Commercial Contracts

  • November 19, 2008

    Hutchinson Sues UBS, Citigroup For ARS Fraud

    Burdened with $101 million in illiquid auction rate securities and $90 million in encroaching notes, disk drive component maker Hutchinson Technology Inc. has sued UBS AG and Citigroup Inc., claiming the banks sold the securities fraudulently.

  • November 19, 2008

    Judge Shoots Down Antitrust Claims Against Apple

    In a boost for Apple Inc.’s trademark and copyright suit against Psystar Ltd., a federal judge has tossed Psystar's counterclaims accusing Apple of violating antitrust laws with its end-user licensing deals, which require that Apple software be used only on Apple computers.

  • November 18, 2008

    Bankrupt Transmission Plant Hires Midwest Firm

    Getrag Transmission Manufacturing LLC has retained the Midwest firm of McDonald Hopkins LLC as it navigates a potentially complex bankruptcy that grew out of a botched deal with Chrysler LLC to build a $530 million transmission plant.

  • November 17, 2008

    Chrysler Plant Fiasco Prompts Ch. 11 Filing

    Getrag Transmission Manufacturing LLC has filed for Chapter 11 protection over the collapse of an agreement to build an Indiana plant for the manufacture of high-tech dual clutch transmissions for Chrysler LLC.

  • November 17, 2008

    Judge Tosses Part Of Sterling, Credit Suisse Suit

    A federal judge has thrown out part of a case Sterling Federal Bank brought against Credit Suisse and others accusing them of materially misleading the bank about mortgage-backed securities.

  • November 14, 2008

    NBA Team Requests Stay In Ticketmaster Suit

    The Cleveland Cavaliers have asked to stay proceedings in their antitrust and breach of contract litigation with Ticketmaster LLC pending an appeal of a permanent injunction barring the basketball team from using a rival ticket vendor's software for online reselling.

  • November 14, 2008

    4 Novartis Claims Dropped In Retisert Sales Spat

    A federal judge has slashed four claims from a sales contract dispute brought by Novartis Pharmaceuticals Corp. against Bausch & Lomb Inc. including a misappropriation of confidential information claim, finding that in three instances Novartis failed to state a claim and that the fourth claim failed as a matter of law.

  • November 14, 2008

    No Reason For Discovery In Cash Sweep Suit: Judge

    The judge overseeing a case accusing major financial services companies of breaching their fiduciary duties by sweeping billions of dollars of their clients’ uninvested money into low-interest bank accounts controlled by the firms has denied the plaintiffs' request to begin discovery in the case.

  • November 12, 2008

    Fed. Circ. Vacates $40M Judgment For Boston Edison

    A federal appeals court has vacated a $40 million judgment in favor of Boston Edison Co. in a dispute with the U.S. government over spent nuclear fuel after finding the case was too intertwined with another case for the matter to have been only partially decided.

  • November 12, 2008

    American Apparel Worker Told To Cook Books: Suit

    A former employee of American Apparel Inc. has sued the company for wrongful termination, claiming that he was fired after he refused to inflate the company's sales figures at the request of CEO Dov Charney.

  • November 11, 2008

    DuPont Hits Invista With Barrage Of IP Charges

    DuPont Co. has accused Invista of patent infringement, misappropriation of trade secrets and a host of other claims related to the chemical giant's 2004 sale of its textile business to the Koch Industries Inc. unit in the latest litigation over the $4.2 billion acquisition.

  • November 11, 2008

    Customers Sue T-Mobile Over Late Penalties

    T-Mobile USA Inc. imposed overly high late fees on customers who were tardy in paying their bills without calculating the actual damages the company suffered as a result, consumers have charged in a proposed class action against the cell phone service provider.

  • November 11, 2008

    Jury Orders NFL Union To Pay $28M To Former Players

    A federal jury in San Francisco has ordered the National Football League Players Association to pay $28.1 million to a class of more than 2,000 former NFL players, finding that the union did not properly market the players' images or pay out licensing revenue.

  • November 11, 2008

    Ex-Marsh Exec Can't Solicit Clients For 1 Year: Judge

    In a boost to Marsh & McLennan Cos. Inc., a federal judge has slapped an injunction on a former insurance brokerage executive who jumped ship to become a consultant with major competitor Aon Risk Services Inc., prompting Marsh to sue him for breaching nonsolicitation and confidentiality agreements.

  • November 11, 2008

    Judge Allows Amaranth Case To Move Forward

    Amaranth Advisors LLC has received the go-ahead from a New York state court to move forward with its lawsuit against JPMorgan Chase & Co. that claims the investment bank contributed to the hedge fund's spectacular 2006 collapse.

  • November 10, 2008

    Mattel Moves To Round Up Bratz Dolls

    After a limited copyright infringement victory, Mattel Inc. is reportedly demanding that the court confiscate all of MGA Entertainment Inc.'s Bratz dolls and forbid the company from manufacturing the popular toys again in hopes of closing a loophole in the jury verdict.

  • November 10, 2008

    Delphi Seeks $300M More From GM

    Struggling to avoid liquidation, bankrupt auto parts maker Delphi Corp. has asked a court for permission to extend debtor borrowing agreements and obtain an additional $300 million from beleaguered automaker General Motors Corp.

  • November 7, 2008

    ArmorWorks Fires Back At BAE In Body Armor Spat

    In a heated battle between military contractors, ArmorWorks Enterprise LLC fired back at BAE Systems and its subsidiaries Thursday, accusing the company of violating the Robinson-Patman Act and alleging that its manipulation of the body armor market violated an exclusive agreement ArmorWorks had with a supplier.

  • November 10, 2008

    'Series 7' Score Suit Prohibited By Law: DC Circ.

    Agreeing that common law complaints against self-regulatory organizations for negligent performance of duties are barred by Congress, a federal appeals court has upheld a lower court's decision to throw out a suit brought by a group of securities dealers over miscalculated Series 7 broker exam scores.

  • November 6, 2008

    Apple Seeks To Toss Psystar's Antitrust Counterclaims

    Attorneys for Apple Inc. told a federal judge Thursday that Psystar Corp. was trying to divert attention from its alleged infringement of Apple's Macintosh operating system by asserting “deeply flawed” antitrust and unfair competition counterclaims, while Psystar's counsel maintained that Apple had misused its copyrights and engaged in illegal tying.