Commercial Contracts Law360 provides breaking news and analysis on commercial contract law. Coverage includes major contract disputes between companies in the U.S. and around the globe, as well as relevant regulatory and legislative developments.
NextEra Energy Inc. unit Florida Power & Light Co. was hit Monday with a putative class action accusing the utility of breaching its contract with customers by failing to adequately prepare for hurricanes, despite adding “storm charges” to their bills, and leaving thousands without power for an extended time after Hurricane Irma.
Illinois National Insurance Co. told an Illinois federal judge on Friday that it owes no coverage to Experian Information Solutions Inc. in an underlying breach of contract suit with the Business Development Bank of Canada in which the bank was awarded CA$44.4 million ($36 million).
Norwegian Cruise Line on Friday blasted a bid by marine fuel supplier and trader O.W. Bunker USA Inc. to force it to arbitrate its suit looking to recoup money it paid to a local fuel supplier to cover a debt allegedly owed by the bankrupt O.W., telling a Connecticut federal court there's no applicable arbitration agreement.
A recent decision by a Toronto judge throwing cold water on a third-party funding deal from Bentham IMF for plaintiffs in a medical device case may severely hamper interest from commercial funders in backing future Canadian class actions, experts say.
Ohio State University on Monday said it hasn’t waived its sovereign immunity over claims that banners hung in the school’s football stadium with former football players’ images violate the Sherman and Lanham Acts, urging a federal court to toss the antitrust claims and send the case to state court.