LAWSUIT

As if it wasn't enough that he lost $1 million in a recent Ponzi scheme, Kelsey Grammer is now being sued by actress Lydia Cornell. The actress/talk-radio host is claiming that Grammer lured her into the Ponzi scheme that the Frazier star also reportedly lost money in.

Professional poker player Beth Shak's collection of 1,200 shoes worth an estimated $1 million is the target of a lawsuit filed by her ex-husband, Daniel Shak, who claims he was unaware the shoes existed and is entitled 35 percent of their value under their divorce agreement.

Randolph has accused John Travolta and his lawyer of making false statements in order to discredit him and the embarrassing claims in his book.

Teva Pharmaceutical Industries, Intel Corp, Watson Pharmaceuticals, Cellcom Israel, Nokia Corp, Banco Santander, Deutsche Bank and Microsoft Corp are among the companies whose shares are moving in pre-market trading Monday.

Money manager Ezra Merkin has agreed to pay $410 million to settle a lawsuit brought by the New York attorney general that accused Merkin of steering client money to Ponzi schemer Bernard Madoff, a person familiar with the settlement said on Sunday.

New Jersey woman Elizabeth Lloyd filed a lawsuit for more than $150,000 after an 11-year-old baseball player hit her with a ball during a Manchester Little League game two years ago. Lloyd was sitting at a picnic table near a bullpen which had a fence when she was hit in the face with a ball by the catcher, then 11-year-old Matthew Migliaccio. She is seeking $150,000 in damages for medical expenses and an undefined amount for pain and suffering.

San Antonio Spurs superstar Tony Parker is suing New York City club W.I.P. for $20 million over the infamous bottle-throwing brawl between Chris Brown and Drake that left him injured last week.

Natalee Holloway's mother has filed a lawsuit against The National Enquirer that claims the tabloid published untrue stories to profit from her daughter's 2005 disappearance in Aruba. According to the Associated Press, the lawsuit filed by Beth Holloway on Wednesday, June 20, claims that the magazine and its publisher, American Media Inc., published false headlines, articles and statements for nearly seven years.

Bank of America directors have reached a definitive settlement of litigation by shareholders, who accused the bank of overpaying for Merrill Lynch, a federal judge said.

Yahoo (Nasdaq: YHOO), the No. 3 search engine, could settle its patent dispute with Facebook (Nasdaq: FB), the No. 1 social networking site, soon, lawyers told a federal judge in San Francisco.

ConAgra Foods, the parent company of Hebrew National, is defending the brand's kosher reputation in response to a lawsuit seeking class-action status that claimsits famed hot dogs and other meat products are not living up to their name.

Gary Giordano, a former suspect in the disappearance of his travel companion Robyn Gardner, has filed suit against American Express in an effort to collect on an insurance policy he took out on the missing woman.

On May 18, Facebook closed its first day as a public company at $38.23, valuing itself around $105 billion. On Tuesday at mid-day, it traded near $31.50. Still, despite the vilification of the IPO, the slumping share price and dozens of class action lawsuits filed in federal courts in New York and California, Facebook, a damaged brand, has followed the advice of New York image guru Clive Chajet who said it should ignore the press and stick to its knitting.

Hollie C., the Australian tourist who had to get 16 stitches after being hit in the head by a bottle during a club brawl allegedly involving Drake, Chris Brown, Meek Mill and members of their entourages, has spoken out via YouTube.

Triple H issued a challenge to Brock Lesnar on Sunday night's Pay-Per-View event, No Way Out. The wrestler announced that he wants to face off with the former UFC star at this year's SummerSlam.

Facebook (Nasdaq: FB), the No. 1 social networking site, said it would pay $10 million to charity to settle a California lawsuit in which five members claimed it has violated their privacy rights.

Ultra Petroleum, Gentex Corp, Groupon, Peabody Energy, Nokia, AK Steel Holding, Goodrich Petroleum, Facebook and Coca-Cola Co. are among the companies whose shares are moving in pre-market trading Monday.

Rodney King?s death has brought back to light the fragile state of race relations in Los Angeles two decades ago. But lesser known are King?s own struggles and demons after that fateful night in 1991 that left him the unlikely symbol of racial inequality and tension in America.

Crystal Scott, the woman behind the controversial photographs of military mothers' breast-feeding in uniform, has been fired from her job as a result of the media hype surrounding her campaign.

Bristol Palin's new reality show Bristol Palin: Life's a Tripp, is off to a rocky start even before the premiere. Palin was reportedly slapped with a lawsuit by the man who was caught on camera exchanging a war of words last fall.

A federal jury in New Orleans rejected Thursday claims that Kevin Costner and his business partner swindled Stephen Baldwin and a friend out of millions of dollars from a BP contract for oil cleanup devices after the 2010 Gulf of Mexico spill.