Commercial Contracts

  • December 18, 2007

    Former Foodservice CEO To Pay $8M To Settle Suit

    Royal Ahold announced Tuesday that the former chief executive officer of its former U.S. subsidiary will pay $8 million to settle a legal dispute that became entangled in an accounting scheme that exaggerated the unit’s earnings.

  • December 18, 2007

    Wells Fargo, Orix Shed Loan Servicing Suit

    The suit that securities investor Super Future Equities Inc. filed against Wells Fargo Bank NA, the trustee of its mortgage-backed notes, and loan servicer Orix Capital Markets LLC is out of steam now that a Dallas federal court has granted summary judgment in favor of the defendants.

  • December 17, 2007

    People's Choice, Merrill Settlement Approved

    People's Choice Home Loan Inc. has resolved another dispute in its ongoing Chapter 11 case, after a judge signed off on a settlement between the bankrupt home lender and creditor Merrill Lynch & Co.

  • December 17, 2007

    Judge Slams Scotts, Orders New Witness Deposition

    A judge declined to sanction Miracle-Gro maker Scotts Co. LLC for obstructing a deposition in an insurance dispute with Liberty Mutual Insurance Co. but ordered a new deposition of one of its witnesses and strongly admonished the company for its conduct on Thursday.

  • December 14, 2007

    Lehman Bros. Wins $7.3M In Mortgage Suit

    A federal jury has awarded Lehman Brothers Holdings Inc. $7.3 million in a case in which Lehman Brothers accused the defendants of conspiring to get a Lehman subsidiary to fund millions of dollars in mortgage loans secured by properties worth only a fraction of their sale prices.

  • January 1, 2008

    Employment Cases To Watch In 2008

    Cases that could change labor and employment law in 2008 and beyond are currently pending in venues ranging from U.S. Supreme Court to district courts to the National Labor Relations Board. Here's an overview of ten lawsuits that labor and employment attorneys will be keeping an eye on in the coming year.

  • December 12, 2007

    Labor Dept. Seeks Stricter 401(k) Disclosures

    The U.S. Department of Labor on Wednesday proposed a new regulation aimed at increasing how much service providers of 401(k) plans and other employee benefit plans must disclose to fiduciaries in an effort to minimize conflicts of interest.

  • December 13, 2007

    Court To Hear Worker Suit That Names It As Defendant

    After a federal court dismissed its case, a group of employees at the San Diego County Superior Court has launched a wage-and-hour collective action in the very state court named as a defendant in the suit.

  • December 11, 2007

    Injunction Lifted In Metabolite Case Against LabCorp

    In a case that reached the U.S. Supreme Court regarding subject-matter patentability, a Colorado federal court judge has confirmed that a permanent injunction that prevented Laboratory Corp. of America Holdings from using allegedly infringing vitamin deficiency tests is no longer in effect.

  • December 11, 2007

    First Charter Battles HomeBanc, JP Morgan Over Loans

    A dispute over $4.1 million in construction loans that pits First Charter Bank against bankrupt home lender HomeBanc Mortgage Corp. and JP Morgan Chase Bank has boiled over into an adversary proceeding in Homebanc's Chapter 11 case.

  • December 11, 2007

    $1M Interim DIP Financing Approved For Monitor Oil

    A bankruptcy judge has approved Monitor Oil Plc’s request for debtor-in-possession financing, despite objections from the U.S. trustee and an ad hoc committee representing the company’s bondholders.

  • December 11, 2007

    Dell Claims License In New Claim Against Lucent

    Dell Inc. has added a new tortious interference counterclaim against Alcatel-Lucent for alleged fraud by re-assigning two video-coding patents to a trust in order to block an existing Dell licensing deal for the technology.

  • December 10, 2007

    Embattled Merrill Lynch Faces ERISA Action

    The subprime mortgage woes continue to take their toll on Merrill Lynch & Co. Inc. Just two days after being tied into a shareholder action, the company became the target of a purported ERISA class action brought by employees with company retirement plans.

  • December 10, 2007

    Alaska AG Hits Marsh Mac Unit With $1.8B Suit

    The state of Alaska has filed suit against Marsh & McLennan Cos. subsidiary Mercer (US) Inc., claiming the actuarial firm's miscalculation of liabilities for two public pension funds for state employees in the face of growing health care costs resulted in $1.8 billion in losses for the funds.

  • December 7, 2007

    Union, Law Firm Prevail In Bid-Rigging Suit

    A case in which the owner of an electrical company accused a labor union and its law firm of rigging bids by coercing contractors has been dismissed, with the judge ruling that the owner will not be allowed to lodge an amended complaint.

  • December 7, 2007

    Fresno Coach Wins Sex Bias Suit For $19.1M

    A former Fresno State women’s basketball coach who claimed she was fired from the university for complaining about sexual harassment and Title IX violations has won a $19.1 million award in a discrimination suit.

  • December 5, 2007

    Judge Nixes Remaining Claims In World Wrestling Suit

    A federal judge has tossed the rest of World Wrestling Entertainment Inc.'s suit against two of its former licensing agents and the video game companies that allegedly bribed the agents and colluded with each other to rig bids for licenses of the company's intellectual property.

  • December 6, 2007

    A.G. Edwards Targeted Over Broker's Impropriety

    The Commonwealth of Massachusetts is asking A.G. Edwards & Sons Inc. to pay at least $1 million to repay investors after the firm allegedly failed to supervise a former broker who preyed on retirees and lost their money through improper investments.

  • December 5, 2007

    Merrill Lynch Hit With Yet Another Class Action

    The fallout from the subprime mortgage crisis shows no sign of letting up for investment bank Merrill Lynch & Co. Inc. The Wall Street firm has been hit with another class action suit alleging the bank misrepresented and failed to disclose facts about its collateralized debt obligations.

  • December 4, 2007

    Micron Launches Attack On Mosaid’s DRAM Case

    Semiconductor manufacturer Micron Technology Inc. has expanded its counterclaims against rival Mosaid Technologies Inc. in a patent infringement suit over dynamic random access memory technology.