Gambaccini wins payout over unfounded abuse claims

Paul Gambaccini has won a payout from prosecutors over an unfounded case regarding historical sex allegations.
Entertainment News – Latest Celebrity & Showbiz News | Sky News

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Eagles OL first NFLer to gain loss-of-value payout

Philadelphia Eagles offensive lineman Chance Warmack will become the first NFL player to collect on a loss-of-value policy.
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Rebel Wilson’s £2.7m defamation payout slashed

Hollywood actress Rebel Wilson’s record Australian defamation payout of $ 4.6m (£2.7m) has been slashed to $ 600,000 (£338,000) on appeal.

Entertainment News – Latest Celebrity & Showbiz News | Sky News

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Magazine uses racy Meghan pics to fight Kate payout

Images of the Duchess of Sussex flipping burgers in hotpants and a crop top will be used as evidence in a court appeal over the Duchess of Cambridge’s topless photo settlement.
Entertainment News – Latest Celebrity & Showbiz News | Sky News

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Uber Lawyer Says Ex-Employee’s Payout Was ‘Extortionist’ Move

Demands by a former Uber Technologies employee, who received $ 4.5 million in a settlement over his claims about the company’s secrecy measures, were ‘extortionist,’ a Uber attorney testified. The judge disagreed.
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Rebel Wilson wins record £2.7m libel payout

Australian actress Rebel Wilson has won record-breaking damages from a global magazine publisher found to have portrayed her as a serial liar.
Entertainment News – Latest Celebrity & Showbiz News | Sky News

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Wet Seal Stockholders Won’t See Payout

NO DISTRIBUTION TO STOCKHOLDERS: The Wet Seal Inc., which is set to be acquired by an affiliate of Versa Capital Management via its purchase of the teen retailer in a bankruptcy court auction, said Tuesday in a regulatory filing, a Form 8-K, with the Securities and Exchange Commission that it “does not expect to be able to distribute any proceeds to the company’s stockholders and therefore believes that the shares of its common stock are worthless.”
In many bankruptcies, shares of public firms often become worthless. Whether there will be anything left to distribute to unsecured creditors, who are higher than stockholders in the financial food chain, is still unclear. In addition, the SEC filing said the affiliate of Versa will be responsible to pay B. Riley Financial, which was the stalking-horse bidder, a $ 625,000 break-up fee per the terms of the asset purchase agreement. Wet Seal filed its voluntary petition for Chapter 11 bankruptcy court protection in January in Delaware.

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