Residents of New Jersey may have heard that a judge dismissed a shareholder lawsuit filed against BlackBerry Ltd. The dismissal came on March 13 and was issued by a federal judge on the U.S. District Court for the Southern District of New York.
New Jersey businesses may be tempted to use an athlete's or other celebrity's image in order to promote their business or product. It is tempting because so many people may be drawn to something that a particular famous person is endorsing. However, businesses should be careful to only use a person's likeness or image if they have that person's permission, or else commercial litigation could ensue.
In 2008, as the national economy began its downturn, many businesses started to lose money. Large corporations saw the value of their stock plummet and many businesses could not survive. However, New Jersey business owners may be interested to know that those businesses that did survive could face business litigation over the losses they faced because of the recession.
Most businesses make or produce some sort of product or service. When a business sells a product to the public there is the risk that the product could cause injuries to consumers. When this happens, business litigation -- specifically a product liability suit -- is likely to arise.
Many businesses will experience a dispute with another company, supplier, customer, employee or even the government. In some situations, these disputes can lead to commercial litigation. When litigation ensues, there are there are a few ways for companies to resolve the lawsuits -- the issue can be taken to trial and a court can decide the matter, the parties can engage in alternative dispute resolution to reach an acceptable outcome or the parties can negotiate a settlement.
Many New Jersey businesses will experience conflicts with their competitors. Businesses are often fighting for a limited amount of customers while trying to make the most amount of money. In some situations, unfair competition can lead to commercial litigation between two businesses.
Sometimes business litigation arises when there is a dispute between two or more businesses, other times, it arises when a businesses is denied the right to do something by a governmental entity. In Morris Plains, a real estate developer has initiated commercial litigation for the later reason.
A business lawsuit can come from many different sources -- another business, a customer, an employee or even a governmental agency. No matter the source of commercial litigation, business disputes must be quickly and efficiently dealt with so that the business can move past the disagreement.
A business can face a lawsuit from any variety of sources. One source people may not consider commercial litigation to come from is the New Jersey state government. However, on occasion, New Jersey will sue a business for violation of some commercial practice or law.
Recently an $8.2 billion deal between the New York Stock Exchange Euronex and IntercontinentalExchange Inc. was reached. Under the terms of the deal, NYSE Euronex would sell itself to ICE for $33.12 a share. The deal should close by late 2013. However, this deal has led to litigation.