NY Court Rejects Honeywell's $36M Oaktree Royalty Claims
By Megan Stride
Law360, Chicago (June 21, 2012, 9:08 PM EDT) -- A New York state appeals court refused Tuesday to revive Honeywell International Inc.'s claims against Oaktree Capital Management LP in a $36 million trademark licensing dispute, rejecting allegations that the investment firm is liable for royalties under Honeywell's contract with an Oaktree-funded power generator company.
In a one-page order, the Appellate Division of New York Supreme Court wrote that Judge Bernard J. Fried's July 2011 dismissal order "is hereby affirmed" for the same reasons stated by the judge.
Honeywell's suit also targeted Northshore Power Systems LLC,...