A federal appeals court won't budge on its finding that Cell Therapeutics Inc.’s settlement of a qui tam suit should not preclude CTI from seeking contractual indemnification from its reimbursement consultant, a predecessor of Lash Group Inc., for damages as part of the government’s investigation of its leukemia treatment Trisonex.
A federal judge has given preliminary approval to a reimbursement settlement among BMW of North America LLC, Bridgestone Corp. and a class of BMW owners who sued the companies for breach of contract alleging that special “run-flat” Bridgestone tires designed to temporarily outmaneuver deflation did not perform up to speed.
Lone Star Transmission LLC — a counterdefendant in FPL Energy LLC's breach of contract suit against Hilliard Energy Ltd. over services related to the construction of an electric transmission line — has lodged a bid to exit the suit by asking a federal judge to toss Hilliard's eight counterclaims.
A federal judge has tossed the majority of claims and denied class certification in two coordinated putative class actions alleging that The Chubb Corp. improperly raised homeowners' insurance premiums in violation of its insurance contracts.
Building products and paper company Georgia-Pacific Corp. has lost its bid in a North Carolina state appeals court to force a suit over a defective wood trim product with a limited warranty into arbitration.
Savoy Energy LLC has launched a suit against the New Mexico Institute of Mining and Technology, claiming the university fraudulently backed out of a $10 million contract for the energy company to operate a Utah gas field as part of a government-sponsored carbon sequestration project.
Secured lenders for bankrupt Philadelphia Newspapers LLC have asked a judge to reconsider allowing the newspaper company to break off contracts with third-party distributors, contending that the move may constitute poor business judgment and could actually hurt the company's bottom line.
A federal appeals court has ruled that Xenon Pharmaceuticals Inc. failed to pay fees it owed the University of Wisconsin's patent management foundation under an agreement concerning rights to a cholesterol-fighting enzyme, affirming a lower court decision.
A federal appeals court has certified several questions of procedural and substantive unconscionability in contract law to Florida's highest court, in a former Sprint Nextel Corp. customer's putative class action alleging the wireless provider charged its users for roaming fees on calls placed within the network's own coverage area.
Former Chrysler, Jeep and Dodge dealers axed by Chrysler Group LLC after the automaker's Chapter 11 reorganization sustained a significant blow when a court classified their contract claims against Chrysler as traditional prepetition claims, denying their bid for administrative priority.
A federal appeals court has ruled that Union Pacific Railroad Co.'s case against the federal government over a train derailment in which metal culverts beneath the tracks collapsed should be classified as a contract claim rather than a tort claim, overriding a lower court's $4.5 million damages award.
Burger King Corp. has served three franchise owners and their guaranties with a suit accusing them of breaching their franchise agreements by failing to purchase and install point-of-sale systems required by the fast-food giant.
Bankrupt commercial real estate financing company Capmark Financial Group Inc. struck back Tuesday against a group of noteholders, seeking to block its claim that the insertion of three words in a contract amounted to a critical change in the terms of some of the $2.55 billion in unsecured notes Capmark issued in 2007.
A federal judge has ruled that Red Bull North America Inc. did not wrongfully terminate a distribution contract with a Kentucky beverage distributor, finding that the distributor failed to show Red Bull did not give reasonable notice before ending the agreement.
Morgan Stanley has been handed a partial victory in an ongoing dispute with former subsidiary Discover Financial Services over a payout from an antitrust suit, following a New York state court judge's ruling that Discover must pay Morgan Stanley a special dividend worth nearly $800 million.
A General Electric Co. unit and Argentine energy company Ingentis SA have settled a dispute over a $72.6 million contract under which the global conglomerate agreed to sell Ingentis turbines and other power generation equipment.
Eastman Kodak Co. and Wachovia Bank NA have agreed to shutter Kodak's long-running breach of contract suit accusing the bank of misappropriating a $30 million loan that Kodak made to struggling Wolf Camera Inc. in March 2000.
Superior Automotive Group LLC has filed a $250 million breach of contract and fraud suit against Nissan Motor Co. Ltd. and its lending arm, accusing the Japan-based auto giant of promising financial support to a group of California dealerships and then pulling the plug when the global recession hit.
AT&T Mobility LLC is facing more than a dozen proposed class actions in state and federal courts across the U.S., launched by individuals who claim the cell phone provider is violating federal tax law by levying taxes on Internet access through its wireless contracts.
A federal judge has granted a request by MBIA Insurance Corp. and LaCrosse Financial Products LLC to send their dispute with Royal Bank of Canada over three credit default swap contracts back to state court in New York.