Bill Nye the Science Guy is having a bad reaction to his old TV partners at Disney, which is why he's suing them for $9 million! Nye reports first discovering an accounting error in 2008 and engaged in "futile negotiations" with Disney to obtain more documents associated with the error. Of that 50 percent stake, Nye gets a third, with his partners splitting the other two-thirds - giving him 16.5 percent of 100 percent of the net profits.
It also said the complaint accused the companies of misclassifying revenues and expenses.
Venezuela Will Hold Referendum on New Constitution
McMaster hold a news briefing at the White House in Washington, US, to announce sanctions against Venezuela , August 25, 2017. Several prominent opposition mayors have also been removed or ordered arrested by the government-stacked supreme court.
According to the suit, Nye became suspicious in 2008, when Disney informed him that he owed the company almost $500,000 due to an "accounting error".
"The disturbing size of the supposed 'accounting error, ' coupled with the seeming indifference of both (Buena Vista Television) and (the Walt Disney Company), left Mr. Nye suspicious of the veracity of the accounting statements he had been receiving from BVT over the years", the suit states. He alerted Disney to the fact that he was auditing them in 2014 and was told that they were "backlogged" and that it would take as much as three to four years before his audit could begin. Nye thought so too, which is why he requested an audit of Disney's books in 2016.
Gold dips slightly in Asia as market geared for Jackson Hole speeches
Neither is expected to announce policy messages, but their comments may provide clues as to the pace of interest rate hikes. The Dow Jones industrial average fell 0.4 per cent to 21,812.09 and the Nasdaq composite lost 0.3 per cent to 6,278.41.
Under their deal, BVT could pay Nye less for "video device" income if it used an affiliated entity to manufacture the devices, which he says were defined as audio visual cassettes, video discs or any similar devices embodying the series.
The suit alleges that, in total, Disney has deprived Nye and the other owners of the show of $28 million. The host is suing for fraudulent concealment, fraudulent inducement, breach of contract, and breach of fiduciary duty, among other claims, and is looking to earn back the money he is owed along with punitive damages.
Cohn said to have drafted resignation letter after Charlottesville
Beyond that, it would increase the caps for the standard deduction while eliminating most other personal deductions, Cohn said. Cohn also said the "Big Six" wants to keep a preferred rate for capital gains taxes to encourage investment.