Entertainer Wayne Newton is fighting a back-and-forth legal battle over his lavish Las Vegas estate, which is undergoing a conversion into a $50 million celebrity museum. The company that purchased the rights to the project is suing Newton, his wife and her mother, claiming the family purposely delayed the project to ensure it's never completed. But Newton's attorney says the move is a pre-emptive strike against his plans to sue the company for breach of contract after a series of construction delays.
It seems the relationship between TV anchor Keith Olbermann and his most recent employer has soured, not unlike the one he had with MSNBC. After the Current network fired him last month for "material, serial breach of contract," Olbermann countersued, also claiming breach of contract, along with sabotage and disparagement.
Most small businesses rely heavily on their banks for growth and sustenance. Loans provide a business with capital to start or expand, and to help them manage the money they already have. If a bank changes the terms of its contract with a business, it can put the company in serious jeopardy.
The entertainment industry is powered in large part by expectations. Producers of television shows, feature films and theatrical productions invest and make money based on speculations that the material within will appeal to paying audiences and advertisers. When a production fails to live up to projections and doesn't rake in the profits everyone involved hoped it would, there can be both financial and legal consequences. Sometimes lawsuits can surface afterward even if the movie, TV show or play is profitable.
Two recent celebrity stories in the news involve breach of contract lawsuits. One lawsuit was brought against hotel heiress Paris Hilton for allegedly failing to promote and wear a company's hair extensions as she had agreed to do. On the other side of the coin, 'Twilight' star Taylor Lautner recently settled a lawsuit that he filed against an RV dealership for failing to deliver a coach on time to the set of the movie, "Abduction," in June.