Commercial Contracts

  • March 25, 2024

    Steelers Owner Says Partner's Silence Is Stalling TD Air Sale

    The majority owner and president of the Pittsburgh Steelers — who is also a consultant at Buchanan Ingersoll & Rooney PC — wants a Pennsylvania state court to make a purportedly nonresponsive business partner sell his one-third share of a company that formerly owned and operated private jets.

  • March 25, 2024

    Catching Up With Delaware's Chancery Court

    Last week in Delaware's Court of Chancery, litigants battled as Truth Social went public, Carl Icahn and Tripadvisor hit a roadblock, and more shareholders wailed about "invasive" bylaws. Oil drilling and pharmaceutical mergers sparked new lawsuits, and a sewing machine trademark owner sued to end a contract.

  • March 25, 2024

    M&T Bank Execs Seek Exit From Fla. Law Firm's $1.5M Suit

    Two M&T Bank Corp. representatives want out of a lawsuit claiming they participated in the unlawful restriction of a Florida law firm's trust account amid a chargeback dispute, arguing they are protected from such claims by Florida's corporate shield doctrine.

  • March 25, 2024

    Justices Won't Review 11th Circ. $285M Arbitrator Bias Suit

    The U.S. Supreme Court on Monday declined to review an Eleventh Circuit decision refusing to vacate $285 million in arbitral awards issued to the operator of the Panama Canal, a case that the petitioners said raised questions about the standard by which courts may nix awards over an arbitrator's "evident partiality."

  • March 22, 2024

    Golfers Demand City Of LA End Tee Time Black Market

    Los Angeles golfers have sued the city claiming it's failing to stop black-market brokers from snatching up affordable tee times on municipal courses and reselling them for a profit.

  • March 22, 2024

    US Bank Ends $3.5B RMBS Trusts Suits Against BofA, Others

    U.S. Bank on Friday notified a New York federal judge it permanently discontinued two lawsuits against First Franklin Financial, Merrill Lynch Mortgage and Bank of America relating to substandard loans in residential mortgage-backed securities trusts worth $3.5 billion, two years after the parties reached a conditional settlement.

  • March 22, 2024

    Md. University Says Psilocybin Trade Theft Suit Belongs In US

    A London-based biochemical company cannot be allowed to escape across the pond with trade secrets related to using psilocybin as a mental health treatment, the University of Maryland, Baltimore, told a federal court, saying the company's minimum contacts with the state was its "months-long fraudulent scheme" to swipe intellectual property.

  • March 22, 2024

    Telecom Shareholders Want Tribunal DQ'd Over 'Biased' Blog

    The majority shareholders in a Latin American telecommunications tower operator are urging a New York court to reconsider its bid to disqualify the entire tribunal overseeing an arbitration over an alleged corporate coup, saying a blog run by one of the arbiters shows proof of bias.

  • March 22, 2024

    Fired CFO Of Conn. Gas Co. Seeks $5.6M From Sale

    The former chief financial officer of Hocon Gas Inc., a propane and heating oil company serving three Northeastern states, says he was fired for dubious reasons after demanding his share of distributions ahead of a planned sale of the company and its affiliates, in a $5.6 million lawsuit in Connecticut state court.

  • March 22, 2024

    9th Circ. Sends OppFi Predatory Lending Suit To Arbitration

    The Ninth Circuit has sent a proposed class action accusing Opportunity Financial LLC of issuing usurious loans back to the district court, ordering it to grant the lender's bid for arbitration after finding the lower court erred in ruling that the company's arbitration clause is "substantively unconscionable."

  • March 22, 2024

    Jones Soda Says Partner Contaminated 'Off-Flavor' Drinks

    A contractor breached a beverage production deal with Seattle's Jones Soda Co. by canning a batch of lemon-coconut drinks that were unfit to sell because of "an indisputable off-flavor," according to a complaint filed by the soda company in Washington federal court.

  • March 22, 2024

    Trims Recommended In Zelle Fraud Victims' Case Against BofA

    A North Carolina federal magistrate judge has recommended trimming claims in a proposed class action that alleges Bank of America NA didn't compensate for or adequately investigate scammers' unauthorized Zelle transactions despite assurances to victims who lost thousands of dollars.

  • March 22, 2024

    Colo. City Wins $13.5M For Software Co.'s Trickery

    A Colorado federal judge says a software company that was found to have lied to secure a multimillion project with the city of Fort Collins must pay $13.5 million for the city's costs stemming from its fraud.

  • March 22, 2024

    Google Loses New Trial Bid After Epic Games' Antitrust Win

    A California federal judge denied Google LLC's bid for a new trial and teed up for a May hearing on a possible court-ordered injunction against the tech giant, following Epic Games' jury win on antitrust claims related to Google Play Store and Android apps.

  • March 22, 2024

    Radiology Co., Trustee Must Face Ex-Worker's ESOP Suit

    A Colorado federal judge refused to toss a proposed class action accusing a radiology company and its trustee of overcharging the company's employee stock ownership plan in a $163.7 million sale, saying the former workers' complaint puts forward enough details to back up their allegations.

  • March 22, 2024

    11th Circ. Says Pipefitting Co. Must Rehire Union Workers

    A Georgia pipefitting company violated federal labor law when it prematurely terminated a project labor agreement with a union, then fired or rescinded job offers to 18 union-represented workers, the Eleventh Circuit ruled Friday, upholding decisions by a National Labor Relations Board panel and an agency judge.

  • March 22, 2024

    DraftKings' Suit Is 'Character Assassination,' Former VP Says

    A former DraftKings executive picked apart a trade secret suit brought against him in Massachusetts federal court by his ex-employer, saying it's an attempt to "torch his reputation" with questionable evidence that also demonstrates the company's practice of smearing employees who leave for better opportunities.

  • March 22, 2024

    Parts Of Secret Recording Buried In Blackbeard Ship Suit

    A North Carolina state judge has ruled that parts of a secret recording of a 2014 meeting between the state Department of Natural and Cultural Resources and the organization that discovered the pirate Blackbeard's sunken ship fall under attorney-client privilege and must be redacted as part of a contract dispute over footage and images of the ship.

  • March 22, 2024

    'Love Is Blind' Contestant's Suit Sent To Arbitration

    A California judge on Friday held that claims against Netflix from a "Love Is Blind" contestant alleging she was matched with a violent drug addict must be sent to arbitration after finding that the arbitrability of the contract in question is not for the court to decide.

  • March 22, 2024

    Off The Bench: Ohtani Lawyers Up, UFC Settles, ACC Clash

    MLB superstar Shohei Ohtani enlists a Hollywood boutique to advise him amid a still-unfolding sports betting scandal, UFC forks over $335 million to settle a wage class action and Clemson's bid to join a new conference spills into court. Catch up with the sports and betting stories that had Law360's readers talking with this week's Off The Bench.

  • March 22, 2024

    Fla. Judge Allows Sale Of Ex-MLBer's House In Fraud Suit

    A Florida state court judge on Friday allowed the sale of a house owned by ex-Boston Red Sox outfielder Rusney Castillo to go forward over the objection of a sports managing company, which accused the baseball player of fraudulent transfer in order to avoid a $3 million judgment against him.

  • March 22, 2024

    Pot Co. Investor Gets Colo. Contract Breach Suit Revived

    A Colorado appeals court has revived an investor's suit alleging that the head of a six-company cannabis enterprise failed to pay out as agreed, finding the trial court was wrong to find the investor did not have a legally protected interest in the enterprise.

  • March 22, 2024

    Feds, Girardi Agree To Delay Trial More Than 2 Months

    Disgraced attorney Tom Girardi's criminal trial could now be pushed back from May to August, after prosecutors and Girardi's defense attorneys filed a mutual request for a few more weeks of preparation in the closely watched case.

  • March 22, 2024

    Pa. Panel Says Tort Statute Can't Kill Contract Claims

    A Pennsylvania appellate panel has revived a breach of contract suit brought by a pro se litigant against his former counsel for failing to provide adequate legal services, finding the trial court was wrong to reclassify the contract complaint as a tort claim for legal malpractice and then toss it on statutory grounds.

  • March 22, 2024

    Lewis Brisbois Accused Of Filing 'Sham' Suits To Avert Fault

    A group of 185 Chinese investors have accused Lewis Brisbois Bisgaard & Smith LLP attorneys of filing numerous lawsuits — and collecting $3.8 million in legal fees — to cover for failing to read "draconian" contract terms that led the investors to lose their $92.5 million stake in a $2.5 billion Los Angeles mixed-use development.

Expert Analysis

  • Texas Produced Water Ruling Helps Clarify Oil, Gas Leases

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    A Texas state appeals court's recent opinion in Cactus Water Services v. COG Operating, holding that the mineral lessee under an oil and gas lease owns the water extracted during oil and gas production, is a first step toward clarity on an issue that has divided the midstream industry, say attorneys at Mayer Brown.

  • Pa. Case Highlights Complexity Of Oil And Gas Leases

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    A Pennsylvania state court's recent decision in Douglas Equipment Inc. v. EQT Production Co. is a reminder that oil and gas leases are rather strange creatures — morphing from something akin to a traditional surface lease to a mineral property conveyance the moment oil and gas is produced, says Christopher Rogers at Frost Brown.

  • The Basics Of Being A Knowledge Management Attorney

    Excerpt from Practical Guidance
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    Michael Lehet at Ogletree Deakins discusses the role of knowledge management attorneys at law firms, the common tasks they perform and practical tips for lawyers who may be considering becoming one.

  • Rising Interest Rates Bring Risk For Construction Contractors

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    With rising interest rates causing many construction projects to be slowed or halted, it's important for general contractors to implement safeguard measures against the risk of significant financial losses caused by owner-driven schedule modifications, says Kevin Riexinger at Gfeller Laurie.

  • The 7 Most Notable FCRA Cases Of 2023 So Far

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    Both consumer reporting agencies and furnishers should take note of Fair Credit Reporting Act decisions by federal district and appellate courts so far this year, especially those concerning dispute processing and the distinction between legal and factual inaccuracies, say attorneys at Troutman Pepper.

  • To Hire And Keep Top Talent, Think Beyond Compensation

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    Firms seeking to appeal to sophisticated clients and top-level partners should promote mentorship, ensure that attorneys from diverse backgrounds feel valued, and clarify policies about at-home work, says Patrick Moya at Quaero Group.

  • How Rate Exportation Is Shifting Amid Regulatory Trends

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    All banks and their partners, including fintechs, that wish to lend to borrowers in multiple states and charge uniform interest rates should heed regulatory developments across the country and determine how best to mitigate risks in their efforts to offer credit to consumers on a nationwide basis, say attorneys at Ballard Spahr.

  • Strategies For Enforcing Arbitral Awards Against Sovereigns

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    When a large project or investment in a foreign country is unexpectedly expropriated by a new government, companies often prevail in arbitration — but if the sovereign refuses to pay up, collecting the arbitral award may require persistence, creativity, and a mixture of hard and soft approaches, say Gabe Bluestone and Jeff Newton at OmniBridgeway.

  • Negotiating Material Escalation In Construction Contracts

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    As material price escalation clauses have remained popular in construction contracts despite an easing of recent supply chain issues, attorneys representing owners should understand key considerations for negotiating such clauses, and strategies to mitigate potential exploitation by contractors, says H. Arthur Black II at Brooks Pierce.

  • Perspectives

    More States Should Join Effort To Close Legal Services Gap

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    Colorado is the most recent state to allow other types of legal providers, not just attorneys, to offer specific services in certain circumstances — and more states should rethink the century-old assumptions that shape our current regulatory rules, say Natalie Anne Knowlton and Janet Drobinske at the University of Denver.

  • Identifying Trends And Tips In Litigation Financing Disclosure

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    Growing interest and controversy in litigation financing raise several salient concerns, but exploring recent compelled disclosure trends from courts around the country can help practitioners further their clients' interests, say Sean Callagy and Samuel Sokolsky at Arnold & Porter.

  • How New Illinois Child Influencer Law Affects Advertisers

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    Although Illinois' recently amended child labor law puts the burden on vloggers to ensure minors under the age of 16 featured in online videos are properly compensated, lack of compliance could reflect negatively on advertisers by association, say Monique Bhargava and Edward Fultz at Reed Smith.

  • 10 Legal Subject Matters Popping Up In AI Litigation

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    The past five years have brought judicial opinions addressing artificial intelligence in many different legal areas, so a study of existing case law is an important first step for in-house counsel addressing how to advise on the uncertainty driving many of the AI legal disputes, says Mark Davies at Orrick.

  • The NIL Legislation Race: CAPCA And The PASS Act

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    Christina Stylianou and Gregg Clifton at Lewis Brisbois compare the College Athletes Protection and Compensation Act and the Protecting Athletes, Schools, and Sports Act — two of the latest bills introduced to federally regulate publicity rights for the name, image and likeness of college student-athletes.

  • Lenders Should Study New York's Biz Loan Disclosure Rules

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    Loan providers will need to dive deep into the detailed rules governing New York state’s new commercial financing disclosure requirements in order to successfully understand and comply with the recently implemented law, say Barry Hester and Gretchen von Dwingelo at BCLP.

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