Investment bank and broker-dealer Wedbush Securities Inc. sued two former employees and their new employer, competitor Liquidnet Holdings Inc., on Thursday in New York, accusing them of breach of contract, trade secrets theft and unfair competition.
Nomir Medical Technologies Inc. on Thursday resolved a patent malpractice and contract dispute with McDermott Will & Emery LLP that had accused three of the firm’s attorneys of missing patent filing deadlines and costing the medical device maker at least $143 million.
A Virginia federal judge on Wednesday preserved most claims in C.L. Ritter Lumber Co. Inc.'s $380 million breach of contract suit against Consolidation Coal Co. and others over billions of gallons of polluted water allegedly dumped into two coal mines.
Up to 28,000 borrowers who claim JPMorgan Chase Bank NA duped them into paying higher interest rates on their adjustable-rate mortgages can move forward as a class, but only on certain claims, a California federal judge ruled Wednesday.
Lehman Brothers Special Financing Inc. hit BNY Mellon Corporate Trustee Services Ltd. with an adversary suit Tuesday, claiming the failed bank was deprived of property interest as a result of allegedly illegal provisions in a derivatives transaction agreement.
A Delaware bankruptcy judge signed off Wednesday on a bid by the Los Angeles Dodgers and other parties for a protective order in the case after they asserted that discovery would likely include sensitive confidential information related to a broadcasting contract.
Filmmaker John Singleton on Wednesday sued Paramount Pictures Corp. for $20 million, claiming the studio reneged on a deal to finance two of his future films as part of its acquisition of the movie “Hustle And Flow” in 2005.
IberiaBank Corp. agreed Wednesday to pay $2.5 million to settle its involvement in Florida multidistrict litigation accusing several banks of breaching contracts by unfairly charging customers exorbitant overdraft fees.
A California judge refused Wednesday to dismiss Paron Capital Management LLC's $50 million suit accusing its ex-accounting firm of failing to properly vet a corrupt potential business partner with whom the hedge fund ultimately teamed up, costing it millions in damages.
A former head of IBM Corp.'s information technology unit who left for rival Hewlett-Packard Co. pressed the Second Circuit on Wednesday to affirm a ruling that allowed him to keep working for HP despite a noncompete agreement he had signed while at IBM.
A former Orrick Herrington & Sutcliffe LLP associate who claims he was falsely promised a promotion to get him to stay with the firm lost his bid Tuesday to appeal a New York court’s ruling denying punitive damages in his contract and fraud suit.
The Ninth Circuit on Tuesday denied Bank of New York Mellon Corp. and Wells Fargo Bank NA’s bid to challenge class certification for investors accusing them of breach of contract for allegedly failing to prevent Medical Capital Holdings Inc. from misappropriating millions.
A California judge on Wednesday axed fraud and conversion claims leveled against CBS Studios Inc. and Paramount Pictures by five former "Happy Days" cast members who claim they've been cheated out of $10 million in contractually promised merchandising fees.
Innkeepers USA Trust agreed Wednesday in New York to sell 64 hotels to a unit of Cerberus Capital Management LP for a lowered price of $1.02 billion, averting a trial over the transaction and putting the hotel chain operator a major step closer to exiting bankruptcy.
A Massachusetts federal judge on Tuesday threw out contract-related claims in a suit brought by private equity firm Stonewood Capital Management Inc. against an engineering firm over a failed acquisition, ruling that most of an agreement to complete the sale was not binding.
A film production company that won a $7 million judgment against a “Real Housewives of New York City” star sought Tuesday to have her Chapter 11 bankruptcy plan converted into a Chapter 7 liquidation because of her alleged financial mismanagement.
The Weather Channel LLC told a Georgia federal court Tuesday that a suit alleging it discriminated against a former meteorologist because of her U.S. Air Force Reserve service should be dismissed or stayed pending arbitration based on an agreement she signed.
A Los Angeles jury awarded Newport Capital Advisors $50.3 million Thursday and Friday in a countersuit claiming real estate investment fund Commonfund Reality Investors LLC and its manager abandoned a partnership to co-own and develop four properties in Hollywood.
Bucyrus International Inc. and Terex Corp. battled before a New York appeals court Tuesday over whether Bucyrus abused post-closing adjustments to reduce the price of its $1.3 billion purchase of Terex's mining equipment business.
The Seventh Circuit on Monday allowed six airlines contractually obligated to cover some of Chicago's airport maintenance expenses to intervene in the city's suit against the Federal Emergency Management Agency over $6 million in snow removal costs following severe storms.