Commercial Contracts

  • August 22, 2011

    Ex-Veritas CFO Wants More Claims Cut In SEC Fraud Suit

    The former chief financial officer of Veritas Software Corp. asked a California federal court Friday to toss regulators' claims that he manipulated earnings reports, part of a larger suit accusing him and others of lying to auditors about a $50 million licensing deal with AOL Inc.

  • August 22, 2011

    St. John's Faces Contract Suit Over Eye Research Deal

    Connecticut Analytical Corp.on Monday hit St. John's Medical Research Institute with a breach of contract suit in Connecticut federal court over a government subcontract gone south, related to developing methods to assist combat veterans with eye wounds.

  • August 22, 2011

    BofA Pays $5M To Settle Credit Card Arbitration Suit

    Bank of America Corp.'s credit card subsidiary agreed not to bar consumer class actions or enforce customer contracts mandating arbitration under a $5 million deal to settle San Francisco's consumer protection lawsuit, both sides said Monday.

  • August 22, 2011

    Lehman Trustee Hits RBS With $345M Contract Suit

    The trustee overseeing the Lehman Brothers Inc. liquidation sued the Royal Bank of Scotland NV Friday in New York bankruptcy court, claiming the bank owed the defunct financial firm $345 million under a foreign currency transaction contract.

  • August 22, 2011

    Longview Wins Sanctions, Dismissal Of Castle Arch Claims

    A New York state judge on Monday stripped 15 counterclaims and hit Castle Arch Real Estate Investment Co. LLC with sanctions in a racketeering lawsuit claiming it breached contracts in securities dealings that allegedly destroyed Longview Financial Group Inc.

  • August 22, 2011

    Former Exec Accuses Skechers Of Illegal Firing

    A former Skechers U.S.A. Inc. executive sued the footwear titan in California court on Friday, alleging the company wrongfully terminated her, breached an express contract and damaged her career prospects by bad-mouthing her to future employers.

  • August 19, 2011

    Universal May Have To Open Books For 'Smokey' Producer

    A California state judge on Friday ruled that Universal City Studios LLC may have to open its books to a producer of “Smokey and the Bandit” who claims he's owed profits from the iconic 1977 film, but trimmed other claims from the breach of contract suit.

  • August 19, 2011

    Trustee Sues Vitro Units To Recoup $1.35B In Notes

    A bondholder trustee of Mexican glass manufacturer Vitro SAB de CV and its units sought recovery Wednesday in a New York state court of $1.35 billion owed under notes the company issued, alleging that its insolvency proceeding was a "multiyear scheme" to avoid payments.

  • August 19, 2011

    Qimonda Settles GE Unit's Lease Claim For $15M

    Qimonda Richmond LLC agreed on Thursday to pay $15.3 million to settle a claim brought in Delaware bankruptcy court by General Electric Capital Corp., which leased semiconductor manufacturing equipment to the defunct chip-maker.

  • August 19, 2011

    SEC, CFTC Seek Input On Whether SVCs Are Swaps

    Regulators asked for comment Thursday about whether stable value contracts — investment agreements offered by banks and insurers often found in worker savings plans — should be regarded as swaps and regulated as such under the Dodd-Frank financial reform law.

  • August 19, 2011

    St. Paul Off Hook In Strategix Contract Row

    St. Paul Fire & Marine Insurance Co. won its bid Wednesday in California to shake Strategix Ltd.'s allegations that the insurer wrongfully refused to defend and indemnify the recruitment firm in a breach of contract lawsuit over Strategix's sale to Infocrossing West Inc.

  • August 19, 2011

    Video Game Industry A Boon To Lawyers

    Now that the gaming industry has shed its startup roots to become a $25 billion-a-year entertainment juggernaut, litigation stemming from video games is on the rise, including patent and copyright infringement suits, disputes between employers and talent, and battles over licensing deals, attorneys say.

  • August 18, 2011

    Bingham Can't Strike Dodgers Owner's Malpractice Claims

    Bingham McCutchen LLP lost its bid Thursday to preemptively strike Los Angeles Dodgers owner Frank McCourt's malpractice claims when a Massachusetts judge tossed the firm's suit claiming it acted properly when drafting a marital agreement that could cost McCourt control of the bankrupt team.

  • August 18, 2011

    Fred Perry Says Lands' End Copied Trademark Wreath

    U.K. clothing company Fred Perry Holdings Ltd. slapped Lands' End Inc. with a lawsuit Thursday in Illinois federal court, claiming the American clothing brand violated the terms of a 1998 agreement by using Fred Perry's trademark wreath image on its garments.

  • August 18, 2011

    Creditor Says Rapper DMX Should 'Stop Being Greedy'

    Rapper DMX should hand over any winnings from his pending royalty suit against copyright administrator Rich Kid Entertainment to satisfy a 2007 breach of contract judgment against him, clothing maker Amusing Diversions Inc. told a New York judge Thursday.

  • August 18, 2011

    NYBOT Member Wins Stock In ICE Merger Agreement Suit

    The Delaware Supreme Court ruled Tuesday that a member of the former Board of Trade of the City of New York Inc. was entitled to stock in a new exchange created after its merger with IntercontinentalExchange Inc., as outlined in the merger agreement.

  • August 18, 2011

    KVK Accuses Sunrise Of Stealing Employees, Trade Secrets

    Pharmaceutical company KVK-Tech Inc. sued generic-drug maker Sunrise Pharmaceutical Inc. in New Jersey federal court on Wednesday, claiming its rival had induced three former KVK employees to steal trade secrets and join Sunrise.

  • August 18, 2011

    Judge OKs Class Cert. In First American Fee Suit

    A California state judge on Wednesday approved a class of residential property owners who claim First American Title Insurance Co. overcharged them for a loan policy that was classified incorrectly with the state's insurance department.

  • August 18, 2011

    'Diners, Drive-Ins' Co. Settles Food Network Contract Spat

    Former “Diners, Drive-ins and Dives” producer Page Television & Video Productions Inc. resolved a dispute in Minnesota with Television Food Network GP involving claims of breach of contract and intolerable working conditions, an attorney for the network announced Thursday.

  • August 18, 2011

    Jury To Weigh Zappa ITunes Copyright Claims

    A New York federal judge on Wednesday declined to settle two major issues in a copyright infringement suit between rock legend Frank Zappa’s estate and a Warner Music Group subsidiary, saying a jury should decide who owns several original recordings from the Zappa catalog and whether a 1994 agreement allows Warner to distribute Zappa's music on iTunes.