Commercial Contracts

  • May 11, 2012

    Fox Slams Claims It Lifted Idea For 'Lie To Me' TV Series

    Twentieth Century Fox Television urged a California judge Friday to toss John Gertz Productions' breach of contract suit alleging the studio stole its idea for the television show 'Lie To Me,' arguing the show's creator independently developed the show with producer Brian Grazer.

  • May 11, 2012

    Reorganized Del. Diocese To Fund $64M Laity Pension Plan

    The reorganized Catholic Diocese of Wilmington received approval from a Delaware bankruptcy judge Wednesday for a contract solidifying the diocese's commitment to fully fund its lay employees' $64 million pension plan.

  • May 11, 2012

    Ace Stripped Reinsurance Unit Before $1B Sale, Suit Says

    Randall & Quilter Investment Holdings PLC on Thursday accused insurance giant Ace Group and subsidiaries of stripping a reinsurance unit of key assets and loading it with concealed liabilities before selling it to R&Q in a $1 billion deal, breaching their purchase agreement.

  • May 11, 2012

    Paramount Tells 'Godfather' Estate To Take Book, Leave Profits

    Paramount Pictures Corp. on Friday told a New York federal judge it would allow the estate of "The Godfather" author Mario Puzo to publish a new sequel if it puts profits in escrow while the parties work out a long-running contract and trademark dispute.

  • May 11, 2012

    Abbott Loses Blood Test Patent Row With Epocal

    An Alabama federal jury has shot down Abbott Point of Care Inc.'s allegations of patent infringement and contract interference over a bedside blood testing system developed by rival Epocal Inc., that company's attorneys said Friday.

  • May 11, 2012

    Bankruptcy Judge Won't Let Capitol Pull Plug On Customers

    A Delaware bankruptcy judge cleared Capitol Infrastructure LLC on Thursday to reject hundreds of telecommunications contracts, but vowed to protect consumers from an immediate cutoff of their phone and Internet services.

  • May 10, 2012

    Mitsubishi Unit Must Pay $124M For Broken Nondisclosure Pact

    A California jury awarded Grail Semiconductor Inc. almost $124 million Thursday after finding Mitsubishi Electric & Electronics USA Inc. broke a 2001 nondisclosure agreement involving a design for computer memory chips that's also the subject of a pending patent suit.

  • May 10, 2012

    Bryan Cave Can’t Shake Suit Over Privileged Info Use

    A California judge indicated Thursday that a marketing company’s suit accusing a former Bryan Cave LLP attorney of using privileged information to sue the company on behalf of another client could proceed despite the firm’s claim the suit is time-barred, attorneys said.

  • May 10, 2012

    Former Raytheon Unit Gets $3.5M Judgment Overturned

    A Texas appeals court has overturned Boccard USA Corp.'s $3.5 million jury verdict against Raytheon Co. over a contract dispute involving an African methanol plant, ruling Thursday that only a former Raytheon subsidiary's bankruptcy estate had standing to sue Raytheon as the subsidiary's alter ego.

  • May 10, 2012

    Judge Rules A&P Can Keep NJ Storefront Dark

    A New York district court judge on Thursday upheld a bankruptcy judge's July 2011 decision allowing grocery store owner Great Atlantic & Pacific Tea Co. to hold onto a lease for an unused commercial space in a New Jersey shopping center.

  • May 10, 2012

    Bankrupt NJ Developer Sues Partner Over 'Invalid' Deed

    Bankrupt New Jersey real estate development group Liberty Harbor Holding LLC hit a former business partner with an adversary suit Thursday, claiming a deed the partner purports to hold on a joint development is not valid.

  • May 10, 2012

    Wells Fargo Gets Loan Deception Claims Trimmed

    A California federal judge trimmed a putative class action Wednesday accusing Wells Fargo Bank NA of deceptively promising to modify problem mortgages before foreclosing on properties, finding the homeowner plaintiffs failed to allege adequate damages but allowing them to amend their complaint.

  • May 10, 2012

    PBGC Urges Teamsters, Hostess To Mind ERISA In Deal

    The Pension Benefit Guaranty Corporation on Wednesday weighed in on the Teamsters union's proposal for an agreement with Hostess Brands Inc. in New York bankruptcy court, saying the proposed deal's pension provisions are permissible as long as they comply with labor laws.

  • May 10, 2012

    Bankrupt Tennis Line Prince Scores $15M Licensing Deal

    Bankrupt Prince Sports Inc. agreed Wednesday to license its iconic brands to Battle Sports Science LLC in a deal that will return at least $15 million to the ailing tennis equipment supplier and keep it in the game for the upcoming season.

  • May 10, 2012

    Universal Says Producer's Suit Over Profits Comes Too Late

    Universal City Studios Productions on Thursday urged a California judge to shoot down "Battlestar Galactica" creator Glen Larson's request for production documents from shows he oversaw in the 1970s and '80s, arguing his lawsuit claiming the studio bilked him of millions in profits is time-barred.

  • May 9, 2012

    Sens. Rip Napa Valley Army Project As 'Tax Dollar Sinkhole'

    Sens. John McCain, R-Ariz., and Tom Coburn, R-Okla., criticized the U.S. Army Corps of Engineers on Wednesday for failing to request competitive bids for a flood control project involving the Napa Valley Wine Train that reportedly led costs to balloon to $79.2 million, calling the project a tax dollar sinkhole.

  • May 9, 2012

    DirecTV Denies Blame For Capitol Infrastructure Ch. 11

    Satellite cable provider DirecTV on Wednesday denied that its termination of a contract with Capitol Infrastructure LLC had pushed the company into bankruptcy, blasting the debtors’ bid to quickly shut down much of their operations.

  • May 9, 2012

    Toshiba Gets $315M Generator Contract For Indian Plant

    Japan's Toshiba Corp. landed a $315 million contract to provide two 660-megawatt steam turbines and generators for the Kudgi Super Thermal Power Plant, a 4,000-MW project in northern India, according to an announcement Wednesday.

  • May 9, 2012

    NYC Building's $80M Upgrade Didn't Break Lease, Court Says

    A new $80 million glass facade and renovation to a 26-story midtown Manhattan office building wasn't a structural change that would cancel the building's lease, a New York state appeals court ruled Tuesday.

  • May 9, 2012

    Contractor Admits Role In $23M Iraq Kickbacks Scheme

    A former defense contractor involved in a $23 million scheme to manipulate U.S. Army contracts in Iraq pled guilty in Alabama federal court Tuesday to conspiring to commit mail and wire fraud and filing a false tax return.