- Eric Schmidt on Government Scrutiny and Economic Recovery
- Schmidt on Social Media, Ads and Hulu
- Sun Valley on Social Media
- Eric Schmidt + Larry Page on Revolutionizing Computing
- WPP's Sir Martin Sorrell on the Ad Recession
- Twitter in the Sun Valley Spotlight
- Sun Valley Dealmaking Confab Kicks Off
- Making Money on Michael Jackson's Memorial
- Court Ruling Could Mean Trouble for TiVo
- Another Music Lawsuit, but with an Unexpected Target
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Schmidt on Social Media, Ads and Hulu
- Sun Valley on Social Media
- Eric Schmidt + Larry Page on Revolutionizing Computing
- WPP's Sir Martin Sorrell on the Ad Recession
- Twitter in the Sun Valley Spotlight
- Sun Valley Dealmaking Confab Kicks Off
- Making Money on Michael Jackson's Memorial
- Court Ruling Could Mean Trouble for TiVo
- Another Music Lawsuit, but with an Unexpected Target
|
CNBC'S MOST SHARED
- Unemployed? Bored? Make Money Playing Beer Pong
- WPP's Sir Martin Sorrell on the Ad Recession
- Social Networking's 'Naked' Truth
- Merrill's McCann Seen as UBS Wealth Frontrunner
- Warren Buffett's Top Three Investment Rules for the Average American
- The View From Newark
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Blog You!!!
- Warren Buffett's Complete Sun Valley CNBC Interview - Transcript and Video
- Eric Schmidt on Government Scrutiny and Economic Recovery
- Market 360: The Week's Best & Worst
- Geek Squad V. Gizmodo
- Brandt: Google Chrome OS in the Post-PC Age
- Other People Are Weirder Than We Are
- Bank Failures: Is The Nightmare Over? (Video)
- California Here I Go? No.
- Roginsky: No More Mr. Nice Guy
- Commercial Conundrum
- Government Selling Bank Stakes for Too Cheap: Panel
- Buffett's Top 3 Investment Rules for Average Americans
- Market Insider: Earnings Loom in the Week Ahead
- Bulls Get Summertime Blues, But It's Hot Fun for Bears
- As Banks Fail, Strong Institutions Become More Visible
- GM IPO in Second Quarter 2010 at the Earliest: CFO

- Merrill's McCann Seen as UBS Wealth Frontrunner
- It's Not the Wealthy Who Are Leaving California: Study
- Atlantic City Takes Hit as Pennsylvania Casino Opens
RSS FEED

While the world continues to reel from the news of Elliot Spitzer's scandal, this was also a big week in Hollywood's high-level legal embarrassment--the Pellicano trial. Private eye to the stars Anthony Pellicano is on trial for fraud, wire tapping, bribing police officers and others, and yes, it's messy.
As I've reported some of the biggest names in Hollywood, clients of Pellicano, are involved. They're not in trouble themselves, but they have been called to the stand as witnesses. And as expected, the stories the testimony has revealed about some of these guys seems like much more a commentary on Pellicano's clients, than on Pellicano himself.
Paramount Pictures Chief Brad Grey isn't on trial, but he was the one who got really slammed yesterday by comedian Gary Shandling as he testified how Pellicano--hired by Grey--made his life miserable. Grey had been Shandling's personal manager, taking a cut of the profits from his 'The Larry Sanders Show," until Shandling filed a $100 million lawsuit against Grey and his firm for "triple dipping," taking fees three times on the show. So Grey hired lawyer Bert Fields and Pellicano to work on defending his case.
The allegations that Pellicano bribed officials to get database searches aren't surprising, but the Shandling's description of Grey's late-night harassing phone calls are. Shandling said: "He threatened me, if I kept going—looking into my own business—that he would make my life miserable." The case did settle in 1999, and Shandling got at least $10 million but Shandling clearly isn't over it still.
So how does the head of a studio in the midst of a turnaround respond? Grey's got a lot at stake. His boss, Tom Freston, was unceremoniously fired by Sumner Redstone, and now he seems to have Paramount's turnaround on track, though things could get messy if Steven Spielberg and David Geffen fail to renew their DreamWorks [DWA
Loading...
()
]contract when it expires at the end of this year.
Grey responded with the following carefully-worded statement: "I am extremely saddened by Gary's recollection of events dating back more than a decade. His representation is very different than what I remember and what I know to be true. Garry and I had a long personal and professional relationship, which frankly ended when he hired [Washington DC litigator] David Boies, and sued me and Brillstein Grey [the Hollywood management and production company] for $100 million. His actions forced us to hire our own lawyer -- Bert Fields -- and our friendship was overtaken by a legal process that was directed by lawyers and which ended with an equitable settlement. Even though we haven't spoken since that time, he remains one of the most talented people I have known and I wish him only the best."
That sounds like he's trying to take the high road. Let's see what Grey says when HE takes the witness stand!
Questions? Comments?






