Dunn Lambert, LLC
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Comprehensive legal services for businesses in New Jersey and New York call 201-957-0874
Dunn Lambert, LLC
comprehensive legal services for businesses call 201-957-0874

September 2010 Archives

Commercial Casualty Insurance Company Puts End to a Drawn-out Lawsuit

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 General's Office. MMC had been accused of working covertly with insurance firms to remove competition from the commercial casualty insurance marketplace.

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 reported on our blog, a heated legal battle opposing the deal on behalf of consumers has been playing out over the past few months between a San Franciso-based Attorney representing consumers and the airlines. Both prosecution and defense presented final arguments before U.S. District Judge Richard Seeborg this week.

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.

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 acquire Dollar Thrifty.

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 is for $50-per-share. Hertz has been battling Parsippany-based Avis Budget Group Inc. to acquire Dollar Thrifty.

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 coin, 'Twilight' star Taylor Lautner recently settled a lawsuit that he filed against an RV dealership for failing to deliver a coach on time to the set of the movie, "Abduction," in June.

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 them is not shared with any party outside of the relationship. Often, companies ask an employee to sign non-disclosure agreements to ensure confidential information of the company remains with the company during the employee's tenure and after departure. 

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 other hurdles, including a recent lawsuit seeking to block the deal. The lawsuit was filed in a federal court in San Francisco and claims that a merger between United and Continental would create a monopoly, increase fares and reduce jobs.

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 the final go-ahead, the merger must be approved by the Transportation Department. United and Continental shareholders must also approve the deal and will vote on September 17.

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