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Poster of Kissa Kursi Ka In a longish feature for Film Comment (May-June 1980), American journalist Elliott Stein wrote about the forays made by Indian film personalities into politics. “In no country are cinema and politics more closely intertwined,” he noted. Some of the events, he noted while covering Filmotsav ’80, a film festival held in Bangalore (now Bengaluru), were M.G.R becoming the chief minister of Tamil Nadu in 1977, Dilip Kumar being appointed the sheriff of Bombay (now Mumbai), and the successful launch and quick folding up of a new National Party by Dev Anand. “One case of Indian politics-cum-film received world attention because it involved Sanjay Gandhi,” wrote Stein. “In 1977, Amrit Nahata, the producer of Kissa Kursi Ka brought a suit against Mrs Gandhi’s son, claiming that he had stolen and destroyed all of the prints of the film, which caricatured his mother’s regime.”
Credit Suisse Pays $600 Million to Settle U.S. Mortgage Case
This content was published on February 12, 2021 - 14:32
February 12, 2021 - 14:32
(Bloomberg) Credit Suisse Group AG agreed to pay $600 million to settle a lawsuit over mortgage securities that collapsed in the 2008 financial crisis, an accord that locks in an expected hit to its profit.
The plaintiff, MBIA Insurance Corp., said late Thursday that it had reached an agreement, after a post-trial court decision that ordered the Swiss bank to pay about $604 million in damages. The settlement means there will be no appeal trial.
Credit Suisse is expecting to post a fourth-quarter loss when it reports earnings on Feb. 18, after setting aside $850 million for U.S. legal cases including MBIA and booking a $450 million impairment on a hedge fund investment.