From the category archives:

Contract Law

Tweet- From LexisNexis® Mealey’s™ Daily Legal News. A federal judge in California on Jan. 28 denied class certification of a suit alleging that Nike Inc. violated the Song-Beverly Credit Act of 1971 by requesting and recording credit card customers’ ZIP codes, ruling that the plaintiffs have not shown that they are typical of the class […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Bankrupt Hostess Brands Inc. on Jan. 28 filed a brief in the U.S. Bankruptcy Court for the Southern District of New York arguing that the bankruptcy court should approve the sale of some of its bakery assets for $ 28.85 million (In Re: Hostess Brands Inc., No. 12-22052, […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. After finding that no exceptions under the Convention on the Recognition and Enforcement of Foreign Arbitral Awards applied and noting that the Dominican State failed to respond, a District of Columbia federal judge on Dec. 20 confirmed a $ 42,547,577.84 international arbitration award in favor of a company […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Citibank N.A., Citigroup Inc. and several of their affiliates (collectively, Citibank) have reached a $ 435 million agreement with the liquidation trustee for Lehman Brothers Holdings Inc. (LBHI) subsidiary Lehman Brothers Inc. (LBI) regarding more than $ 1 billion in collateral posted by LBI before its bankruptcy, according […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. A federal judge in New York on Nov. 9 granted preliminary approval to the $ 7.25 billion class action settlement between merchants and Visa, MasterCard and a large number of banks that the proposed class alleges fixed the prices of interchange fees paid by merchants when customers use […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. A group of investors in the bankrupt Yellowstone Mountain Club LLC (YMC) on Nov. 6 moved in the U.S. Bankruptcy Court for the District of Montana to compel the enforcement of the automatic stay and for damages against YMC members who dispute a $ 26 million prepetition settlement […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Orthofix International NV will pay the federal government $ 30 million plus interest to settle allegations that the company’s Blackstone Medical Inc. subsidiary violated the Foreign Corrupt Practices Act by paying illegal kickbacks to doctors to induce them to use Blackstone’s spinal products, the parties announced Oct. 29 […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. Merchants moved on Oct. 19 for preliminary approval of a class action settlement with Visa, MasterCard and a large number of banks that the proposed class alleges fixed the prices of interchange fees paid by merchants when customers use Visa and MasterCard credit cards, for $ 6.05 billion, […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. A123 Systems Inc., manufacturer of lithium-ion batteries used in hybrid electric vehicles (HEVs), on Oct.16 filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware despite listing assets of $ 459,795,000 and debts of only $ 376,045,000 (In Re: A123 Systems Inc., No. […]

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Tweet- From LexisNexis® Mealey’s™ Daily Legal News. The federal judge in California overseeing the film transistor-liquid crystal displays (TFT-LCD) antitrust litigation on Oct. 15 preliminarily approved a $ 30 million settlement between Toshiba Corp. and direct purchasers, vacating a jury award of $ 87 million in damages to the purchasers on their claims that Toshiba […]

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