Business Law Professionals
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...
More Commercial Property Owners Choosing to Default on Mortgages, Part 2
As reported in the previous post, an increasing amount of commercial property owners are choosing to default on their mortgages as a strategic business decision. This is because the value of many commercial properties has plummeted, resulting in a large gap between...
More Commercial Property Owners Choosing to Default on Mortgages, Part 1
Owning a business requires making myriad tough and strategic decisions. An article appearing recently in The Wall Street Journal reports that more and more commercial property owners are making difficult decisions regarding...
Final Comments in on Comcast-NBCU Merger
The Federal Communication Commission's comment period for the proposed merger between Comcast and NBC Universal ended yesterday. As such, critics of the merger used the final opportunity to voice their concerns over the proposed deal and Comcast responded in...
Court Rules NJ Company Can Sue European Space Org. for Breach of Contract
The 3rd U.S. Circuit Court of Appeals has ruled that the European Space Agency does not have immunity from a breach of contract lawsuit brought against them by a New Jersey-based software company. According to Law.com, the court said on Monday that the Germany-based...
Comcast, NBCU Merger Deal: High Costs, High Stakes
Comcast's challenge was not over after it crafted and proposed a $30 billion deal to merge with NBCU; it now faces intense political scrutiny. The potential deal is now six months into an anti-trust review by government...
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