Commercial Contracts Law360 provides breaking news and analysis on commercial contract law. Coverage includes major contract disputes between companies in the U.S. and around the globe, as well as relevant regulatory and legislative developments.
Counsel for a defunct hedge fund called on a New Jersey state court Friday to cut a roughly $5.4 million compensatory verdict won by Fairfax Financial Holdings Ltd. and its subsidiary by the amount of blame attributed to settling defendants in an alleged scheme to lower the Canadian insurance company’s share price.
Nuisance allegations brought by a resident of Jefferson Parish, Louisiana, over a nearby smelly landfill are not exempt from the Class Action Fairness Act and have to stay in federal court, a federal judge has ruled, deciding the law applied to it and three other similar suits.
Employers are beginning to cite the U.S. Department of Justice’s recent admonitions against antitrust cases over franchise-based no-poach agreements that rely on an easier-to-prove legal standard, with Jimmy John’s quoting the DOJ liberally in a motion to dismiss a proposed class action in Illinois federal court.
An Illinois federal judge made no mistakes when he found VitalGo Inc. breached an exclusivity agreement over its Total Lift Bed and ordered the company to pay more than $1 million as a result, the Seventh Circuit held Thursday.
A California federal court judge has granted the development arm of the Iipay Nation of Santa Ysabel's bid to nix a medical marijuana collective’s suit over a cannabis-growing contract, ruling that the court is the wrong venue for the parties’ dispute over a land use agreement.