Amid resignation rumors, Rev. Jesse Jackson (pictured above) has released a statement asserting that he has no plans to step down as president of the Rainbow/Push Coalition. The rumors arose after Jackson made a speech reiterating that Rev. James T. Meeks would be his successor when he did decide to leave his post as president of the Coalition. In the statement, Jackson says, “I repeat, I have no plans to step down any time soon.oo In a decision recently handed down by a U.S. District Court, urban apparel manufacturer FUBU was awarded $6.7 million in trademark infringement damages. Solid Clothing, a Los Angeles-based import and retail company, was found guilty of willfully selling imitation FUBU “05″ athletic jerseys from 1999 to 2001. FUBU was awarded not only all of Solid Clothing’s profits from their unlawful sales but was compensated for any lost sales they might have suffered during that period. FUBU has similar cases pending against Wal-Mart, Abercrombie & Fitch, The Children’s Place, and Charlotte Russe.
Civil rights activist Rev. Al Sharpton recently filed a $1 billion lawsuit against HBO claiming that the AOL Time Warner subsidiary defamed him by showing a portion of a 1983 FBI surveillance tape on which he and an undercover FBI agent appear to be discussing a drug deal. Sharpton contends that the tape, which aired on HBO’s Real Sports with Bryant Gumble, was misleading in that only a portion of the conversation was played. He further contends that HBO knew the tape was misleading and defamatory. HBO has denied the charges.