Commercial Contracts

  • November 23, 2011

    Merck KGaA Accuses Merck & Co. Of Facebook Ambush

    German drugmaker Merck KGaA told a New York state judge on Monday that its Facebook page had been taken over by unaffiliated American rival Merck & Co. Inc., and asked the court to force Facebook Inc. to explain what happened.

  • November 23, 2011

    2nd Circ. Asked To Boot Clear Channel Antitrust Suit

    Clear Channel Communications Inc. and Live Nation Entertainment Inc. want the Second Circuit to uphold the dismissal of a suit claiming they schemed with law firm Cowan Liebowitz & Latman PC to misappropriate a confidential business model and use it to lock out rivals, according to a brief refiled Tuesday.

  • November 23, 2011

    Willkie Farr Kicked From Extended Stay Loan Case

    A New York state judge on Tuesday disqualified Willkie Farr & Gallagher LLP from representing Bank of America Corp. in a suit accusing the financial giant of conspiring with bankrupt Extended Stay Hotels Inc. to cut junior lenders out of cash flowing from $7.4 billion in loans.

  • November 23, 2011

    Trump Hotel, Vegas Condo Buyers Settle Securities Action

    A Nevada federal judge on Tuesday signed off on a settlement between the owners of the Trump International Hotel in Las Vegas and a proposed class of condo buyers in the 64-story building who alleged their purchase agreements were actually investment securities.

  • November 22, 2011

    Mogul Ted Field Says Film Co. Stolen In Takeover Plot

    Movie mogul Frederick "Ted" Field on Friday accused a group of former associates of hatching an elaborate scheme to take over his film production company Radar Pictures Inc. and force it into bankruptcy in a multimillion-dollar California state lawsuit.

  • November 22, 2011

    Champion Boxer Socks Don King With Contract Suit

    A champion featherweight pro boxer on Tuesday sued flamboyant fight promoter Don King for allegedly duping him into a contract that left him unfairly sidelined.

  • November 22, 2011

    Real Estate Investor Wants Bankrupt Partner Ousted

    Real estate investor M. Myers Mermel filed a New York state court lawsuit Tuesday alleging that because his partner in real estate venture SBE 48 Management LLC suffered a $100 million bankruptcy, their business contract entitles Mermel to control of the company.

  • November 22, 2011

    First California Suffers Setback In $275M Loan Suit

    A California judge on Tuesday refused First California Bank’s request for a judicial win on its claim that Commerzbank AG breached a contract by failing to cough up FCB’s share of $17.8 million in prepayments made to a $275 million film production credit facility.

  • November 22, 2011

    Capitol Records Sued For 'Alvin And The Chipmunks' Cash

    The owner of the rights to Alvin and the Chipmunks hit EMI’s Capitol Records with a suit on Friday accusing the Los Angeles-based record label of cheating it out of royalties from the furry cartoon singers.

  • November 22, 2011

    Energy Co. Alstrom Fined $43M In Swiss Bribery Probe

    Swiss prosecutors on Tuesday dropped their investigation into whether power company Alstrom SA bribed foreign officials to win contracts and ordered the company to pay 39 million Swiss francs ($42.7 million) in fines and compensation for corporate negligence.

  • November 22, 2011

    Allied Health Founder Gets 16 Years For $87M Fraud

    Bankrupt medical equipment manufacturer Allied Health Care Services Inc.'s founder was sentenced Tuesday in New Jersey to more than 16 years in prison for orchestrating a fictitious lease scheme that defrauded more than 50 financial institutions out of $87 million.

  • November 22, 2011

    Oak Investment, Gobi Push For $60M VisionChina Payout

    Private equity firms Oak Investment Partners and Gobi Partners Inc. asked a New York state judge Monday to compel Chinese digital advertising company VisionChina Media Inc. to pay $60 million they say it owes for the 2010 purchase of rival Digital Media Group.

  • November 21, 2011

    NBA Players' Antitrust Actions Consolidated In Minn.

    NBA players suing the association over alleged antitrust violations consolidated their two class actions on Monday, withdrawing their complaint from a California federal court and adding the names that were on it to the Minnesota case.

  • November 21, 2011

    Calif. High Court Advises 9th Circ. On Implied Contracts

    The California Supreme Court ruled Monday that an implied contract may bind a California county under state law unless a statute or ordinance bars such an arrangement, handing a possible win to a group of retired county workers in a Ninth Circuit spat over health benefits.

  • November 21, 2011

    Ex-Broker Sues CBRE For $24M Over MetLife Commissions

    An ex-CBRE Group Inc. real estate broker hit his former company with a $24 million lawsuit Monday claiming he has been deprived of millions in commissions connected to client MetLife Inc. in breach of his employment contract.

  • November 21, 2011

    Wachovia Mortgage Holders Sue Realty Firm For $164.5M

    Holders of commercial mortgage loans issued by a Wachovia Corp. entity on Friday sued BRCP Realty II LP in New York state for a total of $164.5 million for not paying back the financing and misusing property income.

  • November 21, 2011

    Estrella Settles $7M Suit Over Adviser's Loan Commission

    A New York federal judge on Monday dismissed a $6.7 million lawsuit brought by a financial advisory firm that claimed oilfield services company Estrella International Energy Services Ltd. reneged on a commission owed for securing a loan from Credit Suisse Group AG after both sides reached a settlement.

  • November 21, 2011

    MTV Snookered Real ‘Jersey Shore’ Creator: Suit

    MTV Networks Enterprises Inc. was hit with a breach of contract suit earlier this month by a California man claiming the cable network stole his idea for the hit reality television show “Jersey Shore.”

  • November 21, 2011

    Construction Co. Owner, 6 Others Deny Billing Scam

    The majority owner of defunct general contractor Krahl Construction and six others pled not guilty Monday in Illinois federal court to taking part in a sham billing and kickback scheme that allegedly cost two Krahl clients nearly $10 million.

  • November 21, 2011

    Indicted CDR Exec Can't Ditch Law Firm's Fee Suit

    A Rubin/Chambers Dunhill Insurance Services Inc. executive charged with bid-rigging and market manipulation on Friday lost his bid to have his former defense attorneys' lawsuit seeking fees dismissed while the fee dispute makes its way through mediation.