the 37-page Supreme Court order said. ANI in a statement said it welcomes the court's "affirmation of the press's right to report on legal proceedings, while also noting that litigants may seek reporting restrictions in exceptional cases to avoid prejudice." Wikimedia Foundation did not immediately respond to a request for comment on the Friday's verdict. Reuters, which owns a 26% stake in ANI, also did not immediately respond to a request for comment. It has previously said it was not involved in ANI's business practices or operations. (Reporting by Arpan Chaturvedi; Editing by Aditya Kalra and Jane Merriman)
Reuters
09-05-2025
- Politics
- Reuters
India Supreme Court reverses content takedown order against Wikipedia operator
NEW DELHI, May 9 (Reuters) - India's Supreme Court on Friday quashed a lower court ruling ordering online encyclopedia operator Wikimedia Foundation, which runs Wikipedia, to remove a page describing its legal dispute with an Indian news agency. Indian news agency ANI last year sued Wikimedia for defamation in the Delhi High Court over the way a Wikipedia page described the news agency. ANI said in its lawsuit it was being described on its Wikipedia page as an agency facing criticism for being a "propaganda tool" for the government. Wikimedia, which has denied wrongdoing, was ordered by the High Court to take down another page describing the lawsuit. The Supreme Court judges backed a legal challenge by Wikimedia, which had called that takedown order as one which would have a "chilling effect on free speech". The Supreme Court said the takedown order was the result of the high court reacting "disproportionately." "Courts, as a public and open institution, must always remain open to public observations, debates and criticisms," the 37-page Supreme Court order said. ANI in a statement said it welcomes the court's "affirmation of the press's right to report on legal proceedings, while also noting that litigants may seek reporting restrictions in exceptional cases to avoid prejudice." Wikimedia Foundation did not immediately respond to a request for comment on the Friday's verdict. Reuters, which owns a 26% stake in ANI, also did not immediately respond to a request for comment. It has previously said it was not involved in ANI's business practices or operations.
