What a relief!
Given the freaky circumstances, RiRi and Elliott were terribly concerned.
Check out the official announcement (below)!
[Image via Instagram.]
Lawsuits can be a long, legal battle, and Todd Oldham knows that well.
Back in February 2009, the designer, who then served as Old Navy's design creative director, filed suit claiming the company had failed to negotiate in good faith.
Apparently they had planned to create a Todd Oldham signature line in addition to keeping him on his day-to-day post as creative director. The line never came to fruition, and Oldham filed suit.
Unfortunately for Oldham, the case was dismissed last year, but now it seems he’s back with a fighting chance.
A Manhattan appeals court reinstated claims by Todd that he was wrongfully terminated and his deal was broken.
The U.S. Second Circuit Court of Appeals stated Old Navy "made no argument, and pointed to no evidence" to challenge Oldham’s claim that he was "repeatedly and widely praised" by management as well as failed to negotiate in good faith to launch the line.
Oldham was initially seeking $75 million in lost royalties and reputational damages but lowered the amount to $20 million.
What’s Old Navy going to do now?
[Image via WENN.]
This is amazing!
Starting next Monday, Old Navy will be selling Gay Pride t-shirts to help benefit the It Gets Better Project.
There are four different styles available for men, women and even little babies. Prices range from $7.50-$14.50, with 10% of sales being donated to IGBP.
Even celebrities can't pass up a good deal!
All three ladies were in New York to check out the retailer's spring line and each one was caught wearing the $34.50 frock.
The sundress is available in 3 different prints and is already in stores.
[Image courtesy of Old Navy.]
With 4th of July right around the corner, Old Navy is helping shoppers get patriotic while supporting our troops.
As part of their Operation: Care and Comfort benefit, the retailer will send a shirt to troops overseas for every stars and stripes shirt purchased between July 1st and July 5th.
On top of providing up to 500,000 patriotic tees, Old Navy will be collecting clothing items for troops that can be purchased (for under $10) in their "troop essentials" section.
As a bonus, anyone who makes a donation will receive a 10% discount on purchases made that day.
Sounds like a great way to help out and score some new clothes all at the same time!
Way back in February 2009, designer Todd Oldham, who then served as Old Navy's design creative director, filed suit against the Gap-owned retailer, claiming that the company had failed to negotiate in good faith on the line as previously promised.
More specifically, when Old Navy hired Oldham, the two parties had planned to create a Todd Oldham signature line in addition to his day-to-day post as creative director. The line never came to fruition, and Oldham filed suit.
On Tuesday, however, U.S. District court Judge Denny Chin ruled that Oldham's suit didn't prove that Old Navy failed to live up to the agreement. In fact - quite the contrary: Old Navy had tried to work out a deal, but Oldham wanted more than they offered.
Judge Chin says:
"Moreover, [Oldham's creative design company] L-7 was making extraordinarily high demands. At one point during the discussions, L-7 demanded (through outside counsel) $75 million in compensation for lost royalties and reputational damages. It later demanded a minimum guarantee of $37.5 million in royalties for a three-year-term, which it then later reduced to $20 million for a two-year term…It is not surprising that Old Navy resisted these demnads."
Oldham, however, has sworn to fight the ruling.
Sorry, Todd, but we think Old Navy's in the right on this one!
[Image via AP Images.]