Bodies in Motion Closes Irvine Site
Bodies in Motion Inc. has closed its unprofitable Irvine fitness location and company founder Bruce Gordon said that it could hasten the fitness chain’s exit from Chapter 11 bankruptcy, the Los Angeles Daily News reports. The North Hills-based company made the reorganization filing on June 20. The filing lists both debts and assets at between $10 million and $50 million. The approximately 35,000-square-foot Irvine facility, one of five Bodies in Motion fitness centers, opened in January in the Irvine Spectrum and closed Friday, Gordon said. Gordon’s filing blamed the Irvine store for the company’s financial woes.
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Yahoo’s Click-Fraud Settlement Gets Court Approval
A federal judge gave preliminary approval to a settlement in a lawsuit alleging that Yahoo Inc. didn’t adequately protect advertisers from “click fraud,” the Wall Street Journal reports. Under the terms of the settlement, granted preliminary approval by U.S. District Court Judge Christina Snyder in Los Angeles, Yahoo would pay roughly $5 million in legal fees and extend its period for reviewing advertiser click-fraud complaints to include disputed charges since January 2004. The Sunnyvale-based Internet company normally reviews only those complaints related to disputed charges that occurred within the past 60 days. Judge Snyder gave preliminary certification of the suit, brought last year by private investigation firm Checkmate Strategic Group Inc. of Delray Beach, Fla., as a class action for the purposes of the settlement, meaning that if finalized it could supersede any similar claims against Yahoo in other jurisdictions. Checkmate had alleged breach of contract and unfair business practices in its complaint.
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New Disney Chairman Seen as Break from Past
Walt Disney Co. on Wednesday named the former chief executive of consumer products giant Procter & Gamble Co. as its next chairman, part of an ongoing remake of a board once criticized for passivity and lack of independence, the Los Angeles Times reports. John E. Pepper Jr., 67, one of Disney’s newest outside directors, will take over the position on Jan. 1 from retiring Chairman George J. Mitchell, the former Senate majority leader. Disney Chief Executive Robert A. Iger in a statement said Pepper “has quickly immersed himself in our business” since joining the board of the Burbank-based entertainment giant in January.
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