Commercial Contracts

  • February 4, 2008

    Bankruptcy Puts Excel-Invidos Patent Spat On Hold

    Bankrupt patent-holding company Excel Innovations Inc. has won a bid to reopen its patent infringement battle with now-insolvent Indivos Corp. over tokenless biometric computer systems, but it won’t be allowed to pursue the claims while the technology firm’s bankruptcy is pending.

  • February 4, 2008

    Agilent Hits Ex-Employees With Trade Secrets Suit

    Chemical analysis firm Agilent Technologies Inc. has sued Advanced Materials Technology Inc., a company founded by three former employees, alleging they stole Agilent trade secrets to create a rival product.

  • January 31, 2008

    Countrywide Affiliates Hit With Predatory Lending Suit

    Three affiliates of Countrywide Financial Corp., the mortgage lender Bank of America has agreed to buy in a $4.1 billion deal, were hit with a proposed class action accusing them of forcing their own insurance on Florida borrowers who were already insured.

  • February 1, 2008

    Judge Nixes Most Of Marsh Ex-COO's ERISA Claims

    A federal judge has tossed the lion's share of claims by the former president and chief operating officer of Marsh & McLennan that the insurance broker wrongfully deprived him of benefits after he was fired in the wake of the company's 2004 bid-rigging scandal.

  • January 29, 2008

    Calpine Withdraws From U.S. Supreme Court Case

    Bankrupt energy company Calpine Corp. has withdrawn from a U.S. Supreme Court case after resolving a dispute that arose when it repudiated a 400-megawatt transmission service agreement with electric utility Nevada Power Co.

  • January 29, 2008

    MetLife, BlackRock Sued Over Subprime Investments

    Israel Discount Bank has sued MetLife Inc. and investment adviser BlackRock Inc. for allegedly investing life insurance funds into subprime-mortgage-backed securities, then refusing to honor the bank's request to invest the funds elsewhere.

  • January 28, 2008

    Allegheny, Merrill Settle Dispute For $50M

    Allegheny Energy Inc. will pay $50 million to buy out investment bank Merrill Lynch & Co.'s remaining stake in an Allegheny subsidiary, ending a long dispute over Allegheny's 2001 purchase of Merrill's energy trading arm.

  • January 25, 2008

    Best Buy Faces Another Suit Over Unpaid Work Time

    Discount retail giant Best Buy Co. Inc. has routinely subjected its employees to security searches off the clock, forced them to work through unpaid meal and rest breaks, and failed to compensate them for all of their work, according to a lawsuit recently filed in a New York State court.

  • January 24, 2008

    $6.6M Awarded To Oculus In Trade Secret Suit

    A judge has granted biopharmaceutical company Oculus Innovative Sciences Inc. $6.6 million in damages, finding that the company suffered a loss after Japanese machine manufacturer Nofil Corp. breached nondisclosure and exclusive purchase agreements relating to Oculus’ intellectual property for its Microcyn disinfectant.

  • January 18, 2008

    Malpractice Suit Over 14-Year-Old Deal Dismissed

    A federal judge has dismissed a breach of fiduciary duty and attorney malpractice case relating to a stock purchase from the early 1990s, finding that the plaintiffs waited too long to launch their case.

  • January 18, 2008

    N.Y. Sues Tax Prep Cos. Over High-Interest Loans

    With tax season right around the corner, New York state regulators have set out to curb the allegedly predatory lending practices of two of the state's largest tax preparers.

  • January 18, 2008

    Cravath Still Owes Me Almost $1M: Ex-Attorney

    A former attorney's lawsuit against Cravath, Swaine & Moore LLP, which accuses the law firm of paying him hundreds of thousands of dollars less than he was promised in his contract, has been moved from state court to the federal arena.

  • January 18, 2008

    Summary Judgment Denied In Applera Patent Saga

    A California judge denied a motion for summary judgment brought by Applera Corp.'s Applied Biosystems Group in Applera's ongoing patent infringement dispute with rival Illumina Inc.

  • January 17, 2008

    Workers Sue Morgan Stanley For Broker's Bad Advice

    A group of former Kodak workers is seeking half a billion dollars in damages against Morgan Stanley, alleging in a proposed class action that their broker persuaded them to retire early and invest their money in a fool's paradise.

  • January 17, 2008

    Fired Wal-Mart Sex Offender Can’t Add Bias Claim

    A registered sex offender who was fired from her job at Wal-Mart Stores Inc. has lost a bid to include an allegation in her wrongful termination suit that the retail giant discriminated against her on the basis of her gender by continuing to employ male sex offenders.

  • January 16, 2008

    Amazon's E-mail Agreement Same As Paper: Judge

    Reinforcing the power of e-mail as a medium for an enforceable settlement, a Massachusetts appeals court ruled in favor of Basis Technology Corp. in its case against Amazon.com Inc. regarding nonpayment for work done on the online retailer's Japanese Web site.

  • January 15, 2008

    Federal Preemption Upheld In Heart Valve Case

    In a boost for Baxter Healthcare Corp., a California appeals court has held that imposing state tort liability would violate the preemption doctrine in a case involving a woman who died after the company recalled its artificial heart valve but did not recommend that the device be removed from her body.

  • January 15, 2008

    Judge Blows Away $8.9M Award In Wind Farm Suit

    A Texas civil district court judge has overturned a jury's award of $8.9 million to the Dallas-based energy company TXU Corp. in a contract squabble with wind farm operator FPL Energy.

  • January 15, 2008

    Sullivan & Cromwell Settles E-Discovery Dispute

    Sullivan & Cromwell LLP has settled a breach of contract case against an electronic-discovery vendor that allegedly missed deadlines and provided shoddy work, hindering the firm's ability to meet a discovery deadline.

  • January 11, 2008

    Face-Off In Antitrust Suit Over Warhol Portrait

    A film producer who claims to own an Andy Warhol painting asserts he has produced sufficient evidence to allow a proposed antitrust class action against Warhol's estate and other affiliated entities to move forward.