Commercial ContractsRSS

  • July 19, 2010

    Developer May Have Bilked $10M From Partners: Judge

    A federal judge has ruled that the president of Thomas Enterprises Inc., which has developed $4 billion in retail property since 1987, could owe more than $10 million to three partners in a Sacramento, Calif., real estate project for breaching a contract related to the development.

  • July 16, 2010

    National Union Sues Liberty Mutual Over Can Claims

    National Union Fire Insurance Co. of Pittsburgh, Pa., is suing to force Liberty Mutual Fire Insurance Co. to pay a greater share of the $5.5 million Silgan Containers Corp. owes Del Monte Corp. for defective tomato cans.

  • July 16, 2010

    Medical Developer Sues RSUI Over $12.5M Settlement

    Medical facility developer Foundation Healthcare Affiliates LLC has filed suit against RSUI Indemnity Co. Inc., saying the insurer handled itself improperly in negotiations over the settlement of a $12.5 million contract claim and has unfairly failed to help shoulder expenses.

  • July 16, 2010

    Dragas Gets 2nd Chance At Drywall Coverage Claims

    A homebuilder at the center of one of the first insurance cases over defective Chinese drywall has a new shot at getting Builders Mutual Insurance Co. and Firemen's Insurance Co. of Washington, D.C., to pay for remediation costs, following a judge's decision not to throw out breach of contract counterclaims.

  • July 16, 2010

    2nd Circ. Agrees To Hear Chubb Rate Hike Actions

    A federal appeals court is allowing the plaintiffs in two putative class actions, which allege Chubb Corp. breached its insurance contracts by improperly raising home insurance premiums, to appeal a lower court order denying class certification.

  • July 15, 2010

    Insurers Need Not Cover Avent's BPA Claims: 7th Circ.

    A federal appeals court has upheld a decision that will force Avent America Inc. to go it without insurance coverage in litigation accusing the company of knowingly putting toxic bisphenol A into baby bottles, sippy cups and other children's products.

  • July 15, 2010

    Berkshire Takes On CNA's Asbestos Liabilities For $2B

    CNA Financial Corp.'s Continental Casualty Co. and other insurance subsidiaries have agreed to pay Berkshire Hathaway Inc.'s National Indemnity Co. a $2 billion reinsurance premium to assume their legacy asbestos and environmental pollution liabilities.

  • July 15, 2010

    Taro Pharma's Suit To Block Sun Takeover Tossed

    Sun Pharmaceutical Industries Ltd. has won its bid to throw out Taro Pharmaceutical Industries Ltd.'s suit seeking to block Sun's hostile takeover attempt by alleging Sun withheld key shareholder information that federal regulators seized millions of dollars in products from one of its units for manufacturing defect concerns.

  • July 15, 2010

    Carrefour Marinopoulos Fined €12.5M For Price-Setting

    Greek retail giant Carrefour Marinopoulos SA is facing a €12.5 million ($16.1 million) fine for imposing resale price restrictions among members of its franchise network in violation of European Union competition laws, Greece's antitrust regulator announced Thursday.

  • July 14, 2010

    NYC Comptroller CIO Sues Former Firm For $10M

    Lawrence Schloss, chief investment officer for New York City's comptroller, has launched a $10 million action against Diamond Castle Holdings LLC, the investment capital company he founded in 2004, claiming it has failed to pay him due compensation.

  • July 14, 2010

    Impact Of NLRB Class Action Waiver Memo Unclear

    Before his departure from the National Labor Relations Board, then general counsel Ronald Meisburg issued a memorandum on the use of class action waivers in mandatory arbitration agreements that would render some agreements unlawful. But whether his guidance to the board's regional directors is adopted, and whether it will stick, remains uncertain, lawyers say.

  • July 14, 2010

    2nd Circ. Nixes Student Loan Arbitration Clause

    In a putative class action over alleged hidden penalties on student loans, a federal appeals court has cleared the way for a debt-saddled lawyer to sue loan servicer Affiliated Computer Services Inc., rejecting the company's bid to compel arbitration.

  • July 14, 2010

    CNet Founder Legal Owner Of Warhol Painting: Judge

    A judge has ruled that CNet founder Halsey Minor is the legal owner of an Andy Warhol painting of Grace Kelly, as well as several equestrian scenes, in his ongoing legal feud with Christie's Inc., but has not ordered the transfer of the paintings because of a pending appeal by Christie's.

  • July 14, 2010

    MicroAire, Arthrex Near Deal In Trade Secrets Suit

    MicroAire Surgical Instruments LLC and rival Arthrex Inc. are nearing a settlement in MicroAire's patent infringement and contract suit accusing Arthrex of making and selling a surgical instrument based on trade secrets misappropriated by a former MicroAire employee.

  • July 14, 2010

    O'Melveny Says MGA Owes $10M In Bratz Legal Fees

    O'Melveny & Myers LLP is claiming that MGA Entertainment Inc. skipped out on a $10.2 million legal tab for the firm's work defending the company in an epic copyright and employment spat over Bratz dolls that resulted in a $100 million jury verdict for plaintiff Mattel Inc.

  • July 13, 2010

    Reduction Of Atty Fees In Ex-Westar CEO Case OK'd

    In a breach of contract dispute, a Kansas appeals court has affirmed a lower court's decision to reduce the hourly rates Westar Energy Inc. paid the lawyers defending its former CEO against charges that he tried to loot the public utility.

  • July 13, 2010

    Abbott Settles Syringe Action Right Before Jury Verdict

    Rather than wait for a jury verdict, Abbott Laboratories Inc. and Retractable Technologies Inc. have decided to settle a breach of contract action that involved a marketing and distribution agreement gone bad.

  • July 13, 2010

    Daewoo Must Carry Ex-Affiliate's Liability Costs: Jury

    A jury has found that an indemnity agreement requires Daewoo Motor Co. Ltd. to shoulder legal fees for its former U.S. affiliate Starpoint USA Inc. in a product liability suit brought by an injured driver, setting the tone for other similar disputes.

  • July 13, 2010

    Producer Wants Coverage For Action Stars' Injuries

    A production company working on the upcoming action movie “The Expendables” has lodged a suit seeking to recover an additional $2 million from insurers due to delays in filming that occurred because actor Jason Statham developed a throat condition and star Sylvester Stallone hurt his ankle.

  • July 13, 2010

    NYC OTB Commission Spat Could Go To State Board

    A judge is weighing whether to allow racetrack owners Finger Lakes Racing Association and Empire Resorts Inc. to go to a state racing board with contract-related disputes over bankrupt New York City Off-Track Betting Corp.’s alleged failure to pay certain commissions.