Commercial Contracts

  • November 29, 2011

    Economic Woes To Spur More Hotel Contract Disputes

    With the hospitality industry still struggling to recover from the economic downturn, we can expect to see more clashes over management agreements between hotel owners and the branded operators responsible for running the hotels, experts say.

  • November 29, 2011

    IP Firm Sues Innovention Over Laser Game Suit Fees

    Intellectual property firm Lando & Anastasi LLP on Tuesday hit its former client, board game maker Innovention Toys LLC, with a Massachusetts lawsuit seeking more than $500,000 in unpaid legal fees.

  • November 29, 2011

    Judge Unites Oppenheimer Suits Over $2.5B In Loans

    A New York state judge consolidated two cases Tuesday seeking the return of more than $2.5 billion that OppenheimerFunds Inc. and several affiliates borrowed to invest in mortgage-backed securities and other investments because they didn't meet certain preconditions for loans.

  • November 29, 2011

    NBA Players End Antitrust Class Action

    A class of NBA players on Tuesday dropped their putative antitrust class action against the league in Minnesota federal court following Saturday's resolution of a gameplay lockout that had threatened to derail the entire basketball season.

  • November 29, 2011

    Dean Antitrust Claims Skimmed From Distributor’s Suit

    A Wisconsin federal judge on Monday tossed most of a suit brought by an Illinois-based dairy distributor against milk products giant Dean Foods Co., finding little basis for the distributor’s antitrust claims.

  • November 29, 2011

    Burberry Says NY Landlord Fraudulently Spiked Rent

    Fashion house Burberry Ltd. sued the landlord of one of its New York stores on Friday for allegedly using a minor problem with the building's sprinkler and fire alarm system to nearly double the retailer's $1.2 million annual rent and threaten eviction.

  • November 29, 2011

    Soaring Labor Costs Clip American’s Wings

    After allowing its labor costs to balloon over the past decade while its competitors streamlined in Chapter 11, American Airlines Inc. now faces the thankless task of tearing down those expensive employment agreements in hopes of emerging a more competitive carrier, attorneys say.

  • November 28, 2011

    Fla. App Maker Says Zynga Stole Trade Secrets

    Florida-based app developer Hob Knob LLC sued Zynga Inc. on Wednesday claiming the social networking games maker breached a nondisclosure agreement and stole Hob Knob's trade secrets to develop its new “Zynga Direct” distribution service.

  • November 28, 2011

    Santander's Contract Suit Against Ex-Execs Axed

    A Florida federal judge on Monday tossed Banco Santander International's suit claiming a former executive left to start a competing investment firm and took other executives with him in violation of employment contracts, ruling that the court didn't have jurisdiction over the suit.

  • November 28, 2011

    TD Bank Caused NY High-Rise Builders' Ch. 11: Suit

    The builders of a residential high-rise in midtown New York launched a suit Saturday claiming TD Bank NA sold their $81 million loan to a third party without giving them a chance to bid on it, pushing their company into Chapter 11 bankruptcy.

  • November 28, 2011

    Court Upholds Landowner's $57.5M Award In Lease Suit

    A Texas appeals court on Wednesday upheld a jury's decision to award $57.5 million in damages to Keystone-Texas Property Holding Corp. in a case originally accusing the company of breaching a lease when it sold a San Antonio property to a third party.

  • November 28, 2011

    CGI Planned To Defraud HUD, Fired Manager Says

    A former employee of CGI Group Inc. sued the Canadian consulting firm for $1.4 million in New York on Monday, alleging he was fired because he spoke out against CGI's proposed contracting scheme to defraud the U.S. Department of Housing and Urban Development.

  • November 28, 2011

    Lehman Unit Says AG Financial Owes $1.4B Contract Fee

    A European subsidiary of bankrupt Lehman Brothers Holdings Inc. sued AG Financial Products Inc. in New York state court Monday for allegedly breaching a contract for securities transactions by improperly calculating a termination amount far less than the $1.4 billion it claims it is owed.

  • November 28, 2011

    Victoria's Secret Sheds 'Angel Dreams' Trademark Suit

    A California federal judge on Monday threw out a lawsuit by Airs Aromatics LLC claiming that Victoria’s Secret Stores Brand Management Inc. breached a trademark licensing agreement when it stopped paying to use the mark “Angel Dreams” for personal care products.

  • November 28, 2011

    Dodgers Rip Fox For Disrupting Bidding On TV Rights

    The Los Angeles Dodgers LLC blasted its Fox Sports broadcasting affiliate on Monday, saying the media partner is attempting to stifle bidding for the team’s coveted television rights in order to renew its contract at a bargain.

  • November 28, 2011

    Costner Must Yield Texts In Venture Fight Over BP Deal

    A Louisiana federal judge on Monday ordered Kevin Costner and his business partners to surrender text messages to Stephen Baldwin and another investor who claim they were duped into selling their interest in an oil cleanup company while completing a $52 million purchase order with BP PLC.

  • November 28, 2011

    Facebook Takes Responsibility For Merck Mix-Up

    Facebook Inc. apologized Monday for the confusion involving the Internet address for Merck KGaA's profile page that led the German drugmaker to take the social network to court over claims that the site linked to unaffiliated American rival Merck & Co. Inc.

  • November 28, 2011

    Verizon Customers Bring Rate Hike Suit To Supreme Court

    Verizon Wireless customers asked the U.S. Supreme Court last week to overturn a Third Circuit ruling that the mobile network operator could force the consumers to individually arbitrate a contract dispute over allegedly unlawful rate increases because they signed class arbitration waivers.

  • November 28, 2011

    Calif. Court Affirms Novellus Win In Linear Contract Fight

    A California appeals court has upheld a decision granting more than $5 million in attorneys' fees to semiconductor manufacturer Novellus Systems Inc., affirming a defeat for microchip maker Linear Technology Corp. in a nearly decadelong infringement and contract suit, Novellus said Monday.

  • November 28, 2011

    Supreme Court Won't Butt Into Tobacco Settlement Case

    The U.S. Supreme Court on Monday rejected General Tobacco's request that it review a refusal by Arkansas' highest court to stay a dispute over the 1998 master settlement agreement between states and tobacco companies in favor of arbitration.