An insurance brokerage firm consented to paying $4.75 million this week to the state of Ohio in order to settle an antitrust commercial litigation case. Marsh & McLennan Companies (MMC) faced bid-rigging and kickback scheme allegations from the State Attorney...
Business Law Professionals
Month: September 2010
United / Continental Merger Looks To Be A Go Pending Judge’s Ruling
The $3.22 billion all-stock United / Continental merger originally announced back in May was approved by shareholders just last week and is scheduled to be finalized by Oct. 1st. The merger received regulatory approval from the Justice Department last summer. As...
New Jersey Reality TV Star’s Past Involves Breach Of Contract
Never short on drama, Bravo's hit series 'The Real Housewives of New Jersey' isn't waiting for its new stars to show up on screen to create controversy. The show's soon to be latest addition will bring with her a host of her own hullabaloo. Melissa Gorga will be...
Hertz vs. Avis: Antitrust Issues Involved in Dollar Acquisition
A $1.43 billion bid from Park Ridge, New Jersey-based Hertz Global Holdings, Inc. to acquire Dollar Thrifty Automotive Group Inc. was accepted by Dollar's board this week. Hertz had been competing with Parsippany-based Avis Budget Group Inc. in its effort to...
Hertz a Step Closer to Acquiring Dollar Thrifty
Park Ridge, New Jersey-based Hertz Global Holdings Inc. is set to acquire Dollar Thrifty Automotive Group Inc. Dollar Thrifty said this week that it accepted a new $1.43 billion offer from Hertz. In April, Hertz had offered $41-per-share, but the new offer...
HP Claims Former CEO Jeopardizes Confidentiality by Accepting New Role at Oracle
Hewlett-Packard has sued its former chief executive officer Mark Hurd for breach of contract; more specifically for violating a confidentiality agreement. A confidentiality agreement is a contract entered by two parties who want to ensure information shared between...
2 Breach of Contract Cases in the News: Paris Hilton, Taylor Lautner
Two recent celebrity stories in the news involve breach of contract lawsuits. One lawsuit was brought against hotel heiress Paris Hilton for allegedly failing to promote and wear a company's hair extensions as she had agreed to do. On the other side of the...
Continental CEO Defends Merger Plan in Trial
The chief executive of Continental Airlines, Jeff Smisek, testified in a federal court Tuesday in defense of the company's merger plan with United. Federal antitrust regulators approved the $8 billion merger plan late last week, but the companies still face...
Antitrust Regulators Approve United-Continental Merger Plan
Antitrust regulators at the Justice Department approved the $8 billion merger plan of United and Continental airlines late last week. The deal to create one of the world's largest airlines is now set to be approved as early as Thanksgiving. Before the companies get...