BRIEFCASE BACKSTREET BOYS LAWSUIT DISMISSED.Byline: - From Staff and Wire Services The Backstreet backstreet Noun a street in a town far from the main roads Adjective denoting secret or illegal activities: a backstreet abortion backstreet n Boys' legal battle with former co-manager Donna Wright ended Friday, with a Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Superior Court judge dismissing the litigation An action brought in court to enforce a particular right. The act or process of bringing a lawsuit in and of itself; a judicial contest; any dispute. When a person begins a civil lawsuit, the person enters into a process called litigation. , thanks to a settlement reached in May. Details of the settlement were not disclosed. In May, attorney Paul Karl Lukacs, representing the band, said both sides had ``settled their differences'' and were awaiting the completion of paperwork. Lukacs did not return a call seeking comment Friday. The Backstreet Boys sued Wright in October to invalidate their contract with her: The band accused her of being incompetent and unlicensed. Before the lawsuit, Wright had a 25 percent interest in Backstreet Management Inc., according to the Orlando Business Journal. WorldCom reeling toward inevitable JACKSON, Miss. - WorldCom Inc., struggling to find billions to keep its telecommunications empire from crumbling, may be only days from a bankruptcy filing that would dwarf those seen in the past. The Clinton, Miss.-based long distance, Internet and data services provider revealed last month that it disguised nearly $4 billion in expenses to make it appear more profitable. Since then, analysts have said a bankruptcy filing was inevitable. A source in the company familiar with WorldCom's financial situation said the telecom could opt for Chapter 11 by Monday. Company officials declined to comment. Drug firm shares plunge on probe TRENTON, N.J. - Shares of Johnson & Johnson plunged Friday after a published report said a criminal investigation had been launched into one of the company's factories in Puerto Rico. The Ortho Biologics plant in Manati manufactures the anemia drug Eprex, which has been linked to serious illnesses in Europe and Canada. The investigation by the Food and Drug Administration and the Justice Department was linked to a whistle-blower whis·tle·blow·er or whis·tle-blow·er or whistle blower n. One who reveals wrongdoing within an organization to the public or to those in positions of authority: "The Pentagon's most famous whistleblower is . . lawsuit filed by a fired factory worker, The New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of Times reported in Friday's editions. In prepared statements, the company said it was aware of the government investigation, ``presumably pre·sum·a·ble adj. That can be presumed or taken for granted; reasonable as a supposition: presumable causes of the disaster. related to the lawsuit.'' RJR RJR R.J. Reynolds RJR Thorny Skate (FAO fish species code) profits may not meet forecast CHARLOTTE, N.C. - R.J. Reynolds Tobacco Holdings Inc. reported its second-quarter earnings rose as shipments declined to reflect lower demand, but the nation's second-largest cigarette company also warned that its third-quarter profits may fall below Wall Street's expectations. Net income for the Winston-Salem, N.C.-based company in the second quarter was $211 million, up from $127 million during the same period of 2001. Earnings per share increased to $2.29 from $1.26. The reported results reflect goodwill amortization expense of $80 million, or 80 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. , in last year's second quarter. |
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