Commercial Contracts

  • March 1, 2012

    GM Says $367M Hedge Fund Deal Was Signed After Ch. 11

    Motors Liquidation Co. on Thursday asked a New York bankruptcy court to equitably subordinate a slew of hedge fund noteholders' claims in its Chapter 11 proceedings based on a $367 million settlement signed the same day, but hours after, it filed for bankruptcy.

  • March 1, 2012

    Shell Wins Block Of Greenpeace Efforts To Stop Drill Rig

    Shell Oil Co. won a temporary restraining order Thursday blocking Greenpeace Inc. activists from barricading or occupying its Arctic-bound drilling ship, in a suit alleging the protesters — including actress Lucy Lawless — threatened its contracts and endangered lives.

  • March 1, 2012

    No Win For Rand McNally Ex-CEO, PE Firm In Dispute

    All roads led to disappointment for the former CEO of mapmaker Rand McNally and the company's private equity owners, as a Texas federal judge ruled Thursday that neither party prevailed in their breach of contract suits against the other.

  • March 1, 2012

    Investors Sue Empire State Building Owners Over IPO

    Investors in the company that owns the Empire State Building filed a putative class action Thursday accusing Malkin Holdings LLC of breaching its fiduciary duty in connection with a planned $1 billion initial public offering and the creation of a real estate investment trust.

  • March 1, 2012

    Commerce Bancorp Can't Escape Ex-CEO's Contract Suit

    A New Jersey federal judge on Thursday kept alive a suit brought by the former chairman and CEO of Commerce Bancorp Inc. alleging he wasn't paid over $11 million in severance after being ousted in 2007, ruling his contract claims should be heard by a jury.

  • March 1, 2012

    Perdue Chicken Waste Pollution Fight Heads To Trial

    A Maryland federal judge on Thursday refused to hand summary judgment to chicken giant Perdue Farms Inc. or an environmental group claiming a Perdue contractor violated the Clean Water Act by polluting Chesapeake Bay with poultry waste, sending the case to trial.

  • March 1, 2012

    Mystery Novelist's Ex-Agent Loses Bid For Cut Of New Book

    A New York state appeals court determined Thursday that the former literary agency of author Martha Grimes is not entitled to a piece of the writer's commission for a book deal reached after Grimes sought new representation, rejecting the agency's breach of contract appeal.

  • March 1, 2012

    Liberty Mutual Settles $8M Suit Over Brooklyn Complex

    A federal judge said Wednesday that a New York developer had settled its suit claiming Liberty Mutual Insurance Co. was required to pay it an $8.2 million judgment related to a contractor's alleged breach of a bonded construction agreement.

  • March 1, 2012

    Morgan Stanley Unit Hit With $142M Loan Investment Suit

    A mortgage loan trust hit a unit of Morgan Stanley & Co. Inc. on Wednesday with a $142 million suit claiming the financial giant breached contractual agreements by making false representations about the safety of a home loan investment pool.

  • February 29, 2012

    Calif. Court Won’t Impose Duty On Insurance Brokers

    A California appeals court on Tuesday affirmed that after an insurance broker procured an insurance policy for a developer on a construction project, it did not owe any duty to inform parties later added to that policy of the insurance company’s subsequent insolvency.

  • February 29, 2012

    Engineer, Architect Want Manhattan Condo Defects Suit Axed

    A consulting engineer and an architecture firm on Wednesday separately sought to nix indemnification claims against them in Waverly Properties LLC's breach of contract suit claiming three multimillion-dollar Manhattan condominium units were riddled with expensive and dangerous defects.

  • February 29, 2012

    SeaWorld IP Suit Against Blackstone Faces Venue Battle

    A theme park designer told a Missouri federal judge Wednesday that a lawsuit alleging Blackstone Capital Partners V LP and Anheuser-Busch InBev stole attraction trade secrets for SeaWorld locations belongs in state court, saying it would be more appropriate for state breach of contract claims.

  • February 29, 2012

    DynCorp Subcontractor Sues Steel Co. Over Afghan Well Piping

    A DynCorp International Inc. subcontractor sued a steel processor in Colorado federal court on Tuesday, seeking to recoup costs stemming from its allegedly shoddy piping materials, which were used in well construction for the U.S. military in Afghanistan. 

  • February 29, 2012

    Contractor Says It Suffered Retribution After Winning Bid

    Security contractor System High Corp. on Wednesday in Virginia accused a former partner company of canceling System High’s subcontracts and attempting to poach its employees as retribution for its successful bid for a government contract that both companies had applied for.

  • February 29, 2012

    JPMorgan Asks Judge To Reconsider Freedom Loan Division

    A JPMorgan Chase Bank NA attorney tried again Wednesday to persuade a New York state judge to use the bank's formula to divvy up what's left of a $300 million loan to Freedom Communications Inc. after the media conglomerate went bankrupt.

  • February 29, 2012

    'Tree Of Life' Producer, Distributor Settle Arbitration Suit

    The production company behind the Academy Award contender “The Tree of Life” and its U.K. distributor last week settled a California suit seeking to vacate a $1.3 million arbitration award stemming from a contract dispute over U.K. distribution of the film.

  • February 29, 2012

    Mexican Singer Joins Digital Royalty Fray With EMI Suit

    Latin pop singer Graciela Beltran on Tuesday hit EMI Music Inc. with a proposed breach of contract class action in California, joining a growing chorus of artists who claim record labels have stiffed artists on royalties for digital music downloads.

  • February 29, 2012

    Rock Band Toto Sues Sony Over Royalties For Digital Sales

    The band Toto, creator of 1980s hits “Rosanna” and “Africa,” slammed Sony Music Entertainment with a breach of contract suit Monday alleging the label failed to pay it proper royalties on sales of digital recordings.

  • February 28, 2012

    Calif. Appeals Court Won’t Rehear Volt Discrimination Dispute

    A California appeals court on Monday refused to reconsider its decision affirming that staffing and placement services company Volt Management Corp. could not compel arbitration of a former employee’s disability and age discrimination suit.

  • February 28, 2012

    Union Says AMR Wants To Alter Pilots' Pay Without New CBA

    The Allied Pilots Association hit American Airlines Inc. and bankrupt parent company AMR Inc. with a lawsuit Tuesday claiming they have attempted to alter pilots’ pay without reaching a new collective bargaining agreement.