Two individuals contending to own security interests in California's U.S. Bank Tower under the Uniform Commercial Code are allegedly making wrongful claims that could hold up the property's $367 million sale, according to a suit filed Thursday in state court.
The Texas Supreme Court on Friday agreed to decide whether employees of a Tyco International Ltd. valve-manufacturing unit that was sold to another company were contractually entitled to severance payments from Tyco and whether the acquiring company became Tyco’s successor.
Allowing Dish Network LLC to continue retransmitting TV programs without a license to subscribers' computers and mobile phones through its Hopper device could “destabilize” the broadcasting industry, an attorney for Fox Broadcasting Co. said Friday, urging a California federal judge to shut the service down.
The FBI is accusing Cleveland Browns owner Jimmy Haslam's Pilot Flying J Travel Centers LLC company of engaging in a long-running scheme to defraud its customers by cheating them out of agreed upon discounts, and contends that Haslam and other top brass knew about the scam, according to an affidavit unsealed on Thursday.
A group of former marketers for Ignite Holdings Ltd. and Stream SPE Ltd. on Friday told a Texas appeals court an injunction barring them from selling renewable energy credits is overly broad because they are not competing to sell residential electricity or natural gas.
A New York federal judge on Friday tossed hedge fund servicing firm Williams Trading LLC's lawsuit alleging Wells Fargo Securities LLC breached their partnership agreement by engaging in proprietary trading, saying the contract didn’t give Williams Trading the authority to dictate Wells Fargo's options.
In what may be the last major Holocaust-era art restitution case, the D.C. Circuit ruled Friday that a Hungarian court judgment did not preclude heirs of a legendary Hungarian art collector from recovering 11 paintings that were seized by the Nazis.
Merrill Lynch & Co. Inc. has agreed to pay $45 million to settle a 2009 suit in which New Jersey officials accused the financial services giant of mishandling $300 million in stock purchases that caused pension fund investment losses, the state attorney general's office announced Friday.
Shopping center owner DDR Corp. on Friday dodged most claims from real estate investment manager Coventry Real Estate Advisors LLC’s $500 million suit over a soured joint venture when a New York state judge ruled certain claims are barred by a previous ruling in a related dispute.
Apple Inc. sued Oracle America Inc. on Friday in California federal court, claiming Oracle owes it coverage for any damages arising from claims that Apple infringed four patents held by U.S. Ethernet Innovations LLC.
The creditors committee for bankrupt Washington-based law firm Howrey LLP objected Thursday to Haynes and Boone LLP’s attempt to get a judge in D.C. to rule on whether it can keep profits brought in by a former Howrey partner, calling their plan an effort to "forum shop."
A California federal judge on Thursday kept alive a proposed class action led by the lead singer of '80s New Wave rock band The Motels accusing Capitol Records LLC of stiffing musicians on royalties for digital downloads, saying the class's claims are not time-barred.
The Pennsylvania Superior Court Thursday revived a case brought by the former CEO of Latrobe Steel Co., who contended that the private equity investor who purchased the company violated a contract when it sought to deny his 1.2 percent equity interest in the business after terminating him.
Yellow Pages Photos Inc. on Thursday asked a Delaware bankruptcy judge to allow the photo licensing agency to subpoena documents from bankrupt yellow pages publisher SuperMedia LLC, saying it is seeking evidence of a purported breach of its licensing agreement with the debtor.
NuSil Technology LLC on Thursday escaped Guardian Drug Co.'s bid for partial indemnity in Prestige Brands Inc.'s suit over Guardian's alleged contract breach for failing to cover losses stemming from several drug recalls, after a New York federal judge ruled that NuSil had no responsibility to indemnify Guardian.
Rutgers University agreed Thursday to a $475,000 settlement with basketball coach Mike Rice, who was recently fired after video surfaced of him berating and physically abusing players, a deal worth much less than the $1.1 million Rice was owed under his contract.
A California federal judge handed Warner Bros. Entertainment Inc. another victory Thursday in its long-running fight for control of the rights to Superman, siding with the studio on the two remaining disputed portions of a controversial 2001 contract with the heirs of one of the superhero's co-creators.
Magazine market research firm GfK Mediamark Research and Intelligence stole Affinity LLC's confidential information about its competing product and used the data to drive Affinity out of business, according to a $20 million antitrust lawsuit filed Thursday in New York state court.
A California appeals court held Wednesday that an insurance broker wasn't liable to an investor who was unable to get coverage under a bankrupt real estate developer's policy for alleged vandalism and theft, a precedential ruling that helps shelter brokers from breach of duty claims brought by nonclients.
The former owner of a 520 megawatt power plant in Washington state urged the D.C. Circuit on Monday to overturn a Federal Energy Regulatory Commission decision that it violated the Federal Power Act by not filing a rate structure that would allow it to charge for reactive power supplied to the Bonneville Power Administration.