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Tom Girardi’s corruption exposes world of private judges

The settlement Tom Girardi reached with a drug company in 2005 was characteristically large and righteous: some $66 million the famed Los Angeles trial attorney won on behalf of patients who said a diabetes medication caused liver failure and other maladies. At Girardi’s suggestion, a nationally renowned mediator was appointed to ensure proper distribution of …


What happens to your Twitter stock now that it’s a private company

Now that Elon Musk has closed on his acquisition of the social media platform Twitter, what happens to Twitter’s stock? The transaction to make Twitter a private company was completed late Thursday, according to a Securities and Exchange Commission document. By Friday morning, Twitter’s stock had already stopped trading on the New York Stock Exchange, …


ESPN sells majority stake in X-Games to private equity firm

ESPN is selling a majority interest in X Games, the event that helped bring extreme sports such as snowboarding and Moto X racing into the mainstream. The Walt Disney-owned sports media company announced Wednesday that MSP Sports Capital, a private equity firm, will become the majority stakeholder in the property founded in 1995. ESPN will …