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.
An investment firm facing claims it concealed conflicts of interest when transferring investor money into a mutual fund told an Illinois federal court on Friday the Securities Litigation Uniform Standards Act bars a proposed class of investors from moving the case back to state court.
Insurance holding company Genworth Financial was hit with a putative class action in Delaware Chancery Court on Friday by holders of long-term care policies from one of its subsidiaries, who allege that the parent company is sabotaging their benefits by fraudulently transferring the subsidiary’s assets to its other units.
A former vice president for advertising at Rite Aid Inc. and one of the owners of an Atlanta-based marketing business have agreed to plead guilty to a $5.7 million kickback scheme, while the marketing business' co-owner told Law360 on Friday he will fight related charges.
Former Judge Jorge J. Perez has joined Dickinson Wright PLLC’s litigation group in Fort Lauderdale, Florida, where he is an oft-appointed receiver in insolvencies and an arbitrator, the firm announced Thursday.
A Pennsylvania federal jury on Thursday awarded fracking services company Stingray $1.65 million in damages for gas well owner EQT Production's breach of contract, although the jury found that both companies breached their arrangement and also awarded EQT $676,250 from Stingray.