Time’s up for the marriage of Tiffany & Co. with Swatch Watches, as the two companies aren’t only ending their partnership but are going into full-on bitter divorce mode with suits and countersuits abounding. One might say their timing was just off. Oh, zing!
clash of the titans
Last month, the judge in the sugar industry’s lawsuit over ads that try to rebrand high fructose corn syrup as Corn Sugar allowed the suit to move forward but removed the individual corn companies as defendants. Now, Big Sugar has fired the latest legal missle, amending its complaint to accuse those corn companies of conspiracy to deceive the public.
In a legal battle that could be dubbed an all-star edition of our Worst Company In America tournament, AIG intends to sue Bank of America to get back $10 billion it lost investing in toxic mortgages made by BofA and two of its most infamous acquisitions, Countrywide and Merrill Lynch.
Following up on yesterday’s news that Apple is preparing to start production on Verizon-compatible iPhones, the Wall Street Journal now says that AT&T has been working since December to improve their existing networks to remain competitive when the inevitable battle for iPhone market share begins.