Commercial Contracts

  • October 3, 2011

    Top Court Boots Petrobras Immunity Claims In $787M Suit

    The U.S. Supreme Court declined Monday to take on Petroleo Brasileiro SA's case asserting that Transcor Astra Group SA cannot bring a $787 million contract suit against Petrobras in the U.S. because the oil giant is controlled by the Brazilian government.

  • October 3, 2011

    Mylan Can't Get Top Court Review Of $76M Antitrust Ruling

    The U.S. Supreme Court on Monday declined to hear Mylan Laboratories Inc.'s appeal of a $76 million antitrust verdict over licensing agreements for anti-anxiety medications based on Mylan's claims that the insurance company plaintiffs could not establish subject matter jurisdiction.

  • October 3, 2011

    Body Scan Co. Hit With Class Suit Over Shady Contracts

    Medical imaging company Heart Check America Inc. was slapped with a putative class action in Illinois on Thursday alleging that it lured consumers into deceptive, long-term contracts for unauthorized medical services before boarding up its operations in the state.

  • October 3, 2011

    Hendrix Estate Says Universal Bilked It Out Of Royalties

    The family of the late rock legend Jimi Hendrix launched a suit against Universal Music Group in a New York court on Thursday, alleging the record company cheated the estate out of royalties by distorting its sales of Hendrix's music.

  • October 3, 2011

    Lender Says Movie Producer Lied About $15M Loan

    A film producer and owner of an electronic funds transfer service was sued Thursday in California by a onetime business associate who claims his former friend failed to pay back a $15 million loan after blowing the money on a botched film project.

  • September 30, 2011

    Hedge Fund VCG To Pay Wachovia $2.1M In Swap Suit

    A New York federal judge on Thursday ordered VCG Special Opportunities Master Fund Ltd. to pay Wachovia Bank NA $2.1 million, a year after dismissing the final claim in the hedge fund's suit against the bank over a credit default swap deal.

  • September 30, 2011

    Motley Crue Sued Again Over Copyrighted Photos

    Motley Crue was sued again Monday in Illinois federal court by a photographer who claims the heavy metal band misused copyrighted images of its members.

  • September 30, 2011

    Gas Co. Can't Nix Suit Over $515M Reserves Sale

    A New York federal judge on Thursday denied Falcon Gas Storage Co. Inc.’s bid to toss a suit brought by Tide Natural Gas Storage I LP alleging Falcon's $515 million sale of two natural gas reserves to Tide was overpriced.

  • September 30, 2011

    Deschanel’s $1.5M Kohl's, Madden Shoe Fight Has Legs

    A California judge on Friday tentatively ruled in favor of actress Zooey Deschanel in her fight with shoemaker Steve Madden Ltd. and Kohl's Department Stores Inc., indicating he would not toss claims accusing the companies of breaching a $1.5 million endorsement agreement and violating Deschanel's publicity rights.

  • September 30, 2011

    Judge Clears $6M DIP Loan To Fund Graceway Ch. 11 Sale

    A Delaware bankruptcy judge on Friday cleared Graceway Pharmaceuticals LLC to borrow $6 million from an affiliate and use its lenders’ cash collateral to fund the proposed sale of the company’s assets, including intellectual property rights and vendor contracts, to Galderma Pharma SA.

  • September 30, 2011

    Ex-Bowie Manager Under Pressure In Copyright Suit

    Capitol Records LLC and EMI Music Inc. on Wednesday accused former David Bowie manager Anthony Defries in New York federal court of distributing the rock star's copyrighted tracks despite signing contracts that handed over his rights to the songs years ago.

  • September 30, 2011

    CVS Caremark Says Rival SXC Lured Away Workers

    CVS Caremark Corp. on Thursday filed a contract and trade secrets suit against competitor SXC Health Solutions Inc. and four ex-employees who left to work for SXC, accusing the company of raiding CVS Caremark's employee pool and violating a prior settlement agreement.

  • September 29, 2011

    Ex-Katt Worldwide CEO Stole Secrets For New Cos.: Suit

    Katt Worldwide Logistics Inc. sued its former CEO in Delaware state court Thursday for allegedly beaching a noncompete agreement and misappropriating trade secrets by expanding his new ventures into the transportation and warehousing company’s realm of operations.

  • September 29, 2011

    Licensing Group Shorts Smaller Radio Stations: Suit

    Radio station operator Spanish Broadcasting System Inc. on Wednesday sued the Radio Music License Committee, accusing the broadcast rights negotiator of violating its fiduciary duty to SBS and other small radio stations by unfairly giving better licensing deals to larger stations.

  • September 30, 2011

    CORRECTED: Insurer, Contractors Drop Chinese Drywall Coverage Suit

    Mid-Continent Casualty Co. and subcontractors of Lennar Corp. on Wednesday ageed to drop a lawsuit the insurer had lodged seeking to limit its liability for costs stemming from a Lennar suit that alleged the subcontractors installed faulty Chinese drywall in its Florida real estate developments. (A previously published version of this article incorrectly stated that the parties had reached a settlement. The error has been corrected.)

  • September 29, 2011

    Hooters Hits Restaurant Rival With Trade Secrets Suit

    Hooters of America LLC on Wednesday launched a suit in Georgia accusing a former executive of ripping off its trade secrets to help rival chain Twin Peaks Restaurants’ aggressive plans to expand in Atlanta and throughout the U.S.

  • September 29, 2011

    EA Can’t Sack Programmer’s 'Madden NFL' Royalty Suit

    A California federal judge on Tuesday refused to dismiss a suit against Electronic Arts Inc. brought by the original programmer of its “Madden NFL” video game series, who claims EA breached a contract by using his copyrighted code in later versions of the game.

  • September 29, 2011

    Anthem Blue Cross Billing Policy Broke Contracts: Suit

    A California woman on Tuesday slapped Anthem Blue Cross with a proposed class action accusing the insurer of violating customer contracts and state laws by charging unlawful fees and abruptly canceling thousands of health insurance policies.

  • September 28, 2011

    Microsoft, Samsung Ink Smartphone Patent Licensing Deal

    Microsoft Corp. announced Wednesday that it had entered into a cross-licensing agreement with smartphone maker Samsung Electronics Co. Ltd. that allows Samsung to sell Android operating system-based smartphones without fear of patent infringement allegations from the software maker.

  • September 28, 2011

    Debevoise Reps Drugmaker Galderma In Graceway Buy

    Dermatological drugmaker Galderma Pharma SA reached a deal Wednesday to buy almost all the U.S. and Canadian assets of Graceway Pharmaceuticals LLC, including intellectual property rights and vendor contracts, in a bankruptcy-assisted sale, according to Graceway.