Commercial Contracts

  • August 28, 2007

    Deutsche Bank Wants ERISA Ruling Reconsidered

    Two weeks after a district court left intact a terminated equities manager's allegation that Deutsche Bank AG violated the Employee Retirement Income Security Act, the bank has asked the court to remove that final claim and dismiss the complaint altogether.

  • August 28, 2007

    Bayou Investor Appeals Suit Against Advisor

    In an appeal that could shape how the U.S. Supreme Court's landmark Tellabs decision is understood, a firm that had invested $1.5 million in collapsed hedge fund Bayou Group LLC asked a circuit court Friday to reinstate its securities claims against the firm that had advised it to invest in Bayou to begin with.

  • August 27, 2007

    Claims Dismissed From Ford Class Action Suit

    A federal judge overseeing a multidistrict case against Ford Motor Co., which alleges that the company knowingly installed a faulty part that eventually forced it to recall millions of vehicles, has dismissed claims filed by one subclass of plaintiffs.

  • August 27, 2007

    Wells Fargo Fights Bankrupt Alliance Over Loans

    Well Fargo Bank NA has gone after bankrupt mortgage broker Alliance Bancorp Inc., filing an adversary case claiming breach of contract and seeking declaratory relief.

  • August 24, 2007

    State Farm Under Fire Over Katrina Calculations

    A federal district judge has allowed a Louisiana couple to move forward with their breach of contract and negligence claims against State Farm Fire & Casualty Company, with the pair taking particular aim at the method used by the insurer to determine payments for Hurricane Katrina-related losses.

  • August 24, 2007

    Bear Stearns To Pay Over Alleged Noncompete Breach

    A Financial Industry Regulatory Authority arbitration board on Thursday awarded a former Bear, Stearns & Co. Inc. account executive over $840,000 after finding that the investment company breached its employment agreement.

  • August 24, 2007

    Circuit Court Dismisses Old National BanCorp Charges

    An appeals court on Thursday dismissed a proposed class action brought against Old Nation BanCorp alleging the company was negligent and breached a contract by failing to prevent a sophisticated hacker from accessing customers' confidential information from the bank's Web site.

  • August 24, 2007

    Appeals Court Dismisses Moody's Suit

    An federal appeals court agreed with a district court Thursday that Moody's Investors Services, Inc. did not defame Compuware Corp. when it lowered its stock value because of copyright suit with IBM.

  • August 23, 2007

    Judge Tosses Wal-Mart Exec's $1.5M Suit

    Attorneys for a fired Wal-Mart executive whose lawsuit against the retail chain was dismissed this week will weigh the costs of a protracted battle with the deep-pocketed corporate giant before refiling the complaint.

  • August 23, 2007

    Salmonella-Tainted Chocolate Case Stays In Canada

    Accused by Hershey Canada of supplying a salmonella-tainted chocolate additive, food giant Solae Co. has lost its bid to have the $20 million suit removed to a United States court after an Ontario Superior Court judge ruled that the litigation should proceed in Canada.

  • August 22, 2007

    Still Under Regulator Fire, Sentinel Turns To Trustee

    Overwhelmed by the regulatory actions it has been slammed with in the last week over alleged securities fraud, Sentinel Management Group Inc. has asked the bankruptcy court to appoint a trustee to oversee its operations.

  • August 21, 2007

    TVA To Pay $18 Million To Settle Overcharging Suit

    The Tennessee Valley Authority has reached an $18 million settlement, approved by a federal judge on Monday, with a group of companies alleging that the utility company had overcharged them for electricity during a heat wave in 1998.

  • August 20, 2007

    Appeals Court Reverses On Interest In Oil Wells

    In a dispute between energy companies PetroQuest Energy LLC and Cedyco Corp. over the sale of a working interest in two Louisiana oil wells, an appeals court on Friday reversed a lower court's ruling, rendering judgment in favor of PetroQuest.

  • August 20, 2007

    SEC Sues Bankrupt Sentinel For Fraud

    The U.S. Securities and Exchange Commission reportedly filed suit against bankrupt investment firm Sentinel Management Group Inc. Monday, saying that its letter to investors falsely attributed its collapse to a liquidity drought and that it had actually imploded because it had mishandled investors' money.

  • August 20, 2007

    Con Ed Says Port Authority Owes Damages For WTC

    Consolidated Energy Co. of New York Inc. and its insurers have asked for more time to add claims for indemnity to their complaint over property damage at 7 World Trade Center after the Sept. 11, 2001 attacks.

  • August 20, 2007

    Court Revives Class Action Against New Cingular

    A consumer lawsuit alleging a scheme by cell phone provider New Cingular Wireless Services Inc. to force customers to sign up to new contracts has been given a second life after an appeals court ruled the class action waiver embedded in the contract was unconscionable.

  • August 17, 2007

    Nokia Dials In Complaint Against Qualcomm With ITC

    In the latest move in a protracted patent battle over cellular technology, Finnish cellular giant Nokia Corp. on Friday filed a complaint with the International Trade Commission, asking it to ban the importation of certain Qualcomm Inc. chipsets into the United States that allegedly infringe on Nokia's patents.

  • August 16, 2007

    Ford Recalls 3.6 Million Vehicles Over SCD Switch

    Ford Motor Co. has announced that it is voluntarily recalling 3.6 million cars, trucks and SUVs in order to address ongoing concerns over the speed control deactivation switch which has been at the heart of many product liability suits against the company in recent years.

  • August 16, 2007

    SCO CEO Claims UNIX Ownership Despite Court Order

    SCO Group has steadfastly held on to the belief that it owns the copyrights to the UNIX operating system despite a Utah federal court ruling last week which assigned ownership rights to Novell Inc.

  • August 15, 2007

    Deutsche Bank Exec's ERISA Claim Stands: Judge

    A district court has removed two claims alleging unpaid bonuses but left intact a former equities manager's final allegation against Deutche Bank AG, which fired him in 2004—that the bank violated the Employee Retirement Income Security Act in its administration of his severance package.