Middle East and U.K. hotel developer Orascom Development Holding AG announced Monday that it has settled a long-running dispute, over an allegedly botched Egyptian hotel acquisition deal, that will put $48 million back on Orascom's books and give the company revenue rights to the hotel.
The Republic of Argentina on Monday asked a New York federal judge, in its dispute with investment firms over $1.5 billion in government bonds, to suspend rulings that dictate how the country must repay bondholders, so it can engage in settlement talks.
A legal recruiter asked the Texas Supreme Court on Thursday to reinstate a suit accusing a former employee of violating his employment agreement by trashing the company online, arguing a state law protecting free speech does not apply to the litigation.
Real estate holding company Corona Summit LLC hit Cox Castle Nicholson LLP with a $15 million professional negligence suit Friday in California court, accusing the firm of botching a $68 million sale that left Corona with limited options when the buyer backed out.
The California Supreme Court ruled Monday that arbitration agreements with mandatory class waivers are generally enforceable in light of the landmark Concepcion ruling from the nation's highest court, but carved out an exception by stating that Private Attorneys General Act claims can't be waived.
A California judge on Friday trimmed a class action alleging Marriott International Inc. stiffs its housekeepers by forcing them to work through rest breaks, dismissing claims of wage statement and other violations because the plaintiff couldn't show she herself received delayed final wages.
The Ninth Circuit revived customers' proposed class action alleging United Parcel Service Inc. charges more-expensive air delivery rates for packages actually transported by ground, holding Friday that the lower court erred by ruling on the merits of UPS’ dismissal motions without first making a choice-of-law finding.
Attorneys for the Abu Dhabi Investment Authority continued a bid to revive their case over an arbitration ruling in favor of Citigroup Inc. that stemmed from a failed $7.5 billion investment deal, taking the case to the U.S. Supreme Court on Tuesday.
Royal Park Investments SA/NV hit Deutsche Bank National Trust Co. with a putative class action Wednesday amid a flurry of suits by investors including BlackRock Inc. against bond trustees tasked with overseeing residential mortgage-backed securities, alleging the bank failed to mitigate $3.1 billion in bond losses.
RG Steel LLC and Severstal US Holdings LLC have agreed to make peace and put aside years of legal wrangling, reaching a settlement Thursday that would see bankrupt RG Steel bring in $30 million and give Severstal its stake in a coke-producing joint venture.
A Hollywood producer behind the 2009 Luke Wilson film "Middle Men" was hit with an $12 million judgment in California court Friday for failing to uphold his settlement with Fire Glow Holding Inc., which alleged he lied about his net worth to obtain a loan to finance films.
Fage Dairy Processing SA and Chobani LLC were hit with two similar putative class actions on Thursday in New York federal court alleging the companies deceptively market sugar-laden yogurt as healthy by prominently including “0 percent” on the product's packaging.
Four Seasons Hotel Limited has agreed to settle a Florida federal lawsuit brought by Begualg Investment Management alleging it made a bogus promise to get the firm to buy $4 million worth of condominium hotel units, according to court documents filed Friday.
The Eighth Circuit on Friday revived the NFL Players Association’s claims that the league and team owners conspired to set a secret $123 million salary cap during the uncapped 2010 year, ruling that the players should be allowed to proceed with their suit alleging a settlement with the league was fraudulently obtained.
The Texas Supreme Court on Friday ruled that an oil and gas production company has the right of access across land that is a part of a pooled drilling unit regardless of which part of the acreage oil and gas is being produced from.
The Texas Supreme Court on Friday threw out a $26.4 million award entered in a battle between the buyers and sellers of a group of insurance companies, saying the American Arbitration Association circumvented the parties’ arbitration agreement when it disqualified an allegedly biased panel candidate.
A Pennsylvania federal judge agreed on Thursday that a lack of diversity jurisdiction left the Philadelphia County Court of Common Pleas as the proper forum for a dispute between the defunct WolfBlock LLP and its insurer over coverage for a former partner’s $400,000 severance package.
A California appeals court rejected a challenge Tuesday to a decision compelling arbitration in a proposed wage class action against California Bank & Trust, leaving intact a ruling that said precedent holding arbitration pact “delegation clauses” unconscionable didn't survive the U.S. Supreme Court's Concepcion decision.
A California judge on Thursday sent to arbitration a Sprint Corp. subscriber's invasion of privacy suit alleging nude photos taken with a smartphone she returned to the carrier later appeared on Facebook, ruling the arbitration provision in her contract with Sprint covers the dispute.
Zipcar Inc. on Wednesday urged the Second Circuit to deny a bid to revive a putative consumer class action accusing the company of improperly charging damage fees, saying the suit is basing its claim on a New York business law provision that only the state’s attorney general can enforce.