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Company Town

3/ 4/08

12:00 PM

Sickos Behind Marketing for Airborne Were Lying to Us All

LEGAL
• Manhattan's Tonic East restaurant will pay $35,000 to settle a lawsuit alleging that the eatery discriminated against blacks wearing hip-hop clothing and urban wear to a Super Tuesday event for Barack Obama supporters. [NYT]
• Office procrastinators might have to look for a new method for wasting time: Scrabulous is under fire. [DealBook/Alley Insider]
• Airborne, the cold-relieving drug of choice for many cube dwellers around the city, will pay $23.3 million to settle claims of false advertising. Says one critic, "Airborne is basically on overpriced, run-of-the-mill vitamin pill that's been cleverly, but deceptively, marketed." Holy wow. Anyone want to come together and ratchet this up to class-action against "second-grade teacher" founder Victoria Knight-McDowell? [CNN]

FINANCE
• Wall Street hearts Obamanomics. [DealBreaker]
• Third Avenue Funds manager Martin Whitman gears up for a face-off with Pershing Square Capital manager William Ackman. [DealBook/Reuters]
• After receiving a $7.5 billion injection from Abu Dhabi last November, Citigroup might need more capital to offset the mortgage losses that destroyed the bank's market value. [DealBook/Bloomberg]

MEDIA
• The New York Sun calls New York Times publisher Arthur Sulzberger Jr. a hypocrite without actually saying the word "hypocrite." [NYS]
• New York has a state author and poet, so why not a state blogger? [NYO]

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Edited by Chris Rovzar and Jessica Pressler

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