Business Law Professionals
Bank of America Announces Moratorium on Foreclosures Across Nation
Bank of America announced Friday that they are expanding their moratorium on foreclosure processing to all 50 states. Last week, the country's largest bank said that they were halting foreclosures indefinitely in the 23 states where lenders need court approval to...
Problems Found With Banks’ Handling of Foreclosures
Last week, Bank of America announced that it was halting all foreclosures in 23 states where lenders need court approval to repossess a property. Issues with foreclosure documents had come to light and the country's largest bank decided to step back from...
Possible Trademark Infringement for Toyota Franchise Owner
Two Toyota franchise owners are battling it out in court over the rights to various domain names allegedly purchased by one franchise owner to mislead internet users looking for the other franchise into landing on his own franchise's site. Bob Tyler (Bob Tyler Toyota)...
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...
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...
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