Morgan Keegan & Co. Inc. was ordered to pay $1.4 million in damages and fees to a Texas investor for losses associated with bonds the brokerage allegedly misrepresented, according to a ruling from a Financial Industry Regulatory Authority arbitration panel issued Monday.
A Houston-based oil field drilling service provider on Wednesday launched a suit against Buccaneer Energy Ltd., alleging the oil and gas company underfunded a joint venture to refurbish an oil rig to be used off Alaska's coast, causing the deal to fail.
A supplier that wants to bring a construction lien claim against a prime contractor for money owed by a bankrupt subcontractor must inquire about the original source of any payments it has already received from the subcontractor, to make sure it has correctly allocated them among project accounts, a New Jersey court ruled Wednesday.
American Airlines Inc. parent AMR Corp. won two labor battles Wednesday when a New York bankruptcy judge approved a new collective bargaining agreement with pilots and allowed the debtor to eliminate lump-sum retirement benefits for pilots.
Actress Leah Remini, who had a starring role in the CBS program "The King of Queens," was hit with a suit Tuesday in California state court alleging she breached contract by refusing to pay her former management company a cut of the proceeds from her new sitcom.
A Federal Energy Regulatory Commission judge declined Tuesday to allow Enterprise TE Products Pipeline Co. LLC to charge market-based rates to move refined oil to delivery locations in Arkansas and Louisiana, saying the company's supporting evidence fell short for approval.
The American Arbitration Association has dismissed HealthSouth Corp.'s claims that its former auditor Ernst & Young LLP acted recklessly and failed to perform reviews of the company’s financial statements with proper care, HealthSouth said Tuesday.
A Tennessee federal judge on Tuesday barred several former Smith & Nephew Inc. sales contractors from contacting the medical device maker's clients for rival companies, saying S&N has a good chance of winning its $56 million trade secrets case against the contractors.
A putative class of crude-oil producers led by Luke Oil Co. urged the Third Circuit on Monday to reverse a Delaware bankruptcy court’s decision to permanently stay their property rights claims in the 2008 bankruptcy of SemCrude LP, saying they were denied due process.
A New Jersey federal judge on Tuesday refused to fully toss a putative class action accusing Daimler AG of manufacturing faulty air intake systems in its Mercedes-Benz vehicles that cause sudden engine failure, keeping alive fraud and state consumer law claims.
A California jury said Tuesday that billionaire Los Angeles Clippers owner Donald Sterling had to pay $15 million in punitive damages to a former tenant who alleged Sterling's disregard for tenant safety caused a fire that destroyed her apartment, bringing her total recovery to $17.3 million.
A Texas federal judge on Tuesday denied a bid by Heil Trailer International Co. to stop rival Troxell Co. from manufacturing and selling trailers used to move crude oil that Heil alleges are based on designs it says were stolen by a trio of former employees.
Econsult Corp., a Philadelphia-based economic consulting firm, has settled its contract dispute with its former vice president, University of Pennsylvania real estate economist Kevin C. Gillen, in a suit alleging Gillen pocketed revenues derived from the firm's clients.
A Washington federal judge on Monday declared a mistrial in a civil case alleging nonprofit group Project on Government Oversight illegally gave a government economist a cut from a whistleblower award earned in 1998 through a qui tam suit over oil royalties.
Lockheed Martin Corp. urged the Third Circuit on Monday to overturn a Pennsylvania federal judge's ruling that it's not entitled to recoup legal fees from security subcontractor U.S. Security Associates Inc. in a wrongful death suit over a 2008 workplace shooting.
Bankia SA, one of Spain's largest banks, on Tuesday agreed to pay British insurer Aviva PLC €608 million ($804 million) for its stake in a Spanish insurance company, ending a dispute that had moved to arbitration.
The existence of an implied employment contract must be reinforced with specific and explicit evidence, the Tenth Circuit ruled Monday, affirming the dismissal of a wrongful termination suit brought by former employees of the city of Albuquerque, N.M.
The Pittsburgh Steelers on Friday sued the public authority that owns the football team's home stadium in Pennsylvania state court, arguing that the terms of the stadium lease obligate the body to pay for a share of necessary improvements reported to cost $39 million.
A New York developer has lobbed counterclaims at his business partner, a former Bryan Cave LLP land use attorney, in a lawsuit over control of their joint real estate company and denied allegations he mishandled the venture's funds, according to an answer filed Friday.
Creative Mobile Technologies LLC, an in-taxi media technology company, filed a $250 million suit against its advertising partner VeriFone Systems Inc. on Monday in New York for allegedly breaching an agreement to share revenues from the passenger information monitors installed in New York City taxicabs.