Commercial Contracts

  • May 14, 2008

    Clear Channel, Banks Clear Air With $17.9B Deal

    Clear Channel Communications Inc. and the private equity firms it sued for reneging on an agreement to buy it last year finally entered into a $17.9 billion deal, the radio operator said Tuesday.

  • May 13, 2008

    Judge Breaks Off Hershey Suit In Delaware

    A federal district judge has bounced a lawsuit brought by food giant Solae Inc. as it continues to trade barbs with Hershey Canada over liability for a salmonella-tainted additive that found its way into a sundae product.

  • May 13, 2008

    Exxon Wants $800M For Failed Point Thomson Plan

    Exxon Mobil Corp. is demanding $800 million in damages from the state of Alaska for rejecting its plans to develop a natural gas field on the state's North Slope.

  • May 12, 2008

    Jackson Lewis Picks Up Trade Secrets Litigator

    Jackson Lewis LLP has engaged a new labor and employment partner from Epstein Becker & Green PC, seasoned in the growing area of trade secrets, breach of contract and unfair competition litigation.

  • May 12, 2008

    Coudert Offers Deal To Ex-Partners In New Plan

    Bankrupt law firm Coudert Brothers LLP has revealed a liquidation plan that would rely upon potentially liable former partners agreeing to contribute substantial funds in exchange for broad releases from future litigation.

  • May 12, 2008

    Clear Channel, Banks Sing A Different Tune

    Clear Channel Communications Inc. and the private equity firms that wanted to buy it for nearly $20 billion are in settlement discussions with the banks that were to fund the deal, the radio company said Monday.

  • May 12, 2008

    Ruling Imperils Directors' Advancement Of Fees

    A recent decision in the Delaware Court of Chancery has directors of companies worried that they will no longer always be advanced legal fees and expenses when a lawsuit is brought against them.

  • May 8, 2008

    Networks Refused To Hire Dan Rather After Firing: Suit

    Anchorman Dan Rather's reputation was damaged so severely by CBS Corp. following a critical report on President Bush's military service that several television networks have refused to work with him because he has “too much baggage,” according to new allegations added to Rather's defamation suit against CBS.

  • May 8, 2008

    Firm Files FINRA Suit Over Auction-Rate Securities

    The fate of more than $7.9 million in Banc of America Investment Services Inc. frozen auction-rate securities lies in the hands of an arbitration panel, now that one law firm has filed a lawsuit with the Financial Industry Regulatory Authority's Office of Dispute Resolution.

  • May 8, 2008

    Coudert Retirees' Suit Moved To Bankruptcy Court

    A lawsuit by 24 retirees from Coudert Brothers against former managing members and law firms that took over pieces of the defunct international law firm has been transferred to bankruptcy court.

  • May 8, 2008

    N.Y. Judge Gives Green Light To Clear Channel Trial

    A New York state judge has rebuffed an effort by six big banks to toss a lawsuit by private equity firms that claim the banks reneged on promises to fund a nearly $20 billion deal to acquire Clear Channel Communications.

  • May 9, 2008

    Man Found Liable For Stealing Real Estate Site Design

    A Pennsylvania man accused of stealing copyrighted designs from Toronto-based ConsulNet Computing Inc., a maker of real estate marketing Web sites, has been found liable in federal court.

  • May 7, 2008

    AMS Sues 'Hooked On Phonics' Cos. For $1.86M

    Hoping to recoup money for customer returns on several educational book products, bankrupt book dealer Advanced Marketing Services Inc. is suing the producers of “Hooked on Phonics” for wrongfully withholding funds.

  • May 6, 2008

    WIPO Clears Boston Scientific Of Infringement

    After more than two years of international legal wrangling, a United Nations arbitration panel has ruled that Boston Scientific Corp.'s coronary stents do not infringe on Israel-based Medinol Ltd.'s patents, the U.S. corporation announced Monday.

  • May 6, 2008

    Judge Partly Dismisses UAW From Benefits Suit

    A judge has thrown out much of Caterpillar Inc.'s case against the United Auto Workers International union and seven local unions.

  • May 6, 2008

    ConocoPhillips Asks FERC To Punish Entergy

    ConocoPhillips Co. has slapped Entergy Services Inc. with a formal complaint, accusing the energy giant of violating the policy of the U.S. Federal Energy Regulatory Commission in the wake of a failed contract agreement between the two companies.

  • May 6, 2008

    Texas High Court Bars Refiling Of Wage Claims

    Workers whose wage claims are dismissed by the Texas Workforce Commission are prohibited from taking their case to state court, the Texas Supreme Court has ruled, deciding the issue for the first time.

  • May 5, 2008

    Ex-Merrill Adviser Enjoined In Trade Secrets Suit

    Merrill Lynch & Co.'s brokerage arm sued one of its former financial advisers Thursday, alleging that he took confidential client information to his new job at Ameriprise Financial Services Inc. to woo clients away from Merrill Lynch.

  • May 2, 2008

    UBS Loses Bid To Toss Suit Over Genesco Merger

    A judge has denied a petition by UBS Securities LLC to toss a class action alleging the investment bank subsidiary was partly to blame for the failed merger between footwear retailer rivals Genesco Inc. and Finish Line Inc.

  • April 30, 2008

    Omni Will Pay $1M To Settle Compensation Claims

    Omni Energy Services Corp. has agreed to pay Executive Vice President Darcy Klug more than $1 million to settle a lawsuit alleging that company directors schemed to defraud him of his due compensation, the company announced Tuesday.