Retail & E-Commerce Law360 provides breaking legal news and analysis on the retail and e-commerce industries. Coverage includes litigation, policy developments, and corporate deals involving traditional stores, online shopping companies, and retail developers.
The Eleventh Circuit said Friday that the lower court did not err in ordering a 90-month prison sentence, and more than $600,000 in restitution, for a former airplane salesman convicted of skimming from his employer.
A divided Texas Supreme Court said on Friday the City of Rowlett, Texas, had the authority to condemn land owned by a private developer even though the move helped a rival developer and a private business, deciding that there was a valid public use driving the decision.
CVS Health Corp. can escape a putative class action over claims it falsely advertised its line of CVS Health Glucosamine products, a California federal judge has ruled, finding that the pharmacy giant's packaging complies with federal labeling law, preempting the state law claims asserted in the suit.
Homebuilder Lennar is reportedly under contract to buy an 89-acre site in Florida, developer Xinyuan is said to have landed $30 million in financing for a Queens mixed-use project, and IMC Equity has reportedly purchased a Miami development site for $13.5 million.
A financial technology unit of Chinese conglomerate Ping An Insurance has tapped advisers related to its plans to go public in Hong Kong, Lions Gate rebuffed a $5 billion offer for its Starz network from CBS Corp, and Carrefour is considering selling a minority stake in its Chinese business.