Commercial Contracts

  • November 1, 2012

    Steelers To Sue Stadium Operator Over Heinz Field Expansion

    The Pittsburgh Steelers plan to sue a municipal sports agency for breach of contract after the two sides were unable to agree on the agency's share of a planned $40 million upgrade of the Steelers' Heinz Field, according to a court filing Tuesday.

  • November 1, 2012

    Apple Says Motorola Patents Only Worth $1 Per IPhone

    Apple Inc. said Wednesday that it's willing to pay no more than $1 per iPhone sold to license Google Inc. subsidiary Motorola Mobility Inc.'s standard-essential wireless patents, provided a Wisconsin federal judge rules that Motorola breached a contractual obligation to license them on fair and reasonable terms.

  • November 1, 2012

    Calif. Arbitration Rule Preempted, US Chamber Tells 9th Circ.

    The U.S. Chamber of Commerce has urged the Ninth Circuit to uphold a decision that KeyBank NA could compel arbitration with a group of students over the terms of their loans, saying federal law preempts a California rule requiring certain arbitration claims to be heard in court.

  • October 31, 2012

    Occidental Skirts $10.5M Award In Texas Royalties Row

    A Texas appellate court on Wednesday reversed a $10.5 million judgment against Occidental Permian Ltd. and rendered a take-nothing judgment against West Texas landowners who said they were underpaid royalties, setting new precedent for how courts treat an alternative method of producing oil.

  • October 31, 2012

    Energy Cos. Pay $12M To End Suit Over Mineral Purchase Pact

    A Texas appeals court on Monday dismissed an appeal by EXCO Operating Co. LP and BG US Production Co. LLC, after they reached a $12.1 million settlement in Cubic Energy Inc.'s suit claiming they refused to honor a mineral interest purchase agreement.

  • October 31, 2012

    Ceglia Can't Bar Facebook Doc Expert's Report

    The man who has accused Facebook Inc. founder Mark Zuckerberg of breaking a deal to give him half of the company, and who now faces criminal charges for allegedly forging evidence, can't toss a report by the social network's forensic document examiner, a New York federal judge ruled Wednesday.

  • October 31, 2012

    Del. Chancery Won't Send Arbitration Dispute To High Court

    A Delaware Court of Chancery judge declined to certify an interlocutory appeal request Wednesday to the state Supreme Court over an arbitration dispute between two rare coin depository companies and an Israeli bank that alleges the companies wrongly transferred collateral tied to a loan.

  • October 31, 2012

    Ex-Dragon Execs' Contract Suit Against Goldman Left Intact

    A Massachusetts federal judge denied dueling summary judgment bids Wednesday in a lawsuit two former Dragon Systems Inc. executives filed saying Goldman Sachs Group Inc. breached its contract with the company by directing it to merge with a fraud-ridden company.

  • October 31, 2012

    FERC Agrees To Reconsider Kinder Request For Rate Hike

    The Federal Energy Regulatory Commission on Wednesday said it would consider rehearing Kinder Morgan's case for increasing rates for its Trailblazer pipeline, which the agency initially rejected over concerns that the hike would have upended a previous price agreement with gas shippers.

  • October 31, 2012

    FERC To Revisit Ruling In Exelon, Xcel Tariff Row

    The Federal Energy Regulatory Commission agreed Wednesday to rehear arguments over its August ruling that found that a Texas regulator was wrong to allow an Xcel Energy Services Inc. unit to alter a tariff agreement with several Exelon Corp. units.

  • October 31, 2012

    6th Circ. Lets Philips Off Hook In Retiree Benefits Dispute

    The Sixth Circuit said Wednesday that a Koninklijke Philips Electronics NV unit hadn't violated a collective bargaining agreement by refusing to provide a putative class of retirees lifetime health insurance, finding there was nothing in the contract granting the benefits.

  • October 31, 2012

    Auto Parts Co. Escapes Chrysler Defect Indemnity Suit

    An Oklahoma federal judge on Wednesday tossed a suit seeking to force an auto parts maker to indemnify DaimlerChrysler Corp. in a putative vehicle defect class action that has been stayed by a bankruptcy court, ruling TRW Automotive US LLC’s obligation does not yet exist.

  • October 31, 2012

    JPMorgan, BNY Suit Over $36M Hospital Bonds Trimmed

    A Pennsylvania federal judge on Wednesday pared negligence claims from a class action accusing JP Morgan Trust Co. NA and Bank of New York Mellon Trust Co. of improperly handling $36 million in hospital bonds, saying the case could continue with breach of contract and other claims.

  • October 31, 2012

    Eckert Seamans Adds M&A Partner From Pietragallo

    Eckert Seamans Cherin & Mellott LLC has landed a partner from Pietragallo Gordon Alfano Bosick & Raspanti LLP, specializing in mergers and acquisitions as well as sports and entertainment law, for its Pittsburgh headquarters, the firm announced Wednesday.

  • October 31, 2012

    National Penn Says It Owes Cushman No Commission

    National Penn Bank lashed out at Cushman & Wakefield of Pennsylvania Inc. on Monday, saying it did not owe the real estate broker $500,000 in commission for the sale of a Berks County, Pa., office building in 2011 because the two were bound by no contract at the time.

  • October 31, 2012

    Citi Unit Gets Win In Loan Sale Dispute With Mortgage Co.

    A Missouri federal judge ruled Tuesday that mortgage company Mason Dixon Funding Inc. violated its contracts with CitiMortgage Inc. by refusing to repurchase 19 defaulted mortgage loans that CitiMortgage claimed were issued in violation of Mason's underwriting guidelines.

  • October 31, 2012

    Judge Tosses Suit Over Wells Fargo Force-Placed Insurance

    A California federal judge on Tuesday dismissed a putative class action accusing Wells Fargo & Co. of receiving kickbacks as part of a scheme to force mortgage borrowers to maintain excessive flood insurance on their homes, but allowed the plaintiffs to amend some of their claims.

  • October 31, 2012

    Welk Resorts Beats Mold Class Action

    A California federal judge on Tuesday tossed a putative class action claiming Welk Resort San Diego allowed mold to grow in its rooms, saying the plaintiff could not sufficiently demonstrate that his "Platinum Points" time share currency lost value as a result.

  • October 30, 2012

    Calif. Court Rejects Sprint’s Arbitration Bid In Fees Suit

    A California appeals court on Monday affirmed the denial of a bid by a Sprint Nextel Corp. unit to compel individual arbitration of class claims alleging it improperly charged early termination fees in light of the U.S. Supreme Court’s AT&T Mobility LLC v. Concepcion decision, finding a lower court on remand was restricted to reviewing issues that didn't include arbitration.

  • October 30, 2012

    Fisker Fights A123's Bid To Terminate Battery Contract

    Fisker Automotive Inc. on Tuesday protested A123 Systems Inc.'s request to reject its contract with the electric car company, saying the groundless motion would hurt Fisker while burdening the bankrupt battery maker's estate with a claim that could top $100 million.