The Latest Breaking News from Alvaro Palacios

Justice Crane's $1.5 Million Error: Rent Is Not a Contract Payment

IBT challenges Justice Melissa Crane's ruling that Newsweek repaid a $1.5 million debt through rent and third-party expenses, arguing the payments never satisfied the contract.

International Business Times · Aug 31

IBT Media Sues Former CEO Dev Pragad and Newsweek Executives for $200M

IBT Media has filed a $200 million lawsuit in Westchester County against Dev Pragad and former executives, alleging fraud, breach of fiduciary duty, and a scheme to strip IBT's assets to benefit Newsweek. The case adds to mounting legal battles over Newsweek's ownership and leadership.

International Business Times · Sep 3, 2025