Commercial Contracts

  • September 22, 2023

    SEC Suit Accuses 4 Of Taking Part In $196M Ponzi Fraud

    The U.S. Securities and Exchange Commission sued four people connected to merchant cash advance business MJ Capital Funding LLC on Friday in Florida federal court on allegations they played a role in facilitating a $196 million Ponzi scheme, saying they helped raise money by selling unregistered securities and made misrepresentations to investors.

  • September 22, 2023

    Excess Insurer Balks At $22.5M Ask In Kroger Shooting Row

    An insurer for The Kroger Co. urged a Georgia state court to reject another Kroger insurer's bid to recoup $22.5 million it paid toward a $50 million settlement over a shooting in 2015, following a jury's $61.4 million verdict against the grocery giant.

  • September 22, 2023

    Drug Co. Again Seeks Toss Of $950M Vax Trade Secrets Case

    Indian pharmaceutical company Emcure again urged a federal judge to toss a $950 million suit over allegedly stolen trade secrets from a small Washington company, arguing in a court filing Friday that it has no business presence in Washington state or anywhere in the U.S.

  • September 22, 2023

    Dubai And Hong Kong Arbitration Centers Ink Dispute Deal

    Major international arbitration centers in Dubai and Hong Kong say they have formed a partnership with an aim to use dispute resolution to settle commercial disagreements among businesses in the Middle East and Asia.

  • September 22, 2023

    Panel Rejects 'Absurd' Airbnb Arbitration Clause In Injury Suit

    An Illinois appellate panel on Friday rejected Airbnb's bid to arbitrate a lawsuit over injuries suffered by a man at a house booked through the short-term rental platform by his friend, saying an "absurd consequence" would result if the man was forced into arbitration just because he had an account on the website.

  • September 22, 2023

    NC Suit Says Underwriter Helped Insurer Cut Out Partner

    USI Insurance Services LLC and a subsidiary are suing an ex-employee and a former insurance-carrier partner after the underwriter allegedly jumped ship to help the insurance carrier cut out its need for his former employer, according to a lawsuit filed in North Carolina state court.

  • September 22, 2023

    Businessman Can't Dig Into Former Hot Dog Eatery Partner

    The North Carolina Business Court on Friday denied a businessman's request to sit his former partner down and question him as part of a lawsuit alleging that the partner cut him out of a deal to purchase hot dog restaurants, reasoning that the deadline for interrogation passed months ago.

  • September 22, 2023

    JetBlue, American Say Flyers Gave Up Class Action Rights

    American Airlines and JetBlue have urged a New York federal judge to toss consolidated lawsuits alleging the airlines' since-nixed northeast partnership increased fares and diminished flight choices, arguing that flyers signed away their rights to file class action litigation when they bought tickets.

  • September 22, 2023

    SEC Case Receiver Sues Atty To Undo 'Fraudulent Transfers'

    A court-appointed receiver for a U.S. Securities and Exchange Commission enforcement case has filed a lawsuit in Colorado federal court as part of his "efforts to trace, recapture, and return to investors millions of dollars of losses in a fraudulent Forex trading scheme," naming an attorney, his law firm and others as defendants in the suit.

  • September 22, 2023

    Fortis Sues SentinelOne In Del. Over Attivo Merger Failures

    A stockholder agent for cybersecurity venture Attivo Networks has sued acquirer SentinelOne Inc. for release of a $61 million escrow established in a May 2022 merger, alleging a range of contract breaches in a newly public Delaware Court of Chancery suit.

  • September 22, 2023

    Lawn Mower Seller Says Maker Plotted For Distribution Rights

    A company that distributes Walker Manufacturing Co.'s lawn mowers across Asia and Europe took the manufacturer to Colorado federal court, alleging the producer plotted to take back the distributor's exclusive rights to sell the products in the Eastern Hemisphere.

  • September 22, 2023

    Software Co. Asks 11th Circ. To Revive Licensing Deal Suit

    Arno Resources LLC urged the Eleventh Circuit on Friday to revive its suit accusing the former owners of a now-dissolved gaming company of violating a software development agreement by licensing the software to third parties, arguing that the lower court should not have dismissed the claims for lack of jurisdiction.

  • September 22, 2023

    Chevron Doctrine Supporters Flock To High Court In Key Case

    Health groups, scientists, a labor union, small businesses and environmentalists are urging the U.S. Supreme Court not to strike down a nearly 40-year-old precedent that allows judges to defer to federal agencies' interpretations of law in rulemaking disputes, arguing it's a valuable and reliable tool in administrative law cases.

  • September 22, 2023

    Stratasys Investor Raises Alarm About Desktop Metal Deal

    Hedge fund manager The Donerail Group has spoken out against Stratasys' proposed $1.8 billion merger with 3D printing peer Desktop Metal, saying its concerns about the company board's ability to adequately represent shareholders have risen to "alarming levels."

  • September 22, 2023

    DOJ Looks To Stem Anti-Competitive Behavior At World Cup

    Officials in the United States, Canada and Mexico are preemptively developing a strategy to deter consumer exploitation at the 2026 FIFA World Cup, according to a Friday statement by the U.S. Department of Justice.

  • September 22, 2023

    Ex-Cadwalader Partner Joins Jones Day Corporate Practice

    Jones Day announced on Friday that it had hired a Cadwalader Wickersham & Taft LLP partner out of New York for its corporate practice.

  • September 22, 2023

    Holland & Knight Adds Pair Of Chicago Real Estate Pros

    Holland & Knight LLP announced Thursday the firm has brought on a pair of real estate partners in its Chicago office.

  • September 22, 2023

    How Latham Attys Won $200M Trade Secrets Case In Ga. Trial

    Following almost nine years of litigation, Georgia manufacturer Universal Alloy Corp. defeated allegations it stole Alcoa's trade secrets and a $200 million contract with Boeing for aircraft wing parts. Here, UAC's lead trial attorneys from Latham & Watkins LLP reveal to Law360 how they did it.

  • September 21, 2023

    5th Circ. Scraps $125M Ruling Over Judge-Atty Friendship

    The Fifth Circuit on Thursday vacated a $124.5 million award to the tenant of a Lake Charles, Louisiana, seaport in its yearslong contract fight with the port, finding that allegations the magistrate judge never disclosed her longtime friendship with the seaport's counsel raise "serious doubts" about the port's consent for the jurist to hear the case.

  • September 21, 2023

    Investor Can Seek To Attach Libya Assets, NY Judge Says

    A Cypriot dairy and juice factory investor can seek attachment or execution of Libyan assets in its efforts to collect on a $28 million judgment against the country, a New York federal judge has ruled, rejecting Libya's assertion that such permission would be improper given its ongoing efforts to vacate the award in France.

  • September 21, 2023

    Diageo Says NY Court Misread Diddy Arbitration Agreement

    British spirits company Diageo on Wednesday said a New York state judge "overlooked key language" of its contract with Sean "Diddy" Combs in refusing to force the entrepreneur and music mogul to arbitrate his lawsuit over alleged racism in Diageo's marketing of his liquor brands.

  • September 21, 2023

    Investors Urge Discovery Of Movie Mogul's Wife In Award Spat

    Investors looking to collect on a half-billion-dollar arbitral award against a Chinese cinema magnate have told a New York federal judge that the man's wife must not hide discovery necessary to collect on the judgment, saying she can't rely upon her legal protections as a spouse.

  • September 21, 2023

    DOJ Says JetBlue Deals Can Both Harm Competition

    The U.S. Department of Justice told a Massachusetts federal court there's nothing inconsistent about contentions that JetBlue's planned merger with Spirit and a previously blocked alliance with American Airlines would both hurt competition but in different ways.

  • September 21, 2023

    American Physician Partners Plots Quick Ch. 11 Wind Down

    Bankrupt medical staffing and hospital management company American Physician Partners told a Delaware judge Thursday that it has laid the groundwork for a quick trip through bankruptcy, with a plan to complete its Chapter 11 wind down by the end of November.

  • September 21, 2023

    Abbott Gets Partial Win In HIV Test Patent Feud With Novartis

    An Illinois federal judge has partly granted a win to Abbott in a suit seeking a finding that it didn't infringe a Novartis patent covering a method for replicating DNA that allegedly was used in its HIV test, but said parts of the patent were valid.

Expert Analysis

  • Master Service Agreements Can Mitigate Manufacturing Risks

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    Terms and conditions of standard contracts between manufacturers and their suppliers may not cover the numerous geopolitical, legal and technical issues that can arise in the manufacturing process in 2023 — so a master service agreement covering everything from payment terms to dispute resolution can be an excellent alternative, says Bryan Rose at Stinson.

  • Opinion

    Private Equity Owners Can Remedy Law Firms' Agency Issues

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    Nonlawyer, private-equity ownership of law firms can benefit shareholders and others vulnerable to governance issues such as disparate interests, and can in turn help resolve agency problems, says Michael Di Gennaro at The Law Practice Exchange.

  • How To Protect Atty-Client Privilege While Using Generative AI

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    When using generative artificial intelligence tools, attorneys should consider several safeguards to avoid breaches or complications in attorney-client privilege, say Antonious Sadek and Christopher Campbell at DLA Piper.

  • How New Lawyers Can Leverage Feedback For Growth

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    Embracing constructive criticism as a tool for success can help new lawyers accelerate their professional growth and law firms build a culture of continuous improvement, says Katie Aldrich at Fringe Professional Development.

  • How Reps And Warranties Insurance Can Aid Sellers In M&A

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    Amid the current slowdown in the M&A climate, representation and warranty insurance offers sellers a number of advantages, including protection against fraud and possible leverage to insist on a no-seller-indemnity deal, say Alex Leibowitz and Eric Jesse at Lowenstein Sandler.

  • Key Elements Of The Proposed Credit Card Competition Act

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    Attorneys at Troutman Pepper examine the most noteworthy provisions in the recently proposed Credit Card Competition Act, including changes to payment card network access, Federal Reserve Board review, who would qualify as a covered institution, and routing restrictions.

  • The NIL Legislation Race: CAEFA And Ted Cruz's Draft Bill

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    Christina Stylianou and Gregg Clifton at Lewis Brisbois compare legislation pertaining to the name, image and likeness rights of college student-athletes, including the College Athlete Economic Freedom Act and Sen. Ted Cruz's draft bill that would restrict an athlete's eligibility to compete if an NIL agreement violates their university's student code of conduct.

  • Developers Are Testing Defenses In Generative AI Litigation

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    In the rapidly growing field of generative artificial intelligence law in the U.S., there are a few possible defenses that have already been effectively asserted by defendants in litigation, including lack of standing, reliance on the fair use doctrine, and the legality of so-called data scraping, say attorneys at K&L Gates.

  • Brand Owners Beware: AI-Generated Ad Content Poses Risks

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    Since the Association of National Advertisers recently updated its master media buying services template agreement, brand owners should consider how their contracted agencies are using artificial intelligence to create and implement campaigns and media purchases, say Kyle-Beth Hilfer and John Miranda at Cowan Liebowitz.

  • Twitter Legal Fees Suit Offers Crash Course In Billing Ethics

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    X Corp.'s suit alleging that Wachtell grossly inflated its fees in the final days of Elon Musk’s Twitter acquisition provides a case study in how firms should protect their reputations by hewing to ethical billing practices and the high standards for professional conduct that govern attorney-client relationships, says Lourdes Fuentes at Karta Legal.

  • A Higher Bar For Surviving Summary Judgment In SC Courts

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    The South Carolina Supreme Court's recent decision in Kitchen Planners v. Friedman, rejecting a lower court's usage of the mere scintilla standard for allowing cases to proceed, suggests that the mere existence of an alleged factual dispute between parties will no longer be sufficient to thwart a well-supported motion for summary judgment, says Denver Smith at Butler Snow.

  • Key Strike Considerations For Automotive Industry Suppliers

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    As the UAW's labor contracts with Detroit's Big Three automakers expire, and the possibility of a strike looms, automotive industry suppliers face a number of possible legal and operational issues — and should have strategic action plans in place to deal with contracts, liquidity, the post-strike environment and more, say experts at Alvarez & Marsal.

  • Ore. Warranty Ruling Complicates Insurance Classification

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    The Oregon Court of Appeals' recent TruNorth v. Department of Consumer and Business Services holding that a service contract — commonly referred to as an extended warranty — covering commercial property is subject to the state's consumer service contract laws raises regulatory questions for contract obligors, sellers and administrators, say attorneys at Locke Lord.

  • ABA's Money-Laundering Resolution Is A Balancing Act

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    While the American Bar Association’s recently passed resolution recognizes a lawyer's duty to discontinue representation that could facilitate money laundering and other fraudulent activity, it preserves, at least for now, the delicate balance of judicial, state-based regulation of the legal profession and the sanctity of the attorney-client relationship, say attorneys at Ballard Spahr.

  • A Festival Of Litigation Could Arise From 'Electric Zoo' Fiasco

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    Over Labor Day weekend, thousands of electronic dance music fans were displeased with the organization of the New York City-based Electric Zoo festival, which quickly elicited comparisons to the 2017 Fyre Festival — and three kinds of litigation could ensue from the debacle, say attorneys at Seiden Law.

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