*Regan will file suit

Actually, it's probably happened by now. Several outlets are reporting that the always entertaining Regan is seeking damages of $100 million from HarperCollins and parent News Corp. for libel and breach of contract. Also to be named is HarperCollins CEO Jane Friedman, who you might remember didn't exactly get along with the L.A.-based publisher. Bert Fields is handling the case for Regan, to be assisted by NY law firm Dreier. This has been many, many months in the making, which might suggest that one of the parties tried to cut a deal. This would be quite a trial, if it ever got that far.(Portfolio.com)

*Wait, it gets juicier. Regan claims that News Corp. encouraged her to mislead federal investigators about her affair with Bernard Kerik when he was trying to become homeland security secretary (that's the same guy who was indicted last week on corruption charges). She says it was part of a campaign to smear and discredit her. From the NYT:

Ms. Regan had an affair with Mr. Kerik, who is married, beginning in the spring of 2001, when her imprint, Regan Books, began work on his memoir, “The Lost Son.” In December 2004, after the relationship had ended and shortly after Mr. Kerik’s homeland security nomination fell apart, newspapers reported that the two had carried on the affair at an apartment near Ground Zero that had been donated as a respite for rescue and recovery workers.

More by Mark Lacter:
American-US Air settlement with DOJ includes small tweak at LAX
Socal housing market going nowhere fast
Amazon keeps pushing for faster L.A. delivery
Another rugged quarter for Tribune Co. papers
How does Stanford compete with the big boys?
Those awful infographics that promise to explain and only distort
Best to low-ball today's employment report
Further fallout from airport shootings
Crazy opening for Twitter*
Should Twitter be valued at $18 billion?
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Mark Lacter
Mark Lacter created the LA Biz Observed blog in 2006. He posted until the day before his death on Nov. 13, 2013.
Mark Lacter, business writer and editor was 59
The multi-talented Mark Lacter
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