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Good Decisions

Lindsay Lohan Gets Serious About Her Financial Situation, Hires Britney Spears’ Accountant

No seriously.

Lou Taylor of Nashville-based TriStar Sports and Entertainment Group apparently is a “savvy, no-nonsense Nashville businesswoman who guided Spears back from the brink,” according to the Post.

Just thought you guys should know.

PwC’s Moritz: ‘We Will Have Base Increases Next Year’

Thumbnail image for moritz_becks.jpgNow we’re talking! Nothing like calling your shot.

Moritz did his best Joe Namath today on PwC’s firm wide webcast today (is it over?) so all that speculation of P. Dubs phoning in 2010 can be put to rest. WRITE. IT. DOWN.

If you’ve got other thoughts or details on the web cast, get in touch and discuss in the comments.

Hertz Has Second Thoughts About Suing Audit Integrity

Thumbnail image for Thumbnail image for Thumbnail image for lawn chair.jpgTurns out Hertz doesn’t have the stones to follow through on its lawsuit against Audit Integrity, as the car rental company has dropped its libel suit against the independent research firm.
Audit Integrity issued a report back in September that stated that Hertz was one of several companies that “face[d] ‘the greatest risk of bankruptcy’ in the next 12 months.” Hertz took the high road, suing Audit Integrity for saying such mean (and untruthful) things.
Well now Hertz has decided that it’s not worth the time and money. That very well may be, although were more inclined to think that they came to their senses that suing an independent research firm for their opinion wasn’t such a hot idea.

Crain’s New York:

Hertz’s aborted suit joins the pantheon of other unsuccessful legal efforts by companies to silence disagreeable analysts. Those that brought such actions include BankAtlantic Bancorp, retailer and drug-maker Biovail.

Overstock suing an analyst for saying not-so-nice things? There’s a shocker. BankAtlantic went after DB’s favorite woodland creature, Dick BovĂ© (which is sort of embarrassing since he’s so cuddly), and Biovail’s lawsuit caused the SEC and DOJ to launch investigations which resulted in the company paying millions in fines and pleading guilty to criminal charges. Not exactly pristine company.
Audit Integrity — not being one to just bend over for some a company that once was endorsed by a certain acquitted murderer — called on the SEC to investigate Hertz for this dodgy lawsuit and now Hertz seems to have seen the light.
Press Release.pdf
Hertz puts brake on libel suit against analyst [Crain’s New York]
See also:
Hertz caves [Felix Salmon/Reuters]